A Puni unsecured business loan is simple and quick to obtain. Get a quick apporval and begin using the money in your business.
What to expect:
The criteria for eligibility for an unsecured business loan within Puni are fairly minimal.
Call Now 0800 500 870Requesting an company credit for company in Puni with us is simple and only takes about a couple of minutes, there are no long lines of paperwork or waiting in line.
Receive approval and money within one to two business days.
Our goal is to assist Puni companies of all types, whether small, medium or solopreneurs access money quickly, so that they can take advantage of loans to expand and grow.
The eligibility requirements for an unsecured business loan in Puni of between $5K to $100K are quite minimal.
Do you need more money? Find out the guidelines for eligibility for our $100K-$500K business financing.
The requirements for eligibility of the larger Puni company loans of between $100K and $500K consist of:
You are looking for a lesser amount of money? Look over the guidelines for eligibility for our $5K to $100K Puni unsecured business loans.
A Puni unsecured loan is great for virtually any business need. Call us now.
Are you looking to start one of these as soon as tomorrow? Get in touch with us or apply online now to apply the fastest, most convenient way.
All that’s needed to start is your contact information (the name of your company, your name, email and phone) along with the amount you’d like to borrow, and your monthly income.
Through the process and before settlement we will need confirmation of who you are, but not before we can begin:
Additionally after we get started when it comes to loans that exceed $150,000, you’ll also need fundamental financial statements:
Let’s get started now.
With traditional lenders and banks restricting credit The steady flow of non-bank and alternative loan providers that are entering the market offers an excellent source for you to make use of.
Puni SME’s are now able to access finance through alternate lenders servicing Puni who are focused on enabling business expansion or smoothing cash flow issues. In the past, when personal credit sources (drawing equity from the house loan, or using credit cards, personal loans and loans) were the only alternative financing solutions available in Puni that were around.
There is now an end to the requirement in the present to rely on real estate to secure business lending. With an unsecured loan business financing is easy. Instead of a term loan through banks, business finance for an SME with interest rates and loan terms that can help to manage cash flow are available as business lending options.
There are many advantages associated with separating personal and business debt.
Reduce your risk, and make tax times much easier. Get started with an unsecured busines loan. Get it today.
The main benefit of keeping your personal and business assets separate can be that your house isn’t necessarily tied up to the funds. For a small business loan within Puni up to $100K, asset security will not be needed as long as the borrower is able to meet their loan obligations.
Businesses will be in a stable long-term position when they can demonstrate good credit/debt serviceability.
It is important to separate personal from business finances makes it much more straightforward in the event of tax time - particularly when determining the tax deductible allocation. The IRD has set out guidelines on the proof required to claim deductions on a business’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 long-term survival of any business. Through keeping your personal finances and company finances separate, businesses can easily view their cash flow, plan and monitor it based on their ability to accurately assess their cash flow position.
Puni unsecured loans offers amounts of between $5,000 and $100,000, with terms ranging from 3 and 24 months and cash flow friendly repayments which can be made daily or weekly.
The application to the Small Business Loan in under 10 minutes over the phone. You’ll get an instant response and funds may be in your account in 24 hours. Traditional company loans refer to an annual rate of interest plus other fees and charges. We offer a company loan is an upfront priced loan therefore you’ll be aware of the amount you will have to pay, including any interest, fees or charges. Then, it is broken down into either a daily or weekly installment amount.
It is a Small Business Loan can be used for virtually every company reason, such as control of cash flow business remodels and marketing for purchasing inventory or new equipment, as general working capital and so much more. The loan cannot be used for personal purposes.
The Larger Business Loan is a larger loan size to support company growth opportunities. Loans range between $100,000 and $500,000 with a fixed-term that can last up to 36 months. Repayments are scheduled weekly or fortnightly in order to accommodate your cash flow.
The Larger Business Loan has an Origination Fee, which is calculated at 2.5 percent of the loan amount.
To be eligible for a credit in this amount the company needs to be trading for at least 3 years with an annual turnover of $700,000. Your business must belong to a New Zealand Citizen (or Permanent Resident) at least 18 years old and have a New Zealand business (with a valid NZBN/IRD) and be able of proving at minimum 12 months of business.
A large business loan can be used for nearly all business need, including business renovations, to purchase inventory or new equipment, as general working capital and so much more. The loan cannot be used for personal purposes.
Asset security is required for funding of more than $150,000. It is usually in the form of a charge on assets, and may be registered on the PPSR or registering a caveat.
A personal or director’s guarantee is a commitment to pay off a credit line that is general in nature, rather than stating security over an asset. The person signing the ensure is personally liable in the event that the business creditor is unable to repay the debt.
The Personal Property Securities Register (PPSR) is an online central register run by the New Zealand Government. It contains security interests registered in respect of personal property (including objects or assets). The PPSR allows preference over private property granted in accordance with the date on which a security interest was registered.
An affidavit is an official form of document to provide the public notice of a legal claim on a property.
When you’re applying for a Larger Business Loan of $250,000 or more we may be able to provide an initial pre-approval in order to make the process. We could be able to apply for this without credit checks and within six hours of your initial application. The pre-approval process is based on an initial assessment that includes you answering some financial well-being questions. It’s neither an offer nor a guarantee of finance. Acceptance without condition is subject to an assessment of your creditworthiness and any offer that you might receive could be on different conditions.
You may apply for a business loan if you:
The process for applying is fast and simple. Just fill out the online application within a couple minutes, and an experienced company credit specialist will call you to guide you.
To apply for up $100,000 you’ll require identification details (valid Driver’s Licence) along with a valid NZBN/IRD and at least six months worth of bank statements.
If you’re looking for loans with larger sizes, you’ll need:
$100K – $250K: Application details including credit consent, 6 – 12 months of IRD statements, bank statements (if credit is over $150K).
$250K-$500K: Information on the application including credit consent, 12 months of bank statements, IRD statement and the last two years’ finalised financial statements, and interim current financial year financials such as age-related payables and aged Receivables summaries.
For an unsecured loan ($5K to $100K) we can often offer an answer in just one hour if you make your application during standard business hours and let us utilise the bank verification system link to immediately verify your bank account information online. If you want to submit copies of your bank statements , we are able to offer a decision in as little as one company day.
If you are applying for a Larger Business Loan ($100K and up) we might be capable of provide you with conditional pre-approval within about 6 hours. After you’ve signed the pre-approval, the turnaround time is approximately 2-3 days to receive final approval, however it could be faster based on the specifics of each application. Some agreements have been approved within just 24 hours.
The most efficient method for you to apply is make sure you apply during standard business hours and let us use the advanced bank verification system to instantly check your bank’s information online. If you decide to send us duplicates of your banking accounts, it takes a bit longer.
For the Small Business Loan ($5K and up) we usually offer an answer within an hour – as long as you apply within standard business times and let us utilise the advanced bank verification system to instantly verify your bank information online. If you opt to upload copies of your bank statements, we are able to offer a decision within an business day.
For the Larger Business Loans ($100K up to $500,000) we could be likely to offer you with a conditional pre-approval in about six hours. Once you’ve signed the pre-approval form, it will take between 2 and 3 days for the final approval. However, it could be faster based on the specifics of each application. Some agreements have been approved within the space of 24 hours.
The fastest way for you to apply is ensure you apply during normal business hours and allow us to use our advanced bank verification system to check your bank’s information online. If you send us duplicates of your banking statement, it may take a bit longer.
We offer loans ranging from $5,000 and $500,000. If you apply for a certain amount we look at a variety of elements in order to assess how much we can lend you health of your business and the level of repayments your business can support. The total amount of your loan will be contingent on the specifics of your company.
When you make an application for a set amount, we consider a variety of elements to determine how much we can lend you such as health of your business and the extent of the repayments your business is able to afford. The amount you receive from the loan will be determined by the specific circumstances for your company.
If you decide to request the business financing, we will assess the risk assessment that you have for your company and offer you with a customised proposal that includes the amount of the loan, the duration and interest rates. This company loan is an upfront-priced loan and you’ll know the exact amount to be paid, including any charges or interest.
Interest rates for business loans rates depend on several factors such as the amount that is borrowed, what business assets the funds will be used for, the industry the business operates in, the long the company has been operating for, whether the company has sufficient cash flow to pay for the loan, and also the general well-being or creditworthiness of the business.
There are no hidden fees with our business loans. You’ll know exactly how much you need to pay, and when, from the very first day. There’s no compounding interest, and the loan comes with no additional fees (as as long as you pay your payments punctually).
We do not charge an application fee. You are able to apply for a loan no cost upfront or obligation to proceed.
The Origination Fee includes the expenses associated in establishing and managing the loan. You are only charged this fee if you decide to take the loan. Our Origination Fee is 2.5 percent of the amount of loan.
You can decide to repay the entire amount of your loan at any point in time.
If you do decide to do this please contact our helpful business lending professionals. They’ll offer you with repayment details and an early payment figure. This will be calculated as the total of the principal remaining and the accrued interest up to the date of early payout in addition to 1.5 percent of the principal remaining and any fees that remain unpaid.
In order to help you avoid missing payments and to work with your cash flow cycle we provide repayments either weekly or daily. These are automatically deducted from the nominated company account.
Protecting your information, and making it clear how we collect data, process, exchange and protect your information, is of paramount importance and is an essential element of our relationship with you.
Yes. We make use of industry-standard encryption standards to protect your personal, sensitive and financial data and our funders are ISO 27001 certified for our dedication to customer security and security. We make use of an advanced banking verification system to immediately verify your bank account information online so we can offer an immediate response.
Asset-based borrowing is when the company owner makes use of an asset they own to obtain a loan. The asset could be an individual property, such as the family home or a business property like a truck or other piece of machinery.
The vast majority of lending institutions, including the largest banks, are inclined to make loans secured by an asset. If you’re having trouble paying back the loan, then your asset may be transferred to the lender. In essence, it’s means of securing new financing by using the value of what you already have.
For loans that exceed $150K, the requirement for asset security is not required prior to the loan’s access however, we do need an individual guarantee. In the event that you fulfill your loan obligations (as stipulated in your loan contract document), asset security is not needed. For loans over $150,000 generally there is the option of a personal ensure and security is provided in the form of a charge over assets.
Although we can’t help with an unsecured business loan for these types of industries, we may be able assist by providing the secured business loan.
