Services in Epuni
- Unsecured Business Loan Epuni
- Epuni Business Finance
- Epuni Business Lending
- Epuni Business Loans
- Small Business Finance Epuni
- Epuni Business Funding
- Epuni Working Capital
- Small Business Lending Epuni
- Epuni Short Term Business Loans
The requirements for obtaining an unsecured business loan in Lower Hutt of between $5K and $100K are pretty minimal.
Looking for more funding? Find out the guidelines for eligibility for our $100K to $500K company loan.
All that is needed to begin is your contact details (the name of your company and your name, as well as email or phone number), how much you want to borrow, and your monthly revenue.
While in the process and before settlement we will require confirmation of your identity but not to get started:
In addition, once we have started with loans greater than $150,000 you will also need basic financial statements:
Let’s get started.
Lower Hutt unsecured loans offers amounts between $5,000 and $100,000. The terms range between 3 and 24 month and cash flow-friendly repayments, which are either daily or weekly.
The application to get the Small Business Loan in under 10 minutes on the internet or by phone. You will receive an answer within the same day and funds may be in your account in 24 hours. Traditional company loans are based on an annual rate of interest plus other fees and charges. This company loan is a pre-paid loan so you will be aware in advance of the total amount payable including any fees, interest or charges. This is then broken down into either a daily or weekly payment amount.
A Small Business Loan can be used for nearly any business need, such as managing cash flows, business remodeling, marketing to purchase inventory, new equipment, to fund general working capital, and much more. The loan cannot be used for personal reasons.
The Larger Business Loan is a larger size loan to aid in company growth opportunities. Loans range from $100,000 to $500,000 with a fixed-term for up to 36 months. The repayments are made weekly or fortnightly in order to accommodate your situation.
This Larger Business Loan has an Origination Fee that is calculated at 2.5% of the amount of the loan.
To be eligible for a credit that is this large the company needs to be trading for at least 3 years and have an annual turnover of $700,000. Your business must belong to a New Zealand Citizen (or Permanent Resident) who is over the age of 18 and have a New Zealand company (with a valid NZBN/IRD) and be able demonstrate at minimum 12 months of business.
A Larger Business Loan can be used for almost every business need, including business renovations, to purchase new equipment or inventory or as general working capital and so much more. The loan is not available for personal use.
Asset security is required to access funding over $150,000. This is by taking a charge on assets and can include the registration of this in the PPSR or the registration of as a caveat.
A personal or director’s ensure is a guarantee to repay a loan which is generally in nature rather than defining the security of a specific asset. The person who signs the ensure is personally liable if the business borrower is unable to repay the debt.
The Personal Property Securities Register (PPSR) is a central, national online registry run by the New Zealand Government. It reflects security interests that are registered for personal property (including objects or assets). The PPSR allows prioritisation over property that is personal to be granted in accordance with the date on which a security interest has been registered.
An affidavit is an official form of document to provide an official notice of a claim on a property.
If you’re requesting a Larger Business Loan of $250K or more, we may offer a preliminary pre-approval to help simplify the process. It is possible to do this without a credit check, and within 6 hours of the initial application. This pre-approval is made based on a preliminary assessment which includes you answering a few financial health questions. It’s neither an offer nor a guarantee of finance. Acceptance without condition is subject to an extensive credit evaluation and any offer that you receive could be subject to different conditions.
You are eligible to apply for an business loan if you;
The application process is simple and easy. Just complete the online application within a few minutes and a dedicated business loan 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 License) and a valid NZBN/IRD as well as at least 6 months’ worth of bank statements.
If you’re looking for loans with larger sizes, you’ll require:
$100K-$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: Application details including credit consent, 12 month bank accounts, the IRD statements Last 2 years’ finalised financial statements, plus interim current financial year financials, Aged Payables and Aged Receivables summaries.
For an unsecured loan ($5K up to $100,000) We can usually offer a response in one hour, provided you apply during quality company hours and allow us to use the advanced bank verification system link to instantly verify your bank information online. If you want to submit copies of your bank statements , we will be able to offer a decision within just one company day.
If you are applying for a Larger Business Loan ($100K to $500K) we may be likely to offer you with a conditional pre-approval within six hours. Once you have signed the pre-approval, the turnaround time is 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 most efficient method can be 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 choose to upload the copies of bank statements it takes a bit longer.
For the Small Business Loan ($5K or more) We can usually offer an answer within an hour if you apply in normal business hours and let us use the bank verification system link to instantly verify your bank details online. If you choose to upload copies of your bank statements, we will be able to provide the decision in just 1 business day.
If you are applying for Larger Business Loans ($100K up to $500,000) We may be able to offer you with a conditional pre-approval in around six hours. After you’ve signed the pre-approval, turnaround times are around 2-3 days for final approval. However, this can be faster depending on the particular circumstances of each application. Certain transactions have received approval in just 24 hours.
The fastest method for you to apply is ensure you apply during normal business hours, and permit us to use the advance bank verification to instantly verify your bank information online. If you send us documents from your account statements, it will take a little longer.
We offer loans that range from $5,000 to $500,000. When you make an application for a specific amount we look at a variety of factors that determine the well-being that is your company and the extent of the repayments your business can support. The amount you receive from the loan will be determined by the specific circumstances the company.
If you apply for a set amount, we look at a range of factors to assess the health that is your company as well as the amount of payments your business is able to afford. The amount you receive from your loan will depend on the particulars of your company.
If you decide to make an application for the business credit, we will assess the risk assessment for your company and offer you with a tailored offer including loan amount, term and interest rates. A business loan is an upfront-priced loan which means you be aware in advance of the total amount to be paid, including any charges or interest.
Interest rates for company loans rates vary due to factors like the amount of money borrowed, the business assets the money will be used for as well as the field the company is in, how long the company has been in operation and in the event that the business has enough cash flow to fund the loan, and the overall health and creditworthiness of the company.
There are no hidden fees with our company loans, and you’ll know precisely how much it is that you be required to pay, and when, from the day you sign up. There’s no compounding interest, and no extra fees (as as you make your payments punctually).
We don’t charge an Application Fee. You are able to get a cash loan with with no upfront cost or obligation to proceed.
The Origination Fee covers the costs associated with the setting up and management of the loan. This is only a fee if you proceed with the loan. Our Origination Fee is 2.5 percentage of the amount of loan.
You may choose to pay back the entire amount of your loan in full at any time.
If you do decide to do this please contact our helpful company loan professionals. We will provide you with the details of your repayment as well as an early payout amount. This is calculated as the sum of the principal balance and the accrued interest up to the time of early payout and 1.5% of the principal balance and any fees that remain unpaid.
In order to help you avoid missing payment dates and to align your cash flow schedule, we provide payments that are either weekly or daily. These are automatically withdrawn from the nominated business account.
Security of your data, and making it clear how we collect, use, exchange and protect your information, is of paramount importance and is a crucial element of our relationship with you.
Yes. We make use of industry-standard encryption standards to protect your sensitive, personal financial information and our funders are ISO 27001 qualified for our commitment to security for our customers and security. We make use of an advanced bank verification system to instantly verify the bank account details online to offer rapid response.
An asset-based loan is when a business owner utilises the assets they have to secure the funding. The asset could be an individual asset, such as the family home, or a business asset such as a truck or piece or equipment.
The majority of lending institutions, including the big banks, tend to make loans secured by assets. If you’re having trouble paying back the loan then the asset might be sold by the lender. In essence it’s the process of securing new funding taking advantage of the value of what you already have.
For loans of up to $150K, it is not necessary to secure assets prior to the loan’s access However, we do need an individual guarantee. In the event that you fulfill your loan commitments (as detailed in the loan contract) and you are able to meet your obligations, asset security will never be needed. If you take out loans in excess of $150K generally, there is the option of a personal guarantee and security in the form of the charge of assets.
