Services in Puni
- Unsecured Business Loan Puni
- Puni Business Finance
- Business Lending Puni
- Business Loans Puni
- Small Business Finance Puni
- Puni Business Funding
- Puni Working Capital
- Puni Small Business Lending
- Puni Short Term Business Loans
The eligibility requirements for an unsecured business loan in Auckland of between $5K and $100K is fairly low.
Do you need more money? Find out the eligibility requirements for our $100K to $500K business loan.
All you need for starting is your contact details (the name of your company, your name, email address and telephone) along with the amount you’d like to lend, and your monthly earnings.
While in the process and before settlement we will require confirmation of your identity but not for starting:
Additionally after we get started with loans of more than $150,000 you will also require the following financial statements:
Let’s get started.
Auckland unsecured loans provides amounts of between $5,000 and $100,000. Terms range from 3 and 24 months and cash flow friendly repayments that are either per day or weekly.
Apply for this Small Business Loan in under 10 minutes on the internet or over the phone, receive an instant response and the money could be available in just 24 hours. Traditional company loans refer to an annual interest rate together with additional fees and charges. We offer a company loan is an upfront priced loan which means you know ahead of time the total amount payable including any fees, charges or charges. Then, it is divided into a daily or weekly installment amount.
A Small Business Loan can be used to fulfill almost any business purpose including cash flow management, business renovations, marketing for purchasing inventory or new equipment, for general working capital and so much more. The loan is not available to fund personal expenses.
The Larger Business Loan is a larger size of loan that can be used to fund business expansion opportunities. The loan ranges from $100,000 to $500,000 with a term fixed for up to 36 months. The repayments are made weekly or fortnightly depending on your situation.
A Larger Business Loan has an Origination Fee, which is determined at 2.5% of the amount of the loan.
In order to be eligible for a loan in this amount the company needs to have been operating for at least three years and have an annual turnover of $700K. It is necessary to be a New Zealand Citizen (or Permanent Resident) over 18 years and have a New Zealand company (with a valid NZBN/IRD) and be able to prove at minimum 12 months of continuous trading.
A larger business loan can be used for almost every business need, including business renovations, to purchase new equipment or inventory as well as for general working capital, and much more. The loan cannot be used for personal use.
Asset security is needed for accessing funds over $150,000. This is as a result of an charge against assets, and may be registered in the PPSR or making a caveat.
A personal or director’s ensure is a commitment to pay back a loan that is generally in nature rather than stipulating the security for a particular asset. The person who signs the ensure is personally accountable if 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 lists security interests that are which are registered with respect to personal property (including goods or assets). The PPSR allows the priority of personal property assigned according to the date a security interest that is registered.
The caveat can be described as a formal document that is filed to provide an official notice of a claim to property.
If you’re requesting a Larger Business Loan of $250K or more we may be able to provide an initial pre-approval to simplify the process. We could be able to apply for this without a credit verification and within six hours of your initial application. The pre-approval is based upon an initial assessment, which involves you answering a few financial well-being checks. This is in no way an offer, nor is it a guarantee of credit. Acceptance without condition is subject to an exhaustive credit evaluation, and any offer you are offered could be subject to different conditions.
You may apply for an business loan if you:
The application process is fast and simple. Just fill out the online application in few minutes and a dedicated business credit specialist will call you to help you.
To be eligible for up to $100,000, you’ll require identification details (valid Driver’s License) along with an active NZBN/IRD, and at least 6 months of bank statements.
For larger loan sizes, you’ll need:
$100K – $250K: Application requirements, including credit consent, 6-12 months of IRD statements, bank statements (if loan above $150K).
$250K-$500K: Information on the application including credit consent as well as 12 months of bank records, 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 up to $100,000) we usually offer a response in one hour, provided you submit your request during quality company hours and permit us to utilise the advanced bank verification system link to instantly verify your bank details online. If you opt to upload copies of your bank statements , we’ll be able to offer the decision in just 1 company day.
For the Larger Business Loan ($100K to $500K) we may be able to offer the conditional pre-approval within about six hours. After you’ve signed your pre-approval form, it will take about 2-3 days for final approval, however this could be shorter based on the circumstances of each application. Some agreements have been approved within 24 hours.
The most efficient method for you to apply is ensure you apply during standard company hours. Also, permit us to use the advance bank verification to instantly verify your bank account information online. If you choose to upload the copies of bank statement, it may take a bit longer.
For the Small Business Loan ($5K up to $100,000) we typically offer an answer within an hour if you submit your request at normal business timings and let us make use of the advanced bank verification system link to instantly verify your bank’s information online. If you want to send us copies of your bank statements, we will be able to offer an answer in just one business day.
For Larger Business Loans ($100K or more) we could be capable of provide you with a conditional pre-approval in about 6 hours. After you’ve signed the pre-approval document, you will require to wait about 2-3 days for final approval. However, this could be shorter based on the specifics of each application. Certain transactions have received approval in the space of 24 hours.
The most effective method for you to apply is make sure you apply during standard business hours and allow us to use our sophisticated bank verification link to confirm your bank details online. If you send us duplicates of your banking statement, it can take a bit longer.
We offer loans that range from $5,000 to $500,000. If you apply for a certain amount we consider a variety of elements for determining your well-being of your company as well as the amount of repayments your business can support. The amount you receive from the loan will be determined by the specifics that are unique to your business.
When you submit an application for a set amount, we will consider a number of factors to determine your health that is your business and the level of repayments that your company can support. The amount you receive from your loan will be determined by the specifics the company.
If you decide to request business loans with us company loan, we will assess the risk assessment of your business and offer an individualised proposal that includes loan amount, term and interest rates. This business loan is an upfront-priced loan and you’ll know the exact amount to be paid, including any costs, fees, or interest rates.
Interest rates for company loans rates differ based on various variables like the amount to be borrowed, the business assets the funds will be used for and the sector the business is operating in, how long the company has been operating and whether the business has enough cash flow to pay for the loan, and general well-being and creditworthiness of the company.
There are no hidden costs with our company loans. You’ll know precisely what you’ll need to pay and when, from the very first day. There’s no compounding interest, and no extra fees (as as long as you pay your payments punctually).
We don’t charge an application fee. You are able to apply for a loan with without any upfront costs or commitment to apply.
The Origination Fee covers the expenses involved in establishing and managing the loan. It is only charged for this cost if you take out the loan. Our Origination Fee is 2.5 percentage of the amount of the loan.
You can decide to repay the entire amount of your loan in full at any time.
If you choose to take this route, please speak to our friendly business credit experts. They will provide you with repayment details and an early payment figure. This will be calculated as the total of the principal remaining and any accrued interest at the time of early payout plus 1.5 percent of the principal balance plus any outstanding fees.
To make sure you do not miss payments and to work your cash flow cycle we provide repayments either daily or weekly. They will be automatically deducted from your company account.
Protecting your information, and being transparent about how we collect the information we collect, use, share and safeguard your data, is crucial and is a crucial part of our relationship with you.
Yes. We use industry recognised encryption standards to secure your personal, sensitive as well as financial data. Our funders are ISO 27001 certified for our dedication to the security of our customers 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 so we can provide rapid response.
Asset-based borrowing occurs when the business owner makes use of assets they own to get the loan. The asset may be an individual asset, such as the family home or an company asset like a truck or piece or equipment.
The majority of banks, even the major banks, prefer to make loans secured by assets. If you have trouble paying back the loan, your assets could be sold by the lender. In essence it’s a way of securing additional financing using the value of what you already own.
For loans that exceed $150,000, the requirement for asset security is not required upfront to access the money, however we require a personal guarantee. need the personal guarantee. As long as you follow your loan commitments (as detailed in your loan contract document) Asset security is not required. For loans of over $150K generally there is an individual ensure and security in the form charges on assets.
