A Two Rocks unsecured business loan is easy and quick in applying for. Request a quick approval and start using the funds to grow your business.
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 298Applying for the company credit within Two Rocks with us is easy and takes only less than a minute, with no lengthy forms or lines.
Receive approval and funds within 1 to 2 company days.
Our focus is to assist Two Rocks businesses of all types, whether small, medium or solopreneurs access funds quickly so that they can utilise the loan to expand and develop.
The eligibility requirements for an unsecured business loan in Two Rocks of between $5K to $100K are quite minimal.
Are you looking for additional funding? Take a look at the eligibility requirements for our $100K to $500K company loans.
The requirements for eligibility of larger Two Rocks business loans of between $100K and $500K are:
You are looking for a lesser amount of funding? Take a look at the conditions for eligibility for our $5K to $100K Two Rocks unsecured company loans.
A Two Rocks unsecured loan is ideal to use for every business purpose. Get in touch with us today.
Are you looking to start one of these options as early as tomorrow? Then get in touch with us or send your application online for the quickjest fasted way.
All you need for starting is your contact information (the name of your company, your name, email or phone number) along with the amount you want to borrow, and your monthly income.
During the process and before settlement we will require confirmation of who you are, but not for starting:
In addition, once we have started when it comes to loans greater than $150,000 you’ll also need basic financial statements:
Let’s get started.
With banks and traditional lenders increasing their credit requirements, the steady stream of non-bank and alternative loan providers entering the market provides an incredible source for you to take advantage of.
Two Rocks SME’s are now in a position to obtain finance via other lenders in Two Rocks who are focused on enabling business growth or smoothing the cash flow problems. The past was when personal credit sources (drawing equity from the home loan, or by using credit cards in addition to personal loans and loans) could be the best alternative funding services for Two Rocks that were available.
There is now there is no requirement of having to rely on using real estate to secure company loan. With an unsecured loan business financing is now easy. Instead of a traditional term loan from banks, business finance for a small business with interest rates and loan terms that help in cash flow are available as business loan options.
There are many advantages associated in separating personal from business debt.
Lower your risks, make the tax process much easier. Get started with an unsecured busines loan. Get it today.
One major benefit of keeping your private and company assets apart can be that your home isn’t required to be tied to access the funds. In the case of a business loan in Two Rocks up to $100K the security of assets won’t be required so long as the borrower meets the loan requirements.
Companies are in a stable long-term position when they have a good credit or debt ability to service.
Separating personal and company finances makes it more seamless in the event of tax time - particularly when determining what is the tax-deductible amount. The IRD has set out the requirements for evidence for claiming deductions on the tax return of a company. This is a subject that the IRD has advised specifically on.
Effective cash flow management is vital to the long-term viability for any business. By keeping your personal finances and business finances distinct, companies can easily view the situation, track and plan based on the ability to clearly determine their cash flow status.
Two Rocks unsecured loans offers amounts of between $5,000 and $100,000, with terms ranging from 3 and 24 months and cash flow-friendly repayments, which are either daily or weekly.
The application for the Small Business Loan in under 10 minutes via the internet or on the phone. You’ll receive an answer within the same day and funds may be available in just 24 hours. Traditional business loans have an interest rate per annum plus other fees and charges. This business loan is a loan that is priced upfront and 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.
The Small Business Loan can be used for almost every business need, such as cash flow management, business remodels and marketing to purchase inventory or new equipment, or as general working capital, and much more. The loan is not available for personal purposes.
The Larger Business Loan is a larger size of loan that can be used to fund company expansion opportunities. Loans range between $100,000 and $500,000 for a fixed period of up to 36 months. Repayments are either weekly or fortnightly depending on the flow of cash.
This Larger Business Loan has an Origination Fee, calculated at 2.5 percentage of the loan amount.
To qualify for a loan of this size the business needs to be trading for at least 3 years and generate an annual revenue of $700K. It is necessary to be a New Zealand Citizen (or Permanent Resident) over 18 years and have a New Zealand business (with a valid NZBN/IRD) and be able of proving at minimum 12 months of continuous trading.
A Larger Business Loan is a great option for almost all business purpose including company renovations, to purchase equipment or inventory as well as for general working capital and much more. The loan cannot be used for personal use.
Asset security is needed to access funding over $150,000. It is usually in the form of a charge against assets, which could also include registering this through the PPSR or making as a caveat.
A personal or director’s guarantee is a guarantee to pay off a credit line that is general in nature, rather than stating security over a particular asset. The person signing the ensure is personally liable if the company lender is not able to make the repayment.
The Personal Property Securities Register (PPSR) is a central, national online register operated by the New Zealand Government. It lists security interests that are that are registered for personal property (including the assets or goods). The PPSR gives preference over private property assigned depending on the date that a security interest that is registered.
The caveat can be described as a formal document filed to offer an official notice of a claim against a property.
If you’re requesting the Larger Business Loan of more than $250,000 we can offer a preliminary pre-approval to help make the process. We may be able to apply for this without a credit check and within six hours of your initial application. This pre-approval is made based on an initial assessment, which involves the answer to a series of financial health questions. This is neither an offer nor a guarantee of funds. Unconditional approval is subject to an exhaustive credit evaluation, and any offer you receive could be on different terms.
You are eligible to apply for a company loan if you;
The application process is simple and simple. Just complete the online application in just a few minutes, and a dedicated company lending specialist will be in touch to assist you.
For a loan of up to $100,000, you’ll require proof of identity (valid Driver’s Licence) and a valid NZBN/IRD as well as at least 6 months of bank statements.
Otherwise, for larger loan sizes, you’ll also require:
$100K-$250K: Application requirements, including credit consent, 6-12 months of IRD statements, bank statements (if you have a loan of more than $150K).
$250K – $500K: Information on the application including credit consent, 12 months bank statement, an IRD statements as well as the two most recent years’ financial statements, plus interim financials from the current financial year including Aged Payables, Aged Receivables summary.
For an unsecured loan ($5K to $100K) We can usually offer an answer in just one hour if you submit your request at standard business times and you allow us to utilise the bank verification system link to instantly verify your bank details online. If you decide to send us copies of your bank statement, we’ll provide the decision within just 1 business day.
For Larger Business Loans ($100K or more) we could be able to offer you with a conditional pre-approval in around 6 hours. After you’ve signed your pre-approval form, it will take approximately 2-3 days to receive final approval. However, this could be shorter based upon the circumstances for each application. Some transactions have received approval in the space of 24 hours.
The quickest method can be ensure you apply during standard business hours. You can also permit us to use the advance bank verification to instantly check your bank’s information online. If you decide to upload the copies of bank statements it takes a bit longer.
For the Small Business Loan ($5K and up) We can usually offer an answer within one hour, provided you make your application within normal business times and allow us to use the advanced bank verification system link to instantly verify your bank’s information online. If you decide to upload copies of your banking statements we can provide the decision in as little as the span of one business day.
If you are applying for Larger Business Loans ($100K and up) we may be in a position to offer you with conditional pre-approval within about six hours. After you’ve signed the pre-approval form, it will take approximately 2-3 days to receive final approval. However, it could be faster based upon the circumstances for each application. Certain offers have been approved within 24 hours.
The fastest method can be ensure you apply during standard business hours, and let us use the advanced bank verification system link to instantly confirm your bank details online. If you decide to upload duplicates of your banking statements, it may take a bit longer.
We provide loans that range from $5,000 to $500,000. When you make an application for a particular amount, we take into consideration a range of elements in order to assess the well-being of your company and the amount of payments your business can support. The amount you receive from the loan will be determined by the particular circumstances for your business.
When you make an application for a particular amount, we look at a range of aspects to assess your well-being of the company and the amount of the repayments your business is able to afford. The total amount of your loan will depend on the specifics that are unique to your business.
If you decide to apply for one of our business credit, we will assess the risk assessment the company and provide you with a customised offer, including the amount of the loan, the duration and interest rates. It is a company loan is an upfront cost loan which means you know in advance the total amount payable including any costs, fees, or interest rates.
The interest rates on company loans rates depend on a variety of factors like the amount of money that is borrowed, what business assets the funds are used to purchase in addition to the industry that the company operates in, how long the company has been in operation as well as what percentage of the company has enough cash flow to pay for the loan, as well as the overall well-being as well as creditworthiness business.
There are no hidden fees with our business loans. You’ll know precisely what you’ll need to pay, and when, starting from the first day. There’s no compounding interest, and no additional fees (as long as you are able to make your payments in time).
We do not charge an Application Fee. You are able to make an application for loans no cost upfront or any obligation to sign up.
The Origination Fee is the cost associated in establishing and managing the loan. The only way to pay this fee if you choose to proceed with the loan. The Origination Fee for us is 2.5 percent of the amount of the loan.
You may choose to pay back all of your loan in full at any time.
If you decide to take this route, please call our helpful business loan specialists. They will provide you with the details of your repayment as well as an early payout amount. It will be calculated using the total of the principal remaining and accrued interest to the time of early payment plus 1.5% of the remaining principal and any outstanding fees.
To make sure you do not miss repayments and to fit in your cash flow schedule, we offer repayments that are either daily or weekly. They will be automatically deducted from your nominated company account.
The security of your personal information, as well as being upfront about the ways we gather, use, exchange and safeguard your data, is crucial and an integral aspect of our relationship with you.
Yes. We utilise industry-recognised encryption standards to protect your sensitive, personal financial and other data. Our funders are ISO 27001 qualified for our commitment to protecting the security of customers and security. We use an advanced bank verification system that allows you to instantly confirm your bank account information online. This allows us to offer quick responses.
Asset-based borrowing is when the business owner makes use of an asset they own to make a loan. The asset can be an individual asset, such as the family home or an business asset such as a truck or other piece of machinery.
The vast majority of lenders, even the banks with the biggest size, prefer to guarantee loans against an asset. If you’re having trouble paying back the loan, then the asset might be sold by the lender. In essence it is a way of securing new funding making use of the value of what you already own.
For loans up to $150K no asset security is required before you are able to access the money but we require a personal guarantee. need the personal guarantee. So long as you comply with the loan terms (as detailed in your loan contract) the security of assets is not required. For loans that exceed $150K, generally there is an individual ensure and security in the form a charge over assets.
We can’t assist with an unsecure business loan in these types of industries, we may be able assist with a secured business loan.
