A Massey unsecured business loan is easy and quick to obtain. Approve your loan in a matter of minutes and start using the funds for your business.
What to expect:
The eligibility requirements for an unsecured business loan to be made in Massey are fairly minimal.
Call Now 0800 365 511Making an application for the company credit for business in Massey with us is easy and takes only some minutes, without mountains of paperwork or queues.
Be approved and receive your funds within 1-2 company days.
We aim to help Massey companies of all types, whether small, medium or solopreneurs to access funding fast so they can take advantage of loans to expand and grow.
The eligibility requirements for an unsecured business loan in Massey of between $5K and $100K is fairly low.
Need more funds? Review the conditions of eligibility for our $100K to $500K business loan.
The eligibility requirements in loans from larger Massey business loans of between $100K and $500K include:
Are you looking for a lower amount of capital? Find out the eligibility requirements for our $5K-$100K Massey unsecured company loans.
A Massey unsecured loan is perfect to use for every company reason. Get in touch with us today.
Want to get started on one of these as soon as tomorrow? Get in touch with us today or send an application online for the quickjest fasted way.
All that is needed to begin is your contact details (company name, your name, email address and phone) and the amount you’d like to lend, and your monthly earnings.
Through the process and before settlement we will need confirmation of your identity but not before we can begin:
After we start, for loans that exceed $150,000, you will also require fundamental financial statements:
Let’s get started now.
In the wake of traditional lenders and banks increasing their credit requirements and the constant stream of alternative and non-bank loan providers that are entering the market provides the perfect source to tap into.
Massey SME’s are now being able to get finance from alternative lenders that service Massey who are focused on enabling company expansion or smoothing out cash flow challenges. In the past, personal credit sources (drawing equity from the house loan, or by using credit cards in addition to personal loans and the overdraft) could be the best alternative funding services within Massey that were around.
There is now an end to the need of having to depend on using real estate to secure business loans. With an unsecured loan, business funding is made simple. 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 is available as business loan options.
There are many benefits in separating personal from company debt.
Limit your exposure, and make tax times simpler, start with an unsecure business loan. Make an application today.
One of the main benefits of keeping your personal and business assets apart will be the fact that your home isn’t tied to the funds. For a small business loan within Massey up to $100K asset security won’t be required so long as the borrower meets the loan requirements.
Businesses are in a more favourable long-term position if they can demonstrate good credit/debt capability.
The separation of personal as well as business finances makes it significantly more seamless in the event of tax time, particularly when identifying what is the tax deductible allocation. Particularly when determining what is the tax deductible allocation. IRD has set out guidelines for the documentation required for claiming deductions on the tax return of a company. This is an area where the IRD has specifically advised on.
A well-organised cash flow management system is vital to the long-term success for any business. By keeping the personal financial and company finance separate, businesses can easily view, monitor and plan based on the ability to effectively determine their cash flow status.
Massey unsecured loans provides amounts between $5,000 and $100,000. Terms range from 3 and 24 month and cash flow friendly repayments, which are either daily or weekly.
It is imaginable to apply to get this Small Business Loan in under 10 minutes over the phone, receive a same day response and have the funds on your account within 24 hours. Traditional company loans have an annual rate of interest plus other fees and charges. The company loan is a pre-paid loan therefore you’ll know ahead of time the total amount to be paid, including any fees, interest or charges. Then, it is divided into weekly or daily amount to be paid back.
A Small Business Loan can be used to fulfill almost every company use, including cash flow management, company remodels and marketing to purchase inventory or new equipment, for general working capital, and much more. The loan cannot be used for personal reasons.
The Larger Business Loan is a larger amount of loan to help business expansion opportunities. Loans are between $100,000 and $500,000 over a fixed term that can last up to 36 months. Repayments are weekly or fortnightly to work with the flow of cash.
A Larger Business Loan has an Origination Fee, which is calculated at 2.5% of the loan amount.
To be eligible for a loan that is this large the business needs to have been operating for a minimum of 3 years, and have an annual income of at least $700K. Your business must belong to a New Zealand Citizen (or Permanent Resident) at least 18 years old and have a New Zealand company (with a valid NZBN/IRD) and be able of proving at the least 12 months of operating.
A Larger Business Loan is a great option for almost every company purpose including company renovations, to purchase equipment or inventory for general working capital, and much more. The loan is not available for personal purposes.
Asset security is necessary to obtain funding above $150,000. This is by way of charge over assets, which could also be registered on the PPSR or registering as a caveat.
A director’s or personal guarantee is a guarantee to repay a loan which is generally in nature rather than defining security over a particular asset. The person who signs the ensure is personally liable if the business lender is not able to repay the debt.
The Personal Property Securities Register (PPSR) is an online central register that is operated by the New Zealand Government. It reflects security interests 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 the security interest has been registered.
An affidavit is an official document that is filed to provide the legal claim to a property.
When you’re applying for an enterprise loan that is greater than $250,000 we can offer an initial pre-approval to ease the process. We could be able to apply for this without credit checks and within 6 hours of the initial application. The pre-approval process is based on a preliminary assessment which includes the answer to a series of financial health questions. This is not an offer or guarantee of credit. A conditional approval is subject an exhaustive credit evaluation, and any offer you might receive could be on different terms.
You may apply for a company loan if you:
The application process is simple and easy. Simply complete the online form within a few minutes and an experienced business lending specialist will be in touch to guide you.
To apply for up to $100,000 you’ll need ID details (valid Driver’s License) along with a valid NZBN/IRD and at least 6 months’ worth of bank statements.
In addition, for larger loan sizes, you’ll also need:
$100K to $250K: Application details including credit approval, 6-12 months of bank statements, IRD statement (if you have a loan of more than $150K).
$250K-$500K: Information on the application including credit consent twelve months bank statement, an IRD statement and the last two years’ finalised financial statements, in addition to interim financials for the current financial year such as age-related payables and aged Receivables summary.
For an unsecured loan ($5K to $100K) we can often provide a response in one hour – as long as you submit your request at standard business time and you allow us to utilise the advanced bank verification system to instantly verify your bank details online. If you opt to upload copies of your bank statement, we’ll offer a decision within just 1 business day.
For the Larger Business Loan ($100K and up) we could be able to provide you with a conditional pre-approval within about 6 hours. After you’ve signed the pre-approval form, it will take around 2-3 days for final approval. However, this may be quicker depending upon the circumstances for each application. Some agreements have been approved within the space of 24 hours.
The fastest way can be make sure you apply during normal company hours, and permit us to use the advance bank verification link to instantly verify your bank account information online. If you opt to upload duplicates of your banking statement, it takes a bit longer.
For the Small Business Loan ($5K up to $100,000) we usually provide an answer in just one hour if you apply in standard business times and let us make use of the advanced bank verification system link to instantly verify your bank information online. If you choose to upload copies of your bank statement, we’ll provide a decision in as little as the span of one business day.
If you are applying for Larger Business Loans ($100K up to $500,000) we may be capable of provide you with conditional pre-approval within about six hours. Once you have signed the pre-approval form, it will take between 2 and 3 days for the final approval. However, this may be quicker depending on the circumstances of each application. Some offers have been approved in less than 24 hours.
The quickest method is to ensure you apply during normal business hours. Also, allow us to use the advance bank verification to check your bank’s information online. If you decide to send us documents from your account statements it may take a bit longer.
We provide the loan amount between $5,000 to $500,000. When you make an application for a certain amount we consider a variety of elements that determine how much we can lend you well-being that is your business as well as the amount of the repayments your business can afford. The total amount of your loan will be contingent on the particular circumstances that are unique to your company.
If you apply for a particular amount, we look at a range of aspects to assess the well-being of your business and the level of repayments your company can afford. The total amount of your loan will be determined by the specifics for your business.
If you decide to apply for the company loan, we’ll assess the risk assessment that you have for your business and offer you with a customised offer that includes the loan amount, the terms and the interest rates. A business loan is an upfront cost loan and you’ll be aware of the total amount you will have to pay, including interest rates, fees or charges.
Interest rates for business loans rates depend on a variety of factors including the amount of money borrowed, the company assets the funds will be used for, the industry the company operates in, how long the company has been running as well as in the event that the business has enough cash flow to fund the loan, as well as the overall health or financial standing of the company.
There are no hidden fees with our company loans. You’ll know exactly how much you be required to pay, and when, right from the very first day. There’s not any compounding interest and no additional fees (as as long as you pay your payments punctually).
We do not charge an application fee. You can make an application for loans without any upfront costs or the obligation to take action.
The Origination Fee covers the expenses involved with setting up and managing the loan. You are only charged this fee if you decide to take the loan. The Origination Fee for us is 2.5 percent of the amount of the loan.
You may choose to pay back the entire amount of the loan in full at any time.
If you choose to pursue this option, please talk to one of our helpful company lending specialists. The specialists 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 the accrued interest up to the date of early payout, plus 1.5% of the remaining principal and any fees that remain unpaid.
In order to help you avoid missing due dates and also to be in line your cash flow cycle we provide payments that are either weekly or daily. They are automatically deducted from your designated business account.
Protecting your information, and being clear about the ways we gather, use, exchange and secure your information, is of paramount importance and a vital element of our relationship with you.
Yes. We make use of industry-standard encryption protocols to safeguard your sensitive, personal financial and other data. Our funders are ISO 27001 qualified for our dedication to customer security and privacy. We use an advanced bank verification system link to instantly verify your bank account details online. This allows us to offer a fast response.
The term "asset-based" refers to borrowing where the business owner makes use of an asset that they own to secure the funds for a loan. The asset could be a personal asset like the family home, or it could be a company asset such as a truck or piece or equipment.
The vast majority of the lenders not just the big banks, tend to secure loans against assets. If you are having difficulty paying back the loan then your asset may be offered for sale by the lender. In essence it is means 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 before you can access the money, however we do require a personal guarantee. In the event that you fulfill the loan terms (as stipulated in your loan contract) the security of assets will never be required. If you take out loans in excess of $150K generally there is a personal guarantee and security that is in the form an asset charge.
Although we can’t help with an unsecure business loan in those industries, we might be able to assist by providing a secured business loan.
