A Two Rocks unsecured business loan is quick and simple to apply for. Apply for a loan quickly and begin using the money for your business.
What you can expect:
The criteria for eligibility for an unsecured business loan to be made in Two Rocks are fairly minimal.
Call Now 1300 124 298Making an application for a business credit within Two Rocks with us is easy and takes just a few minutes, no mountains of paperwork or queues.
Get approved and receive your funds in 1-2 company days.
We aim to help Two Rocks businesses of all kinds, from small to medium-sized soloprenuers to get access to money quickly, so that they can take advantage of loans to expand and develop.
The requirements for getting an unsecured business loan in Two Rocks of between $5K to $100K are quite minimal.
Need more funds? Check out the guidelines for eligibility for our $100K-$500K business financing.
The criteria to be eligible to be eligible for the larger Two Rocks company loans of between $100K and $500K include:
Looking for a smaller amount of funds? Find out the conditions for eligibility for our $5K-$100K Two Rocks unsecured business loans.
A Two Rocks unsecured loan is ideal to use for any business use. Call us now.
Do you want to start working on one of these projects as soon as tomorrow? Get in touch with us or send your application online to apply the fastest, most convenient way.
All that’s required to begin is your contact details (company name and your name, as well as email, phone), how much you’d like to lend, and your monthly income.
During the process and before settlement we will require confirmation of your identity but not before we can begin:
In addition, once we have started with loans of more than $150,000 you will also require basic financial statements:
Let’s get started.
With banks and traditional lenders tightening credit conditions, the steady stream of alternative and non-bank loan providers entering the market offers the perfect source for you to tap into.
Two Rocks SME’s are now able to access finance through alternate lenders servicing Two Rocks who are focused on facilitating company expansion or smoothing cash flow issues. In the past individual credit providers (drawing equity from a house loan or credit cards, personal loans and loans) provided the most viable alternative financing services within Two Rocks that were available.
There’s an end to the requirement for you to depend on real estate to secure company loans. With an unsecured loan, business financing is easy. Instead of a loan for a term with a bank, business finance for an SME with interest rates and loan terms that aid in cash flow are around as business loans.
There are many advantages associated in separating personal from business debt.
Limit your exposure, make tax time more simple, apply for an unsecure business loan, apply today.
One big drawcard for keeping your personal and company assets apart is that your home isn’t tied to allow access to the funds. If you’re looking for a small business loan within Two Rocks up to $100K the security of assets won’t be needed as long as the borrower meets their loan obligations.
Businesses are in a more advantageous long-term situation if they can demonstrate good credit/debt capability.
It is important to separate personal from business finances makes it much more straightforward in the event of tax time - especially when it comes to determining the tax deductible allocation. The IRD has set out the requirements for evidence for claiming deductions on a company’s tax return. This is an area where the IRD has advised specifically on.
A well-organised cash flow management system is essential to the long-term success of any business. Through maintaining personal as well as business finances separate, businesses can easily view their cash flow, plan and monitor it based on their ability to accurately assess their cash flow position.
Two Rocks unsecured loans offers amounts between $5,000 and $100,000, with terms ranging from 3 and 24 month and cash flow-friendly repayments that are either daily or weekly.
Apply to your Small Business Loan in under 10 minutes on the internet or on the phone. You’ll receive an answer within the same day and the money could be in your account in 24 hours. Traditional business loans are based on an interest rate per annum together with additional fees and charges. This business loan is an upfront priced loan so you will be aware of the amount you will have to pay, including any fees, interest or charges. Then, it is divided into a daily or weekly amount to be paid back.
It is a Small Business Loan can be used to fulfill almost every company purpose including control of cash flow business remodeling, marketing for purchasing inventory or new equipment, or as general working capital and so much more. The loan is not available for personal reasons.
The Larger Business Loan is a larger size of loan that can be used to fund business growth opportunities. Loans range between $100,000 and $500,000 with a term fixed up to 36 months. Repayments are scheduled weekly or fortnightly, depending on your situation.
It is important to note that the Larger Business Loan has an Origination Fee that is calculated at 2.5% of the amount of the loan.
To be eligible for a loan of this size the company needs to have been operating for at least three years with an annual turnover of at least $700K. It is necessary to be a New Zealand Citizen (or Permanent Resident) who is over the age of 18 and have a New Zealand business (with a valid NZBN/IRD) and be able of proving at the least 12 months of operating.
A larger business loan is a great option for almost all company need, including company renovations, to purchase new equipment or inventory, as general working capital and so much more. The loan is not available for personal purposes.
Asset security is necessary to access funding over $150,000. This is by way of charge on assets, and could include registering this in the PPSR or making as a caveat.
A personal or director’s ensure is a commitment to repay credit that is general in nature rather than stating security over a particular asset. The person who signs the guarantee is personally liable if the business the borrower fails to make the repayment.
The Personal Property Securities Register (PPSR) is an online central register run by the New Zealand Government. It lists security interests that are granted to individuals who own personal property (including items or assets). The PPSR permits prioritisation over property that is personal to be granted depending on the date that a security interest that is registered.
An affidavit is an official document that is filed to provide notice of a legal claim to a property.
If you’re seeking larger company loans that exceeds $250,000 we can offer an initial pre-approval in order to make the process. We may be able to apply for this without a credit check and within 6 hours of your initial application. This pre-approval is based on a preliminary assessment which includes you answering a few financial well-being checks. It is in no way an offer, nor is it a guarantee of finance. Unconditional approval is subject to an exhaustive credit evaluation, and any offer that you are offered could be on different terms.
You can apply for a business loan if you;
The application process is simple and easy. Just fill out the online application within a couple minutes, and an experienced company loan specialist will be in touch to assist you.
For a loan of up to $100,000, you’ll need identification details (valid Driver’s License), an active NZBN/IRD, and at least 6 months of bank statements.
If you’re looking for loans with larger sizes, you’ll also require:
$100K to $250K: Application requirements, including credit consent, 6 – 12 months of bank statements, IRD statement (if loan above $150K).
$250K – $500K: Details for application including credit consent as well as 12 months of bank statements, IRD statement, last 2 years finalised financial statements, as well as interim financial statements for the current year, Aged Payables and Aged Receivables reports.
For an unsecured loan ($5K or more) we usually offer an answer within one hour – as long as you make your application at quality business timings and you allow us to utilise the advanced bank verification system link to instantly verify your bank details online. If you want to upload copies of your banking statement, we’ll provide the decision in just 1 business day.
If you are applying for a Larger Business Loan ($100K to $500K) we may be capable of offer the conditional pre-approval within about 6 hours. Once you’ve signed the pre-approval, the turnaround time is approximately 2-3 days to receive final approval. However, this can be quicker based on the circumstances of each application. Certain offers have been approved within 24 hours.
The quickest way to apply can be make sure you apply during normal business hours. Also, permit us to use the advance bank verification link to check your bank’s information online. If you upload duplicates of your banking statement, it may take a bit longer.
For the Small Business Loan ($5K and up) we can often offer an answer in just one hour if you make your application during standard business timings and allow us to use the advanced bank verification system to immediately verify your bank account information online. If you opt to upload copies of your bank statements, we are able to offer a decision within 1 business day.
If you are applying for Larger Business Loans ($100K and up) we could be in a position to provide the conditional pre-approval within about six hours. Once you’ve signed the pre-approval, the turnaround time is between 2 and 3 days for the final approval. However, it could be faster based on the specifics of each application. Some offers have been approved within the space of 24 hours.
The most efficient method can be ensure you apply during normal business hours. Also, permit us to use the advance bank verification to instantly verify your bank information online. If you decide to upload copies of your bank statements it may take a bit longer.
We offer loans ranging from $5,000 and $500,000. If you apply for a certain amount we will consider a number of factors that determine the well-being that is your company as well as the amount of repayments your company can support. The total amount of your loan will depend on the specifics the business.
When you submit an application for a set amount, we will consider a number of variables to determine the well-being of the business and the amount of repayments that your business can support. The total amount of your loan will depend on the specific circumstances of your company.
When you request business loans with us business credit, we will assess the risk profile the company and offer an individualised offer including the loan amount, the terms and the interest rates. The company loan is an upfront cost loan which means you know the exact amount due, which includes any costs, fees, or interest rates.
The interest rates on business loans rates vary due to factors including the amount that is borrowed, what business assets the money are used to purchase, the industry the company is in, how long the business has been running as well as what percentage of the company has enough cash flow to cover the loan, and overall health or creditworthiness of the business.
There are no hidden fees with our business loans. You’ll know precisely how much it is that you be required to pay and when, right from the very first day. There’s no compounding interest and no additional fees (as long as you are able to make your payments punctually).
We don’t charge an application fee. You are able to get a cash loan with absolutely no upfront cost and no the obligation to take action.
The Origination Fee covers the expenses involved with setting up and managing the loan. This is only a cost if you take out the loan. The Origination Fee for us is 2.5 percentage of the amount of the loan.
You can repay the entire amount of the loan early at any time.
If you decide to take this route, please call our helpful company loans experts. They will offer you with details for repayment along with an early payout estimate. This will be calculated as the total of the remaining principal amount plus any accrued interest as of the time of early payout, plus 1.5% of the principal amount remaining and any outstanding fees.
To help you avoid missing payment dates and to align your cash flow schedule, we provide payments that are either weekly or daily. These are automatically deducted from the nominated company account.
Making sure that your information is secure, and making it clear the ways we gather, use, exchange and safeguard your data, is of paramount importance and is a crucial part of our relationship with you.
Yes. We employ industry-recognised encryption standards to secure your sensitive, personal and financial data and our funders are ISO 27001 certified for our commitment to the security of our clients as well as their security. We use an advanced bank verification system that allows you to instantly verify your bank account information online. This allows us to provide rapid response.
An asset-based loan is when the company owner uses the assets they have to obtain the loan. The asset can be an individual property, such as the family home or it could be a company asset such as a vehicle as well as a piece of machine.
The majority of lending institutions, even the banks with the biggest size, prefer to make loans secured by assets. If you are having difficulty paying back the loan then your assets could be taken over by the lender. In essence it’s a way of securing additional financing using the worth of the asset you already own.
For loans of up to $150,000, it is not necessary to secure assets upfront to access the money However, we require a personal guarantee. need an individual guarantee. If you adhere to the loan terms (as stated in the loan contract) the security of assets will never be required. For loans that exceed $150,000, generally, you can get the option of a personal ensure and security is provided in the form of an asset charge.
We can’t assist with an unsecure business loan in the above industries, we might be able to assist you with the secured business loan.
