Services in Puni
- Unsecured Business Loan Puni
- Business Finance Puni
- Business Lending Puni
- Puni Business Loan
- Puni Small Business Finance
- Business Funding Puni
- Puni Working Capital
- Puni Small Business Lending
- Puni Short Term Business Loans
The eligibility requirements for an unsecured business loan in Auckland of between $5K and $100K is fairly low.
Are you looking for additional funding? Check out the conditions of eligibility for our $100K-$500K company loans.
All that is needed for starting is your contact information (the name of your company, your name, email and telephone), how much you’d like to lend, and your monthly revenue.
While in the process and before settlement we’ll need confirmation of your identity but not for starting:
In addition, once we have started in the process, for loans that exceed $150,000, you will also require basic financial statements:
Let’s get started.
Auckland unsecured loans provides the range of $5,000 to $100,000. Terms range from 3 and 24 months, cash flow friendly repayments that are either daily or weekly.
Apply for this Small Business Loan in under 10 minutes via the internet or on the phone. You’ll receive an answer within the same day and the money could be in your account within 24 hours. Traditional company loans refer to an annual interest rate together with additional fees and charges. The company loan is a loan that is priced upfront so you will be aware in advance of the total amount to be paid, including any interest, fees or charges. Then, it is broken down into either a daily or weekly installment amount.
The Small Business Loan can be used for almost every company use, including cash flow management, company remodeling, marketing to purchase inventory, new equipment, for general working capital and so much more. The loan is not available to fund personal expenses.
The Larger Business Loan is a larger size loan to aid in company expansion opportunities. Loans range from $100,000 to $500,000 over a fixed term up to 36 months. Repayments are weekly or fortnightly depending on your cash flow.
It is important to note that the Larger Business Loan has an Origination Fee, which is calculated at 2.5 percentage of the loan amount.
To qualify for a loan of this size, your business needs to be operating for at least three years and have an annual turnover of $700K. Your business 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 minimum 12 months of continuous trading.
A large company loan can be used for nearly all business use, including business remodeling, buying new equipment or inventory for general working capital, and much more. The loan is not available to fund personal expenses.
Asset security is necessary to obtain funding above $150,000. This is by way of charge over assets, and could include registering this through the PPSR or registering as a caveat.
A personal or director’s ensure is a commitment to repay credit that is generally in nature rather than specifying security over an asset. The person signing the ensure is personally liable if the business the borrower fails to re-pay the debt.
The Personal Property Securities Register (PPSR) is an online, central register operated by the New Zealand Government. It records security interests that have been granted to individuals who own personal property (including items or assets). The PPSR gives prioritisation over property that is personal to be granted according to the date a security interest has been registered.
Caveats are legal form of document to offer an official notice of a claim to a property.
If you’re seeking a Larger Business Loan that exceeds $250,000 we can offer an initial pre-approval to ease the process. We may 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 evaluation that involves you answering some financial health checks. This is in no way an offer, nor is it a guarantee of funds. The approval of a conditional loan is subject to an exhaustive credit evaluation, and any offer that you receive could be based on different conditions.
You may be eligible for a business loan if you
The process for applying is fast and easy. Simply complete the online form within a few minutes and a dedicated business loan specialist will be in touch to guide you.
To be eligible for up to $100,000, you’ll need identification details (valid Driver’s Licence), 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 to $250K: Application details including credit approval, 6-12 months of bank statements, IRD statement (if the loan is greater than $150K).
$250K to $500K: Application details including credit consent as well as 12 month bank accounts, the IRD statements Last 2 years’ finalised financial statements, as well as interim financials from the current financial year such as age-related payables and aged Receivables summary.
For an unsecured loan ($5K or more) we typically offer an answer within an hour if you apply within quality business time and allow us to utilise the bank verification system link to instantly verify your bank information online. If you want to upload copies of your banking statements we can provide a decision within just an business day.
For the Larger Business Loan ($100K up to $500,000) we might be capable of provide you with conditional pre-approval in around six hours. Once you’ve signed the pre-approval document, you will need to wait about 2-3 days for final approval, however this can be quicker based upon the circumstances for each application. Some transactions have received approval in less than 24 hours.
The most efficient method would be to ensure you apply during standard business hours, and allow us to use our advance bank verification to verify your bank account information online. If you opt to send us copies of your bank statements , it can take a bit longer.
For the Small Business Loan ($5K and up) we usually provide an answer within one hour if you submit your request at standard business timings and you allow us to make use of the advanced bank verification system link to instantly verify your bank details online. If you decide to submit copies of your bank statements, we are able to offer an answer in as little as an business day.
If you are applying for Larger Business Loans ($100K to $500K) we could be able to offer you with pre-approval conditional to your application within 6 hours. After you’ve signed the pre-approval, the turnaround time is around 2-3 days for final approval, however this could be shorter based on the particular circumstances of each application. Certain offers have been approved in just 24 hours.
The quickest method can be ensure you apply during normal business hours. Also, let us use the sophisticated bank verification to instantly verify your bank information online. If you choose to send us documents from your account statements, it will take a little longer.
We offer loans that range from $5,000 and $500,000. When you make an application for a specific amount we look at a variety of elements for determining the well-being that is your company as well as the amount of repayments that your company can afford. The amount you receive from your loan will depend on the specifics of your business.
When you make an application for a particular amount, we look at a range of aspects to assess the well-being that is your company as well as the amount of repayments your business will be able to support. The amount you receive from your loan will depend on the particular circumstances of your business.
If you decide to request the business loan, we’ll assess the risk profile of your company and offer you with a customised offer that includes loan amount, term and interest rates. It is a business loan is an upfront-priced loan so you will know the exact amount payable including any interest rates, fees or charges.
The interest rates on company loans rates depend on a variety of variables like the amount to be that is borrowed, what company assets the money are used to purchase in addition to the industry that the company is operating in, how long the company has been operating as well as in the event that the company has sufficient cash flow to pay for the loan, as well as the general health as well as creditworthiness company.
There are no hidden fees for our company loans, and you’ll be aware of the amount you’ll need to pay, and at what time, from the day you sign up. There’s no compounding and the loan comes with no additional fees (as long as you make your payments on time).
We don’t charge an application fee. You are able to get a cash loan with no cost upfront or obligation to proceed.
The Origination Fee includes the expenses associated with setting up and managing the loan. You are only charged this fee if you choose to proceed with the loan. Our Origination Fee is 2.5 percent of the loan amount.
You can repay the entire amount of your loan early at any time.
If you decide to take this route, please call our helpful business credit specialists. We will offer you with details for repayment and an early payout figure. This is calculated as the sum of the remaining principal amount and any accrued interest at the time of the early payout plus 1.5 percent of the principal remaining and any outstanding fees.
To make sure you do not miss payment dates and to align your cash flow schedule, we offer repayments either daily or weekly. These are automatically deducted from your company account.
Protecting your information, and knowing how we collect information, use it, and exchange it, as well as ensure the security of your information is of huge importance and an integral part of our relationship you.
Yes. We employ industry-recognised encryption standards to protect your personal, sensitive financial and other data. Our funders are ISO 27001 certified for our commitment to the security of our clients as well as their security. We use an advanced bank verification system to instantly verify your bank account information online, allowing us to offer rapid response.
Asset-based borrowing is when a business owner utilises the assets they have to obtain the funding. The asset could be a personal asset like the family home or an company asset such as a truck or other piece of machinery.
The majority of banks, even the big banks, tend to secure loans against an asset. If you’re having trouble paying back the loan, then the asset could be offered for sale by the lender. In essence, it is a way of securing new financing making use of the value of what you already own.
Up to $150,000 in loans the requirement for asset security is not required upfront to access the money, however we require a personal guarantee. require a personal guarantee. If you adhere to your loan commitments (as specified in your loan contract document) the security of assets is not required. For loans of over $150K generally there is personal ensure and security that is in the form an asset charge.
