Services in Epuni
- Epuni Unsecured Business Loans
- Epuni Business Finance
- Business Lending Epuni
- Epuni Business Loan
- Small Business Finance Epuni
- Business Funding Epuni
- Epuni Working Capital
- Epuni Small Business Lending
- Epuni Short Term Business Loans
The eligibility requirements for an unsecured business loan in Lower Hutt of between $5K and $100K are fairly minimal.
Need more funds? Check out the conditions of eligibility for our $100K-$500K business loans.
All you need to get started is your contact details (the name of your company, your name, email or phone number), how much you’d like to borrow and your monthly income.
Through the process and before settlement we’ll need confirmation of your identity, however, not in order to begin:
After we start when it comes to loans over $150,000 you’ll also require basic financial statements.
Let’s get started now.
Lower Hutt unsecured loans offers amounts of between $5,000 and $100,000, with terms ranging from 3 and 24 months. They also offer cash flow-friendly repayments that are either per day or weekly.
It is possible to apply to get your Small Business Loan in under 10 minutes on the phone. You’ll receive an immediate response, and funds may be available in just 24 hours. Traditional business loans reference an interest rate per annum together with additional fees and charges. We offer a business loan is a loan that is priced upfront which means you know in advance the total amount due, which includes the interest, fees and charges. This is then broken down into either a daily or weekly amount to be paid back.
It is a Small Business Loan can be used for nearly every company purpose including managing cash flows, company remodels and 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 loan size to support business growth opportunities. The loan ranges from $100,000 to $500,000 with a term fixed up to 36 months. Repayments are scheduled weekly or fortnightly depending on you cashflow.
The Larger Business Loan has an Origination Fee which is calculated at 2.5 percent of the loan amount.
In order to be eligible for a loan of this size the business needs to be operating for a minimum of 3 years with an annual turnover of $700K. The applicant must also be a New Zealand Citizen (or Permanent Resident) with a minimum age of 18 years old or have a New Zealand business (with a valid NZBN/IRD) and be able demonstrate at minimum 12 months of continuous trading.
A larger business loan can be used to fund almost every business reason, such as company improvements, purchasing equipment or inventory or as general working capital and much more. The loan is not available to fund personal expenses.
Asset security is necessary for accessing funds over $150,000. This is by taking a charge on assets, and could include registration through the PPSR or making as a caveat.
A personal or director’s guarantee is a guarantee to pay off a credit line that is generally based rather than specifying the security of a specific asset. The person who signs the guarantee is personally liable if the business the borrower fails to pay back the debt.
The Personal Property Securities Register (PPSR) is an online, central registry run by the New Zealand Government. It reflects security interests granted to individuals who own personal property (including the assets or goods). The PPSR gives priority over personal property to be granted in accordance with the date on which a registration of a security interest.
A caveat is a legal document that is filed to offer the public notice of a legal claim to a property.
When you’re applying for the Larger Business Loan that is greater than $250,000 it’s possible to offer a preliminary pre-approval to help make the process. It is possible to apply for this without a credit verification and within 6 hours of your initial application. This pre-approval is made based on an initial assessment, which involves answering a couple of financial well-being questions. It is in no way an offer, nor is it a guarantee of funds. Unconditional approval is subject to an exhaustive credit evaluation, and any offer that you might receive could be subject to different terms.
You may be eligible for a company loan if you;
The application process is simple and easy. Simply complete the online form within a couple minutes, and an experienced company credit specialist will call you to assist you.
To be eligible for up to $100,000 you’ll need identification details (valid Driver’s Licence) and a valid NZBN/IRD as well as at least six months of bank statements.
If you’re looking for loans with larger sizes, you’ll need:
$100K to $250K: Information about the application including credit consent, 6-12 months of IRD statements, bank statements (if the loan is greater than $150K).
$250K to $500K: Details of the application, including credit consent twelve months bank statement, an IRD statements Last 2 years’ finalised financial statements, in addition to interim current financial year financials including Aged Payables, Aged Receivables Summary.
For an unsecured loan ($5K to $100K) we typically offer an answer in just one hour – as long as you make your application at standard company time and you allow us to use the advanced bank verification system to instantly verify your bank information online. If you want to upload copies of your bank statements , we’ll be able to offer an answer in just 1 business day.
For the Larger Business Loan ($100K up to $500,000) we could be likely to provide the conditional pre-approval within six hours. After you’ve signed the pre-approval form, it will take about 2-3 days for final approval, however this could be shorter based upon the circumstances for each application. Certain agreements have been approved in just 24 hours.
The fastest way would be to ensure you apply during standard company hours, and allow us to use the advanced bank verification system link to verify your bank information online. If you upload the copies of bank statements , it may take a bit longer.
For the Small Business Loan ($5K up to $100,000) we usually offer an answer within one hour if you make your application during normal business hours and allow us to use the advanced bank verification system to instantly verify your bank details online. If you want to upload copies of your bank statements, we’ll be able to offer a decision in just an business day.
For the Larger Business Loans ($100K up to $500,000) we could be capable of offer you with conditional pre-approval within 6 hours. Once you’ve signed your pre-approval document, you will require to wait around 2-3 days for final approval. However, this may be quicker depending on the specifics of each application. Some offers have been approved within just 24 hours.
The quickest method would be to ensure you apply during normal business hours and permit us to use the advanced bank verification system link to instantly confirm your bank details online. If you decide to send us copies of your bank statement, it may take a bit longer.
We offer the loan amount between $5,000 and $500,000. When you make an application for a specific amount we consider a variety of elements that determine your health of the company and the amount of the repayments your company will be able to support. The total amount of your loan will be contingent on the specific circumstances for your business.
When you submit an application for a certain amount, we look at a range of variables to determine the health that is your company as well as the amount of the repayments your business can support. The amount you receive from your loan will depend on the specifics that are unique to your company.
If you decide to request business loans with us company loans, we will assess the risk assessment for your business and provide an individualised proposal that includes the amount of the loan, the duration and the interest rates. The business loan is a loan that is priced upfront which means you be aware of the total amount due, which includes any charges or interest.
Business loan interest rates depend on several factors like the amount of money of money borrowed, the business assets the money are used to purchase in addition to the industry that the business is in, how long the business has been running, whether the company has enough cash flow to cover the loan, as well as the overall health as well as creditworthiness business.
There are no hidden fees for our business loans. You’ll know precisely what you’ll need to pay and when, right from day one. There’s not any compounding interest and no extra fees (as as long as you pay your payments on time).
We do not charge an Application Fee. You can get a cash loan with no upfront cost or any obligation to sign up.
The Origination Fee is the cost associated with the setting up and management of the loan. It is only charged for this fee if you proceed with the loan. Our Origination Fee is 2.5 percentage of the loan amount.
You can repay all of your loan early at any time.
If you are deciding to take this route, please speak to our friendly business loans specialists. We will offer you with the details of your repayment along with an early payout estimate. This will be calculated as the total of the principal remaining and accrued interest to the time of early payout, plus 1.5% of the principal amount remaining plus any outstanding fees.
In order to help you avoid missing payment dates and to align with your cash flow general, we provide repayments either weekly or daily. These are automatically deducted from your company account.
Security of your data, and being transparent about the ways we gather, use, exchange and protect your information, is vital and is a crucial part of our relationship you.
Yes. We employ industry-recognised encryption techniques to protect your sensitive, personal financial and other data. Our funders are ISO 27001 qualified for our commitment to customer security and security. We make use of an advanced banking verification system to instantly confirm your bank account information online to provide a fast response.
Asset-based borrowing is when an business owner borrows from an asset they own to make the loan. The asset can be either an asset belonging to the personal, like the family home, or it could be a company asset such as a vehicle or piece of equipment.
The vast majority of banks, not just the largest banks, are inclined to guarantee loans against an asset. If you have trouble paying back the loan, the asset might be sold by the lender. In essence, it’s an opportunity to secure new financing by taking advantage of the value of what you already have.
For loans that exceed $150K, there is no requirement for asset security in advance to gain access to the funds however, we do require the personal guarantee. As long as you follow your loan commitments (as stated in the loan contract) and you are able to meet your obligations, asset security will never be required. For loans over $150,000 generally, you can get a personal guarantee and security in the form of a charge over assets.
