A Willagee unsecured business loan is quick and simple to get. Request a quick approval and use the money for your company.
What to expect:
The criteria for eligibility for an unsecured business loan within Willagee are fairly minimal.
Call Now 1300 124 298Applying for a business loans in Willagee with us is easy and takes only about a couple of minutes, there are no lengthy forms or lines.
Approved and receive funds in 1 to 2 business days.
We want to assist Willagee companies of all kinds, from small to medium-sized entrepreneurs to obtain money quickly, so that they can use the loan to build and expand their business.
The requirements for getting an unsecured business loan in Willagee of between $5K and $100K is fairly low.
Do you need more money? Check out the conditions of eligibility for our $100K to $500K company financing.
The criteria for eligibility for loans from larger Willagee company loans of between $100K and $500K are:
You are looking for a lesser amount of funds? Check out the eligibility requirements for our $5K-$100K Willagee unsecured company loans.
A Willagee unsecured loan is perfect for virtually any company purpose. Contact us now.
Want to get started on one of these options as early as tomorrow? Contact us now or apply online to get the fastest and most effective process.
All that’s needed to start is your contact details (the name of your company, your name, email or phone number) along with the amount you’d like to borrow and your monthly earnings.
While in the process and before settlement we will require confirmation of your identity however, not in order to begin:
After we start in the process, for loans over $150,000 you will also require basic financial statements.
Let’s get started.
With traditional and bank lenders increasing their credit requirements, the steady stream of non-bank and alternative loan providers entering the market offers the perfect source for you to tap into.
Willagee SME’s are now in a position to obtain finance via alternative lenders who service Willagee who are focused on facilitating business growth or smoothing cash flow issues. In the past, when individual credit providers (drawing equity from a house loan, or using credit cards or personal loans, as well as the overdraft) were the only alternative funding services for Willagee that were around.
There is now no need in the present to depend on using real estate to secure business lending. With an unsecured loan business funding is simple. Instead of a traditional term loan from a bank, business finance for an SME with interest rates and loan terms that help in cash flow are available as business credit options.
There are numerous benefits with the separation of personal and company debt.
Reduce your risk, and make tax times more simple, apply for an unsecured busines loan, apply today.
The main benefit of keeping your individual and business assets separate will be the fact that your house isn’t necessarily tied up to the funds. In the case of a business loan within Willagee up to $100K an asset security agreement will not be needed as long as the borrower meets the loan requirements.
Businesses will be in a favourable long-term position if they can demonstrate good credit/debt capability.
Separating personal and company finances makes it much more seamless when it comes to tax time - particularly when determining what is the tax-deductible allocation. The IRD has outlined the guidelines on the proof required to be able to claim deductions on an organisation’s tax return. This is an area where the IRD have specifically advised on.
Effective cash flow management is crucial to the long-term success of any business. Through maintaining personal as well as company finances separate, companies can easily view the situation, track and plan based on their ability to accurately assess their cash flow position.
Willagee unsecured loans provides amounts between $5,000 and $100,000. Terms range from 3 and 24 months, cash flow-friendly repayments that are either per day or weekly.
It is possible to apply for your Small Business Loan in under 10 minutes online or on the phone. You’ll receive an answer within the same day and funds may be in your account within 24 hours. Traditional business loans refer to an annual interest rate plus other fees and charges. The company loan is a pre-paid loan which means you know ahead of time the total amount payable including the interest, fees and charges. This is then broken down into weekly or daily payment amount.
A Small Business Loan can be used for almost every company use, including the management of cash flow, business remodeling, marketing, to purchase inventory or new equipment, or as general working capital and much more. The loan is not available for personal use.
The Larger Business Loan is a larger size loan to aid in company growth opportunities. Loans are between $100,000 and $500,000 for a fixed period of for up to 36 months. Repayments are either weekly or fortnightly to work with your situation.
A Larger Business Loan has an Origination Fee, calculated at 2.5% of the loan amount.
To qualify for a loan of this size the company needs to have been trading for at least 3 years and have an annual turnover of $700K. The applicant must also be a New Zealand Citizen (or Permanent Resident) with a minimum age of 18 years old as well as own a New Zealand business (with a valid NZBN/IRD) and be able demonstrate at minimum 12 months of business.
A larger company loan can be used for nearly every business use, including business remodeling, buying inventory or new equipment or as general working capital and so much more. The loan is not available for personal reasons.
Asset security is necessary for accessing funds over $150,000. This can be done by way of charge against assets and can be registered with the PPSR or making a caveat.
A personal or director’s guarantee is a commitment to pay off a credit line that is generally in nature rather than stating security over an asset. The person signing the guarantee is personally liable if the company lender is not able to pay back the debt.
The Personal Property Securities Register (PPSR) is an online central register operated by the New Zealand Government. It reflects security interests registered in respect of personal property (including the assets or goods). The PPSR grants prioritisation over property that is personal to be assigned in accordance with the date on which a security interest that is registered.
The caveat can be described as a formal document filed to provide the public notice of a legal claim on a property.
If you’re requesting the Larger Business Loan that is greater than $250,000 it’s possible to offer an initial pre-approval in order to smooth out the process. We may be able to make this decision without a credit check, and within 6 hours of the initial application. The pre-approval is based upon a preliminary assessment which includes you answering a few financial health checks. It is in no way an offer, nor is it a guarantee of funds. A conditional approval is subject an assessment of your creditworthiness and any offer you are offered could be on different terms.
You can apply for an company loan if you:
The process for applying is fast and simple. Just complete the online application in just a few minutes, and a dedicated company expert in lending will contact you to help you.
To apply for up to $100,000 you’ll need proof of identity (valid Driver’s Licence) along with an NZBN/IRD that is valid and at least six months of bank statements.
Otherwise, for larger loan sizes, you’ll also require:
$100K to $250K: Application details including credit approval, 6-12 months of bank statements, IRD statement (if loan above $150K).
$250K – $500K: Information on the application including credit consent as well as 12 month bank accounts, the IRD statement as well as the two most recent years’ financial statements, as well as interim financials from the current financial year such as age-related payables and aged Receivables reports.
For an unsecured loan ($5K and up) We can usually offer a response in one hour if you submit your request at standard company times and let us utilise the advanced bank verification system link to instantly verify your bank details online. If you want to upload copies of your banking statements , we’ll be able to provide a decision in as little as an company day.
For the Larger Business Loan ($100K or more) we could be able to offer you with a conditional pre-approval in about six hours. After you’ve signed your pre-approval form, it will take around 2-3 days for final approval, however this could be shorter based on the specifics of each application. Some transactions have received approval within just 24 hours.
The most effective method for you to apply is ensure you apply during standard business hours and allow us to use the modern bank verification to check your bank’s information online. If you send us documents from your account accounts, it can take a bit longer.
For the Small Business Loan ($5K and up) we usually offer an answer within one hour – provided you apply at normal business times and you allow us to utilise the advanced bank verification system to instantly verify your bank details online. If you want to submit copies of your bank statement, we’ll provide a decision in as little as 1 business day.
For the Larger Business Loans ($100K or more) we could be likely to provide the conditional pre-approval within six hours. Once you’ve signed the pre-approval, the turnaround time is between 2 and 3 days for the final approval, however this could be shorter based on the specifics of each application. Some offers have been approved in 24 hours.
The most effective method would be to make sure you apply during normal business hours. You can also allow us to use the sophisticated bank verification to verify your bank account information online. If you send us the copies of bank statements, it can take a bit longer.
We offer loans that range from $5,000 and $500,000. When you make an application for a certain amount we consider a variety of variables in order to assess your health of your company as well as the amount of repayments your company can support. The total amount of the loan will be determined by the specifics for your business.
When you submit an application for a certain amount, we look at a range of variables to determine the health of your company and the level of repayments your company is able to afford. The amount you receive from your loan will depend on the particulars that are unique to your company.
When you request the company credit, we’ll assess the risk assessment the company and offer an individualised offer, including the amount of the loan, the duration and interest rates. This business loan is an upfront priced loan which means you know in advance the total amount you will have to pay, including charges or interest.
Interest rates for business loans rates differ based on various factors such as the amount that is that is borrowed, what company assets the funds are used to purchase in addition to the industry that the business operates in, the long the business is in operation and whether the business has sufficient cash flow to pay for the loan, as well as the overall health or creditworthiness of the business.
There aren’t any hidden costs for our company loans, and you’ll be aware of the amount you’ll need to pay and when, starting from the day you sign up. There’s no compounding interest and there are no additional charges (as as long as you pay your payments in time).
We do not charge an application fee. You can request a credit loan with with no upfront cost or commitment to apply.
The Origination Fee is the cost associated with setting up and managing the loan. It is only charged for this fee if you choose to proceed with 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 advance loan at any time.
If you decide to pursue this option, please speak to our friendly business lending professionals. The specialists will offer you with details for repayment and an early payout figure. This will be calculated as the total of the principal amount remaining plus any accrued interest as of the date of early payout plus 1.5 percent of the principal balance and any outstanding fees.
To help you avoid missing payments and to work your cash flow cycle we provide repayments either daily or weekly. These are automatically withdrawn from your designated business account.
Making sure that your information is secure, and being upfront about how we collect data, process, exchange and ensure the security of your information is vital and is an essential part of our relationship you.
Yes. We use industry recognised encryption protocols to safeguard your sensitive, personal and financial data and our funders are ISO 27001 qualified for our commitment to the security of our customers as well as their security. We employ an exceptionally sophisticated bank verification system to immediately confirm your bank account information online so we can provide an immediate response.
An asset-based loan is when the business owner makes use of an asset that they own to obtain a loan. The asset can be either an individual asset, such as the family home or an company asset such as a truck or other piece of machinery.
The vast majority of lending institutions, not just the big banks, tend to secure loans against assets. If you’re struggling to pay back the loan, then your assets could be sold by the lender. In essence, it is a way of securing new funding using the value of what you already own.
Up to $150,000 in loans there is no requirement for asset security in advance to gain access to the funds however, we require a personal guarantee. need an individual guarantee. If you adhere to the loan terms (as detailed in your loan contract document) Asset security is not needed. If you take out loans in excess of $150K generally, there is an individual ensure and security in the form of charges on assets.
Although we can’t help with an unsecured business loan in these types of industries, we may be able to help you by providing a secured business loan.
