Services in Epuni
- Epuni Unsecured Business Loans
- Business Finance Epuni
- Epuni Business Lending
- Epuni Business Loans
- Small Business Finance Epuni
- Epuni Business Funding
- Epuni Working Capital
- Epuni Small Business Lending
- Short Term Business Loan Epuni
The criteria for eligibility for an unsecured business loan in Lower Hutt of between $5K and $100K are pretty minimal.
Looking for more funding? Take a look at the conditions of eligibility for our $100K-$500K company credit.
All that is needed to begin is your contact details (the name of your company and your name, as well as email or phone number) as well as the amount you want to borrow, and your monthly income.
While in the process and before settlement we will require confirmation of your identity but not for starting:
In addition, once we have started in the process, for loans greater than $150,000 you will also require basic 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 months and cash flow friendly repayments which can be made daily or weekly.
The application for your Small Business Loan in under 10 minutes via the internet or over the phone, receive an answer within the same day and funds may be on your account within 24 hours. Traditional company loans reference an annual interest rate plus other fees and charges. This business loan is a cash-based loan and you’ll be aware of the total amount due, which includes any fees, charges or charges. This is then broken down into either weekly or daily amount to be paid back.
The Small Business Loan can be used for nearly any company purpose including control of cash flow company remodels and marketing, to purchase inventory or new equipment, for general working capital and so much more. The loan cannot be used for personal reasons.
The Larger Business Loan is a larger size of loan that can be used to fund business growth opportunities. Loans are between $100,000 and $500,000 with a fixed-term up to 36 months. Repayments are either weekly or fortnightly, depending on your cash flow.
The Larger Business Loan has an Origination Fee that is determined at 2.5 percent of the loan amount.
To qualify for a loan of this size the company needs to have been trading for at least 3 years and have an annual turnover of $700,000. Your company must belong to a New Zealand Citizen (or Permanent Resident) with a minimum age of 18 years old or have a New Zealand company (with a valid NZBN/IRD) and be able demonstrate at least 12 months of trading.
A Larger Business Loan can be used for nearly any company reason, such as company renovations, purchase of inventory or new equipment, as general working capital and so much more. The loan is not available to fund personal expenses.
Asset security is needed for accessing funds over $150,000. This is by taking a charge over assets and can include the registration of this on the PPSR or the registration of as a caveat.
A director’s or personal ensure is a guarantee to repay credit that is general in nature rather than stating the security for a particular asset. The person who signs the ensure is personally accountable if the company borrower is unable to make the repayment.
The Personal Property Securities Register (PPSR) is an online central register run by the New Zealand Government. It contains security interests that are registered for personal property (including items or assets). The PPSR grants priority over personal property to be assigned according to the date the security interest was registered.
The caveat can be described as a formal document that is filed to offer an official notice of a claim to property.
If you’re applying for larger business loans of $250K or more it’s possible to offer an initial pre-approval that will help make the process. We could be able to apply for this without a credit check, and within 6 hours of your initial application. This pre-approval is made based on an initial assessment that includes you answering a few financial health checks. It’s neither an offer nor a guarantee of finance. Acceptance without condition is subject to an exhaustive credit evaluation, and any offer you are offered could be based on different terms.
You are eligible to apply for an company loan if you:
The process for applying is fast and simple. Just fill out the online application within a couple minutes, and a dedicated business expert in lending will call you to guide you through the process.
To apply for up $100,000, you’ll require the right identification documents (valid Driver’s License) as well as a valid NZBN/IRD and at least six months of bank statements.
If you’re looking for loans with larger sizes, you’ll need:
$100K-$250K: Application requirements, including credit consent, 6-12 months of IRD statements, bank statements (if credit is over $150K).
$250K – $500K: Application details including credit consent and 12 months of bank statements, IRD statement as well as the two most recent years’ financial statements, in addition to interim financials from the current financial year, Aged Payables and Aged Receivables reports.
For an unsecured loan ($5K up to $100,000) we typically provide an answer within one hour – as long as you make your application at standard company time and allow us to make use of the advanced bank verification system link to instantly verify your bank’s information online. If you opt to submit copies of your bank statements , we are able to provide an answer within just an business day.
For the Larger Business Loan ($100K to $500K) we may be likely to provide the conditional pre-approval within about six hours. Once you have signed the pre-approval form, it will take about 2-3 days for final approval. However, this could be shorter based upon the circumstances for each application. Some deals have been approved in just 24 hours.
The quickest way to apply would be to ensure you apply during standard company hours. Also, allow us to use the modern bank verification link to instantly verify your bank account information online. If you upload duplicates of your banking statement, it may take a bit longer.
For the Small Business Loan ($5K up to $100,000) we can often offer an answer within one hour, provided you submit your request in normal business times and permit us to use the advanced bank verification system to instantly verify your bank details online. If you opt to upload copies of your banking statements we can provide the decision in just one business day.
If you are applying for Larger Business Loans ($100K and up) We may be in a position to offer you with a conditional pre-approval in around six hours. After you’ve signed the pre-approval form, it will take approximately 2-3 days to receive final approval. However, this could be shorter based on the circumstances of each application. Certain transactions have received approval within the space of 24 hours.
The most effective method is to make sure you apply during standard business hours, and let us use the modern bank verification to instantly confirm your bank details online. If you choose to send us duplicates of your banking statements it can take a bit longer.
We offer the loan amount between $5,000 and $500,000. When you submit an application for a certain amount we will consider a number of aspects for determining what is the health of your company and the amount of repayments your business can afford. The total amount of your loan will depend on the specifics that are unique to your business.
When you make an application for a specific amount we will consider a number of aspects to determine your health of your company and the level of repayments that your company can support. The amount you receive from the loan will be determined by the particular circumstances of your business.
When you request our business financing, we’ll assess the risk profile that you have for your company and provide you with a customised proposal that includes the loan amount, the terms and interest rates. A business loan is an upfront priced loan which means you know the exact amount payable including any interest rates, fees or charges.
Interest rates for company loans rates depend on a variety of factors such as the amount that is that is borrowed, what business assets the money will be used for in addition to the industry that the business is operating in, how long the company has been operating as well as how long the business has sufficient cash flow to cover the loan, and also the general health and creditworthiness of the business.
There are no hidden costs with our business loans. You’ll know precisely how much you need to pay, and when, right from the very first day. There’s not any compounding interest and no extra fees (as as you make your payments on time).
We don’t charge an application fee. You can request a credit loan without any upfront costs or commitment to apply.
The Origination Fee covers the costs associated with the setting up and management of the loan. This is only a fee if you proceed with the loan. Our Origination Fee is 2.5 percent of the amount of loan.
You can repay the total amount of your advance loan at any time.
If you are deciding to take this route, please contact our helpful company loan professionals. They’ll provide you with the details of your repayment and an early payout figure. The figure will be calculated as the total of the principal balance and any accrued interest at the time of the early payout, plus 1.5% of the remaining principal plus any outstanding fees.
To ensure you do not miss payment dates and to align your cash flow cycle we provide payments that are either daily or weekly. They are automatically deducted from your business account.
Security of your data, and knowing how we collect data, process, exchange and safeguard your data, is of paramount importance and is a crucial element of our relationship with you.
Yes. We make use of industry-standard encryption standards to secure your sensitive, personal and financial data and our funders are ISO 27001 certified for our dedication to security for our customers and privacy. We make use of an advanced bank verification system to immediately verify the bank account details online to offer rapid response.
Asset-based borrowing occurs when the business owner utilises assets they own to secure the loan. The asset could be an individual property, such as the family home or it could be a company property like a truck or piece or equipment.
The vast majority of lenders, even the big banks, tend to guarantee loans against assets. If you have trouble paying back the loan, then your assets could be transferred to the lender. In essence it’s a way of securing new funding taking advantage of the value of what you already own.
For loans that exceed $150,000, the requirement for asset security is not required before you are able to access the money however, we require a personal guarantee. require an individual guarantee. If you adhere to the loan terms (as specified in the loan contract) the security of assets is not needed. For loans over $150,000 generally, you can get a personal ensure and security in the form charges on assets.
