An Epuni unsecured business loan is quick and easy to obtain. Apply for a loan quickly and use the money for your business.
What to expect:
The conditions for eligibility for an unsecured business loan in Epuni are fairly minimal.
Call Now 0800 500 870Applying for business loans in Epuni company financing in Epuni with us is easy and takes only some minutes, without mountains of paperwork or queues.
Be approved and receive your funds in one to two business days.
Our focus is to assist Epuni businesses of all kinds, including medium, small and even solopreneurs to access funds quickly so that they can take advantage of loans to build and expand their business.
The requirements for getting an unsecured business loan in Epuni of between $5K to $100K are quite minimal.
Do you require more money? Review the guidelines for eligibility for our $100K to $500K business loans.
The requirements for eligibility for the larger Epuni business loans of between $100K and $500K consist of:
Are you looking for a lower amount of funding? Check out the conditions for eligibility for our $5K to $100K Epuni unsecured business loans.
An Epuni unsecured loan is great for nearly any company reason. Call us now.
Want to get started on one of these projects as soon as tomorrow? Get in touch with us now or apply online to apply the fastest, most convenient way.
All that’s required for starting is your contact information (company name and your name, as well as email and telephone) as well as the amount you want to borrow, and your monthly income.
In the course of the process and before settlement we will require confirmation of who you are, however, not in order to begin:
Additionally after we get started when it comes to loans greater than $150,000 you’ll require basic financial statements:
Let’s get started now.
With banks and traditional lenders restricting credit The steady flow of non-bank and alternative loan providers entering the market provides an excellent source to take advantage of.
Epuni SME’s are now able to access finance through alternative lenders who service Epuni who are focused on enabling company expansion or smoothing the cash flow problems. The past was when private credit options (drawing equity from the house loan, or using credit cards and personal loans as well as credit cards) could be the best alternative financing solutions in Epuni that were around.
There is now there is no requirement to depend on the real estate market to secure business loans. With an unsecured loan, business financing is now easy. Instead of a traditional term loan from the bank, business finance for a small company with interest rates and loan terms that aid with cash flow is around as business credit options.
There are substantial benefits associated by separating personal and business debt.
Limit your exposure, make tax time simpler, start with an unsecure busines loan. Make an application today.
One major benefit of keeping your individual and company assets apart can be that your house isn’t tied to the funds. For a small business loan within Epuni up to $100K the security of assets won’t be required as in the event that the borrower has met the loan requirements.
Businesses will be in a stable long-term position when they can show good credit and debt capability.
Separating personal and company finances makes it much more straightforward in the event of tax time, particularly when determining what is the tax-deductible allocation. The IRD has set out the guidelines for the documentation required to claim deductions on an organisation’s tax return. This is an area that the IRD has advised specifically on.
A well-organised cash flow management system is vital to the longevity for any company. By maintaining personal as well as company finances distinct, businesses can easily view, monitor and plan based on their ability to easily assess their cash flow position.
Epuni unsecured loans provides the range of $5,000 to $100,000, with terms ranging from 3 and 24 months. They also offer cash flow-friendly repayments which can be made daily or weekly.
It is imaginable to apply to this Small Business Loan in under 10 minutes on the internet or on the phone. You’ll receive an immediate response, and the funds could be in your account within 24 hours. Traditional business loans refer to an annual interest rate as well as other fees and charges. We offer a company loan is an upfront priced loan therefore you’ll know ahead of time the total amount payable including the interest, fees and charges. Then, it is broken down into either a daily or weekly repayment figure.
The Small Business Loan can be used for virtually every company purpose including control of cash flow business improvements, advertising, to purchase inventory or new equipment, as general working capital and so much more. The loan is not available for personal use.
The Larger Business Loan is a larger amount of loan to help company expansion opportunities. The loan ranges from $100,000 to $500,000 over a fixed term that can last up to 36 months. The repayments are made weekly or fortnightly depending on your situation.
The Larger Business Loan has an Origination Fee, which is determined at 2.5 percent of the loan amount.
To qualify for a loan that is this large, your business needs to have been in operation for at least 3 years and generate an annual revenue of $700K. It is necessary to be a New Zealand Citizen (or Permanent Resident) who is over the age of 18, own a New Zealand business (with a valid NZBN/IRD) and be able to demonstrate at least 12 months of trading.
A larger business loan can be used to fund almost any company reason, such as business renovations, to purchase equipment or inventory as well as for general working capital, and much more. The loan is not available for personal reasons.
Asset security is required for funding of more than $150,000. It is usually as a result of an charge over assets, and may include registering this on the PPSR or making a caveat.
A director’s or personal guarantee is a commitment to pay off a credit line that is general in nature, rather than stating the security for a particular asset. The person signing the ensure is personally liable in the event that the business borrower is unable to make the repayment.
The Personal Property Securities Register (PPSR) is an online central registry run by the New Zealand Government. It records security interests that have been that are registered for personal property (including the assets or goods). The PPSR permits the priority of personal property granted in accordance with the date on which a registration of a security interest.
Caveats are legal document filed to provide notice of a legal claim to property.
If you’re requesting larger business loans of $250,000 or more we can offer an initial pre-approval that will help make the process. We might be able to make this decision without a credit check, and within 6 hours of the initial application. The pre-approval is based upon an initial evaluation that involves you answering some financial well-being questions. It’s in no way an offer, nor is it a guarantee of funds. Unconditional approval is subject to an assessment of your creditworthiness and any offer that you may receive may be on different conditions.
You may apply for a company loan if you;
The application process is simple and simple. Simply complete the online form in just a few minutes, and an experienced company credit specialist will call you to guide you through the process.
For a loan of up to $100,000 you’ll need proof of identity (valid Driver’s Licence), a valid NZBN/IRD and at least six months worth of bank statements.
In addition, for larger loan sizes, you’ll need:
$100K to $250K: Application requirements, 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, 12 months of bank statements, IRD statements as well as the two most recent years’ financial statements, in addition to interim financials from the current financial year as well as Aged Payables and Receivables summaries.
For an unsecured loan ($5K up to $100,000) we usually provide an answer in just one hour, provided you make your application in quality business hours and permit us to use the advanced bank verification system to instantly verify your bank details online. If you opt to submit copies of your bank statements we can offer a decision in just 1 company day.
If you are applying for a Larger Business Loan ($100K up to $500,000) we may be capable of provide you with pre-approval conditional to your application within 6 hours. Once you have signed the pre-approval form, it will take about 2-3 days for final approval. However, it could be faster based on the specifics of each application. Some offers have been approved within just 24 hours.
The most effective method can be make sure you apply during standard business hours. Also, allow us to use our advance bank verification to confirm your bank details online. If you decide to send us the copies of bank statement, it can take a bit longer.
For the Small Business Loan ($5K and up) we typically provide an answer within an hour if you make your application in standard business hours and permit us to use the advanced bank verification system to instantly verify your bank information online. If you decide to send us copies of your bank statements we can offer an answer in just 1 business day.
If you are applying for Larger Business Loans ($100K and up) we could be likely to provide you with a conditional pre-approval within six hours. Once you’ve signed the pre-approval, turnaround times are about 2-3 days for final approval. However, this may be quicker depending on the specifics of each application. Certain transactions have received approval in 24 hours.
The fastest way is to make sure you apply during normal business hours. You can also let us use the sophisticated bank verification to instantly confirm your bank details online. If you opt to send us duplicates of your banking statement, it takes a bit longer.
We offer loan amounts between $5,000 to $500,000. If you apply for a specific amount we consider a variety of factors that determine the health of the company and the amount of payments your business will be able to support. The total amount of the loan will be determined by the particular circumstances for your company.
If you apply for a set amount, we take into consideration a variety of factors to determine the health of your company and the amount of repayments your business can support. The amount you receive from your loan will be determined by the particulars the company.
If you decide to make an application for our company loans, we will assess the risk assessment for your company and offer you with a customised proposal that includes loan amount, term and interest rates. It is a company loan is a loan that is priced upfront and you’ll be aware of the total amount due, which includes any charges or interest.
Interest rates for business loans rates differ based on various factors including the amount borrowed, what business assets the money will be used for in addition to the industry that the business is operating in, how long the business has been running and what percentage of the company has sufficient cash flow to fund the loan, and also the overall health as well as creditworthiness company.
There aren’t any hidden costs for our business loans. You’ll know precisely what you’ll be required to pay and when, from the very first day. There’s no compounding interest and the loan comes with no additional fees (as long as you make your payments punctually).
We do not 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 establishing and managing the loan. It is only charged for this cost if you take out the loan. The Origination Fee for us is 2.5% of the loan amount.
You can decide to repay the entire amount of your loan early at any time.
If you choose to pursue this option, please contact our helpful company credit experts. We will offer you with details for repayment as well as an early payout amount. This will be calculated as the total of the principal balance and the accrued interest up to the date of early payout in addition to 1.5% of the principal remaining and any outstanding fees.
In order to help you avoid missing payments and to work with your cash flow cycle we offer repayments that are either weekly or daily. They are automatically deducted from the nominated business account.
The security of your personal information, as well as making it clear the ways we gather information, use it, and exchange it, as well as ensure the security of your information is of paramount importance and a vital aspect of our relationship with you.
Yes. We utilise industry-recognised encryption standards to protect your sensitive, personal financial information and our funders are ISO 27001 qualified for our commitment to the security of our clients as well as their privacy. We make use of an advanced bank verification system that allows you to instantly verify your bank account information online. This allows us to provide rapid response.
Asset-based borrowing is when an business owner uses assets they own to obtain the funding. The asset can be either an asset belonging to the personal, like the family home or it could be a business asset such as a vehicle or other piece of machinery.
The vast majority of banks, even the banks with the biggest size, prefer to guarantee loans against assets. If you’re having trouble paying back the loan, the asset could be transferred to the lender. In essence it’s means of securing new funding using the worth of the asset you already own.
For loans of up to $150,000, no asset security is required before you can access the money however, we do need a personal guarantee. If you adhere to your loan commitments (as stated in your loan contract) Asset security is not needed. For loans that exceed $150K, generally, there is personal ensure and security that is in the form a charge over assets.
While we aren’t able to help with an unsecure business loan in these types of industries, we may be able to assist by providing an secured business loan.
