A Postans unsecured business loan is simple and quick in applying for. Get a quick apporval and start using the funds in your company.
What to expect:
The conditions for eligibility for an unsecured business loan in Postans are fairly minimal.
Call Now 1300 124 298The process of applying for a company financing for business in Postans with us is easy and takes only a few minutes, no mountains of paperwork or queues.
Be approved and receive your cash within 1 – 2 company days.
We aim to help Postans businesses of all kinds, including medium, small and even entrepreneurs to obtain money quickly, so that they can take advantage of loans to expand and develop.
The eligibility requirements for an unsecured business loan in Postans of between $5K to $100K are quite minimal.
Need more funds? Review the guidelines for eligibility for our $100K to $500K company loans.
The requirements for eligibility to be eligible for loans from larger Postans business loans of between $100K and $500K consist of:
Looking for a smaller amount of money? Check out the conditions for eligibility for our $5K-$100K Postans unsecured business loans.
A Postans unsecured loan is great to use for every business purpose. Talk to us today.
Do you want to begin one of these projects as soon as tomorrow? Contact us today or send an application online to get the fastest and most efficient process.
All that’s needed for starting is your contact information (company name, your name, email and telephone) and the amount you’d like to borrow, and your monthly earnings.
During the process and before settlement we’ll need confirmation of who you are, but not to get started:
Additionally after we get started with loans over $150,000 you’ll require the following financial statements:
Let’s get started.
With traditional lenders and banks restricting credit, the steady stream of alternative and non-bank loan providers that are entering the market provides an incredible source to make use of.
Postans SME’s are now in a position to obtain finance via alternate lenders servicing Postans who are focused on enabling company expansion or smoothing cash flow challenges. The past was when personal credit sources (drawing equity from a house loan or credit cards, personal loans and credit cards) was the sole alternative financing services for Postans that were around.
There’s there is no need in the present to rely on the real estate market to secure company loan. With an unsecured loan, business funding is made simple. Instead of a traditional term loan from a bank, business finance for a small business with interest rates and loan terms that help with cash flow are available as business loan options.
There are many benefits with the separation of personal and company debt.
Lower your risks, make tax time more simple, apply for an unsecured busines loan. Make an application today.
One big drawcard for keeping your business and personal company assets apart is that your home isn’t necessarily tied up to allow access to the funds. For a small business loan in Postans up to $100K an asset security agreement will not be required as long as the borrower meets the loan requirements.
Companies will be in a advantageous long-term situation if they are able to demonstrate credit/debt ability to service.
A separation between personal and business finances makes it more straightforward when it comes to tax time, especially when it comes to determining the tax-deductible amount. The IRD has outlined the guidelines for the documentation required in order to deduct deductions from a company’s tax return. This is an area that the IRD has advised specifically on.
Effective cash flow management is essential to the long-term viability that of any company. Through keeping the personal financial and business finances separate, businesses can easily view their cash flow, plan and monitor it based on their ability to accurately evaluate their cash flow situation.
Postans unsecured loans provides amounts between $5,000 and $100,000 with terms between 3 and 24 months. They also offer cash flow friendly repayments that are either daily or weekly.
Apply to get your Small Business Loan in under 10 minutes on the internet or over the phone. You’ll get a same day response and the funds could be available in just 24 hours. Traditional company loans are based on an interest rate per annum together with additional fees and charges. Our company loan is an upfront priced loan therefore you’ll know ahead of time the amount you will have to pay, including any interest, fees or charges. This is then broken down into a daily or weekly installment amount.
A Small Business Loan can be used to fulfill almost every company reason, such as cash flow management, business renovations, marketing to purchase inventory or new equipment, for general working capital and much more. The loan is not available for personal use.
The Larger Business Loan is a larger amount of loan to help company growth opportunities. The loan ranges from $100,000 to $500,000 with a term fixed with a maximum of 36 months. Repayments are either weekly or fortnightly in order to accommodate the flow of cash.
The Larger Business Loan has an Origination Fee, which is determined at 2.5 percent of the amount of the loan.
To qualify for a loan that is this large, your business needs to have been operating for at least three years, and have an annual income of $700,000. Your business must belong to a New Zealand Citizen (or Permanent Resident) at least 18 years old as well as own a New Zealand business (with a valid NZBN/IRD) and be able to demonstrate at the least 12 months of operating.
A Larger Business Loan can be used for almost every business need, including company improvements, purchasing equipment or inventory for general working capital and so much more. The loan cannot be used to fund personal expenses.
Asset security is required to obtain funding above $150,000. This can be done as a result of an charge against assets and can include the registration of this through the PPSR or registering a caveat.
A personal or director’s ensure is a commitment to pay off a credit line that is generally in nature rather than specifying security over a particular asset. The person who signs the guarantee is personally accountable if the company lender is not able to make the repayment.
The Personal Property Securities Register (PPSR) is an online, central register operated by the New Zealand Government. It contains security interests granted to individuals who own personal property (including goods or assets). The PPSR gives priority over personal property to be assigned according to the date the security interest was registered.
An affidavit is an official document that is filed to provide the legal claim against a property.
If you’re seeking larger business loans of $250,000 or more it’s possible to offer an initial pre-approval to smooth out the process. It is possible to apply for this without a credit check, and within 6 hours of the initial application. The pre-approval process is based on an initial evaluation that involves answering a couple of financial well-being questions. It’s not an offer or guarantee of credit. Unconditional approval is subject to an extensive credit evaluation and any offer you receive could have different terms.
You are eligible to apply for an business loan if you;
The application process is quick and easy. Complete the online form in few minutes and a dedicated business credit specialist will be in touch to guide you.
For a loan of up to $100,000 you’ll need identification details (valid Driver’s License) along with an active NZBN/IRD, and at least 6 months’ worth of bank statements.
For larger loan sizes, you’ll also need:
$100K to $250K: Information about the application including credit consent, 6-12 months of bank statements, IRD statement (if you have a loan of more than $150K).
$250K – $500K: Details for application including credit consent twelve month bank accounts, the IRD statements and the last two years’ finalised financial statements, in addition to interim financials from the current financial year such as age-related payables and aged Receivables reports.
For an unsecured loan ($5K up to $100,000) we usually offer a response in one hour, provided you apply in standard business time and let us make use of the advanced bank verification system link to instantly verify your bank information online. If you decide to upload copies of your bank statements , we’ll be able to offer a decision within just 1 company day.
For the Larger Business Loan ($100K and up) we may be in a position to offer you with a conditional pre-approval in about six hours. Once you’ve signed the pre-approval, the turnaround time is approximately 2-3 days to receive final approval, however it could be faster based on the particular circumstances of each application. Certain offers have been approved in the space of 24 hours.
The most efficient method is to make sure you apply during standard company hours and allow us to use the advanced bank verification system to instantly confirm your bank details online. If you opt to send us duplicates of your banking statement, it may take a bit longer.
For the Small Business Loan ($5K or more) We can usually offer an answer within one hour – as long as you apply within standard business timings and allow us to use the advanced bank verification system to immediately verify your bank account information online. If you choose to submit copies of your bank statements, we are able to offer the decision in as little as an business day.
If you are applying for Larger Business Loans ($100K or more) we could be in a position to offer the conditional pre-approval within about six hours. Once you’ve signed the pre-approval document, you will require to wait approximately 2-3 days to receive final approval, however this could be shorter based upon the circumstances for each application. Certain agreements have been approved within 24 hours.
The quickest method can be make sure you apply during normal business hours. Also, allow us to use the sophisticated bank verification to instantly confirm your bank details online. If you opt to upload the copies of bank accounts, it will take a little longer.
We offer loans ranging from $5,000 and $500,000. If you apply for a particular amount, we look at a variety of variables for determining what is the well-being of your business and the amount of payments your company can afford. The total amount of your loan will be contingent on the particular circumstances for your company.
If you apply for a particular amount, we will consider a number of variables to determine how much we can lend you such as well-being of your business as well as the amount of the repayments your company can support. The total amount of your loan will be determined by the particulars the business.
If you decide to make an application for the company financing, we’ll assess the risk assessment that you have for your company and provide you with a customised offer including the amount of loan, the term and interest rates. The company loan is an upfront priced loan which means you know the exact amount to be paid, including any interest rates, fees or charges.
Business loan interest rates depend on several variables like the amount to be borrowed, the company assets the funds are used to purchase as well as the field the company is operating in, how long the business is in operation as well as in the event that the business has enough cash flow to pay for the loan, and also the overall well-being or creditworthiness of the company.
There aren’t any hidden charges with our business loans. You’ll know precisely how much it is that you need to pay and when, from the very first day. There’s no compounding interest, and no additional fees (as long as you are able to make your payments in time).
We don’t charge an Application Fee. You are able to make an application for loans with no upfront cost or any obligation to sign up.
The Origination Fee covers the expenses involved in establishing and managing the loan. The only way to pay this fee if you choose to proceed with the loan. Our Origination Fee is 2.5 percent of the loan amount.
You can choose to repay all of your loan at any point in time.
If you decide to do this please contact our helpful company credit specialists. They will offer you with repayment details and an early payout figure. This is calculated as the sum of the principal remaining and any accrued interest at the time of the early payout, plus 1.5 percent of the principal remaining plus any outstanding fees.
In order to help you avoid missing payment dates and to align with your cash flow cycle we provide repayments either weekly or daily. These are automatically withdrawn from your company account.
The security of your personal information, as well as being transparent about the ways we gather information, use it, and exchange it, as well as ensure the security of your information is of huge importance and is an essential element of our relationship with you.
Yes. We use industry recognised encryption standards to protect your personal, sensitive financial and other data. Our funders are ISO 27001 certified for our dedication to customer security and security. We employ a highly sophisticated banking verification system to immediately confirm your bank account information online to offer rapid response.
Asset-based borrowing occurs when the business owner makes use of the assets they have to make the funds for a loan. The asset can be either an individual asset, such as the family home or an business asset such as a truck or piece of equipment.
The vast majority of lenders, including the banks with the biggest size, prefer to guarantee loans against an asset. If you’re having trouble paying back the loan then your asset may be offered for sale by the lender. In essence it is an opportunity to secure new financing using the worth of the asset you already have.
For loans that exceed $150K, there is no requirement for asset security prior to the loan’s access, however we require a personal guarantee. need an individual guarantee. In the event that you fulfill your loan commitments (as stipulated in your loan contract) and you are able to meet your obligations, asset security is not needed. For loans that exceed $150K, generally, you can get the option of a personal guarantee and security in the form of charges on assets.
We can’t assist with an unsecure business loan for these types of industries, we may be able to assist with an secured business loan.
