A Two Rocks unsecured business loan is quick and easy to get. Get a quick apporval and start using the funds in your business.
What to expect:
The criteria for eligibility for an unsecured business loan for a company loan Two Rocks are fairly minimal.
Call Now 1300 124 298Making an application for a business loans for company in Two Rocks with us is simple and only takes some minutes, without lengthy forms or lines.
Get approved and receive your funds within one to two business days.
Our goal is to assist Two Rocks companies of all sorts small, medium even solopreneurs to access funds quickly so that they can utilise the loan to expand and grow.
The eligibility requirements for an unsecured business loan in Two Rocks of between $5K to $100K are quite minimal.
Do you need more money? Take a look at the eligibility requirements for our $100K-$500K business financing.
The criteria to be eligible for the larger Two Rocks company loans of between $100K and $500K consist of:
Do you need a smaller amount of money? Check out the conditions for eligibility for our $5K-$100K Two Rocks unsecured business loans.
A Two Rocks unsecured loan is ideal for virtually any company reason. Get in touch with us today.
Do you want to start working on one of these options as early as tomorrow? Get in touch with us or apply online now to apply the fastest, most convenient way.
All that’s required for starting is your contact information (the name of your company and your name, as well as email and phone) and the amount you want to borrow, and your monthly earnings.
In the course of the process and before settlement we will need confirmation of who you are but not to get started:
In addition, once we have started, for loans that exceed $150,000, you’ll need basic financial statements.
Let’s get started.
In the wake of traditional lenders and banks restricting credit as well as the continuous stream of non-bank and alternative loan providers that are entering the market offers an excellent source for you to tap into.
Two Rocks SME’s are now in a position to obtain finance via alternative lenders who service Two Rocks who are focused on facilitating business growth or smoothing out the cash flow problems. The past was when private credit options (drawing equity from the house loan, or using credit cards and personal loans as well as the overdraft) was the sole alternative funding solutions in Two Rocks that were available.
There is now an end to the need to rely on real estate to secure business credit. With an unsecured loan business financing is now easy. Instead of a term loan through the bank, business finance for an SME with interest rates and loan terms that help with cash flow is available as business loan options.
There are substantial benefits associated in separating personal from company debt.
Reduce your risk, and make tax times easier, get started with an unsecured busines loan. Make an application today.
The main benefit of keeping your business and personal company assets separate can be that your house does not have to be tied for access to the money. In the case of a business loan within Two Rocks up to $100K asset security won’t be required as long as the borrower is able to meet their loan obligations.
Businesses will be in a advantageous long-term situation if they have a good credit or debt ability to service.
A separation between personal and business financial accounts makes it more straightforward with regards to tax time, particularly when identifying what is the tax-deductible allocation. Particularly when determining what is the tax deductible allocation. IRD has set out the requirements for evidence in order to deduct deductions from an individual’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 in any company. By keeping personal and business finance separate, companies can easily view the situation, track and plan based on their ability to easily determine their cash flow status.
Two Rocks unsecured loans provides amounts between $5,000 and $100,000, with terms ranging from 3 and 24 months, cash flow friendly repayments that are either per day or weekly.
The application to your Small Business Loan in under 10 minutes over the phone, receive an answer within the same day and the money could be on your account within 24 hours. Traditional company loans are based on an annual interest rate plus other fees and charges. This business loan is a loan that is priced upfront and you’ll know ahead of time the total amount due, which includes any fees, interest or charges. This is then broken down into either a daily or weekly installment amount.
It is a Small Business Loan can be used for nearly any company reason, such as managing cash flows, company remodeling, marketing for purchasing inventory or new equipment, to fund general working capital and so much more. The loan cannot be used to fund personal expenses.
The Larger Business Loan is a larger loan size to support business expansion opportunities. Loans are between $100,000 and $500,000 over a fixed term that can last up to 36 months. Repayments are scheduled weekly or fortnightly, depending on your situation.
A Larger Business Loan has an Origination Fee, determined at 2.5 percent of the amount of the loan.
To qualify for a loan in this amount the business needs to have been operating for at least three years and generate an annual revenue of $700,000. You must 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 demonstrate at least 12 months of trading.
A Business Loan of a larger size can be used for nearly every company need, including business renovations, to purchase inventory or new equipment, as general working capital and so much more. The loan is not available for personal use.
Asset security is necessary to obtain funding above $150,000. It is usually by way of charge over assets and can include the registration of this with the PPSR or registering a caveat.
A personal or director’s ensure is a guarantee to pay back a loan that is generally in nature rather than defining security over an asset. The person who is signing the ensure is personally liable in the event that the company lender is not able to re-pay the debt.
The Personal Property Securities Register (PPSR) is an online central register that is operated by the New Zealand Government. It lists security interests that are which are registered with respect to personal property (including the assets or goods). The PPSR gives priority over personal property to be granted depending on the date that a security interest that is registered.
An affidavit is an official form of document to offer notice of a legal claim on a property.
If you’re seeking larger business loans that exceeds $250K it is possible to offer an initial pre-approval to simplify the process. It is possible to make this decision without a credit check, and within six hours of your initial application. The pre-approval is based upon an initial assessment, which involves the answer to a series of financial health questions. It is in no way an offer, nor is it a guarantee of credit. Unconditional approval is subject to an assessment of your creditworthiness and any offer that you might receive could be subject to different terms.
You can apply for an business loan if you;
The application process is simple and easy. Simply complete the online form in few minutes and an experienced business expert in lending will be in touch to guide you through the process.
To be eligible for up to $100,000, you’ll require identification details (valid Driver’s License), an NZBN/IRD that is valid and at least six months worth of bank statements.
Otherwise, for larger loan sizes, you’ll need:
$100K – $250K: Application requirements, including credit consent, 6 – 12 months of IRD statements, bank statements (if loan above $150K).
$250K-$500K: Application details including credit consent, 12 month bank accounts, the IRD statements Last 2 years’ finalised financial statements, as well as interim financials from the current financial year as well as Aged Payables and Receivables summaries.
For an unsecured loan ($5K or more) we usually provide an answer in just one hour – as long as you submit your request during quality company times and you allow us to utilise the bank verification system to instantly verify your bank’s information online. If you opt to submit copies of your bank statements , we will be able to offer an answer in as little as the span of one business day.
For the Larger Business Loan ($100K or more) we could be likely to provide you with a conditional pre-approval within about six hours. Once you’ve signed the pre-approval, turnaround times are between 2 and 3 days for the final approval. However, this could be shorter based on the particular circumstances of each application. Certain agreements have been approved within just 24 hours.
The fastest way would be to make sure you apply during standard business hours and permit us to use the advanced bank verification system link to instantly confirm your bank details online. If you choose to send us copies of your bank statements it takes a bit longer.
For the Small Business Loan ($5K up to $100,000) we can often provide a response in one hour – provided you make your application within normal business times and you allow us to make use of the advanced bank verification system to instantly verify your bank’s information online. If you opt to submit copies of your bank statement, we’ll provide the decision in just 1 business day.
For Larger Business Loans ($100K to $500K) we may be in a position to offer you with a conditional pre-approval within about 6 hours. Once you have signed the pre-approval document, you will require to wait around 2-3 days for final approval. However, this may be quicker depending on the particular circumstances of each application. Some agreements have been approved in just 24 hours.
The fastest way can be ensure you apply during standard business hours. Also, let us use the modern bank verification to check your bank’s information online. If you choose to send us documents from your account accounts, it takes a bit longer.
We offer loan amounts between $5,000 and $500,000. When you submit an application for a specific amount we take into consideration a range of aspects in order to assess what is the health of the business and the level of payments your company can afford. The total amount of your loan will be contingent on the specific circumstances for your company.
When you make an application for a set amount, we look at a range of factors to assess the health that is your company and the amount of repayments that your business will be able to support. The amount you receive from your loan will be determined by the particulars that are unique to your company.
When you request business loans with us company credit, we’ll assess the risk assessment the company and provide you with a tailored offer that includes the amount of the loan, the duration and interest rates. This company loan is an upfront cost loan therefore you will know in advance the total amount payable including any interest rates, fees or charges.
The interest rates on business loans rates vary due to factors such as the amount that is borrowed, what business assets the funds will be used for, the industry the business is operating in, how long the business has been operating and what percentage of the business has sufficient cash flow to cover the loan, and general health or financial standing of the business.
There are no hidden fees with our company loans. You’ll know precisely what you need to pay and at what time, from the day you sign up. There’s no compounding interest, and there are no additional charges (as long as you make your payments punctually).
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 includes the expenses associated in establishing and managing the loan. This is only a cost if you take out the loan. Our Origination Fee is 2.5% of the amount of the loan.
You can decide to repay the total amount of your advance loan at any time.
If you decide to do this please call our helpful company loan specialists. They will offer you with details on repayment and an early payment figure. This will be calculated as the total of the remaining principal amount and any accrued interest at the time of the early payout and 1.5 percent of the remaining principal plus any outstanding fees.
In order to help you avoid missing due dates and also to be in line with your cash flow cycle we provide payments that are either daily or weekly. These are automatically withdrawn from your nominated business account.
Protecting your information, and knowing how we collect, use, exchange and safeguard your data, is of huge importance and an integral part of our relationship with you.
Yes. We make use of industry-standard encryption techniques to protect your personal, sensitive financial information and our funders are ISO 27001 certified for our commitment to protecting the security of clients and privacy. We use an advanced bank verification system link to immediately verify the bank account details online to provide an immediate response.
The term "asset-based" refers to borrowing where the business owner uses an asset they own to make the loan. The asset could be a personal asset like the family home, or an company property like a truck or other piece of machinery.
The vast majority of the lenders even the big banks, tend to guarantee loans against assets. If you’re struggling to pay back the loan, the asset could be offered for sale by the lender. In essence, it is an opportunity to secure new financing making use of the value of what you already have.
For loans up to $150K no asset security is required in advance to gain access to the funds However, we require a personal guarantee. require an individual guarantee. So long as you comply with your loan obligations (as detailed in the loan contract) the security of assets will never be required. For loans over $150,000 generally there is the option of a personal ensure and security that is in the form charges on assets.
We can’t assist with an unsecure business loan for the above industries, we might be able to help you with a secured business loan.
