Services in Puni
- Unsecured Business Loans Puni
- Business Finance Puni
- Puni Business Lending
- Puni Business Loan
- Small Business Finance Puni
- Puni Business Funding
- Puni Working Capital
- Small Business Lending Puni
- Puni Short Term Business Loan
The criteria for eligibility for an unsecured business loan in Auckland of between $5K to $100K are quite minimal.
Need more funds? Review the eligibility requirements for our $100K to $500K company loan.
All that is needed to begin is your contact information (the name of your company, your name, email address or phone number) along with 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 before we can begin:
Additionally after we get started, for loans greater than $150,000 you’ll also require fundamental financial statements:
Let’s get started.
Auckland unsecured loans provides the range of $5,000 to $100,000. The terms range between 3 and 24 months and cash flow-friendly repayments that are either daily or weekly.
The application to this Small Business Loan in under 10 minutes online or over the phone, receive an answer within the same day and funds may be in your account within 24 hours. Traditional business loans reference an annual interest rate as well as other fees and charges. This business loan is a loan that is priced upfront and you’ll know ahead of time the amount you will have to pay, including any fees, interest or charges. Then, it is broken down into weekly or daily amount to be paid back.
A Small Business Loan can be used to fulfill almost any company reason, such as control of cash flow business renovations, marketing, to purchase 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 of loan that can be used to fund company expansion opportunities. Loans range from $100,000 to $500,000 with a term fixed that can last up to 36 months. Repayments are weekly or fortnightly, depending on the flow of cash.
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 credit that is this large, your business needs to be in operation for at least 3 years and have 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 and have a New Zealand company (with a valid NZBN/IRD) and be able demonstrate at the least 12 months of operating.
A Business Loan of a larger size can be used for almost any business use, including company renovations, to purchase equipment or inventory for general working capital, and much more. The loan is not available for personal purposes.
Asset security is necessary for accessing funds over $150,000. This is as a result of an charge on assets, and could include the registration of this on the PPSR or filing as a caveat.
A personal or director’s guarantee is a promise to pay off a credit line that is general in nature, rather than stating the security for a particular asset. The person who is signing the guarantee is personally liable in the event that the company lender is not able to make the repayment.
The Personal Property Securities Register (PPSR) is an online, central registry run by the New Zealand Government. It contains security interests that are registered for personal property (including goods or assets). The PPSR gives preference over private property assigned in accordance with the date on which a security interest has been registered.
An affidavit is an official document that is filed to provide an official notice of a claim to a property.
If you’re applying for the Larger Business Loan of $250K or more, we may offer an initial pre-approval that will help ease the process. We could be able to make this decision without credit checks and within 6 hours of your initial application. This pre-approval is made based on a preliminary assessment which includes answering a couple of financial health questions. This is neither an offer nor a guarantee of finance. Acceptance without condition is subject to an exhaustive credit evaluation, and any offer that you receive could be based on different conditions.
You are eligible to apply for an business loan if you
The application process is simple and easy. Simply complete the online form within a few minutes and a dedicated company lending specialist will contact you to help you.
To apply for up $100,000, you’ll require identification details (valid Driver’s License), a valid NZBN/IRD as well as at least 6 months of bank statements.
For larger loan sizes, you’ll also require:
$100K – $250K: Application details including credit consent, 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 bank statement, an IRD statement, last 2 years finalised financial statements, in addition to interim financial statements for the current year as well as Aged Payables and Receivables reports.
For an unsecured loan ($5K or more) we can often offer an answer within an hour, provided you submit your request at standard company time and allow us to utilise the bank verification system to instantly verify your bank details online. If you want to send us copies of your bank statements we can offer an answer in as little as an company day.
For the Larger Business Loan ($100K or more) we might be likely to provide you with conditional pre-approval within about 6 hours. After you’ve signed the pre-approval, the turnaround time is between 2 and 3 days for the final approval, however this may be quicker depending on the circumstances of each application. Some transactions have received approval within just 24 hours.
The quickest method is to ensure you apply during standard business hours. Also, let us use the advanced bank verification system to verify your bank information online. If you upload copies of your bank statements it can take a bit longer.
For the Small Business Loan ($5K and up) We can usually provide an answer within one hour – as long as you make your application during standard business times and allow us to use the bank verification system link to instantly verify your bank’s information online. If you opt to submit copies of your bank statements, we’ll be able to provide a decision in as little as an business day.
For Larger Business Loans ($100K to $500K) we could be able to offer you with conditional pre-approval in around 6 hours. Once you have signed the pre-approval form, it will take around 2-3 days for final approval. However, it could be faster based on the particular circumstances of each application. Some transactions have received approval within just 24 hours.
The fastest method would be to make sure you apply during standard business hours, and permit us to use the advance bank verification to verify your bank account information online. If you send us copies of your bank accounts, it takes a bit longer.
We offer loans that range from $5,000 and $500,000. When you make an application for a certain amount, we take into consideration a range of factors in order to assess how much we can lend you well-being of your business and the amount of the repayments your business is able to afford. The total amount of your loan will depend on the specific circumstances that are unique to your business.
If you apply for a certain amount, we look at a range of variables to assess the health that is your company and the level of the repayments your business can afford. The amount you receive from your loan will depend on the specific circumstances of your company.
When you request our company credit, we will assess the risk profile for your business and offer an individualised offer, including the amount of loan, the term and the interest rates. A company loan is an upfront-priced loan which means you know the exact amount to be paid, including any charges or interest.
Business loan interest rates depend on several variables like the amount to be borrowed, what business assets the money are used to purchase in addition to the industry that the company is in, how long the business has been running as well as whether the company has sufficient cash flow to support the loan, as well as the overall well-being or creditworthiness of the company.
There aren’t any hidden charges with our company loans, and you’ll know precisely what you’ll need to pay and when, right from day one. There’s no compounding interest and no additional fees (as as you make your payments in time).
We don’t charge an Application Fee. You can make an application for loans with without any upfront costs or obligation to proceed.
The Origination Fee covers the expenses involved with setting up and managing the loan. The only way to pay this fee if you choose to proceed with the loan. The Origination Fee for us is 2.5 percent of the amount of the loan.
You may choose to pay back the entire amount of the loan early at any time.
If you choose to pursue this option, please contact our helpful business credit experts. They’ll offer you with the details of your repayment and an early payout figure. The figure will be calculated as the total of the principal balance and any accrued interest at the time of the early payout in addition to 1.5 percent of the principal remaining plus any outstanding fees.
To help you avoid missing repayments and to fit in your cash flow schedule, we provide repayments either daily or weekly. They will be automatically deducted from your designated business account.
Making sure that your information is secure, and knowing the ways we gather the information we collect, use, share and protect your information, is crucial and is an essential element of our relationship with you.
Yes. We make use of industry-standard encryption standards to secure your sensitive, personal as well as financial data. Our funders are ISO 27001 qualified for our commitment to security for our clients and security. We use an advanced bank verification system link to immediately confirm your bank account information online. This allows us to offer rapid response.
The term "asset-based" refers to borrowing where the company owner makes use of the assets they have to obtain the funding. The asset may be an individual property, such as the family home, or it could be a company property like a truck or other piece of machinery.
The majority of the lenders including the major banks, prefer to make loans secured by an asset. If you’re having trouble paying back the loan, then the asset might be taken over by the lender. In essence, it’s an opportunity to secure new funding making use of the value of what you already own.
For loans of up to $150,000, there is no requirement for asset security prior to the loan’s access however, we require a personal guarantee. need an individual guarantee. So long as you comply with the terms of your loan (as stipulated in your loan contract) Asset security is not needed. If you take out loans in excess of $150,000 generally, there is an individual guarantee and security is provided in the form of a charge over assets.
