Services in Epuni
- Unsecured Business Loan Epuni
- Epuni Business Finance
- Business Lending Epuni
- Epuni Business Loan
- Small Business Finance Epuni
- Epuni Business Funding
- Working Capital Epuni
- Epuni Small Business Lending
- Short Term Business Loans Epuni
The criteria for eligibility for an unsecured business loan in Lower Hutt of between $5K and $100K are fairly minimal.
Do you need more money? Check out the guidelines for eligibility for our $100K to $500K business loans.
All you need for starting is your contact details (the name of your company, your name, email or phone number) and the amount you’d like to borrow, and your monthly revenue.
In the course of the process and before settlement we will require confirmation of who you are, but not to get started:
In addition, once we have started when it comes to loans that exceed $150,000, you will also need fundamental financial statements:
Let’s get started.
Lower Hutt unsecured loans provides the range of $5,000 to $100,000. The terms range between 3 and 24 months. They also offer cash flow-friendly repayments which can be made daily or weekly.
The application to 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 in 24 hours. Traditional business loans are based on an annual rate of interest along with other charges and fees. This business loan is a cash-based loan therefore you’ll know in advance the total amount payable including the interest, fees and charges. This is then broken down into weekly or daily amount to be paid back.
A Small Business Loan can be used for virtually every business purpose including cash flow management, business remodels and marketing to purchase inventory, new equipment, or as general working capital and much more. The loan is not available for personal purposes.
The Larger Business Loan is a larger size loan to aid in business growth opportunities. The loan ranges from $100,000 to $500,000 for a fixed period of that can last up to 36 months. Repayments are weekly or fortnightly, depending on your situation.
A Larger Business Loan has an Origination Fee that is calculated at 2.5 percent of the loan amount.
To be eligible for a credit of this size, your company needs to have been operating for a minimum of 3 years with an annual turnover of $700K. You must be a New Zealand Citizen (or Permanent Resident) at least 18 years old, own a New Zealand business (with a valid NZBN/IRD) and be able to prove at minimum 12 months of continuous trading.
A large company loan is a great option for almost all company purpose including company remodeling, buying inventory or new equipment or as general working capital, and much more. The loan is not available for personal purposes.
Asset security is required to access funding over $150,000. It is usually by taking a charge over assets, and could include registration with the PPSR or filing a caveat.
A director’s or personal guarantee is a commitment to pay off a credit line that is generally based rather than stipulating security over a particular asset. The person who signs the ensure 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 run by the New Zealand Government. It lists security interests that are that are registered for personal property (including the assets or goods). The PPSR gives priority over personal property to be assigned depending on the date that a registration of a security interest.
Caveats are legal document lodged to offer the public notice of a legal claim to a property.
When you’re applying for a Larger Business Loan that is greater than $250K it is possible to offer an initial pre-approval in order to make the process. We may be able to make this decision without a credit check, and within six hours of your initial application. This pre-approval is made based on a preliminary assessment which includes you answering a few financial well-being checks. It is not an offer or guarantee of funds. Unconditional approval is subject to an assessment of your creditworthiness and any offer that you might receive could be on different conditions.
You are eligible to apply for a business loan if you
The application process is quick and easy. Simply complete the online form within a few minutes and an experienced company loan specialist will be in touch to assist you.
For a loan of up to $100,000 you’ll require proof of identity (valid Driver’s License) and an active NZBN/IRD, and at least 6 months’ worth of bank statements.
Otherwise, for larger loan sizes, you’ll need:
$100K – $250K: Application requirements, including credit approval, 6-12 months of bank statements, IRD statement (if the loan is greater than $150K).
$250K – $500K: Details of the application, including credit consent and 12 months of bank records, IRD statement and the last two years’ finalised financial statements, as well as interim current financial year financials including Aged Payables, Aged Receivables Summary.
For an unsecured loan ($5K and up) we usually provide an answer in just one hour – as long as you apply within quality business time and allow us to utilise the bank verification system link to instantly verify your bank details online. If you opt to upload copies of your bank statements , we’ll be able to offer the decision within one business day.
If you are applying for a Larger Business Loan ($100K to $500K) we might be able to offer you with a conditional pre-approval within 6 hours. After you’ve signed your pre-approval, turnaround times are about 2-3 days for final approval. However, it could be faster based on the circumstances of each application. Certain agreements have been approved within just 24 hours.
The quickest way to apply can be ensure you apply during standard business hours and let us use the advanced bank verification system to verify your bank information online. If you opt to send us the copies of bank accounts, it takes a bit longer.
For the Small Business Loan ($5K and up) we can often offer an answer within an hour if you make your application in normal business timings and allow us to use the advanced bank verification system to instantly verify your bank information online. If you decide to upload copies of your banking statements, we will be able to provide an answer in just 1 business day.
For the Larger Business Loans ($100K up to $500,000) we could be likely to provide you with a conditional pre-approval within about six hours. Once you’ve signed the pre-approval, the turnaround time is about 2-3 days for final approval, however this can be faster depending on the specifics of each application. Certain offers have been approved within less than 24 hours.
The most efficient method is to make sure you apply during normal business hours and permit us to use the modern bank verification to instantly confirm your bank details online. If you upload documents from your account statements, it can take a bit longer.
We offer loan amounts between $5,000 to $500,000. When you make an application for a certain amount we take into consideration a range of elements that determine the health that is your company and the extent of payments your company can support. The total amount of your loan will be contingent on the specifics the company.
When you submit an application for a set amount, we take into consideration a variety of elements to assess how much we can lend you such as well-being of the company as well as the amount of payments your business can support. The amount you receive from your loan will be determined by the particulars for your company.
If you decide to apply for one of our company loan, we’ll assess the risk assessment the company and offer you with a customised proposal that includes the amount of loan, the term and the interest rates. This company loan is an upfront priced loan so you will be aware in advance of the total amount due, which includes any interest rates, fees or charges.
Interest rates for company loans rates vary due to factors like the amount of money that is borrowed, what company assets the money will be used for and the sector the business operates in, the long the business has been operating and whether the business has sufficient cash flow to cover the loan, and the general well-being as well as creditworthiness company.
There are no hidden fees for our company loans, and you’ll know precisely how much you be required to pay, and when, right from the very first day. 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 request a credit loan without any upfront costs or obligation to proceed.
The Origination Fee is the cost associated with setting up and managing the loan. You are only charged this fee if you choose to proceed with the loan. The Origination Fee for us is 2.5 percentage of the amount of loan.
You can decide to repay all of your loan in full at any time.
If you choose to take this route, please talk to one of our helpful company lending professionals. They’ll offer you with repayment details and an early payment figure. It will be calculated using the total of the principal amount remaining plus any accrued interest as of the time of the early payout plus 1.5% of the principal balance plus any outstanding fees.
To make sure that you don’t miss due dates and also to be in line with your cash flow cycle we offer repayments either daily or weekly. They will be automatically deducted from your business account.
Protecting your information, and being clear about how we collect data, process, exchange and protect your information, is crucial and is an essential part of our relationship you.
Yes. We utilise industry-recognised encryption protocols to safeguard your sensitive, personal financial and other data. Our funders are ISO 27001 qualified for our dedication to security for our clients and privacy. We employ an exceptionally sophisticated bank verification system that allows you to immediately verify your bank account information online to provide quick responses.
An asset-based loan is when the company owner utilises assets they own to make the funding. The asset may be an individual property, such as the family home, or a company asset like a truck or piece or equipment.
The vast majority of the lenders not just the major banks, prefer to secure loans against an asset. If you are having difficulty paying back the loan, then the asset might be offered for sale by the lender. In essence it’s means of securing new financing by using the value of what you already have.
Up to $150,000 in loans no asset security is required upfront to access the money, however we require a personal guarantee. require a personal guarantee. If you adhere to the loan terms (as stipulated in your loan contract) the security of assets will never be needed. If you take out loans in excess of $150K generally, there is an individual ensure and security in the form charges on assets.
