Services in Epuni
- Epuni Unsecured Business Loan
- Epuni Business Finance
- Business Lending Epuni
- Business Loan Epuni
- Epuni Small Business Finance
- Epuni Business Funding
- Epuni Working Capital
- Epuni Small Business Lending
- Epuni Short Term Business Loan
The criteria for eligibility for an unsecured business loan in Lower Hutt of between $5K and $100K are pretty minimal.
Need more funds? Take a look at the guidelines for eligibility for our $100K to $500K company loan.
All that’s needed to start is your contact information (company name, your name, email, phone) along with the amount you’d like to borrow, and your monthly earnings.
While in the process and before settlement we will need confirmation of who you are but not for starting:
In addition, once we have started when it comes to loans of more than $150,000 you’ll need fundamental financial statements:
Let’s get started now.
Lower Hutt unsecured loans offers the range of $5,000 to $100,000. The terms range between 3 and 24 months, cash flow friendly repayments that are either daily or weekly.
The application for your Small Business Loan in under 10 minutes on the internet or over the phone, receive a same day response and have the funds in your account in 24 hours. Traditional business loans refer to an interest rate per annum together with additional fees and charges. Our company loan is a loan that is priced upfront which means you be aware in advance of the amount you will have to pay, including any fees, charges or charges. This is then broken down into a daily or weekly payment amount.
It is a Small Business Loan can be used for almost every business purpose including cash flow management, business improvements, advertising for purchasing inventory or new equipment, as 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. Loans range from $100,000 to $500,000 with a fixed-term up to 36 months. Repayments are either weekly or fortnightly, depending on you cashflow.
This Larger Business Loan has an Origination Fee that is calculated at 2.5% of the loan amount.
In order to be eligible for a loan of this size the business needs to be trading for at least 3 years with an annual turnover of $700,000. Your business must belong to a New Zealand Citizen (or Permanent Resident) with a minimum age of 18 years old, own a New Zealand business (with a valid NZBN/IRD) and be able to demonstrate at the least 12 months of operating.
A Larger Business Loan can be used for nearly all company use, including business remodeling, buying equipment or inventory for general working capital and much more. The loan is not available to fund personal expenses.
Asset security is necessary for funding of more than $150,000. This can be done as a result of an charge over assets, which could also include registering this through the PPSR or the registration of a caveat.
A personal or director’s guarantee is a commitment to pay back a loan that is general in nature, rather than specifying security over an asset. The person signing the guarantee is personally accountable if the business lender is not able to re-pay 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 grants prioritisation over property that is personal to be assigned according to the date a security interest has been registered.
The caveat can be described as a formal document that is filed to provide the public notice of a legal claim on a property.
If you’re requesting larger business loans of more than $250,000, we may offer an initial pre-approval to make the process. We could be able to get this done without a credit verification and within 6 hours of the initial application. The pre-approval is based upon a preliminary assessment which includes the answer to a series of financial health questions. This is not an offer of credit or guarantee of funds. The approval of a conditional loan is subject to an extensive credit evaluation and any offer you receive could have different conditions.
You may be eligible for a business loan if you
The application process is simple and simple. Complete the online form within a couple minutes, and a dedicated company lending specialist will be in touch to guide you through the process.
To be eligible for up to $100,000 you’ll need the right identification documents (valid Driver’s Licence), a valid NZBN/IRD as well as at least six months worth of bank statements.
If you’re looking for loans with larger sizes, you’ll need:
$100K-$250K: Information about the application including credit approval, 6-12 months of IRD statements, bank statements (if the loan is greater than $150K).
$250K-$500K: Information on the application including credit consent and 12 months of bank records, IRD statement as well as the two most recent years’ financial statements, and interim financial statements for the current year, Aged Payables and Aged Receivables reports.
For an unsecured loan ($5K or more) we typically provide a response in one hour – as long as you apply in standard company times and you allow us to utilise the bank verification system to immediately verify your bank account information online. If you decide to submit copies of your bank statements , we will be able to offer an answer within just an company day.
For Larger Business Loans ($100K to $500K) we may be capable of offer you with conditional pre-approval in about six hours. After you’ve signed your pre-approval document, you will require to wait approximately 2-3 days to receive final approval, however this could be shorter based on the particular circumstances of each application. Some deals have been approved within 24 hours.
The quickest way to apply would be to make sure you apply during standard business hours and allow us to use our modern bank verification link to confirm your bank details online. If you decide to upload the copies of bank statements it takes a bit longer.
For the Small Business Loan ($5K to $100K) We can usually provide an answer within an hour – as long as you make your application at normal business hours and allow us to use the advanced bank verification system to immediately verify your bank account information online. If you decide to upload copies of your bank statements, we’ll be able to provide the decision in just 1 business day.
For the Larger Business Loans ($100K up to $500,000) We may be likely to provide you with pre-approval conditional to your application in about six hours. Once you’ve signed the pre-approval form, it will take between 2 and 3 days for the final approval, however this may be quicker depending on the circumstances of each application. Certain offers have been approved within 24 hours.
The fastest method for you to apply is ensure you apply during standard business hours and allow us to use the advance bank verification to verify your bank information online. If you opt to upload duplicates of your banking statement, it can take 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 elements in order to assess how much we can lend you health of the company and the amount of repayments your company is able to afford. The total amount of the loan will be determined by the specifics that are unique to your company.
When you make an application for a certain amount, we take into consideration a variety of elements to determine your health that is your business and the extent of payments your business can support. The amount you receive from your loan will be contingent on the particulars the business.
When you request the business credit, we will assess the risk assessment of your business and provide you with a tailored offer including the amount of loan, the term and interest rates. The business loan is a loan that is priced upfront therefore you will be aware of the total amount due, which includes any costs, fees, or interest rates.
Interest rates for company loans rates differ based on various factors like the amount of money of money borrowed, the company assets the funds are used to purchase as well as the field the business operates in, how long the business has been operating and what percentage of the business has sufficient cash flow to pay for the loan, as well as the overall health or financial standing of the company.
There aren’t any hidden costs with our company loans. You’ll know precisely what you be required to pay and when, starting from the very first day. There’s no compounding interest, and no extra fees (as as you make your payments punctually).
We do not charge an Application Fee. You can get a cash loan without any upfront costs or any obligation to sign up.
The Origination Fee includes the expenses associated with establishing and managing the loan. You are only charged this fee if you decide to take the loan. The Origination Fee for us is 2.5 percent of the amount of the loan.
You can repay the entire amount of your loan at any point in time.
If you decide to take this route, please speak to our friendly company credit professionals. We will provide you with the details of your repayment along with an early payout estimate. It will be calculated using the sum of the principal remaining plus any accrued interest as of the date of early payout plus 1.5% of the remaining principal and any fees that remain unpaid.
To ensure that you don’t miss payments and to work with your cash flow cycle we provide payments that are either daily or weekly. These are automatically deducted from your company account.
Making sure that your information is secure, and knowing the ways we gather information, use it, and exchange it, as well as ensure the security of your information is of paramount importance and is a crucial element of our relationship with you.
Yes. We use industry recognised encryption techniques to protect your personal, sensitive as well as financial data. Our funders are ISO 27001 certified for our commitment to customer security and privacy. We use an advanced bank verification system link to immediately confirm your bank account information online, allowing us to provide a fast response.
Asset-based borrowing is when an company owner borrows from an asset that they own to obtain the funds for a loan. The asset could be an individual asset, such as the family home or it could be a company property like a truck as well as a piece of machine.
The majority of banks, including the big banks, tend to secure loans against assets. If you’re struggling to pay back the loan, your asset may be offered for sale by the lender. In essence, it’s an opportunity to secure new financing by taking advantage of the value of what you already have.
Up to $150,000 in loans no asset security is required in advance to gain access to the funds however, we do need a personal guarantee. In the event that you fulfill the loan terms (as stated in the loan contract), asset security will never be needed. For loans of over $150,000 generally there is an individual ensure and security in the form the charge of assets.
