A Massey unsecured business loan is quick and easy in applying for. Approve your loan in a matter of minutes and begin using the money in your business.
You can expect:
The conditions for eligibility for an unsecured business loan within Massey are fairly minimal.
Call Now 0800 365 511The process of applying for a business loans in Massey with us is easy and takes just about a couple of minutes, there are no lengthy forms or lines.
Approved and receive funds within 1-2 business days.
We aim to help Massey companies of all sorts small, medium even solopreneurs access funds quickly so that they can take advantage of loans to build and expand their business.
The eligibility requirements for an unsecured business loan in Massey of between $5K to $100K are quite minimal.
Do you require more money? Review the guidelines for eligibility for our $100K-$500K company financing.
The criteria for eligibility to be eligible for the larger Massey business loans of between $100K and $500K consist of:
Are you looking for a lower amount of funding? Take a look at the guidelines for eligibility for our $5K-$100K Massey unsecured business loans.
A Massey unsecured loan is ideal for nearly any business need. Contact us now.
Want to get started on one of these projects as soon as tomorrow? Then get in touch with us or send your application online to get the fastest and most efficient process.
All you need to begin is your contact information (the name of your company and your name, as well as email or phone number) along with the amount you want to borrow, and your monthly revenue.
Through the process and before settlement we’ll require confirmation of your identity but not for starting:
In addition, once we have started, for loans that exceed $150,000, you’ll also require the following financial statements:
Let’s get started now.
In the wake of traditional lenders and banks tightening credit conditions, the steady stream of non-bank and alternative loan providers that are entering the market offers an excellent source to take advantage of.
Massey SME’s are now able to access finance through other lenders in Massey who are focused on enabling company growth or smoothing cash flow challenges. In the past, when personal credit sources (drawing equity from the home loan, or using credit cards in addition to personal loans and overdrafts) were the only alternative financing services in Massey that were around.
There’s there is no need in the present to depend on real estate to secure business loan. With an unsecured loan business funding is simple. Instead of a term loan with the bank, business finance for an SME with interest rates and loan terms that help with cash flow are around as business credit options.
There are substantial benefits associated with separating personal and business debt.
Limit your exposure, make the tax process simpler, start with an unsecure busines loan. Apply today.
One big drawcard for keeping your personal and business assets separate is that your house does not have to be tied to allow access to the funds. For a modest business loan in Massey up to $100K, asset security will not be required as long as the borrower is able to meet their loan obligations.
Companies are in a favourable long-term position if they can show good credit and debt serviceability.
The separation of personal as well as company finances makes it more seamless in the event of tax time, especially when it comes to determining the tax-deductible allocation. Particularly when determining what is the tax deductible allocation. IRD has outlined the guidelines for the documentation required to be able to claim deductions on a business’s tax return. This is an area the IRD have specifically advised on.
A well-organised cash flow management system is vital to the long-term survival in any business. Through keeping the personal financial and company finance separate, businesses can easily view how they are performing, monitor and plan on their ability to accurately examine their cash flow.
Massey unsecured loans offers amounts of between $5,000 and $100,000, with terms ranging from 3 and 24 month and cash flow friendly repayments which can be made daily or weekly.
It is imaginable to apply for your Small Business Loan in under 10 minutes online or over the phone, receive an immediate response, and the money could be in your account in 24 hours. Traditional company loans reference an interest rate per annum together with additional fees and charges. The business loan is an upfront priced loan therefore you’ll be aware of the total amount payable including the interest, fees and charges. This is then broken down into either weekly or daily repayment figure.
It is a Small Business Loan can be used for nearly every business need, such as cash flow management, business renovations, marketing to purchase inventory, new equipment, as general working capital and so much more. The loan cannot be used for personal use.
The Larger Business Loan is a larger size of loan that can be used to fund business growth opportunities. Loans are between $100,000 and $500,000 for a fixed period of for up to 36 months. The repayments are made weekly or fortnightly, depending on your cash flow.
It is important to note that the Larger Business Loan has an Origination Fee, determined at 2.5 percent of the amount of the loan.
To be eligible for a loan of this size, your company needs to be trading for at least 3 years with an annual turnover of at least $700,000. You must 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 demonstrate at least 12 months of trading.
A larger company loan is a great option for almost all business reason, such as business renovations, to purchase equipment or inventory as well as for general working capital and much more. The loan is not available to fund personal expenses.
Asset security is necessary to access funding over $150,000. It’s by way of charge against assets, and could be registered in the PPSR or making a caveat.
A personal or director’s guarantee is a guarantee to repay a loan which is general in nature, rather than specifying security over an asset. The person signing the guarantee is personally liable if the business 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 items or assets). The PPSR gives the priority of personal property granted depending on the date that a security interest was registered.
An affidavit is an official document filed to provide the legal claim to property.
When you’re applying for larger company loans that exceeds $250K it’s possible to offer a preliminary pre-approval to help make the process. We may be able to apply for this without a credit check and within 6 hours of the initial application. The pre-approval is based upon a preliminary assessment which includes the answer to a series of financial well-being checks. It’s not an offer or guarantee of financing. A conditional approval is subject an exhaustive credit evaluation, and any offer you are offered could have different terms.
You may be eligible for an business loan if you;
The process for applying is fast and simple. Simply complete the online form within a few minutes and an experienced business lending specialist will call you to guide you through the process.
For a loan of up to $100,000 you’ll need identification details (valid Driver’s Licence), a valid NZBN/IRD and at least six months of bank statements.
If you’re looking for loans with larger sizes, you’ll require:
$100K-$250K: Application details including credit consent, 6-12 months of bank statements, IRD statement (if the loan is greater than $150K).
$250K to $500K: Details for application including credit consent as well as 12 months of bank statements, IRD statements, last 2 years finalised financial statements, plus interim financials from the current financial year, Aged Payables and Aged Receivables reports.
For an unsecured loan ($5K up to $100,000) We can usually provide an answer within one hour if you submit your request at quality company times and allow us to utilise the bank verification system to instantly verify your bank details online. If you decide to submit copies of your bank statements we can offer a decision within just an company day.
If you are applying for a Larger Business Loan ($100K to $500K) we may be in a position to offer you with conditional pre-approval in around six hours. After you’ve signed your pre-approval form, it will take between 2 and 3 days for the final approval, however this could be shorter based on the particular circumstances of each application. Some agreements have been approved within less than 24 hours.
The quickest way to apply can be make sure you apply during standard business hours. Also, allow us to use our modern bank verification to verify your bank information online. If you decide to send us duplicates of your banking accounts, it may take a bit longer.
For the Small Business Loan ($5K to $100K) we can often provide an answer in just one hour, provided you submit your request during standard business hours and let us utilise the advanced bank verification system to instantly verify your bank information online. If you want to submit copies of your bank statements, we are able to offer an answer within the span of one business day.
For Larger Business Loans ($100K to $500K) we could be capable of offer you with a conditional pre-approval within 6 hours. Once you’ve signed the pre-approval, the turnaround time is about 2-3 days for final approval, however it could be faster based on the circumstances of each application. Some offers have been approved within 24 hours.
The most efficient method would be to make sure you apply during normal business hours. You can also let us use the sophisticated bank verification to check your bank’s information online. If you opt to send us the copies of bank accounts, it will take a little longer.
We provide loans ranging from $5,000 and $500,000. If you apply for a particular amount, we take into consideration a range of aspects for determining what is the well-being of your company and the level of payments your company is able to afford. The amount you receive from the loan will be determined by the specific circumstances that are unique to your company.
When you submit an application for a particular amount, we will consider a number of factors to assess how much we can lend you such as health of your business and the level of payments your company can support. The total amount of your loan will be determined by the specific circumstances for your company.
When you make an application for our company credit, we will assess the risk assessment that you have for your company and provide you with a tailored proposal that includes the loan amount, the terms and interest rates. A company loan is a loan that is priced upfront which means you know the exact amount to be paid, including any charges, interest rates or fees.
Business loan interest rates vary due to factors such as the amount that is that is borrowed, what business assets the funds are used to purchase in addition to the industry that the business is operating in, how long the business has been in operation, how long the business has sufficient cash flow to pay for the loan, and general health or creditworthiness of the business.
There aren’t any hidden costs for our company loans, and you’ll know precisely how much you’ll be required to pay, and when, right from day one. There’s no compounding interest and there are no additional charges (as long as you make your payments in time).
We don’t charge an application fee. You can make an application for loans no cost upfront or any obligation to sign up.
The Origination Fee includes the expenses associated in establishing and managing the loan. The only way to pay this fee if you proceed with the loan. Our Origination Fee is 2.5 percent of the amount of loan.
You can choose to repay the entire amount of your advance loan at any time.
If you choose to pursue this option, please contact our helpful business lending experts. We will offer you with the details of your repayment along with an early payout estimate. This will be calculated as the sum of the principal remaining plus any accrued interest as of the time of early payment in addition to 1.5% of the principal remaining as well as any outstanding fees.
In order to help you avoid missing repayments and to fit in with your cash flow cycle we offer repayments that are either weekly or daily. These are automatically deducted from your business account.
Protecting your information, and knowing the ways we gather the information we collect, use, share and protect your information, is vital and is a crucial aspect of our relationship with you.
Yes. We make use of industry-standard encryption standards to secure your sensitive, personal financial information and our funders are ISO 27001 qualified for our commitment to security for our customers and privacy. We employ a highly sophisticated bank verification system that allows you to instantly verify the bank account details online. This allows us to provide quick responses.
An asset-based loan is when a business owner borrows from the assets they have to obtain the loan. The asset may be an individual property, such as the family home or a business asset such as a truck or other piece of machinery.
The majority of lending institutions, even the banks with the biggest size, prefer to make loans secured by assets. If you’re having trouble paying back the loan then the asset could be sold by the lender. In essence it is the process of securing new financing using the value of what you already have.
Up to $150,000 in loans it is not necessary to secure assets in advance to gain access to the funds however, we require a personal guarantee. need an individual guarantee. So long as you comply with your loan commitments (as specified in the loan contract) the security of assets will never be needed. If you take out loans in excess of $150,000 generally, there is an individual ensure and security that is in the form a charge over assets.
Although we cannot assist with an unsecure business loan for these types of industries, we may be able assist by providing secured business loan.
