Unsecured Business Loans
Wellington

If You Do This Today, You'll Have Everything You Need to Be Successful WithThe Help Of a Wellington Business Loan

Unsecured Business Loans Wellington

A Wellington unsecured business loan is quick and simple in applying for. Request a quick approval and use the money for your company.

  • Are additional funds able to help your company with working capital or for the potential for growth?
  • How are you financing your business requirements?

What to expect:

  • Easy process to fill out and get approved and funds as soon as tomorrow
  • Optionally , no reayments during the first 4 weeks
  • Amount of loan from $5k up to $500K
  • Terms ranging from 3 to 36 month
  • Competitive rates of interest rates
  • Minimal documentation needed

The criteria for eligibility for an unsecured business loan in Wellington are fairly minimal.

I am now able to make espresso for clients with the best equipment.
Cafe Owner
Business loans, specifically an unsecured business loan or line of credit for business funding need to not become a stressful process. Finance for a company in the shape of small business loans with an interest rate cost, and with a repayment term that fits your business budget.
Business Lenders for Business Goals
Business business loans, interest rates and repayment terms, as well as flexible repayment options to fit your company requirements.
Business Lending Options
An easy loan application process that comes with a high borrowing limit, minimal requirements for credit and no need to submit a business plan. Don't use your personal credit card and business credit cards to fund your company.
Unsecured Loans Made Simple
I'm now able to go on an extended vacation knowing that I am confident that my Wellington business will run without a hitch.
Local Business Owner
I'm now able hire a marketer to increase the success of my business to the next level.
Growing Wellington Business
I am now able to fund the remodel of our brand modern Wellington resturant without having to pull cash from the other restaurants.
Wellington Resturant Owner
I can get my tax back in order.
Small Business Owner
Unsecured Business Loan Service Provider

Fast Approval Process

The process of applying for a company loan in Wellington with us is simple and only takes a few minutes, no mountains of paperwork or queues.

Approved and receive funds in 1 to 2 company days.

Helping Business Owners Looking for an Unsecured Loan

People Choose Us Because We Get Results

We are aiming to assist Wellington companies of all sorts small, medium even entrepreneurs to obtain money quickly, so that they can utilise the loan to expand and grow.

  • It starts with an easy online application or phone call
  • Flexible repayment terms to meet the requirements of your business
  • Quick funding in a day or two days
  • A team of people who want for you as well as your company to succeed
Simple eligibility checklist

Small Business Loan Eligibility Criteria

The criteria for eligibility for an unsecured business loan in Wellington of between $5K and $100K are pretty minimal.

  • Minimum of 6 months in business
  • At least $6,000 of revenue per month
  • You must be a New Zealand based business with a New Zealand Business Number (NZBN)
  • Passport or
  • Driver’s License to serve as proof of identity
  • Use a New Zealand bank as your primary account for trading
  • Bank statements from the last 6 months

Looking for more funding? Check out the conditions of eligibility for our $100K to $500K business loan.

Here's How Others Have Benefited

Examples of Business Loans

A plumber who has had business for three years and has $80K in monthly sales was looking for more funding. They took out a loan of $153K for a 36 month term. The only thing needed was 12 months of bank statements as well as confirmation of the loan's status with IRD. The process was completed within one day, and the plumber got their extra working capital available in their account within a short time.
Plumber
A gym that had been running for more than three years, was planning to expand and required additional equipment. With monthly revenue of $37K they borrowed $72K over a month period. There was no security requirement and the loan was settled in only 24 hours.
Gym
After purchasing a pizza restaurant and two liquor stores six to 12 months earlier the new owners were seeking additional cash. The overall revenue was $500k per month. They were able to obtain $300K and split it into $100K for each store, with two different 24 and 36 month terms. No security over the owners houses was required.
Owner of a Pizza Store & 2 Liquor Stores
A restaurant owner wanted to open a second establishment and required funds to installation. Their bank was not interested in helping. The average monthly income for them was $50K and they were able borrow $66K over the course of 24 months. Turnaround was only 8 hours.
Restaurant Owner
A business coach was looking to invest in a well-being and cosmetics business. With just over $12K in monthly revenue, they borrowed $24K over 24 months. This required 12 months of bank statement and was done in 8 hours.
Business Coach
Simple eligibility checklist

Larger Wellington Business Loan Eligibility Criteria

The criteria for eligibility to be eligible for the larger Wellington business loans of between $100K to $500K comprise:

  • Minimum of 3 years in business
  • At least $700K of annual revenue
  • Be a New Zealand based business with an New Zealand Business Number (NZBN)
  • Drivers Licence or Passport for evidence of identity
  • You should have an account at a New Zealand bank as your principal account for trading
  • Bank statements from the previous six months
  • Certain financial statements include Profit & Loss and Aged Accounts Payable and Receivable

Do you require a smaller amount of money? Check out the conditions for eligibility for our $5K-$100K Wellington unsecured company loans.

Business Lending for a Cash Injection

What do you want to use the business loan in Wellington for?

A Wellington unsecured loan is perfect for almost every company purpose. Call us now.

  • Renovate or expand commercial properties
  • Staff expansion for busy periods
  • Grow stock quantities to keep up with demand
  • Create a new site or enhance your marketing
  • Put money into new tools, equipment or technological advancements
  • Purchase extra stock to cover the seasonal demand
  • Control cash flow fluctuations
  • And many more …

Want to get started on one of these projects as soon as tomorrow? So, contact us today or send an application online to apply the fastest, most convenient way.

Quick application checklist

What do you need to apply

All that’s required to begin is your contact details (company name and your name, as well as email, phone) along with the amount you’d like to lend, and your monthly income.

Through the process and before settlement we’ll require confirmation of your identity but not before we can begin:

  • Idenfication information (valid Driver’s Licence)
  • Details of the business including time of trading owner details, trading time, as well as details of ownership and trading time, as well as NZBN (New Zealand Business Number)

Once we’ve started in the process, for loans that exceed $150,000, you’ll also require basic financial statements.

  • P&L statement
  • Aged payables
  • Aged receivables

Let’s get started.

Here's How Others Have Benefited

Examples of Business Loans

With the busy holiday season approaching, a clothing store required additional working capital to purchase more inventory and benefit from discounts offered by suppliers. They borrowed $20K over 12 months without asset security required and had the funds in 24 hours.
Clothing Store
A plumber who's been in business for three years and has the monthly revenue of $80K was looking for additional funding. They took out a loan of $153K for the course of 36 months. All they needed was 12 months of bank statements as well as confirmation of the loan's status with IRD. The process was completed within one day, and the plumber received their additional working capital in ther account within a short time.
Plumber
A restaurant owner was wanting to open a second restaurant and required funds to installation. The bank they approached wasn't interested in helping. The typical monthly income for them was $50K and they borrowed $66K over the course of 24 months. It took only 8 hours to get access to the funds.
Restaurant Owner
A company coach was seeking to invest in an health as well as beauty business. With just a little more than twelve thousand dollars in monthly income the business was able to borrow $24K over 24 months. This only required 12-month bank statement and was done in 8 hours.
Business Coach
A gym that had been going for nearly 3 years, was planning to expand and needed more equipment. With a monthly income of $37K, they borrowed $72K over a 24- month period. No security was required for the loan and it was ready to go in 24 hours.
Gym

The lending landscape has changed

With traditional lenders and banks increasing their credit requirements The steady flow of non-bank and alternative loan providers that are entering the market offers the perfect source for you to access.

Wellington SME’s are now being able to get finance from alternative lenders who service Wellington who are focused on enabling company expansion or smoothing cash flow challenges. In the past, when private credit options (drawing equity from the house loan, or by using credit cards in addition to personal loans and loans) was the sole alternative financing solutions for Wellington that were around.

There’s an end to the requirement of having to depend on real estate to secure company loan. With an unsecured loan business financing is easy. Instead of a traditional term loan from banks, business finance for an SME with interest rates and loan terms that can help with cash flow are available as business loan options.

High level summary

Separate personal and business debt

There are many advantages associated by separating personal and business debt.

  • Your home or other investments, aren’t tethered to allow access to funds
  • The business stands in more favourable position to build its own, solid credit history
  • It is much more straightforward during tax time
  • Businesses can easily view their cash flow, monitor and plan based on being able to clearly assess their cash flow position

Lower your risks, make your tax time easier, get started with an unsecure busines loan, apply today.

For those who like the detail

Separate personal and business debt

Risk

One big drawcard for keeping your individual and business assets apart will be the fact that your home isn’t required to be tied to allow access to the funds. In the case of a business loan within Wellington up to $100K, asset security will not be required so long as the borrower meets their loan obligations.

Credit history

Businesses are in a more favourable long-term financial position if they can demonstrate good credit/debt ability to service.

Tax

It is important to separate personal from business finances makes it much more seamless when it comes to tax time, particularly when identifying what is the tax deductible allocation. Particularly when determining what is the tax deductible allocation. IRD has laid out guidelines for the documentation required for claiming deductions on an organisation’s tax return. This is an area that the IRD have specifically advised on.

Cash flow

Effective management of cash flows is crucial to the long-term viability in any company. Through keeping personal and company finances separate, companies can easily view their cash flow, plan and monitor it based on the ability to clearly determine their cash flow status.

I'm now able to hire an experienced marketer to help me boost my business to the next stage of business growth.
Growing Business
I can now fund the remodel of our brand newly constructed Wellington resturant without having to take cash from other resturants.
Wellington Resturant Owner
Business loans, in particular one that is an unsecured business loan or line of credit to business funding need not be a stressful procedure. Business finance in the form of small business loans at an interest rates and repayment time that is suitable for the requirements of your company cash flow.
Business Lenders for Business Goals
Business credit rates and repayment conditions, and flexible repayment options to suit your business requirements.
Business Lending Options
An easy loan application process with a huge amount of borrowing capacity, a low credit criteria and there is no requirement to submit a business plan. You no longer need to use your personal credit card or business credit cards to fund your business.
Unsecured Loans Made Simple
I'm now able make espresso for customers with the best equipment.
Cafe Owner
I'm able to get my taxes back in order.
Small Business Owner
I am now able to take an extended vacation knowing that I am confident that my Wellington business will run without a hitch.
Local Business Owner
FAQ: business lending & business loans for business owners

Business Loans Frequently Ask Questions

About The Wellington Small Business Loans

Tell me more about Wellington Small Business Loans

Wellington unsecured loans provides amounts of between $5,000 and $100,000. Terms range from 3 and 24 months and cash flow friendly repayments that are either daily or weekly.

How is the Unsecured Loan different from the traditional company loan?

It is possible to apply for the Small Business Loan in under 10 minutes over the phone, receive an immediate response, and the money could be on your account within 24 hours. Traditional business loans reference an interest rate per annum together with additional fees and charges. We offer a business loan is a loan that is priced upfront and you’ll know in advance the total amount to be paid, including any fees, charges or charges. Then, it is broken down into either a daily or weekly repayment figure.

What could be the Small Business Loan be used for?

It is a Small Business Loan can be used for almost any company reason, such as cash flow management, business remodeling, marketing to purchase inventory or new equipment, to fund general working capital and much more. The loan is not available for personal purposes.

About larger Wellington Business Loans

What is the Larger Wellington Business Loan?

The Larger Business Loan is a larger loan size to support company expansion opportunities. Loans range between $100,000 and $500,000 for a fixed period of that can last up to 36 months. Repayments are either weekly or fortnightly depending on you cashflow.

How’s the Origination Fee calculated?

The Larger Business Loan has an Origination Fee, determined at 2.5 percent of the loan amount.

Am I eligible for the Larger Business Loan?

In order to be eligible for a loan that is this large, your business needs to be in operation for at least 3 years, and have an annual income of $700,000. It is necessary to be a New Zealand Citizen (or Permanent Resident) with a minimum age of 18 years old, own a New Zealand business (with a valid NZBN/IRD) and be able demonstrate at minimum 12 months of business.

How can the funds be used for?

A large company loan can be used for nearly every business reason, such as business improvements, purchasing inventory or new equipment as well as for general working capital and so much more. The loan cannot be used for personal use.

Is the Larger Business Loan a secured loan?

Asset security is necessary to access funding over $150,000. It’s in the form of a charge against assets, which could also be registered on the PPSR or the registration of as a caveat.

A personal or director’s guarantee is a commitment to pay back a loan that is generally in nature rather than stating security over a particular asset. The person who is signing the ensure is personally responsible if the business the borrower fails to re-pay the debt.

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 objects or assets). The PPSR allows priority over personal property to be assigned according to the date a registration of a security interest.

A caveat is a legal document filed to offer the public notice of a legal claim against a property.

What exactly is a preapproval without Credit Check?

If you’re requesting a Larger Business Loan that exceeds $250,000 we can offer a preliminary pre-approval to help make the process. It is possible to apply for this without a credit check and within 6 hours of your initial application. This pre-approval is made based on an initial evaluation that involves you answering some financial health questions. It’s not an offer or guarantee of funds. A conditional approval is subject an extensive credit evaluation and any offer you are offered could be based on different terms.

Application process

Are I eligible for funding?

You may apply for an business loan if you;

  • are a New Zealand Citizen (or Permanent Resident)
  • are over 18 years, have a New Zealand business (with a valid NZBN/IRD)
  • you must prove at least 6 months of business (for you to qualify for unsecured loan $5K – $100K) or three years of trade (for the Larger Business Loan $100K up to $500K)

How do I apply?

The application process is simple and easy. Simply complete the online form in just a few minutes, and a dedicated company expert in lending will contact you to assist you.

To apply for up $100,000, you’ll require proof of identity (valid Driver’s Licence) along with a valid NZBN/IRD and at least 6 months of bank statements.

In addition, for larger loan sizes, you’ll require:

$100K to $250K: Application requirements, including credit consent, 6 – 12 months of IRD statements, bank statements (if the loan is greater than $150K).
$250K-$500K: Application details including credit consent and 12 months of bank records, IRD statement Last 2 years’ finalised financial statements, and interim financials for the current financial year including Aged Payables, Aged Receivables reports.

What speed will I be able to get an answer?

For an unsecured loan ($5K or more) we can often offer an answer in just one hour, provided you apply during standard business timings and allow us to utilise the advanced bank verification system link to instantly verify your bank’s information online. If you want to upload copies of your bank statements we can offer the decision within an company day.

For Larger Business Loans ($100K up to $500,000) we could be capable of provide you with conditional pre-approval in about 6 hours. Once you have signed the pre-approval, the turnaround time is around 2-3 days for final approval. However, it could be faster based upon the circumstances for each application. Some deals have been approved in just 24 hours.

The fastest way would be to ensure you apply during standard business hours. Also, allow us to use the modern bank verification to instantly check your bank’s information online. If you choose to upload the copies of bank accounts, it can take a bit longer.

What is the time frame to receive the cash?

For the Small Business Loan ($5K or more) we can often offer an answer within one hour – as long as you apply during normal business hours and you allow us to use the advanced bank verification system to instantly verify your bank details online. If you opt to upload copies of your banking statements we can provide a decision in as little as 1 business day.

If you are applying for Larger Business Loans ($100K to $500K) we could be likely to provide you with a conditional pre-approval within about 6 hours. After you’ve signed the pre-approval, the turnaround time is approximately 2-3 days to receive final approval, however this can be faster depending on the specifics of each application. Some offers have been approved within 24 hours.

The most efficient method for you to apply is make sure you apply during normal business hours. Also, allow us to use the sophisticated bank verification to instantly verify your bank account information online. If you choose to upload copies of your bank statement, it may take a bit longer.

How much can I borrow?

We offer loans ranging from $5,000 to $500,000. If you apply for a certain amount we look at a variety of elements that determine how much we can lend you well-being that is your company and the level of repayments that your company will be able to support. The total amount of your loan will be contingent on the specifics for your company.

When you make an application for a certain amount, we look at a range of factors to determine your well-being of the business and the amount of payments your business is able to afford. The total amount of your loan will be determined by the specific circumstances for your company.

Fees & repayments

What is the cost for an business loan?

If you decide to apply for business loans with us business financing, we will assess the risk assessment of your business and offer you with a customised offer including the loan amount, the terms and the interest rates. This company loan is a loan that is priced upfront so you will be aware of the total amount you will have to pay, including interest rates, fees or charges.

What determines the rate that I will be charged?

Business loan interest rates depend on a variety of variables like the amount to be that is borrowed, what company assets the funds are used to purchase as well as the field the company is operating in, how long the company has been running for, in the event that the company has enough cash flow to support the loan, as well as the general well-being or financial standing of the business.

What are the costs?

There are no hidden costs for our company loans. You’ll know precisely how much you need to pay, and when, from the very first day. There’s no compounding interest, and the loan comes with no additional fees (as long as you make your payments in time).

We don’t charge an Application Fee. You can apply for a loan with absolutely no upfront cost and no obligation to proceed.

The Origination Fee is the cost associated with establishing and managing the loan. The only way to pay this fee if you proceed with the loan. Our Origination Fee is 2.5 percentage of the amount of the loan.

Can I pay out the loan early?

You may choose to pay back the total amount of your loan early at any time.

If you choose to do this please talk to one of our helpful company loan experts. The specialists will offer you with details on repayment along with an early payout estimate. This is calculated as the total of the principal balance and any accrued interest at the date of early payout, plus 1.5% of the principal balance and any outstanding fees.

How do you make repayments work?

To ensure that you don’t miss payment dates and to align with your cash flow standard, we offer repayments either weekly or daily. They will be automatically deducted from your business account.

Security & privacy

Will my information be secure?

Making sure that your information is secure, and being transparent about how we collect the information we collect, use, share and ensure the security of your information is of paramount importance and a vital element of our relationship with you.

Is it safe to link my bank account to the platform?

Yes. We make use of industry-standard encryption protocols to safeguard your personal, sensitive as well as financial data. Our funders are ISO 27001 qualified for our dedication to protecting the security of clients and privacy. We make use of an advanced bank verification system to immediately confirm your bank account information online to offer an immediate response.

About business loans

What is asset-based borrowing (a secured loan)?

Asset-based borrowing is when an company owner borrows from assets they own to get the funds for a loan. The asset could be an asset belonging to the personal, like the family home, or it could be a company asset such as a vehicle or other piece of machinery.

The majority of lenders, even the major banks, prefer to secure loans against assets. If you’re having trouble paying back the loan, the asset could be offered for sale by the lender. In essence, it is an opportunity to secure new financing by using the value of what you already have.

Are I require security to get a business loan?

For loans of up to $150,000, it is not necessary to secure assets in advance to gain access to the funds, however we do require an individual guarantee. So long as you comply with your loan commitments (as specified in your loan contract), asset security will never be required. For loans that exceed $150,000, typically, you will need a personal guarantee and security in the form the charge of assets.

Industries we currently aren't able to help with

  • Adult related industries
  • Auction houses or auction websites
  • Debt purchasers & debt collection firms
  • Direct marketing such as direct-mail, mail order, fundraising, telemarketing etc
  • Finance lenders or institutions
  • {Firearm businesses
  • Foreign currency exchange solutions
  • Customs clearing houses & freight forwarding
  • Business involved with gambling
  • Non-profit organisations such as charities, churches etc.
  • Panel beaters & smash repairers
  • Pawnbrokers & pawn shops
  • Property developers
  • Shares, stockbrokers or investment businesses
  • Tattoo studios
  • Taxi & ride sharing services
  • Entertainment sales and ticket resellers
  • Towing services
  • Used vehicle dealerships
  • Car glass tintingfirms
  • Automotive wrecking yards

Although we can’t help with an unsecure business loan in those industries, we might be able assist with a secured business loan.

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Wellington Business Loans Services

Unsecured Business Loans

Unsecured Business Loans

Eligibility Requirements

Eligibility Requirements

Apply Now

Apply Now

Contact Us

Contact Us

Contact Us

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0800 453 358