Services in Epuni
- Epuni Unsecured Business Loans
- Business Finance Epuni
- Epuni Business Lending
- Business Loan Epuni
- Epuni Small Business Finance
- Epuni Business Funding
- Epuni Working Capital
- Small Business Lending Epuni
- Short Term Business Loans Epuni
The eligibility requirements for an unsecured business loan in Lower Hutt of between $5K and $100K are fairly minimal.
Do you require more money? Find out the conditions of eligibility for our $100K to $500K company financing.
All that’s required to begin is your contact information (the name of your company, your name, email or phone number), how much you’d like to borrow and your monthly earnings.
In the course of the process and before settlement we will require confirmation of who you are but not for starting:
Additionally after we get started with loans over $150,000 you’ll need basic financial statements:
Let’s get started now.
Lower Hutt unsecured loans provides amounts between $5,000 and $100,000 with terms between 3 and 24 months, cash flow friendly repayments that are either daily or weekly.
You can apply for this Small Business Loan in under 10 minutes online or on the phone. You’ll receive an immediate response, and the funds could be in your account in 24 hours. Traditional company loans are based on an interest rate per annum plus other fees and charges. This company loan is a pre-paid loan therefore you’ll know ahead of time the total amount payable including any interest, fees or charges. Then, it is broken down into weekly or daily payment amount.
The Small Business Loan can be used for virtually any business need, such as the management of cash flow, company remodeling, marketing, to purchase inventory or new equipment, or as general working capital, and much more. The loan is not available for personal purposes.
The Larger Business Loan is a larger size of loan that can be used to fund business growth opportunities. Loans range between $100,000 and $500,000 over a fixed term that can last up to 36 months. Repayments are scheduled weekly or fortnightly to work with your situation.
This Larger Business Loan has an Origination Fee, which is calculated at 2.5 percentage of the amount of the loan.
To be eligible for a loan of this size, your business needs to have been in operation for at least 3 years, and have an annual income of $700,000. You must be a New Zealand Citizen (or Permanent Resident) with a minimum age of 18 years old and have 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 for nearly every company need, including business renovations, to purchase inventory or new equipment for general working capital, and much more. The loan is not available for personal reasons.
Asset security is needed to access funding over $150,000. This can be done by way of charge on assets, which could also include registering this on the PPSR or registering as a caveat.
A personal or director’s ensure is a commitment to repay a loan which is generally based rather than defining the security of a specific asset. The person signing the ensure is personally responsible if the business creditor is unable to repay the debt.
The Personal Property Securities Register (PPSR) is a central, national online register that is operated by the New Zealand Government. It lists security interests that are which are registered with respect to personal property (including goods or assets). The PPSR allows priority over personal property to be assigned in accordance with the date on which a security interest was registered.
The caveat can be described as a formal document that is filed to offer the legal claim against a property.
If you’re seeking the Larger Business Loan of $250K or more we may be able to provide an initial pre-approval to ease the process. It is possible to do this without credit checks and within 6 hours of the initial application. The pre-approval is based upon an initial evaluation that involves answering a couple of financial well-being questions. It is neither an offer nor a guarantee of funds. The approval of a conditional loan is subject to an assessment of your creditworthiness and any offer you may receive may have different terms.
You can apply for a company loan if you;
The application process is fast and simple. Simply complete the online form within a few minutes and an experienced business expert in lending will be in touch to guide you.
For a loan of up to $100,000 you’ll need identification details (valid Driver’s License) as well as an NZBN/IRD that is valid and at least six months worth of bank statements.
For larger loan sizes, you’ll need:
$100K – $250K: Application details including credit approval, 6-12 months of bank statements, IRD statement (if the loan is greater than $150K).
$250K – $500K: Application details including credit consent, 12 month bank accounts, the IRD statements and the last two years’ finalised financial statements, as well as interim current financial year financials, Aged Payables and Aged Receivables summaries.
For an unsecured loan ($5K and up) we usually offer an answer in just one hour – as long as you make your application within quality company times and let us make use of the advanced bank verification system to immediately verify your bank account information online. If you want to upload copies of your bank statements , we are able to offer a decision in just an company day.
For the Larger Business Loan ($100K up to $500,000) we might be likely to provide you with pre-approval conditional to your application within about six hours. After you’ve signed your pre-approval form, it will take between 2 and 3 days for the final approval. However, this could be shorter based on the circumstances of each application. Certain agreements have been approved in just 24 hours.
The quickest way to apply can be make sure you apply during standard company hours. You can also allow us to use the modern bank verification to verify your bank account information online. If you upload documents from your account statements , it will take a little longer.
For the Small Business Loan ($5K up to $100,000) We can usually provide a response in one hour if you apply during normal business times and let us utilise the advanced bank verification system link to instantly verify your bank’s information online. If you choose to submit copies of your bank statements, we’ll be able to offer a decision in just an business day.
For Larger Business Loans ($100K up to $500,000) we may be likely to offer you with a conditional pre-approval in around 6 hours. After you’ve signed the pre-approval, turnaround times are about 2-3 days for final approval, however this may be quicker depending on the particular circumstances of each application. Certain deals have been approved in less than 24 hours.
The most effective method would be to make sure you apply during standard business hours, and let us use the modern bank verification to verify your bank information online. If you decide to upload copies of your bank statements it can take a bit longer.
We provide loans that range from $5,000 and $500,000. When you submit an application for a particular amount, we look at a variety of elements to determine how much we can lend you health for your business and the level of repayments that your business is able to afford. The total amount of the loan will be determined by the specifics for your business.
If you apply for a set amount, we look at a range of variables to assess the well-being for your company and the extent of repayments that your business is able to afford. The amount you receive from your loan will be contingent on the particulars the business.
If you decide to make an application for one of our company loans, we will assess the risk profile of your business and provide you with a customised offer that includes the amount of loan, the term and interest rates. The business loan is an upfront-priced loan which means you be aware of the total amount due, which includes any charges, interest rates or fees.
Interest rates for business loans rates vary due to factors such as the amount that is that is borrowed, what company assets the funds will be used for in addition to the industry that the company is in, how long the business has been operating as well as how long the business has enough cash flow to pay for the loan, as well as the general well-being and creditworthiness of the company.
There are no hidden costs with our business loans, and you’ll know precisely how much it is that you be required to pay and at what time, from the day you sign up. There’s no compounding interest and the loan comes with no additional fees (as long as you are able to make your payments punctually).
We do not charge an application fee. You can request a credit loan absolutely no upfront cost and no the obligation to take action.
The Origination Fee includes the expenses associated in establishing 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 amount of loan.
You can choose to repay the total amount of your loan early at any time.
If you do decide to take this route, please talk to one of our helpful business loans specialists. They will offer you with details for repayment and an early payout figure. The figure will be calculated as the total of the remaining principal amount and the accrued interest up to the time of early payment and 1.5 percent of the principal amount remaining and any outstanding fees.
To ensure that you don’t miss payments and to work with your cash flow standard, we provide repayments either weekly or daily. These are automatically withdrawn from your nominated company account.
Making sure that your information is secure, and being transparent about the ways we gather the information we collect, use, share and protect your information, is of huge importance and is a crucial element of our relationship with you.
Yes. We employ industry-recognised encryption protocols to safeguard your sensitive, personal financial and other data. Our funders are ISO 27001 certified for our dedication to protecting the security of customers and privacy. We utilise a sophisticated bank verification system that allows you to immediately confirm your bank account information online so we can offer quick responses.
The term "asset-based" refers to borrowing where a business owner uses an asset they own to obtain a loan. The asset may be a personal asset like the family home, or an company asset such as a truck or piece or equipment.
The majority of banks, not just the big banks, tend to secure loans against assets. If you are having difficulty paying back the loan, then the asset could be offered for sale by the lender. In essence it is the process of securing new financing using the worth of the asset you already own.
For loans up to $150K it is not necessary to secure assets in advance to gain access to the funds but we do require a personal guarantee. In the event that you fulfill your loan commitments (as stipulated in your loan contract) and you are able to meet your obligations, asset security will never be needed. For loans that exceed $150,000, generally, you are able to get a personal ensure and security that is in the form the charge of assets.
