An Epuni unsecured business loan is simple and quick to obtain. Apply for a loan quickly and begin using the money to grow your company.
What you can expect:
The conditions for eligibility for an unsecured business loan in Epuni are fairly minimal.
Call Now 0800 500 870Making an application for a business financing in Epuni with us is simple and only takes some minutes, without lengthy forms or lines.
Approved and receive funds in 1 to 2 business days.
We want to assist Epuni companies of all types, whether small, medium or entrepreneurs to obtain funding fast so they can make use of the loan to build and expand their business.
The eligibility requirements for an unsecured business loan in Epuni of between $5K and $100K are pretty minimal.
Need more funds? Review the conditions of eligibility for our $100K to $500K business credit.
The criteria to be eligible in larger Epuni business loans of between $100K and $500K include:
Do you need a smaller amount of money? Take a look at the eligibility requirements for our $5K-$100K Epuni unsecured business loans.
An Epuni unsecured loan is ideal to use for any company reason. Contact us now.
Do you want to begin one of these as soon as tomorrow? Then get in touch with us today or send an application online to get the fastest and most efficient process.
All that’s needed for starting is your contact information (company name, your name, email address or phone number) as well as the amount you’d like to borrow, as well as your monthly income.
In the course of the process and before settlement we will require confirmation of your identity, but not to get started:
In addition, once we have started in the process, for loans of more than $150,000 you will also need the following financial statements:
Let’s get started.
With banks and traditional lenders increasing their credit requirements The steady flow of alternative and non-bank loan providers that are entering the market provides the perfect source for you to tap into.
Epuni SME’s are now capable of accessing finance through alternate lenders servicing Epuni who are focused on facilitating business expansion or smoothing out the cash flow problems. The past was when private credit options (drawing equity from the home loan, or by using credit cards, personal loans and overdrafts) could be the best alternative financing solutions in Epuni that were around.
There’s no need in the present to rely on using real estate to secure business loans. With an unsecured loan, business financing is easy. Instead of a loan for a term with a bank, business finance for an SME with interest rates and loan terms that can help with cash flow is around as business loan options.
There are substantial benefits associated with separating personal and business debt.
Lower your risks, make your tax time easier, get started with an unsecure loan for business. Apply today.
One big drawcard for keeping your business and personal business assets separate can be that your house does not have to be tied for access to the money. In the case of a business loan within Epuni up to $100K asset security won’t be needed as long as the borrower meets their loan obligations.
Businesses are in a more stable long-term position when they are able to demonstrate credit/debt serviceability.
It is important to separate personal from company financial accounts makes it more seamless in the event of tax time - particularly when identifying what is the tax-deductible allocation. The IRD has laid out requirements for evidence to be able to claim deductions on the tax return of a company. This is an area where the IRD has advised specifically on.
Effective cash flow management is key for the longevity that of any business. By maintaining personal as well as company finances separate, companies can easily view, monitor and plan based on the ability to clearly examine their cash flow.
Epuni unsecured loans offers the range of $5,000 to $100,000. Terms range from 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, receive an instant response and the funds could be in your account in 24 hours. Traditional business loans have an interest rate per annum plus other fees and charges. The business loan is an upfront priced loan therefore you’ll be aware in advance of the amount you will have to pay, including any interest, fees or charges. This is then broken down into weekly or daily repayment figure.
A Small Business Loan can be used for virtually every business reason, such as cash flow management, business renovations, marketing for purchasing inventory or new equipment, or as general working capital and so much more. The loan cannot be used for personal use.
The Larger Business Loan is a larger size loan to aid in company growth opportunities. Loans range between $100,000 and $500,000 over a fixed term with a maximum of 36 months. The repayments are made weekly or fortnightly in order to accommodate your situation.
It is crucial to note that the Larger Business Loan has an Origination Fee, calculated at 2.5 percent of the amount of the loan.
To qualify for a loan that is this large, your company needs to have been operating for at least three years, and have an annual income of $700K. Your company must belong to a New Zealand Citizen (or Permanent Resident) with a minimum age of 18 years old, own a New Zealand business (with a valid NZBN/IRD) and be able to demonstrate at the least 12 months of operating.
A large company loan can be used for almost any business reason, such as company remodeling, buying inventory or new equipment for general working capital, and much more. The loan cannot be used to fund personal expenses.
Asset security is needed for accessing funds over $150,000. It’s in the form of a charge on assets, and could include registering this through the PPSR or making a caveat.
A personal or director’s guarantee is a guarantee to repay credit that is general in nature, rather than defining the security of a specific asset. The person who signs the guarantee is personally accountable if the business borrower is unable to re-pay the debt.
The Personal Property Securities Register (PPSR) is a central, national online registry run by the New Zealand Government. It records security interests that have been granted to individuals who own personal property (including objects or assets). The PPSR grants the priority of personal property granted according to the date a security interest that is registered.
The caveat can be described as a formal document lodged to provide notice of a legal claim against a property.
If you’re requesting a Larger Business Loan of more than $250K we may be able to provide an initial pre-approval to smooth out the process. We might be able to make this decision without a credit verification and within 6 hours of your initial application. The pre-approval is based upon an initial assessment that includes you answering some financial well-being checks. It’s not an offer or guarantee of credit. A conditional approval is subject an exhaustive credit evaluation, and any offer that you are offered could have different conditions.
You can apply for an company loan if you;
The application process is simple and easy. Just fill out the online application within a couple minutes, and a dedicated business credit specialist will contact you to guide you through the process.
To apply for up to $100,000 you’ll require ID details (valid Driver’s License) and an active NZBN/IRD, and at least six months of bank statements.
Otherwise, for larger loan sizes, you’ll need:
$100K – $250K: Details of application, including credit approval, 6-12 months of IRD statements, bank statements (if loan above $150K).
$250K – $500K: Details for application including credit consent twelve months of bank statements, IRD statement Last 2 years’ finalised financial statements, in addition to interim financials from the current financial year as well as Aged Payables and Receivables Summary.
For an unsecured loan ($5K and up) we usually offer a response in one hour, provided you submit your request during standard company time and you allow us to use the advanced bank verification system link to instantly verify your bank information online. If you choose to submit copies of your bank statements , we will be able to offer an answer within 1 business day.
For the Larger Business Loan ($100K up to $500,000) we may be likely to provide you with a conditional pre-approval within about six hours. Once you’ve signed the pre-approval document, you will require to wait approximately 2-3 days to receive final approval. However, it could be faster based upon the circumstances for each application. Some agreements have been approved within 24 hours.
The fastest way is to make sure you apply during standard business hours, and allow us to use the advanced bank verification system to instantly check your bank’s information online. If you send us copies of your bank accounts, it may take a bit longer.
For the Small Business Loan ($5K up to $100,000) we usually provide an answer within an hour – provided you apply in normal business timings and allow us to use the bank verification system to instantly verify your bank’s information online. If you opt to send us copies of your bank statements, we are able to provide the decision within an business day.
For the Larger Business Loans ($100K or more) We may be capable of offer you with conditional pre-approval within about six hours. Once you’ve signed your pre-approval form, it will take approximately 2-3 days to receive final approval, however this can be faster depending on the specifics of each application. Some agreements have been approved in the space of 24 hours.
The quickest method for you to apply is ensure you apply during normal business hours. You can also allow us to use the advance bank verification link to confirm your bank details online. If you opt to send us duplicates of your banking statements it may take a bit longer.
We provide the loan amount between $5,000 to $500,000. When you submit an application for a certain amount, we look at a variety of variables that determine the health of your business as well as the amount of payments your company can afford. The amount you receive from the loan will be determined by the specifics of your company.
When you apply for a set amount, we will consider a number of variables to assess the health that is your company as well as the amount of repayments your company will be able to support. The amount you receive from the loan will be determined by the particular circumstances that are unique to your business.
When you request one of our business loans, we will assess the risk profile for your business and provide you with a customised proposal that includes the loan amount, the terms and interest rates. It is a company loan is an upfront priced loan which means you know in advance the total amount to be paid, including any costs, fees, or interest rates.
Interest rates for business loans rates differ based on various variables like the amount to be that is borrowed, what company assets the funds are used to purchase and the sector the company is operating in, how long the business is in operation for, what percentage of the company has sufficient cash flow to support the loan, and general health as well as creditworthiness company.
There aren’t any hidden costs with our company loans. You’ll know precisely what you need to pay and when, right from the day you sign up. There’s not any compounding interest and no extra fees (as long as you make your payments punctually).
We don’t charge an application fee. You can get a cash loan with with no upfront cost or the obligation to take action.
The Origination Fee includes the expenses associated with the setting up and management of the loan. You are only charged this fee if you choose to proceed with the loan. The Origination Fee for us is 2.5% of the amount of loan.
You can repay the entire amount of the loan in full at any time.
If you choose to take this route, please contact our helpful business lending experts. They will offer you with the details of your repayment as well as an early payout amount. This is calculated as the total of the principal amount remaining and the accrued interest up to the time of the early payout, plus 1.5% of the principal remaining plus any outstanding fees.
To ensure you do not miss payment dates and to align with your cash flow routine, we offer repayments that are either weekly or daily. They will be automatically deducted from the nominated company account.
Security of your data, and being transparent about how we collect information, use it, and exchange it, as well as safeguard your data, is of huge importance and an integral aspect of our relationship with you.
Yes. We utilise industry-recognised encryption standards to secure your personal, sensitive as well as financial data. Our funders are ISO 27001 certified for our commitment to the security of our clients as well as their privacy. We use an advanced bank verification system that allows you to immediately verify your bank account details online, allowing us to provide an immediate response.
The term "asset-based" refers to borrowing where the business owner makes use of assets they own to obtain the funds for a loan. The asset may be an individual asset, such as the family home, or it could be a business asset such as a vehicle or piece of equipment.
The vast majority of lending institutions, including the largest banks, are inclined to make loans secured by assets. If you have trouble paying back the loan, the asset could be offered for sale by the lender. In essence, it’s an opportunity to secure new funding using the worth of the asset you already own.
For loans that exceed $150,000, it is not necessary to secure assets in advance to gain access to the funds, however we do need a personal guarantee. In the event that you fulfill the loan terms (as stated in your loan contract document) and you are able to meet your obligations, asset security will never be required. For loans of over $150K typically, you will need personal guarantee and security in the form of the charge of assets.
While we aren’t able to help with an unsecure business loan for those industries, we might be able to assist with an secured business loan.
