Services in Epuni
- Epuni Unsecured Business Loans
- Business Finance Epuni
- Business Lending Epuni
- Business Loan Epuni
- Epuni Small Business Finance
- Business Funding Epuni
- Working Capital Epuni
- Small Business Lending Epuni
- Short Term Business Loan Epuni
The eligibility requirements for an unsecured business loan in Lower Hutt of between $5K and $100K is fairly low.
Looking for more funding? Find out the conditions of eligibility for our $100K-$500K company credit.
All that’s required for starting is your contact information (company name, your name, email or phone number) as well as the amount you’d like to borrow and your monthly revenue.
While in the process and before settlement we’ll require confirmation of who you are but not for starting:
Once we’ve started, for loans of more than $150,000 you will also require fundamental financial statements:
Let’s get started now.
Lower Hutt unsecured loans offers the range of $5,000 to $100,000. The terms range between 3 and 24 month and cash flow friendly repayments which can be made daily or weekly.
The application for this Small Business Loan in under 10 minutes online or over the phone. You’ll get an immediate response, and funds may be available in just 24 hours. Traditional company loans reference an annual rate of interest plus other fees and charges. We offer a company loan is an upfront priced loan which means you be aware in advance of the total amount payable including the interest, fees and charges. Then, it is broken down into a daily or weekly amount to be paid back.
It is a Small Business Loan can be used for virtually any company reason, such as control of cash flow business remodeling, marketing to purchase inventory or new equipment, or as general working capital and much more. The loan cannot be used for personal purposes.
The Larger Business Loan is a larger loan size to support business expansion opportunities. The loan ranges from $100,000 to $500,000 for a fixed period of up to 36 months. Repayments are weekly or fortnightly depending on you cashflow.
It is crucial to note that the Larger Business Loan has an Origination Fee, determined at 2.5% of the loan amount.
To be eligible for a credit that is this large, your company needs to be operating for a minimum of 3 years, and have an annual income of $700,000. The applicant must also be a New Zealand Citizen (or Permanent Resident) who is over the age of 18 or have a New Zealand company (with a valid NZBN/IRD) and be able of proving at minimum 12 months of business.
A Larger Business Loan can be used for nearly every business use, including company renovations, purchase of equipment or inventory or as general working capital and much more. The loan cannot be used to fund personal expenses.
Asset security is necessary for accessing funds over $150,000. This is by taking a charge on assets and can be registered with the PPSR or making a caveat.
A personal or director’s guarantee is a promise to pay off a credit line that is general in nature rather than defining the security of a specific asset. The person who signs the guarantee is personally responsible if the company the borrower fails to pay back the debt.
The Personal Property Securities Register (PPSR) is an online, central registry run by the New Zealand Government. It reflects security interests granted to individuals who own personal property (including goods or assets). The PPSR grants priority over personal property to be granted according to the date a registration of a security interest.
A caveat is a legal document lodged to offer the legal claim to 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 that will help ease the process. We may be able to get this done without a credit verification and within six hours of your initial application. The pre-approval process is based on an initial assessment that includes you answering a few financial well-being checks. It is neither an offer nor a guarantee of financing. Acceptance without condition is subject to a full credit assessment and any offer you are offered could be subject to different terms.
You can apply for a business loan if you:
The application process is simple and easy. Just fill out the online application within a couple minutes, and an experienced company loan specialist will be in touch to help you.
For a loan of up to $100,000, you’ll need identification details (valid Driver’s License) as well as an active NZBN/IRD, and at least six months of bank statements.
Otherwise, for larger loan sizes, you’ll need:
$100K – $250K: Information about the application including credit consent, 6-12 months of bank statements, IRD statement (if loan above $150K).
$250K to $500K: Details for application including credit consent as well as 12 month bank accounts, the IRD statement and the last two years’ finalised financial statements, as well as interim current financial year financials including Aged Payables, Aged Receivables summaries.
For an unsecured loan ($5K and up) we typically provide an answer within one hour if you apply at standard business timings and permit us to utilise the advanced bank verification system to instantly verify your bank’s information online. If you want to send us copies of your bank statements , we are able to offer the decision in as little as 1 company day.
If you are applying for a Larger Business Loan ($100K and up) we may be capable of offer you with conditional pre-approval in about six hours. After you’ve signed your pre-approval form, it will take approximately 2-3 days to receive final approval. However, this can be quicker based on the circumstances of each application. Some agreements have been approved within less than 24 hours.
The quickest method for you to apply is make sure you apply during standard company hours. Also, allow us to use the modern bank verification link to confirm your bank details online. If you send us the copies of bank statements , it will take a little longer.
For the Small Business Loan ($5K to $100K) We can usually provide an answer in just one hour – as long as you submit your request at normal business time and let us make use of the advanced bank verification system to instantly verify your bank information online. If you opt to upload copies of your bank statements we can provide an answer in just 1 business day.
For the Larger Business Loans ($100K and up) we might be likely to offer you with pre-approval conditional to your application in about 6 hours. Once you’ve signed your pre-approval document, you will need to wait between 2 and 3 days for the final approval, however this can be faster depending on the circumstances of each application. Certain transactions have received approval in the space of 24 hours.
The fastest method for you to apply is make sure you apply during standard business hours. You can also allow us to use our sophisticated bank verification to instantly check your bank’s information online. If you choose to send us duplicates of your banking accounts, it takes a bit longer.
We offer the loan amount between $5,000 and $500,000. When you submit an application for a certain amount we take into consideration a range of variables that determine the health of the company and the amount of the repayments your business is able to afford. The total amount of your loan will be contingent on the specifics the company.
When you submit an application for a particular amount, we look at a range of elements to assess how much we can lend you such as well-being that is your business and the level of payments your business is able to afford. The amount you receive from your loan will depend on the specific circumstances for your business.
When you make an application for one of our business financing, we will assess the risk assessment that you have for your business and offer an individualised offer including the loan amount, the terms and the interest rates. The company loan is a loan that is priced upfront so you will be aware of the total amount to be paid, including any interest rates, fees or charges.
Interest rates for company loans rates vary due to factors like the amount of money that is borrowed, what company assets the funds will be used for and the sector the business is operating in, how long the company is in operation as well as in the event that the business has enough cash flow to pay for the loan, and the general health or financial standing 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, right from the day you sign up. There’s no compounding interest, and no extra fees (as long as you are able to make your payments punctually).
We do not 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 with the setting up and management of the loan. You are only charged this fee if you proceed with the loan. Our Origination Fee is 2.5% of the loan amount.
You can choose to repay the entire amount of your advance loan at any time.
If you choose to take this route, please talk to one of our helpful business credit specialists. We will offer you with the details of your repayment as well as an early payout amount. It will be calculated using the total of the principal balance and the accrued interest up to the date of early payout, plus 1.5% of the principal remaining and any fees that remain unpaid.
In order to help you avoid missing due dates and also to be in line your cash flow schedule, we provide payments that are either daily or weekly. These are automatically deducted from the nominated business account.
The security of your personal information, as well as being clear about the ways we gather data, process, exchange and ensure the security of your information is of huge importance and is a crucial part of our relationship with you.
Yes. We make use of industry-standard encryption protocols to safeguard your personal, sensitive and financial data and our funders are ISO 27001 qualified for our commitment to security for our customers and security. We employ an exceptionally sophisticated bank verification system that allows you to immediately verify the bank account details online so we can provide an immediate response.
Asset-based borrowing occurs when an company owner makes use of assets they own to get the funding. The asset may be a personal asset like the family home, or it could be a business asset such as a vehicle or piece of equipment.
The vast majority of lenders, not just the major banks, prefer to secure loans against an asset. If you’re having trouble paying back the loan then your asset may be transferred to the lender. In essence, it is the process of securing additional financing taking advantage of the value of what you already own.
For loans of up to $150K, no asset security is required upfront to access the money but we require a personal guarantee. require the personal guarantee. As long as you follow your loan obligations (as detailed in the loan contract) Asset security will never be needed. For loans of over $150K typically, you will need personal guarantee and security that is in the form a charge over assets.
