An Epuni unsecured business loan is easy and quick to obtain. Request a quick approval and start using the funds to grow your company.
You can expect:
The criteria for eligibility for an unsecured business loan to be made in Epuni are fairly minimal.
Call Now 0800 510 024Requesting an company loans for company in Epuni with us is simple and only takes about a couple of minutes, there are no lengthy forms or lines.
Get approved and receive your cash within 1-2 company days.
We want to assist Epuni companies of all kinds, from small to medium-sized soloprenuers to get access to quick funding so that they can take advantage of loans to expand and develop.
The requirements for getting an unsecured business loan in Epuni of between $5K and $100K is fairly low.
Need more funds? Check out the conditions of eligibility for our $100K-$500K business loans.
The requirements for eligibility to be eligible for larger Epuni business loans of between $100K and $500K are:
You are looking for a lesser amount of money? Look over the conditions for eligibility for our $5K-$100K Epuni unsecured business loans.
An Epuni unsecured loan is perfect for nearly any business need. Call us now.
Do you want to begin one of these as soon as tomorrow? Get in touch with us or apply online now for the quickjest fasted way.
All you need to start is your contact information (company name, your name, email and phone), how much you’d like to borrow, and your monthly revenue.
Through the process and before settlement we will need confirmation of who you are, but not to get started:
After we start in the process, for loans greater than $150,000 you’ll also require the following financial statements:
Let’s get started now.
With traditional and bank lenders increasing their credit requirements as well as the continuous stream of alternative and non-bank loan providers that are entering the market offers an incredible source to make use of.
Epuni SME’s are now in a position to obtain finance via alternate lenders servicing Epuni who are focused on facilitating company expansion or smoothing out cash flow issues. In the past, private credit options (drawing equity from the home loan or credit cards and personal loans as well as overdrafts) could be the best alternative funding solutions within Epuni that were around.
There is now there is no need for you to rely on using real estate to secure company loan. With an unsecured loan, business financing is now easy. Instead of a traditional term loan from the bank, business finance for a small company with interest rates and loan terms that aid with cash flow is around as business loan options.
There are substantial benefits associated with separating personal and business debt.
Reduce your risk, and make tax times simpler, start with an unsecure company loan, apply today.
One major benefit of keeping your private and business assets apart is that your house isn’t necessarily tied up to the funds. If you’re looking for a small business loan within Epuni up to $100K, asset security will not be needed as long as the borrower is able to meet the loan requirements.
Companies will be in a favourable long-term financial position if they are able to demonstrate credit/debt capability.
The separation of personal as well as company finances makes it significantly more seamless when it comes to tax time - particularly when identifying what is the tax-deductible amount. Particularly when determining what is the tax deductible allocation. IRD has outlined the rules on the evidence 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 success in any company. By keeping your personal finances and company finances distinct, businesses can easily view the situation, track and plan based on their ability to easily assess their cash flow position.
Epuni unsecured loans offers amounts between $5,000 and $100,000. The terms range between 3 and 24 months, cash flow friendly repayments, which are either daily or weekly.
It is imaginable to apply to get the Small Business Loan in under 10 minutes via the internet or on the phone. You’ll receive an immediate response, and the funds could be in your account within 24 hours. Traditional company loans are based on an interest rate per annum along with other charges and fees. This company loan is a loan that is priced upfront which means you be aware in advance of the total amount payable including the interest, fees and charges. This is then broken down into weekly or daily repayment figure.
The Small Business Loan can be used to fulfill almost any company reason, such as cash flow management, company remodeling, marketing to purchase inventory or new equipment, for general working capital and so much more. The loan cannot be used to fund personal expenses.
The Larger Business Loan is a larger size loan to aid in business growth opportunities. Loans range between $100,000 and $500,000 with a term fixed that can last up to 36 months. The repayments are made weekly or fortnightly in order to accommodate your cash flow.
This Larger Business Loan has an Origination Fee, calculated at 2.5 percentage of the amount of the loan.
To be eligible for a credit in this amount the company needs to have been operating for a minimum of 3 years and generate an annual revenue of $700K. Your business must belong to a New Zealand Citizen (or Permanent Resident) who is over the age of 18 and have a New Zealand company (with a valid NZBN/IRD) and be able to prove at minimum 12 months of business.
A larger company loan can be used to fund almost every business need, including company improvements, purchasing new equipment or inventory, as general working capital and much more. The loan cannot be used to fund personal expenses.
Asset security is needed to access funding over $150,000. It is usually by way of charge on assets and can be registered with the PPSR or filing a caveat.
A director’s or personal ensure is a commitment to repay credit that is generally in nature rather than stipulating the security for a particular asset. The person signing the ensure is personally liable if the business the borrower fails to pay back 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 registered in respect of personal property (including objects or assets). The PPSR allows prioritisation over property that is personal to be granted according to the date the registration of a security interest.
Caveats are legal form of document to offer the legal claim against a property.
If you’re applying for larger company loans of $250,000 or more, we may offer an initial pre-approval to make the process. We may be able to apply for this without a credit check, and within 6 hours of your initial application. The pre-approval process is based on a preliminary assessment which includes you answering a few financial well-being questions. It’s neither an offer nor a guarantee of finance. Unconditional approval is subject to a full credit assessment and any offer you might receive could have different terms.
You are eligible to apply for an company loan if you;
The application process is fast and easy. Just fill out the online application within a couple minutes, and an experienced company lending specialist will be in touch to guide you through the process.
To apply for up to $100,000 you’ll require proof of identity (valid Driver’s Licence) as well as an NZBN/IRD that is valid and at least six months of bank statements.
Otherwise, for larger loan sizes, you’ll also require:
$100K – $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 and 12 months bank statement, an IRD statement and the last two years’ finalised financial statements, in addition to interim financials for the current financial year including Aged Payables, Aged Receivables summary.
For an unsecured loan ($5K up to $100,000) We can usually offer a response in one hour – as long as you submit your request within standard business time and permit us to utilise the advanced bank verification system to instantly verify your bank information online. If you choose to upload copies of your banking statement, we’ll offer the decision within just one business day.
If you are applying for a Larger Business Loan ($100K to $500K) we could be able to offer you with a conditional pre-approval in around six hours. Once you have signed the pre-approval document, you will need to wait around 2-3 days for final approval. However, this could be shorter based on the specifics of each application. Certain deals have been approved within 24 hours.
The quickest method would be to ensure you apply during normal 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 statement, it takes a bit longer.
For the Small Business Loan ($5K up to $100,000) we typically offer an answer in just one hour if you submit your request in standard business hours and you allow us to utilise the advanced bank verification system link to instantly verify your bank information online. If you opt to submit copies of your bank statements we can provide an answer in as little as an business day.
For the Larger Business Loans ($100K and up) We may be in a position to offer you with a conditional pre-approval in around 6 hours. Once you’ve signed your pre-approval, turnaround times are around 2-3 days for final approval. However, it could be faster based on the circumstances of each application. Some agreements have been approved in the space of 24 hours.
The most effective method can be ensure you apply during normal business hours and permit us to use the advanced bank verification system link to check your bank’s information online. If you upload documents from your account statements, it can take a bit longer.
We offer the loan amount between $5,000 and $500,000. If you apply for a certain amount, we consider a variety of factors in order to assess how much we can lend you health for your business and the amount of repayments that your business is able to afford. The total amount of your loan will be contingent on the specific circumstances for your company.
When you apply for a certain amount, we look at a range of elements to assess your health for your business and the extent of payments your company can support. The total amount of your loan will depend on the specifics the business.
If you decide to make an application for our company loans, we will assess the risk assessment that you have for your company and offer you with a customised proposal that includes loan amount, term and interest rates. The company loan is an upfront cost loan so you will be aware in advance of the total amount you will have to pay, including interest rates, fees or charges.
The interest rates on business loans rates vary due to factors like the amount of money that is borrowed, what company assets the money will be used for in addition to the industry that the business is in, how long the business has been in operation as well as whether the business has enough cash flow to pay for the loan, as well as the general well-being and creditworthiness of the business.
There aren’t any hidden costs for our company loans, and you’ll know exactly how much it is that you need to pay and when, right from the day you sign up. There’s no compounding interest and no extra fees (as long as you are able to make your payments punctually).
We don’t charge an Application Fee. You are able to apply for a loan with no cost upfront or obligation to proceed.
The Origination Fee is the cost associated with the setting up and management of 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 loan amount.
You can decide to repay the entire amount of your loan in full at any time.
If you choose to pursue this option, please speak to our friendly company loan specialists. They will offer you with details for repayment and an early payout figure. This is calculated as the sum of the remaining principal amount and accrued interest to the time of the early payout plus 1.5% of the principal amount remaining as well as any outstanding fees.
To help you avoid missing payment dates and to align your cash flow schedule, we provide repayments either daily or weekly. They will be automatically deducted from your business account.
Making sure that your information is secure, and being transparent about the ways we gather data, process, exchange and safeguard your data, is of huge importance and is an essential element of our relationship with you.
Yes. We make use of industry-standard encryption protocols to safeguard your personal, sensitive as well as financial data. Our funders are ISO 27001 qualified for our dedication to protecting the security of customers and privacy. We utilise a sophisticated banking verification system to instantly confirm your bank account information online so we can provide an immediate response.
Asset-based borrowing is when the business owner borrows from an asset they own to secure the funding. 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 truck or piece of equipment.
The vast majority of lenders, including the banks with the biggest size, prefer to guarantee loans against assets. If you are having difficulty paying back the loan, then your assets could be transferred to the lender. In essence it is means of securing new funding making use of the value of what you already own.
Up to $150,000 in loans the requirement for asset security is not required in advance to gain access to the funds but we do require an individual guarantee. So long as you comply with your loan commitments (as stipulated in the loan contract) and you are able to meet your obligations, asset security is not needed. If you take out loans in excess of $150K generally, you are able to get a personal guarantee and security in the form of an asset charge.
We can’t assist with an unsecured business loan for these types of industries, we may be able to assist you by providing the secured business loan.
