Services in Puni
- Unsecured Business Loan Puni
- Puni Business Finance
- Business Lending Puni
- Puni Business Loans
- Small Business Finance Puni
- Business Funding Puni
- Working Capital Puni
- Puni Small Business Lending
- Short Term Business Loan Puni
The requirements for obtaining an unsecured business loan in Auckland of between $5K and $100K is fairly low.
Looking for more funding? Take a look at the guidelines for eligibility for our $100K-$500K company loan.
All that’s needed to start is your contact information (company name, your name, email address and telephone), how much you’d like to borrow, and your monthly earnings.
In the course of the process and before settlement we will need confirmation of your identity, but not before we can begin:
Additionally after we get started with loans that exceed $150,000, you’ll require the following financial statements:
Let’s get started now.
Auckland unsecured loans provides amounts between $5,000 and $100,000, with terms ranging from 3 and 24 months. They also offer cash flow-friendly repayments, which are either daily or weekly.
You can apply to this Small Business Loan in under 10 minutes online or by phone. You will receive an instant response and have the funds in your account within 24 hours. Traditional company loans have an interest rate per annum along with other charges and fees. Our company loan is a cash-based loan which means you know ahead of time the total amount payable including any fees, interest or charges. Then, it is broken down into a daily or weekly amount to be paid back.
A Small Business Loan can be used for almost every business need, such as the management of cash flow, company improvements, advertising to purchase inventory or new equipment, or as general working capital, and much more. The loan is not available for personal reasons.
The Larger Business Loan is a larger amount of loan to help business growth opportunities. Loans are between $100,000 and $500,000 for a fixed period of that can last up to 36 months. Repayments are scheduled weekly or fortnightly to work with your cash flow.
The Larger Business Loan has an Origination Fee, which is determined at 2.5 percentage of the loan amount.
To qualify for a loan in this amount, your business needs to be operating for at least three years and have an annual turnover of $700K. The applicant must also be a New Zealand Citizen (or Permanent Resident) with a minimum age of 18 years old as well as own 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 use, including business renovations, purchase of inventory or new equipment, as general working capital and so much more. The loan cannot be used to fund personal expenses.
Asset security is needed to obtain funding above $150,000. This can be done by taking a charge on assets, and may be registered on the PPSR or the registration of as a caveat.
A personal or director’s guarantee is a promise to repay credit that is generally based rather than defining the security of a specific asset. The person who is signing the guarantee is personally accountable if the business lender is not able to pay back the debt.
The Personal Property Securities Register (PPSR) is an online central register that is operated by the New Zealand Government. It contains security interests that are registered for personal property (including items or assets). The PPSR permits priority over personal property to be assigned in accordance with the date on which a security interest has been registered.
Caveats are legal document lodged to offer notice of a legal claim on a property.
When you’re applying for larger company loans of $250K or more we may be able to provide an initial pre-approval to ease the process. We might be able to get this done without credit checks and within 6 hours of the initial application. This pre-approval is based on a preliminary assessment which includes answering a couple of financial health checks. It is neither an offer nor a guarantee of credit. Unconditional approval is subject to an exhaustive credit evaluation, and any offer you receive could be subject to different conditions.
You can apply for a company loan if you;
The application process is simple and simple. Just complete the online application within a few minutes and an experienced business expert in lending will be in touch to guide you through the process.
For a loan of up to $100,000 you’ll require the right identification documents (valid Driver’s Licence) and a valid NZBN/IRD as well as at least six months worth of bank statements.
Otherwise, for larger loan sizes, you’ll need:
$100K-$250K: Information about the application including credit consent, 6 – 12 months of IRD statements, bank statements (if credit is over $150K).
$250K-$500K: Application details including credit consent twelve 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 up to $100,000) we usually provide an answer within an hour – as long as you submit your request within standard business times and allow us to utilise the advanced bank verification system to immediately verify your bank account information online. If you opt to upload copies of your banking statements , we’ll be able to provide the decision in just one business day.
For the Larger Business Loan ($100K and up) we could be likely to offer you with pre-approval conditional to your application within six hours. Once you’ve signed the pre-approval, the turnaround time is between 2 and 3 days for the final approval, however this can be quicker based on the particular circumstances of each application. Some deals have been approved within just 24 hours.
The fastest way can be make sure you apply during normal company hours, and let us use the advance bank verification to instantly verify your bank information online. If you decide to send us copies of your bank statements it may take a bit longer.
For the Small Business Loan ($5K to $100K) we typically provide an answer within one hour, provided you make your application at normal business time and let us use the bank verification system link to instantly verify your bank information online. If you want to upload copies of your banking statement, we’ll provide an answer in as little as 1 business day.
If you are applying for Larger Business Loans ($100K or more) we may be able to provide you with pre-approval conditional to your application in around 6 hours. Once you have signed the pre-approval document, you will need to wait between 2 and 3 days for the final approval, however it could be faster based upon the circumstances for each application. Some deals have been approved in the space of 24 hours.
The fastest method can be ensure you apply during normal business hours, and allow us to use the modern bank verification link to instantly 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 to $500,000. When you make an application for a particular amount, we will consider a number of aspects to determine what is the health of the company as well as the amount of repayments your company will be able to support. The total amount of your loan will be contingent on the particular circumstances for your business.
When you submit an application for a set amount, we look at a range of variables to determine the health that is your company and the level of repayments your business can afford. The total amount of your loan will be determined by the specifics of your company.
When you request our business loans, we will assess the risk profile for your company and offer an individualised offer that includes the amount of the loan, the duration and interest rates. The business loan is a loan that is priced upfront therefore you will be aware of the total amount to be paid, including any charges or interest.
Interest rates for company loans rates vary due to factors such as the amount that is borrowed, what business assets the money are used to purchase as well as the field the company operates in, how long the company has been operating as well as whether the company has sufficient cash flow to support the loan, as well as the overall well-being as well as creditworthiness company.
There aren’t any hidden costs for our business loans. You’ll know exactly how much you’ll be required to pay and at what time, from the very first day. There’s not any compounding interest and no extra fees (as long as you are able to make your payments on time).
We do not charge an application fee. You are able to apply for a loan with absolutely no upfront cost and no obligation to proceed.
The Origination Fee includes the expenses associated with setting up and managing the loan. It is only charged for this fee if you decide to take the loan. The Origination Fee for us is 2.5% of the loan amount.
You may choose to pay back the total amount of your loan early at any time.
If you do decide to do this please talk to one of our helpful company loans specialists. They will provide you with details on repayment and an early payment figure. The figure will be calculated as the total of the principal remaining and any accrued interest at the date of early payout plus 1.5% of the principal remaining as well as any outstanding fees.
To make sure that you don’t miss payment dates and to align with your cash flow cycle we offer repayments that are either weekly or daily. They are automatically deducted from the nominated company account.
The security of your personal information, as well as knowing the ways we gather data, process, exchange and secure your information, is of paramount importance and is an essential aspect of our relationship with you.
Yes. We make use of industry-standard encryption standards to secure your sensitive, personal and financial data and our funders are ISO 27001 qualified for our commitment to security for our customers and privacy. We utilise a sophisticated bank verification system to instantly verify your bank account information online to provide quick responses.
Asset-based borrowing occurs when an company owner uses the assets they have to secure the funds for a loan. The asset may be a personal asset like the family home or it could be a company asset such as a vehicle or piece of equipment.
The majority of banks, not just the major banks, prefer to guarantee loans against assets. If you have trouble paying back the loan, then your assets could be taken over by the lender. In essence it is means of securing additional financing taking advantage of the value of what you already have.
For loans that exceed $150K, no asset security is required prior to the loan’s access, however we do need a personal guarantee. If you adhere to the loan terms (as specified in the loan contract) Asset security is not required. For loans over $150K generally there is the option of a personal guarantee and security in the form of the charge of assets.
