Services in Epuni
- Unsecured Business Loan Epuni
- Epuni Business Finance
- Epuni Business Lending
- Epuni Business Loan
- Small Business Finance Epuni
- Business Funding Epuni
- Epuni Working Capital
- Epuni Small Business Lending
- Epuni Short Term Business Loans
The eligibility requirements for an unsecured business loan in Lower Hutt of between $5K and $100K is fairly low.
Do you need more money? Check out the conditions of eligibility for our $100K to $500K business credit.
All that’s needed to get started is your contact details (the name of your company, your name, email or phone number) along with the amount you’d like to borrow and your monthly income.
Through the process and before settlement we’ll need confirmation of your identity but not to get started:
Once we’ve started with loans greater than $150,000 you’ll also require fundamental financial statements:
Let’s get started now.
Lower Hutt unsecured loans provides amounts of between $5,000 and $100,000 with terms between 3 and 24 months, cash flow friendly repayments, which are either daily or weekly.
It is imaginable to apply to get the Small Business Loan in under 10 minutes on the phone. You’ll receive an instant response and funds may be available in just 24 hours. Traditional business loans are based on an interest rate per annum plus other fees and charges. Our business loan is an upfront priced loan so you will be aware in advance of the total amount due, which includes the interest, fees and charges. Then, it is divided into weekly or daily installment amount.
The Small Business Loan can be used for almost every company reason, such as control of cash flow company improvements, advertising to purchase inventory or new equipment, for general working capital and so much more. The loan is not available for personal purposes.
The Larger Business Loan is a larger loan size to support business expansion opportunities. Loans are between $100,000 and $500,000 over a fixed term with a maximum of 36 months. Repayments are scheduled weekly or fortnightly depending on your situation.
The Larger Business Loan has an Origination Fee that is determined at 2.5 percentage of the amount of the loan.
To qualify for a loan in this amount the company needs to be operating for at least three years and generate an annual revenue of $700K. Your business must belong to a New Zealand Citizen (or Permanent Resident) with a minimum age of 18 years old or have a New Zealand company (with a valid NZBN/IRD) and be able to prove at least 12 months of trading.
A larger company loan is a great option for almost all business reason, such as business remodeling, buying equipment or inventory for general working capital and much more. The loan cannot be used to fund personal expenses.
Asset security is necessary to access funding over $150,000. It is usually by way of charge against assets, and may be registered through the PPSR or the registration of as a caveat.
A director’s or personal guarantee is a commitment to pay off a credit line 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 company creditor is unable to pay back the debt.
The Personal Property Securities Register (PPSR) is an online, central register operated by the New Zealand Government. It records security interests that have been which are registered with respect to personal property (including objects or assets). The PPSR allows preference over private property granted according to the date a registration of a security interest.
An affidavit is an official document filed to provide notice of a legal claim on a property.
If you’re seeking the Larger Business Loan of more than $250,000 it is possible to offer an initial pre-approval to make the process. We may be able to apply for this without credit checks and within 6 hours of your initial application. This pre-approval is made based on an initial assessment that includes you answering some financial well-being questions. It’s not an offer of credit or guarantee of funds. The approval of a conditional loan is subject to an assessment of your creditworthiness and any offer you may receive may be on different terms.
You can apply for a business loan if you
The application process is quick and easy. Complete the online form in few minutes and an experienced company credit specialist will be in touch to guide you.
To be eligible for up to $100,000, you’ll need the right identification documents (valid Driver’s Licence) along with an active NZBN/IRD, and at least 6 months’ worth of bank statements.
Otherwise, for larger loan sizes, you’ll require:
$100K – $250K: Application details including credit consent, 6 – 12 months of IRD statements, bank statements (if you have a loan of more than $150K).
$250K-$500K: Information on the application including credit consent twelve month bank accounts, the IRD statements, last 2 years finalised financial statements, in addition to interim current financial year financials such as age-related payables and aged Receivables Summary.
For an unsecured loan ($5K or more) we typically offer a response in one hour – as long as you make your application during quality business time and you allow us to make use of the advanced bank verification system link to immediately verify your bank account information online. If you want to upload copies of your bank statements we can offer an answer within just one business day.
For the Larger Business Loan ($100K up to $500,000) we might be capable of provide the conditional pre-approval in about 6 hours. After you’ve 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 particular circumstances of each application. Certain deals have been approved within less than 24 hours.
The most efficient method would be to make sure you apply during standard company hours and let us use the advance bank verification link to verify your bank information online. If you choose to upload duplicates of your banking statement, it can take a bit longer.
For the Small Business Loan ($5K or more) we can often provide an answer in just one hour if you apply during normal business timings and let us make use of the advanced bank verification system link to instantly verify your bank’s information online. If you decide to upload copies of your banking statements, we’ll be able to offer the decision in as little as one business day.
For Larger Business Loans ($100K up to $500,000) we could be able to provide you with a conditional pre-approval within about 6 hours. Once you have signed the pre-approval, the turnaround time is between 2 and 3 days for the final approval. However, this can be faster depending on the circumstances of each application. Some agreements have been approved in the space of 24 hours.
The quickest method can be ensure you apply during normal business hours. Also, allow us to use the advance bank verification link to confirm your bank details online. If you choose to send us the copies of bank statements, it can take a bit longer.
We provide loans ranging from $5,000 and $500,000. When you make an application for a certain amount we consider a variety of elements in order to assess the well-being that is your business as well as the amount of repayments that your business can afford. The amount you receive from your loan will depend on the specific circumstances of your business.
When you apply for a particular amount, we look at a range of factors to assess your well-being that is your business and the level of the repayments your business is able to afford. The total amount of your loan will depend on the particular circumstances the business.
When you request one of our business financing, we’ll assess the risk profile the business and offer you with a customised offer that includes the loan amount, the terms and the interest rates. It is a business loan is an upfront-priced loan and you’ll know the exact amount you will have to pay, including charges, interest rates or fees.
The interest rates on company loans rates depend on several factors like the amount of money of money borrowed, the company assets the money will be used for and the sector the business operates in, how long the company is in operation as well as whether the company has sufficient cash flow to pay for the loan, and general well-being or creditworthiness of the business.
There are no hidden fees with our company loans. You’ll be aware of the amount it is that you be required to pay and when, from day one. There’s not any compounding interest and the loan comes with no additional fees (as long as you are able to make your payments punctually).
We don’t charge an Application Fee. You can apply for a loan with without any upfront costs or the obligation to take action.
The Origination Fee is the cost associated in establishing and managing the loan. It is only charged for this fee if you proceed with the loan. Our Origination Fee is 2.5 percentage of the loan amount.
You can repay the entire amount of your loan early at any time.
If you are deciding to do this please call our helpful business loans experts. The specialists will provide you with details for repayment along with an early payout estimate. The figure will be calculated as the sum of the principal balance and accrued interest to the time of early payout and 1.5 percent of the remaining principal and any outstanding fees.
In order to help you avoid missing due dates and also to be in line with your cash flow cycle we provide repayments either daily or weekly. These are automatically deducted from your company account.
Security of your data, and being upfront about how we collect the information we collect, use, share and safeguard your data, is vital and an integral part of our relationship you.
Yes. We employ industry-recognised encryption standards to protect your personal, sensitive and financial data and our funders are ISO 27001 qualified for our dedication to the security of our clients as well as their security. We use an advanced bank verification system to instantly verify your bank account details online. This allows us to offer quick responses.
The term "asset-based" refers to borrowing where the company owner uses an asset that they own to obtain a loan. The asset can be either an individual asset, such as the family home, or an company property like a truck or piece or equipment.
The vast majority of banks, not just the banks with the biggest size, prefer to make loans secured by assets. If you’re struggling to pay back the loan, then your asset may be sold by the lender. In essence, it is an opportunity to secure additional financing using the worth of the asset you already have.
For loans that exceed $150K, the requirement for asset security is not required prior to the loan’s access but we require a personal guarantee. require a personal guarantee. As long as you follow the loan terms (as stipulated in the loan contract) Asset security is not needed. For loans that exceed $150K, typically, you will need the option of a personal ensure and security is provided in the form of a charge over assets.
