Services in Puni
- Unsecured Business Loan Puni
- Puni Business Finance
- Business Lending Puni
- Puni Business Loans
- Puni Small Business Finance
- Business Funding Puni
- Working Capital Puni
- Small Business Lending Puni
- Short Term Business Loan Puni
The eligibility requirements for an unsecured business loan in Auckland of between $5K and $100K is fairly low.
Are you looking for additional funding? Take a look at the conditions of eligibility for our $100K-$500K company financing.
All that is needed for starting is your contact information (the name of your company, your name, email and telephone), how much you’d like to borrow, and your monthly income.
During the process and before settlement we will need 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 require fundamental financial statements:
Let’s get started now.
Auckland unsecured loans provides amounts of between $5,000 and $100,000. Terms range from 3 and 24 months and cash flow friendly repayments that are either daily or weekly.
The application for your Small Business Loan in under 10 minutes online or over the phone. You’ll get an immediate response, and the funds could be available in just 24 hours. Traditional company loans refer to an annual interest rate as well as other fees and charges. We offer a company loan is a cash-based loan therefore you’ll be aware of the total amount to be paid, including any fees, charges or charges. Then, it is divided into weekly or daily payment amount.
The Small Business Loan can be used for nearly every company need, such as the management of cash flow, company improvements, advertising to purchase inventory, new equipment, to fund general working capital, and much more. The loan is not available for personal reasons.
The Larger Business Loan is a larger size loan to aid in business expansion opportunities. Loans are between $100,000 and $500,000 with a term fixed up to 36 months. Repayments are scheduled weekly or fortnightly in order to accommodate your situation.
A Larger Business Loan has an Origination Fee that is determined at 2.5% of the amount of the loan.
To be eligible for a loan in this amount the business needs to have been operating for a minimum of 3 years, and have an annual income of $700,000. You must be a New Zealand Citizen (or Permanent Resident) who is over the age of 18 or have a New Zealand business (with a valid NZBN/IRD) and be able of proving at minimum 12 months of continuous trading.
A larger company loan can be used for nearly all company purpose including business renovations, to purchase inventory or new equipment as well as for general working capital, and much more. The loan cannot be used for personal use.
Asset security is required for funding of more than $150,000. It’s by taking a charge over assets, and could include registering this in the PPSR or the registration of as a caveat.
A personal or director’s guarantee is a guarantee to repay a loan which is generally based rather than defining the security for 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 a central, national online register operated by the New Zealand Government. It reflects security interests that are registered for personal property (including goods or assets). The PPSR grants priority over personal property to be assigned depending on the date that a security interest was registered.
Caveats are legal document that is filed to provide an official notice of a claim against a property.
When you’re applying for a Larger Business Loan that is greater than $250K we may be able to provide an initial pre-approval in order to smooth out the process. It is possible to apply for this without a credit check, and within 6 hours of your initial application. The pre-approval process is based on an initial evaluation that involves you answering some financial health checks. It is not an offer or guarantee of financing. Acceptance without condition is subject to an exhaustive credit evaluation, and any offer that you might receive could be based on different conditions.
You may apply for an company loan if you
The application process is quick and simple. Simply complete the online form within a few minutes and a dedicated company loan specialist will call you to guide you through the process.
For a loan of up to $100,000, you’ll need identification details (valid Driver’s Licence) and an NZBN/IRD that is valid and at least 6 months of bank statements.
If you’re looking for loans with larger sizes, you’ll require:
$100K – $250K: Application details including credit consent, 6 – 12 months of bank statements, IRD statement (if loan above $150K).
$250K-$500K: Details of the application, including credit consent and 12 months bank statement, an IRD statement Last 2 years’ finalised financial statements, as well as interim financials from the current financial year including Aged Payables, Aged Receivables summary.
For an unsecured loan ($5K to $100K) we usually provide an answer within an hour – as long as you apply during quality company hours and you allow us to utilise the advanced bank verification system to instantly verify your bank information online. If you want to send us copies of your bank statement, we’ll offer the decision in as little as an company day.
If you are applying for a Larger Business Loan ($100K up to $500,000) we could be likely to provide you with a conditional pre-approval within six hours. Once you’ve signed the pre-approval, turnaround times are around 2-3 days for final approval, however this could be shorter based on the circumstances of each application. Some deals have been approved within just 24 hours.
The fastest way would be to ensure you apply during normal company hours and allow us to use our modern bank verification to verify your bank information online. If you choose to send us the copies of bank accounts, it takes a bit longer.
For the Small Business Loan ($5K or more) We can usually offer an answer in just one hour – provided you apply during normal business time and allow us to make use of the advanced bank verification system link to immediately verify your bank account information online. If you decide to upload copies of your banking statements, we will be able to provide an answer in just an business day.
For Larger Business Loans ($100K and up) we might be capable of offer you with a conditional pre-approval in 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 could be shorter based on the particular circumstances of each application. Some deals have been approved in 24 hours.
The quickest method for you to apply is make sure you apply during standard business hours and allow us to use our advance bank verification to verify your bank information online. If you decide to send us the copies of bank statements it may take a bit longer.
We offer loans that range from $5,000 to $500,000. If you apply for a particular amount, we take into consideration a range of factors to determine how much we can lend you health that is your business and the amount of repayments that your company can afford. The amount you receive from your loan will depend on the specific circumstances the business.
When you apply for a set amount, we take into consideration a variety of aspects to determine how much we can lend you such as health that is your business and the extent of repayments that your business can afford. The amount you receive from your loan will be determined by the particular circumstances for your business.
When you make an application for business loans with us business credit, we will assess the risk profile for your business and provide an individualised proposal that includes the amount of the loan, the duration and the interest rates. This company loan is an upfront priced loan therefore you will know in advance the total amount payable including any charges, interest rates or fees.
The interest rates on business loans rates vary due to variables like the amount to be of money borrowed, the company assets the money are used to purchase, the industry the business operates in, the long the company has been in operation for, in the event that the business has enough cash flow to cover the loan, as well as the general well-being and creditworthiness of the company.
There aren’t any hidden costs for our company loans, and you’ll be aware of the amount you’ll be required to pay, and when, from the very first day. There’s no compounding and there are no additional charges (as as long as you pay your payments in time).
We don’t charge an Application Fee. You are able to get a cash loan with with no upfront cost or the obligation to take action.
The Origination Fee covers the costs associated in 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% of the loan amount.
You may choose to pay back the entire amount of the loan early at any time.
If you are deciding to do this please talk to one of our helpful company loan professionals. We will offer you with details for repayment along with an early payout estimate. The figure will be calculated as the total of the principal balance plus any accrued interest as of the time of early payout and 1.5 percent of the principal remaining as well as any outstanding fees.
To make sure that you don’t miss payments and to work your cash flow schedule, we provide repayments either daily or weekly. They will be automatically deducted from your nominated business account.
Security of your data, and knowing the ways we gather information, use it, and exchange it, as well as protect your information, is vital and is an essential part of our relationship you.
Yes. We utilise industry-recognised encryption protocols to safeguard your personal, sensitive as well as financial data. 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 that allows you to instantly confirm your bank account information online. This allows us to provide quick responses.
The term "asset-based" refers to borrowing where an business owner borrows from the assets they have to secure the funds for a loan. The asset could be an individual asset, such as the family home, or a business asset such as a vehicle as well as a piece of machine.
The majority of lenders, not just the big banks, tend to make loans secured by assets. If you’re struggling to pay back the loan then your asset may be offered for sale by the lender. In essence it is means of securing new financing using the value of what you already own.
For loans that exceed $150K, there is no requirement for asset security upfront to access the money, however we do require an individual guarantee. If you adhere to your loan commitments (as specified in your loan contract document), asset security will never be needed. For loans that exceed $150,000, typically, you will need personal ensure and security in the form of charges on assets.
