An Epuni unsecured business loan is simple and quick to get. Get a quick apporval and begin using the money in your company.
You can expect:
The criteria for eligibility for an unsecured business loan in Epuni are fairly minimal.
Call Now 0800 510 025Applying for business loans in Epuni business credit in Epuni with us is easy and takes just some minutes, without mountains of paperwork or queues.
Be approved and receive your funds within 1-2 company days.
Our purpose is to assist Epuni businesses of all types, whether small, medium or solopreneurs to access quick funding so that they can take advantage of loans to expand and develop.
The requirements for getting an unsecured business loan in Epuni of between $5K and $100K is fairly low.
Looking for more funding? Review the guidelines for eligibility for our $100K to $500K company loans.
The criteria for eligibility for larger Epuni business loans of between $100K and $500K are:
You are looking for a lesser amount of funds? Look over the eligibility requirements for our $5K to $100K Epuni unsecured company loans.
An Epuni unsecured loan is perfect for almost every business use. Call us now.
Want to get started on one of these idea as quickly as tomorrow? So, contact us now or apply online to get the fastest and most effective process.
All you need to get started is your contact details (the name of your company and your name, as well as email or phone number), how much you want to borrow, and your monthly income.
During the process and before settlement we’ll need confirmation of who you are but not before we can begin:
Additionally after we get started in the process, for loans that exceed $150,000, you’ll also need the following financial statements:
Let’s get started now.
With traditional lenders and banks restricting credit The steady flow of non-bank and alternative loan providers entering the market provides an excellent source for you to tap into.
Epuni SME’s are now being able to get finance from alternative lenders that service Epuni who are focused on enabling company expansion or smoothing out cash flow challenges. In the past, when personal credit sources (drawing equity from the home loan, or by using credit cards or personal loans, as well as credit cards) were the only alternative funding solutions within Epuni that were available.
There is now no need in the present to rely on real estate to secure business lending. With an unsecured loan business financing is now easy. Instead of a term loan through the bank, business finance for a small business with interest rates and loan terms that can help to manage cash flow are available as business lending options.
There are numerous benefits with separating personal and business debt.
Reduce your risk, and make tax times easier, get started with an unsecure loan for business. Apply today.
One of the main benefits of keeping your private and company assets apart can be that your home isn’t tied to allow access to the funds. If you’re looking for a small business loan in Epuni up to $100K an asset security agreement will not be required so long as the borrower meets the loan requirements.
Companies are in a advantageous long-term situation if they can show good credit and debt capability.
The separation of personal as well as company finances makes it much more seamless with regards to tax time, especially when it comes to determining the tax-deductible amount. The IRD has laid out rules on the evidence required to claim deductions on an individual’s tax return. This is a subject that the IRD have specifically advised on.
A well-organised cash flow management system is essential to the long-term viability in any company. Through keeping personal and company finances distinct, businesses can easily view their cash flow, plan and monitor it based on the ability to clearly examine their cash flow.
Epuni unsecured loans offers amounts of between $5,000 and $100,000, with terms ranging from 3 and 24 months, cash flow-friendly repayments which can be made daily or weekly.
You can apply to get this Small Business Loan in under 10 minutes online or by phone. You will receive an answer within the same day and have the funds in your account in 24 hours. Traditional business loans are based on an annual interest rate plus other fees and charges. We offer a business loan is a loan that is priced upfront which means you be aware of the amount you will have to pay, including any fees, charges or charges. This is then broken down into either a daily or weekly repayment figure.
It is a Small Business Loan can be used for virtually any business reason, such as cash flow management, business remodeling, marketing to purchase inventory or new equipment, or 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 company expansion opportunities. Loans range between $100,000 and $500,000 with a term fixed for up to 36 months. Repayments are weekly or fortnightly in order to accommodate your cash flow.
This Larger Business Loan has an Origination Fee, calculated at 2.5 percentage of the amount of the loan.
To be eligible for a credit that is this large the business needs to have been trading for at least 3 years and have an annual turnover of at least $700,000. The applicant must also be a New Zealand Citizen (or Permanent Resident) at least 18 years old as well as own a New Zealand company (with a valid NZBN/IRD) and be able to demonstrate at the least 12 months of operating.
A large business loan is a great option for almost all company need, including business renovations, purchase of new equipment or inventory as well as for general working capital and much more. The loan is not available to fund personal expenses.
Asset security is needed for accessing funds over $150,000. It’s by way of charge against assets, and could be registered on the PPSR or filing a caveat.
A director’s or personal guarantee is a promise to pay back a loan that is generally based rather than stipulating security over an asset. The person who signs the guarantee is personally responsible if the company 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 lists security interests that are granted to individuals who own personal property (including objects or assets). The PPSR grants prioritisation over property that is personal to be assigned in accordance with the date on which a security interest that is registered.
An affidavit is an official document filed to offer an official notice of a claim against a property.
If you’re applying for larger business loans of $250,000 or more we can offer an initial pre-approval to 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 a preliminary assessment which includes you answering a few financial health questions. It is not an offer of credit or guarantee of funds. Acceptance without condition is subject to an extensive credit evaluation and any offer that you may receive may be on different conditions.
You are eligible to apply for an company loan if you;
The application process is fast and easy. Simply complete the online form in few minutes and an experienced business loan specialist will be in touch to help you.
To be eligible for up to $100,000, you’ll require identification details (valid Driver’s License) along with an NZBN/IRD that is valid and at least six months worth of bank statements.
If you’re looking for loans with larger sizes, you’ll also require:
$100K-$250K: Details of application, including credit approval, 6-12 months of IRD statements, bank statements (if the loan is greater than $150K).
$250K to $500K: Application details including credit consent twelve months of bank statements, IRD statements 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 or more) we usually provide an answer within an hour, provided you apply during quality company timings and permit us to make use of the advanced bank verification system to instantly verify your bank information online. If you decide to upload copies of your bank statements we can provide an answer in just the span of one company day.
For the Larger Business Loan ($100K to $500K) we may be in a position to offer you with pre-approval conditional to your application in about 6 hours. Once you’ve signed the pre-approval, the turnaround time is around 2-3 days for final approval, however this can be quicker based on the specifics of each application. Certain agreements have been approved within just 24 hours.
The quickest way to apply can be ensure you apply during standard company hours. Also, allow us to use our advance bank verification to instantly check your bank’s information online. If you choose to send us duplicates of your banking statements , it takes a bit longer.
For the Small Business Loan ($5K or more) We can usually provide a response in one hour – as long as you make your application within standard business times and let us use the bank verification system link to instantly verify your bank details online. If you want to send us copies of your bank statements we can offer an answer within one business day.
If you are applying for Larger Business Loans ($100K and up) we may be in a position to provide you with conditional pre-approval in about six hours. Once you have signed the pre-approval form, it will take approximately 2-3 days to receive final approval, however it could be faster based upon the circumstances for each application. Some transactions have received approval within 24 hours.
The quickest method can be make sure you apply during standard business hours. You can also permit us to use the advanced bank verification system to confirm your bank details online. If you choose to send us the copies of bank accounts, it can take a bit longer.
We provide the loan amount between $5,000 to $500,000. If you apply for a certain amount we take into consideration a range of elements to determine the health of the company as well as the amount of payments your business can support. The total amount of your loan will depend on the specific circumstances the company.
When you submit an application for a specific amount we consider a variety of aspects to determine the well-being that is your business as well as the amount of repayments that your company can support. The total amount of your loan will be contingent on the particulars the business.
When you apply for our business loan, we’ll assess the risk profile of your business and provide you with a customised proposal that includes loan amount, term and interest rates. A company loan is an upfront cost loan and you’ll know the exact amount you will have to pay, including charges or interest.
Business loan interest rates depend on a variety of factors such as the amount that is that is borrowed, what company assets the money are used to purchase as well as the field the business is operating in, how long the business has been operating for, how long the company has enough cash flow to cover the loan, and the overall health and creditworthiness of the company.
There aren’t any hidden charges with our business loans. You’ll know exactly how much you need to pay, and when, starting from the day you sign up. There’s no compounding and no extra fees (as as long as you pay your payments on time).
We do not charge an application fee. You can apply for a loan without any upfront costs or any obligation to sign up.
The Origination Fee includes the expenses associated in establishing and managing the loan. It is only charged for this fee if you proceed with the loan. The Origination Fee for us is 2.5 percentage of the amount of loan.
You can repay all of your loan at any point in time.
If you do decide to take this route, please speak to our friendly business lending professionals. The professionals will provide you with the details of your repayment along with an early payout estimate. This is calculated as the total of the remaining principal amount plus any accrued interest as of the time of early payout, plus 1.5 percent of the principal remaining plus any outstanding fees.
To ensure you do not miss due dates and also to be in line with your cash flow general, we provide payments that are either weekly or daily. They are automatically deducted from your designated company account.
Making sure that your information is secure, and being upfront about the ways we gather the information we collect, use, share and protect your information, is of huge importance and a vital element of our relationship with you.
Yes. We make use of industry-standard encryption protocols to safeguard your sensitive, personal and financial data and 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 link to immediately confirm your bank account information online. This allows us to provide a fast response.
Asset-based borrowing is when the company owner makes use of the assets they have to secure a loan. The asset can be either an individual property, such as the family home or it could be a business asset like a truck as well as a piece of machine.
The vast majority of banks, including the major banks, prefer to make loans secured by assets. If you’re having trouble paying back the loan then your asset may be offered for sale by the lender. In essence, it’s the process of securing new financing by making use of the value of what you already own.
For loans up to $150,000 it is not necessary to secure assets upfront to access the money however, we require a personal guarantee. need an individual guarantee. So long as you comply with the terms of your loan (as stated in your loan contract document) and you are able to meet your obligations, asset security will never be required. If you take out loans in excess of $150,000 generally, you are able to get personal guarantee and security is provided in the form of the charge of assets.
While we aren’t able to help with an unsecured business loan in the above industries, we might be able to assist with a secured business loan.
