Need fast business loans? Get it Done with LoansOne
Most businesses have a dire need of fast loan approval. The need for additional working capital is sometimes needed to save their company from time to time. Whether the funds are needed for immediate stock purchase, months of salary clearance, renovations, upcoming projects, and more, LoansOne is always by your side. We find the funding solutions for business owners in New Zealand in a blink, approve it and directly transfer the total loan amount to their account. Our lending specialists work towards getting loan approvals all day to save you time and money by offering the best deal to lenders across the nation so you will receive the best rate of finance.
Different Types of fast business loans Offered by LoansOne
Below are the different types of fast business funding that you can get from LoansOne..
Secured Business Loan
LoansOne provides plant, machinery, and property owners with the secured loan options. The amount the borrower will get is dependent on the strength of the application and the asset type to be financed. Loan terms usually extend up to 5 years, and there are no restrictions in the borrowing limit.
Fast Unsecured Business Loan
LoansOne offers up to $300,000 for fast unsecured funding. It includes an interest rate from 11% with a loan term of up to 24 months. Unsecured Business Loans generally include weekly repayments, and you can apply again for a loan within two months, if you have maintained good conduct. You have to be trading for at least for six months to qualify for getting the funds.
Invoice Finance Loans
We offer comparatively priced and easy-to-use invoice financing facilities. Invoice Finance will unlock all the cash flow in the debtor ledger.
Some potential business owners do not have the security to offer for a loan or they may not meet all the requirements for credit; in such situations, a guarantor loan will assist in getting the necessary funding that you require.
Peer to Peer Fast Business Loans
This fast approval loan is a new type of loan, offering established and new entrepreneurs to apply for the funds from the pool or a single investor. The primary benefits of peer-to-peer fast business funding are; they are easy to apply for online and have lower interest rates compared to the banks with flexible repayment terms.
How Does Fast Business Funding Work?
Business owners can borrow a revolving line of credit or receive a lump sum payment, which has to be repaid with the required interest over 3 to 5 years. You can apply for a fast business loan on a loan amount ranging from $2,000 to $500,000. The repayments are mostly weekly, daily, or even on a monthly basis. We guarantee 24 hours of turnaround time for this type of funding. We also provide flexible payment options with no exit fees for paying the entire loan amount early. In other words, fast business funds offer complete peace of mind to the business owners with enough working capital throughout their highs and lows.
Eligibility Criteria for a Fast Business Loan
If you want to know if you are eligible for fast business funding or not, then go through the below list of criteria for easy approval. If you mark a tick for all the below criteria, then your application will get across the line with ease.
The business should at least one year of age to get approval for a super-fast loan.
The lender can check your credit profile of the business owner along with the credit of the company. If the credit profile includes any unpaid tax debts or defaults, then the application might get rejected.
The business should have an NZBN or New Zealand Business Number for easy approval of the funds.
When do Businesses need Quick Funding?
A business might require rapid business funding due to the following reasons.
- Updating equipment with the latest technologies
- Advertising and marketing campaigns
- Upgrading trading equipment and tools
- Appointment of additional staff during the peak season
- Purchasing a used or new vehicle for business purpose
So talk to one of our financial experts today to get started and understand all your borrowing options. They will understand your requirements and help you through the process until the funds get approved!