Services in Puni
- Puni Unsecured Business Loans
- Puni Business Finance
- Business Lending Puni
- Business Loans Puni
- Small Business Finance Puni
- Business Funding Puni
- Puni Working Capital
- Small Business Lending Puni
- Short Term Business Loans Puni
The eligibility requirements for an unsecured business loan in Auckland of between $5K and $100K is fairly low.
Do you require more money? Take a look at the eligibility requirements for our $100K-$500K business loan.
All that is needed to begin is your contact details (company name, your name, email and phone) along with the amount you’d like to lend, and your monthly revenue.
Through the process and before settlement we’ll require confirmation of your identity but not before we can begin:
After we start when it comes to loans greater than $150,000 you will also need basic financial statements.
Let’s get started.
Auckland unsecured loans provides amounts between $5,000 and $100,000. The terms range between 3 and 24 month and cash flow friendly repayments which can be made daily or weekly.
You can apply to get your Small Business Loan in under 10 minutes on the internet or over the phone. You’ll get a same day response and the funds could be available in just 24 hours. Traditional business loans reference an interest rate per annum plus other fees and charges. The business loan is a loan that is priced upfront so you will be aware of the total amount payable including any fees, charges or charges. This is then divided into a daily or weekly installment amount.
The Small Business Loan can be used to fulfill almost every business need, such as the management of cash flow, business remodeling, marketing for purchasing inventory or new equipment, as general working capital and much more. The loan is not available for personal use.
The Larger Business Loan is a larger loan size to support business growth opportunities. Loans are between $100,000 and $500,000 over a fixed term with a maximum of 36 months. Repayments are either weekly or fortnightly in order to accommodate you cashflow.
The Larger Business Loan has an Origination Fee which is determined at 2.5 percent of the loan amount.
To be eligible for a loan in this amount, your company needs to be trading for at least 3 years, and have an annual income of $700K. It is necessary to be 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 to prove at minimum 12 months of continuous trading.
A large business loan is a great option for almost every business need, including business remodeling, buying inventory or new equipment, as general working capital and much more. The loan cannot be used to fund personal expenses.
Asset security is required to obtain funding above $150,000. This can be done as a result of an charge against assets, and may include the registration of this on the PPSR or registering a caveat.
A personal or director’s ensure is a commitment to pay off a credit line that is general in nature rather than defining security over a particular asset. The person signing the ensure is personally liable if the company 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 registered in respect of personal property (including goods or assets). The PPSR grants prioritisation over property that is personal to be granted according to the date a security interest was registered.
The caveat can be described as a formal document that is filed to offer notice of a legal claim to property.
If you’re applying for an enterprise loan that is greater than $250K we can offer an initial pre-approval that will help ease the process. We could be able to do this without a credit verification and within 6 hours of your initial application. This pre-approval is based on a preliminary assessment which includes you answering some financial health checks. It is neither an offer nor a guarantee of funds. Acceptance without condition is subject to an extensive credit evaluation and any offer you may receive may be on different terms.
You may be eligible for a business loan if you;
The application process is quick and simple. Complete the online form in few minutes and an experienced business lending specialist will contact you to guide you.
To apply for up $100,000 you’ll need the right identification documents (valid Driver’s Licence) and a valid NZBN/IRD as well as at least six months worth of bank statements.
If you’re looking for loans with larger sizes, you’ll require:
$100K – $250K: Information about the application including credit approval, 6-12 months of bank statements, IRD statement (if loan above $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, plus interim financials from the current financial year including Aged Payables, Aged Receivables Summary.
For an unsecured loan ($5K or more) We can usually provide an answer in just one hour, provided you apply within standard company timings and allow us to make use of the advanced bank verification system link to immediately verify your bank account information online. If you opt to upload copies of your bank statement, we’ll provide a decision in as little as one business day.
For the Larger Business Loan ($100K up to $500,000) we could be able to offer the conditional pre-approval within about six hours. Once you have signed the pre-approval document, you will require to wait approximately 2-3 days to receive final approval. However, this may be quicker depending on the specifics of each application. Some deals have been approved within just 24 hours.
The quickest method for you to apply is make sure you apply during normal business hours and let us use the modern bank verification link to instantly check your bank’s information online. If you choose to send us the copies of bank statements it may take a bit longer.
For the Small Business Loan ($5K and up) we can often offer a response in one hour if you apply in standard business timings and permit us to utilise the advanced bank verification system to instantly verify your bank details online. If you opt to upload copies of your bank statements, we are able to provide the decision in just one business day.
For the Larger Business Loans ($100K up to $500,000) we may be able to provide you with conditional pre-approval within six hours. After you’ve signed the pre-approval, turnaround times are approximately 2-3 days to receive final approval. However, it could be faster based 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 standard business hours, and let us use the modern bank verification to confirm your bank details online. If you decide to upload the copies of bank statements it takes a bit longer.
We offer loans that range from $5,000 and $500,000. When you submit an application for a certain amount, we take into consideration a range of aspects to determine your well-being of the company and the extent of repayments that your company can support. The total amount of the loan will be determined by the specifics for your business.
When you apply for a set amount, we look at a range of elements to determine the health that is your company and the level of repayments that your business will be able to support. The total amount of your loan will be contingent on the particular circumstances the business.
When you request the company loan, we’ll assess the risk profile for your company and provide you with a tailored offer that includes the amount of the loan, the duration and the interest rates. It is a business loan is a loan that is priced upfront and you’ll know the exact amount you will have to pay, including costs, fees, or interest rates.
Interest rates for business loans rates differ based on various factors like the amount of money that is borrowed, what business assets the funds are used to purchase as well as the field the company is in, how long the business has been in operation for, whether the company has sufficient cash flow to support the loan, and the general health or creditworthiness of the business.
There are no hidden fees with our company loans, and you’ll know precisely how much you be required to pay, and at what time, from the day you sign up. There’s no compounding and no extra fees (as as you make your payments in time).
We do not charge an Application Fee. You can apply for a loan no cost upfront or obligation to proceed.
The Origination Fee includes the expenses associated with establishing and managing the loan. The only way to pay this fee if you decide to take the loan. The Origination Fee for us is 2.5 percent of the amount of loan.
You may choose to pay back the entire amount of your loan early at any time.
If you decide to do this please contact our helpful company loans specialists. We will provide you with details for repayment along with an early payout estimate. This is calculated as the total of the principal balance and the accrued interest up to the date of early payout and 1.5% of the remaining principal plus any outstanding fees.
To help you avoid missing repayments and to fit in with your cash flow cycle we provide payments that are either weekly or daily. These are automatically deducted from the nominated company account.
Security of your data, and making it clear how we collect, use, exchange and secure your information, is vital and a vital element of our relationship with you.
Yes. We use industry recognised encryption standards to secure your personal, sensitive financial information and our funders are ISO 27001 certified for our dedication to security for our clients and security. We employ a highly sophisticated bank verification system link to instantly confirm your bank account information online. This allows us to offer quick responses.
Asset-based borrowing is when an business owner utilises an asset that they own to make the funds for a loan. The asset could be an asset belonging to the personal, like the family home, or it could be a business asset like a truck or other piece of machinery.
The vast majority of banks, including the major banks, prefer to secure loans against an asset. If you are having difficulty paying back the loan then your assets could be transferred to the lender. In essence, it’s the process of securing new funding making use of the value of what you already have.
Up to $150K in loans the requirement for asset security is not required prior to the loan’s access, however we require a personal guarantee. need a personal guarantee. In the event that you fulfill the loan terms (as stipulated in your loan contract) Asset security will never be required. For loans of over $150K generally there is a personal guarantee and security is provided in the form of a charge over assets.
