A Puni unsecured business loan is quick and easy in applying for. Approve your loan in a matter of minutes and begin using the money in your company.
What you can expect:
The conditions for eligibility for an unsecured business loan in Puni are fairly minimal.
Call Now 0800 510 024Requesting the business loans in Puni with us is easy and takes just less than a minute, with no mountains of paperwork or queues.
Get approved and receive your cash within 1 to 2 company days.
Our purpose is to assist Puni companies of all types, whether small, medium or solopreneurs to access funding fast so they can utilise the loan to build and expand their business.
The eligibility requirements for an unsecured business loan in Puni of between $5K and $100K are fairly minimal.
Do you need more money? Find out the eligibility requirements for our $100K-$500K business credit.
The criteria for eligibility in larger Puni business loans of between $100K and $500K are:
You are looking for a lesser amount of funding? Check out the guidelines for eligibility for our $5K-$100K Puni unsecured business loans.
A Puni unsecured loan is ideal for virtually any company reason. Contact us now.
Do you want to start working on one of these idea as quickly as tomorrow? Then get in touch with us today or send an application online for the quickjest fasted way.
All that’s needed for starting is your contact information (the name of your company and your name, as well as email or phone number) as well as the amount you’d like to borrow and your monthly earnings.
While in the process and before settlement we’ll require confirmation of your identity but not before we can begin:
After we start with loans over $150,000 you’ll require fundamental financial statements:
Let’s get started.
With banks and traditional lenders restricting credit, the steady stream of alternative and non-bank loan providers that are entering the market provides the perfect source for you to take advantage of.
Puni SME’s are now able to access finance through other lenders in Puni who are focused on facilitating company expansion or smoothing problems with cash flow. In the past, individual credit providers (drawing equity from the home loan, or using credit cards and personal loans as well as the overdraft) were the only alternative funding solutions for Puni that were available.
There is now an end to the requirement to depend on using real estate to secure company loans. With an unsecured loan, business financing is easy. Instead of a loan for a term with a bank, business finance for an SME with interest rates and loan terms that aid to manage cash flow are available as business credit options.
There are many benefits with the separation of personal and business debt.
Limit your exposure, make the tax process more simple, apply for an unsecured busines loan. Get it today.
One major benefit of keeping your personal and company assets apart will be the fact that your house isn’t necessarily tied up to access the funds. In the case of a business loan within Puni up to $100K, asset security will not be required as long as the borrower is able to meet the loan requirements.
Businesses are in a more favourable long-term position if they can show good credit and debt ability to service.
It is crucial to separate personal from company finances makes it significantly more straightforward in the event of tax time - particularly when identifying what is the tax-deductible amount. The IRD has set out the requirements for evidence to claim deductions on an organisation’s tax return. This is an area the IRD has specifically advised on.
Effective cash flow management is essential to the long-term survival for any business. By keeping the personal financial and business finances separate, businesses can easily view how they are performing, monitor and plan on their ability to easily examine their cash flow.
Puni unsecured loans offers amounts of between $5,000 and $100,000. The terms range between 3 and 24 months, cash flow friendly repayments that are either daily or weekly.
You can apply to this Small Business Loan in under 10 minutes by phone. You will receive an immediate response, and funds may be available in just 24 hours. Traditional business loans refer to an annual rate of interest plus other fees and charges. We offer a business loan is a loan that is priced upfront so you will know ahead of time the total amount payable including any fees, interest or charges. This is then broken down into a daily or weekly payment amount.
The Small Business Loan can be used for virtually every company reason, such as the management of cash flow, business renovations, marketing to purchase inventory, new equipment, to fund general working capital, and much more. The loan cannot be used for personal reasons.
The Larger Business Loan is a larger size loan to aid in business growth opportunities. The loan ranges from $100,000 to $500,000 with a term fixed up to 36 months. Repayments are either weekly or fortnightly to work with your cash flow.
The Larger Business Loan has an Origination Fee which is calculated at 2.5% of the loan amount.
To qualify for a loan of this size, your company needs to have been operating for at least three years, and have an annual income of $700K. The applicant must also be a New Zealand Citizen (or Permanent Resident) who is over the age of 18 or have a New Zealand business (with a valid NZBN/IRD) and be able to demonstrate at least 12 months of trading.
A larger company loan can be used for nearly any company reason, such as business renovations, to purchase inventory or new equipment for general working capital and much more. The loan cannot be used for personal use.
Asset security is necessary to access funding over $150,000. This can be done as a result of an charge against assets, and may include the registration of this in the PPSR or filing as a caveat.
A director’s or personal guarantee is a promise to pay off a credit line that is generally in nature rather than stipulating security over a particular asset. The person who is signing the guarantee is personally responsible if the company lender is not able to make the repayment.
The Personal Property Securities Register (PPSR) is an online, central register that is operated by the New Zealand Government. It contains security interests granted to individuals who own personal property (including goods or assets). The PPSR permits priority over personal property to be assigned in accordance with the date on which a registration of a security interest.
The caveat can be described as a formal document that is filed to offer the public notice of a legal claim against a property.
When you’re applying for an enterprise loan that exceeds $250K, we may offer an initial pre-approval in order to smooth out the process. We might be able to get this done without a credit verification and within six hours of your initial application. The pre-approval is based upon an initial evaluation that involves you answering some financial health questions. It is in no way an offer, nor is it a guarantee of finance. Unconditional approval is subject to an assessment of your creditworthiness and any offer that you may receive may have different terms.
You can apply for a business loan if you
The application process is simple and simple. Just complete the online application in few minutes and an experienced company expert in lending will be in touch to help you.
To apply for up to $100,000 you’ll need the right identification documents (valid Driver’s Licence) and an NZBN/IRD that is valid and at least six months worth of bank statements.
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 – $500K: Application details including credit consent, 12 months of bank statements, IRD statements and the last two years’ finalised financial statements, in addition to interim financials from the current financial year as well as Aged Payables and Receivables summaries.
For an unsecured loan ($5K or more) We can usually offer a response in one hour if you make your application during standard business time and allow us to make use of the advanced bank verification system link to instantly verify your bank details online. If you choose to upload copies of your bank statements we can provide a decision within just one company day.
For the Larger Business Loan ($100K and up) we may be able to provide the conditional pre-approval within 6 hours. After you’ve signed the pre-approval document, you will require to wait approximately 2-3 days to receive final approval, however this could be shorter based on the circumstances of each application. Certain deals have been approved within 24 hours.
The quickest method can be make sure you apply during standard company hours, and permit us to use the advanced bank verification system link to instantly check your bank’s information online. If you opt to upload documents from your account statements it will take a little longer.
For the Small Business Loan ($5K to $100K) we can often offer an answer in just one hour – provided you apply within normal business times and allow us to make use of the advanced bank verification system to immediately verify your bank account information online. If you decide to upload copies of your banking statements, we are able to offer the decision in as little as 1 business day.
If you are applying for Larger Business Loans ($100K or more) we might be capable of provide you with a conditional pre-approval within six hours. Once you’ve signed the pre-approval, turnaround times are approximately 2-3 days to receive final approval, however this could be shorter based upon the circumstances for each application. Some transactions have received approval within just 24 hours.
The quickest method would be to ensure you apply during normal business hours, and allow us to use our modern bank verification link to verify your bank account information online. If you decide to send us the copies of bank statements it can take a bit longer.
We offer the loan amount between $5,000 and $500,000. When you submit an application for a certain amount, we take into consideration a range of elements to determine what is the health of the business and the amount of the repayments your company can support. The amount you receive from your loan will depend on the particular circumstances the company.
When you submit an application for a specific amount we will consider a number of elements to assess your well-being of the company and the level of the repayments your company can support. The total amount of your loan will be determined by the specifics the company.
If you decide to request business loans with us business credit, we’ll assess the risk assessment that you have for your business and offer you with a tailored offer including loan amount, term and interest rates. This business loan is an upfront-priced loan and you’ll know in advance the total amount to be paid, including any costs, fees, or interest rates.
Business loan interest rates differ based on various factors like the amount of money of money borrowed, the business assets the money are used to purchase, the industry the business operates in, how long the business has been operating, whether the business has enough cash flow to cover the loan, and general well-being and creditworthiness of the business.
There are no hidden fees for our company loans, and you’ll know precisely what it is that you be required to pay, and when, right from the very first day. There’s no compounding interest, and the loan comes with no additional fees (as long as you make your payments punctually).
We do not charge an Application Fee. You can make an application for loans absolutely no upfront cost and no commitment to apply.
The Origination Fee covers the costs 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% of the amount of loan.
You can repay all of your advance loan at any time.
If you choose to pursue this option, please contact our helpful company credit specialists. They will provide you with repayment details as well as an early payout amount. This is calculated as the sum of the remaining principal amount and any accrued interest at the time of early payout in addition to 1.5% of the principal remaining as well as any outstanding fees.
To ensure that you don’t miss repayments and to fit in your cash flow cycle we offer repayments either daily or weekly. They will be automatically deducted from the nominated business account.
Security of your data, and being clear about how we collect data, process, exchange and ensure the security of your information is of paramount importance and a vital part of our relationship with you.
Yes. We employ industry-recognised encryption standards to protect your sensitive, personal and financial data and our funders are ISO 27001 certified for our commitment to the security of our clients as well as their security. We use an advanced bank verification system to instantly verify your bank account details online. This allows us to provide rapid response.
An asset-based loan is when a company owner uses the assets they have to obtain a loan. The asset can be either an asset belonging to the personal, like the family home or an company asset such as a truck or piece or equipment.
The majority of lending institutions, even the major banks, prefer to secure loans against an asset. If you’re having trouble paying back the loan, the asset could be taken over by the lender. In essence it’s the process of securing additional financing using the worth of the asset you already own.
For loans that exceed $150,000, there is no requirement for asset security before you can access the money but we do require a personal guarantee. So long as you comply with your loan obligations (as stipulated in the loan contract) Asset security will never be needed. For loans that exceed $150,000, generally there is personal ensure and security in the form of a charge over assets.
Although we cannot assist with an unsecured business loan in those industries, we might be able to assist you by providing an secured business loan.
