Services in Puni
- Puni Unsecured Business Loan
- Business Finance Puni
- Puni Business Lending
- Puni Business Loans
- Puni Small Business Finance
- Business Funding Puni
- Working Capital Puni
- Small Business Lending Puni
- Short Term Business Loan Puni
The requirements for obtaining an unsecured business loan in Auckland of between $5K to $100K are quite minimal.
Do you need more money? Take a look at the eligibility requirements for our $100K-$500K company financing.
All you need to get started is your contact information (company name and your name, as well as email, phone) along with the amount you’d like to lend, as well as your monthly income.
While in the process and before settlement we’ll need confirmation of your identity but not for starting:
Additionally after we get started in the process, for loans greater than $150,000 you will also require basic financial statements.
Let’s get started.
Auckland unsecured loans offers amounts of between $5,000 and $100,000. Terms range from 3 and 24 months and cash flow-friendly repayments that are either per day or weekly.
Apply for your Small Business Loan in under 10 minutes online or over the phone, receive an answer within the same day and have the funds in your account in 24 hours. Traditional company loans refer to an interest rate per annum along with other charges and fees. This business loan is a loan that is priced upfront therefore you’ll be aware of the total amount due, which includes any interest, fees or charges. This is then divided into a daily or weekly payment amount.
It is a Small Business Loan can be used to fulfill almost any business need, such as cash flow management, company remodels and marketing to purchase inventory or 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 business expansion opportunities. The loan ranges from $100,000 to $500,000 with a fixed-term for up to 36 months. The repayments are made weekly or fortnightly, depending on your cash flow.
It is crucial to note that the Larger Business Loan has an Origination Fee which is determined at 2.5 percentage of the amount of the loan.
To be eligible for a credit in this amount, your company needs to be trading for at least 3 years, and have an annual income of $700,000. You must be a New Zealand Citizen (or Permanent Resident) over 18 years and have a New Zealand business (with a valid NZBN/IRD) and be able of proving at minimum 12 months of continuous trading.
A Business Loan of a larger size can be used for nearly every company use, including business remodeling, buying equipment or inventory as well as for general working capital and so much more. The loan cannot be used for personal purposes.
Asset security is required for funding of more than $150,000. It’s by taking a charge against assets and can include registering this with the PPSR or making as a caveat.
A personal or director’s guarantee is a guarantee to repay credit that is generally in nature rather than specifying the security of a specific asset. The person who signs the ensure is personally accountable if the business creditor is unable to re-pay the debt.
The Personal Property Securities Register (PPSR) is a central, national online register that is operated by the New Zealand Government. It contains security interests which are registered with respect to personal property (including items or assets). The PPSR allows prioritisation over property that is personal to be assigned according to the date a security interest has been registered.
A caveat is a legal document that is filed to offer an official notice of a claim on a property.
If you’re requesting a Larger Business Loan that exceeds $250,000, we may offer a preliminary pre-approval to help ease the process. It is possible to get this done without a credit check, and within 6 hours of the initial application. The pre-approval process is based on an initial evaluation that involves answering a couple of financial well-being questions. It’s in no way an offer, nor is it a guarantee of credit. A conditional approval is subject an assessment of your creditworthiness and any offer that you receive could be subject to different conditions.
You can apply for an business loan if you
The application process is quick and easy. Just complete the online application in just a few minutes, and an experienced company loan specialist will contact you to guide you.
To apply for up $100,000 you’ll need identification details (valid Driver’s Licence) along with a valid NZBN/IRD as well as at least six 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 IRD statements, bank statements (if you have a loan of more than $150K).
$250K – $500K: Details of the application, including credit consent, 12 months of bank records, IRD statement, last 2 years finalised financial statements, and interim financial statements for the current year, Aged Payables and Aged Receivables reports.
For an unsecured loan ($5K and up) We can usually offer an answer in just one hour if you submit your request within quality business timings and allow us to utilise the advanced bank verification system to instantly verify your bank information online. If you choose to upload copies of your bank statement, we’ll provide an answer in just an business day.
For the Larger Business Loan ($100K and up) we may be likely to provide you with pre-approval conditional to your application within six hours. After you’ve signed the pre-approval, the turnaround time is between 2 and 3 days for the final approval. However, this may be quicker depending on the specifics of each application. Some deals have been approved within 24 hours.
The fastest way is to make sure you apply during normal business hours. You can also allow us to use the modern bank verification link to confirm your bank details online. If you choose to upload the copies of bank statement, it takes a bit longer.
For the Small Business Loan ($5K up to $100,000) We can usually provide a response in one hour – provided you make your application within normal business timings and allow us to use the bank verification system link to instantly verify your bank’s information online. If you opt to upload copies of your banking statements, we will be able to offer an answer within 1 business day.
For Larger Business Loans ($100K and up) we could be capable of provide the conditional pre-approval in about six hours. Once you’ve signed your pre-approval, turnaround times are about 2-3 days for final approval. However, this could be shorter based on the specifics of each application. Some transactions have received approval in 24 hours.
The most effective method is to ensure you apply during normal business hours and allow us to use the advanced bank verification system to verify your bank account information online. If you send us duplicates of your banking statement, it takes a bit longer.
We offer loans that range from $5,000 and $500,000. When you make an application for a certain amount we look at a variety of elements for determining what is the health that is your company and the extent of repayments that your company will be able to support. The total amount of the loan will be determined by the particular circumstances of your company.
When you submit an application for a certain amount, we take into consideration a variety of factors to assess how much we can lend you such as well-being of your business and the amount of repayments your business can afford. The amount you receive from your loan will depend on the particulars the business.
If you decide to apply for one of our company financing, we will assess the risk assessment for your business and offer you with a tailored offer that includes the loan amount, the terms and the interest rates. This company loan is an upfront priced loan which means you be aware in advance of the total amount due, which includes any charges, interest rates or fees.
The interest rates on company loans rates depend on a variety of factors such as the amount that is of money borrowed, the business assets the money are used to purchase as well as the field the business operates in, how long the company has been operating as well as what percentage of the business has sufficient cash flow to fund the loan, and the overall health as well as creditworthiness company.
There aren’t any hidden charges for our business loans. You’ll know precisely how much you’ll need to pay, and at what time, from day one. There’s no compounding interest and no additional fees (as as long as you pay your payments in time).
We do not charge an Application Fee. You are able to get a cash loan with without any upfront costs or commitment to apply.
The Origination Fee covers the expenses involved with setting up and managing the loan. This is only a fee if you choose to proceed with the loan. Our Origination Fee is 2.5 percent of the amount of the loan.
You can repay the total amount of your loan at any point in time.
If you decide to pursue this option, please speak to our friendly business loans professionals. They’ll provide you with the details of your repayment along with an early payout estimate. This will be calculated as the sum of the principal balance and accrued interest to the date of early payout in addition to 1.5% of the principal balance and any fees that remain unpaid.
To help you avoid missing payment dates and to align with your cash flow cycle we provide repayments either daily or weekly. They will be automatically deducted from your designated company account.
The security of your personal information, as well as being clear about the ways we gather, use, exchange and ensure the security of your information is crucial and is a crucial part of our relationship with you.
Yes. We make use of industry-standard encryption protocols to safeguard your sensitive, personal financial information and our funders are ISO 27001 certified for our commitment to security for our customers and security. We utilise a sophisticated banking verification system to instantly verify your bank account details online. This allows us to provide a fast response.
An asset-based loan is when an business owner borrows from an asset they own to get the funds for a loan. The asset can be either an individual asset, such as the family home, or a company asset like a truck or piece of equipment.
The vast majority of banks, not just the major banks, prefer to make loans secured by an asset. If you have trouble paying back the loan, the asset might be taken over by the lender. In essence, it is means of securing additional financing making use of the value of what you already own.
For loans up to $150K it is not necessary to secure assets upfront to access the money however, we require a personal guarantee. need the personal guarantee. So long as you comply with the loan terms (as stipulated in your loan contract) the security of assets is not required. For loans of over $150K generally there is a personal ensure and security that is in the form a charge over assets.
