An Epsom unsecured business loan is quick and easy to apply for. Apply for a loan quickly and use the money for your company.
You can expect:
The eligibility requirements for an unsecured business loan within Epsom are fairly minimal.
Call Now 0800 510 025The process of applying for the business loan in Epsom with us is easy and takes just less than a minute, with no mountains of paperwork or queues.
Receive approval and money within 1 – 2 business days.
We aim to help Epsom companies of all types, whether small, medium or solopreneurs to access quick funding so that they can utilise the loan to grow and build.
The criteria for eligibility for an unsecured business loan in Epsom of between $5K and $100K are pretty minimal.
Do you need more money? Take a look at the conditions of eligibility for our $100K to $500K company credit.
The criteria for eligibility in the larger Epsom company loans of between $100K to $500K comprise:
Looking for a smaller amount of funds? Take a look at the eligibility requirements for our $5K to $100K Epsom unsecured company loans.
An Epsom unsecured loan is perfect for nearly every business need. Call us now.
Want to get started on one of these options as early as tomorrow? Then get in touch with us now or apply online for the quickjest fasted way.
All that’s required to begin is your contact details (the name of your company, your name, email and telephone) along with the amount you want to borrow, and your monthly revenue.
Through the process and before settlement we’ll require confirmation of who you are, but not to get started:
Once we’ve started in the process, for loans of more than $150,000 you’ll also require the following financial statements:
Let’s get started.
With banks and traditional lenders increasing their credit requirements The steady flow of non-bank and alternative loan providers that are entering the market offers an incredible source for you to make use of.
Epsom SME’s are now capable of accessing finance through other lenders in Epsom who are focused on enabling company growth or smoothing cash flow issues. The past was when individual credit providers (drawing equity from the home loan, or using credit cards and personal loans as well as overdrafts) provided the most viable alternative financing solutions for Epsom that were available.
There is now no need to depend on using real estate to secure business loans. With an unsecured loan business financing is now easy. Instead of a term loan through banks, business finance for a small company with interest rates and loan terms that help with cash flow are around as business credit options.
There are many benefits with separating personal and business debt.
Lower your risks, make your tax time more simple, apply for an unsecured busines loan. Make an application today.
One major benefit of keeping your individual and business assets apart can be that your home isn’t necessarily tied up to the funds. For a small business loan within Epsom up to $100K, asset security will not be required so long as the borrower is able to meet their loan obligations.
Businesses are in a more favourable long-term position if they have a good credit or debt capacity to pay.
Separating personal and business finances makes it significantly more seamless in the event of tax time - especially when it comes to determining the tax-deductible allocation. Particularly when determining what is the tax deductible allocation. IRD has outlined the guidelines on the proof required in order to deduct deductions from an organisation’s tax return. This is an area the IRD has specifically advised on.
Effective cash flow management is crucial to the long-term success in any company. By maintaining personal as well as business finances distinct, companies can easily view the situation, track and plan based on their ability to accurately evaluate their cash flow situation.
Epsom unsecured loans provides amounts between $5,000 and $100,000, with terms ranging from 3 and 24 months and cash flow-friendly repayments which can be made daily or weekly.
Apply to the Small Business Loan in under 10 minutes by phone. You will receive an immediate response, and the money could be in your account in 24 hours. Traditional company loans reference an annual rate of interest as well as other fees and charges. The business loan is a cash-based loan therefore you’ll be aware of the total amount to be paid, including any fees, interest or charges. This is then broken down into either a daily or weekly payment amount.
The Small Business Loan can be used for nearly any business need, such as managing cash flows, business improvements, advertising for purchasing inventory or new equipment, to fund general working capital and so much more. The loan is not available for personal use.
The Larger Business Loan is a larger size loan to aid in company expansion opportunities. Loans range between $100,000 and $500,000 for a fixed period of up to 36 months. Repayments are either weekly or fortnightly depending on your cash flow.
A Larger Business Loan has an Origination Fee, calculated at 2.5% of the loan amount.
To be eligible for a credit that is this large, your company needs to have been trading for at least 3 years, and have an annual income of $700,000. Your company must belong to a New Zealand Citizen (or Permanent Resident) at least 18 years old and have a New Zealand company (with a valid NZBN/IRD) and be able to demonstrate at minimum 12 months of continuous trading.
A Larger Business Loan can be used for almost all company purpose including company improvements, purchasing new equipment or inventory or as general working capital, and much more. The loan is not available for personal purposes.
Asset security is necessary for accessing funds over $150,000. It’s as a result of an charge against assets and can include registering this through the PPSR or registering as a caveat.
A director’s or personal guarantee is a commitment to repay a loan which is general in nature, rather than specifying the security of a specific asset. The person signing the guarantee is personally liable in the event that the company creditor is unable to make the repayment.
The Personal Property Securities Register (PPSR) is a central, national online registry run by the New Zealand Government. It lists security interests that are granted to individuals who own personal property (including goods or assets). The PPSR gives priority over personal property to be granted depending on the date that a security interest has been registered.
An affidavit is an official document that is filed to offer notice of a legal claim to a property.
If you’re requesting a Larger Business Loan that exceeds $250,000 we may be able to provide an initial pre-approval in order to make the process. We may be able to get this done without a credit check, and within 6 hours of the initial application. The pre-approval is based upon an initial assessment that includes answering a couple of financial health questions. This is in no way an offer, nor is it a guarantee of funds. The approval of a conditional loan is subject to an assessment of your creditworthiness and any offer you are offered could have different conditions.
You can apply for a business loan if you:
The process for applying is fast and simple. Just fill out the online application within a couple minutes, and a dedicated company credit specialist will be in touch to help you.
For a loan of up to $100,000 you’ll require the right identification documents (valid Driver’s License), an NZBN/IRD that is valid and at least 6 months’ worth of bank statements.
For larger loan sizes, you’ll require:
$100K to $250K: Application requirements, including credit consent, 6 – 12 months of bank statements, IRD statement (if credit is over $150K).
$250K to $500K: Details of the application, including credit consent as well as 12 months of bank records, IRD statement, last 2 years finalised financial statements, plus interim current financial year financials such as age-related payables and aged Receivables Summary.
For an unsecured loan ($5K to $100K) We can usually provide an answer in just one hour – as long as you make your application at quality company timings and permit us to utilise the advanced bank verification system to instantly verify your bank details online. If you want to submit copies of your bank statements we can offer the decision within just 1 company day.
If you are applying for a Larger Business Loan ($100K up to $500,000) we could be able to offer you with a conditional pre-approval in around 6 hours. Once you’ve signed the pre-approval, the turnaround time is around 2-3 days for final approval, however it could be faster based upon the circumstances for each application. Certain offers have been approved within 24 hours.
The fastest way is to ensure you apply during standard company hours. You can also allow us to use our advance bank verification to instantly confirm your bank details online. If you opt to upload documents from your account statements , it may take a bit longer.
For the Small Business Loan ($5K to $100K) we usually provide an answer in just one hour – provided you apply during standard business timings and you allow us to utilise the advanced bank verification system to immediately verify your bank account information online. If you decide to upload copies of your bank statements, we are able to provide an answer within 1 business day.
For the Larger Business Loans ($100K and up) We may be likely to offer you with conditional pre-approval within about 6 hours. Once you’ve signed the pre-approval document, you will require to wait around 2-3 days for final approval. However, this could be shorter based on the circumstances of each application. Some deals have been approved in the space of 24 hours.
The quickest method for you to apply is make sure you apply during normal business hours. Also, let us use the sophisticated bank verification to confirm your bank details online. If you decide to send us the copies of bank statements it can take a bit longer.
We offer loan amounts between $5,000 and $500,000. When you submit an application for a certain amount, we consider a variety of factors that determine the health that is your company and the amount of repayments your business will be able to support. The amount you receive from the loan will be determined by the particular circumstances for your business.
When you apply for a set amount, we look at a range of aspects to assess your well-being that is your business and the level of the repayments your business can afford. The total amount of your loan will be determined by the particulars of your company.
If you decide to request one of our company loan, we’ll assess the risk assessment for your company and provide an individualised offer, including the amount of the loan, the duration and interest rates. This business loan is an upfront cost loan and you’ll know in advance the total amount payable including any charges, interest rates or fees.
The interest rates on company loans rates vary due to factors like the amount of money borrowed, the company assets the money will be used for in addition to the industry that the company is operating in, how long the company has been running as well as 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 business.
There are no hidden fees for our business loans. You’ll know precisely how much you’ll be required to pay and when, starting from the very first day. There’s no compounding interest and the loan comes with no additional fees (as as you make your payments on time).
We don’t charge an Application Fee. You can request a credit loan no cost upfront or any obligation to sign up.
The Origination Fee is the cost associated with the setting up and management of the loan. The only way to pay this fee if you choose to proceed with the loan. Our Origination Fee is 2.5 percentage of the loan amount.
You can repay the entire amount of the loan at any point in time.
If you do decide to pursue this option, please talk to one of our helpful business loans specialists. They’ll provide you with details on repayment and an early payment figure. The figure will be calculated as the sum of the principal balance and accrued interest to the time of the early payout in addition to 1.5 percent of the principal remaining and any fees that remain unpaid.
To make sure that you don’t miss due dates and also to be in line with your cash flow cycle we provide payments that are either weekly or daily. They will be automatically deducted from the nominated company account.
Making sure that your information is secure, and being clear about how we collect, use, exchange and safeguard your data, is of huge importance and an integral part of our relationship you.
Yes. We use industry recognised encryption standards to protect your personal, sensitive and financial data and our funders are ISO 27001 certified for our dedication to security for our customers and security. We use an advanced bank verification system that allows you to immediately verify your bank account information online to offer rapid response.
An asset-based loan is when the business owner borrows from an asset they own to obtain a loan. The asset may be an individual asset, such as the family home, or it could be a company asset such as a truck or piece of equipment.
The vast majority of lenders, including the major banks, prefer to secure loans against assets. If you are having difficulty paying back the loan then the asset might be taken over by the lender. In essence, it is the process of securing new financing by using the worth of the asset you already own.
For loans up to $150K no asset security is required upfront to access the money but we do require the personal guarantee. So long as you comply with the terms of your loan (as stipulated in your loan contract document) the security of assets is not needed. For loans of over $150K typically, you will need a personal guarantee and security is provided in the form of the charge of assets.
We can’t assist with an unsecure business loan in those industries, we might be able to help you by providing an secured business loan.
