Services in Epuni
- Epuni Unsecured Business Loan
- Business Finance Epuni
- Business Lending Epuni
- Business Loan Epuni
- Small Business Finance Epuni
- Business Funding Epuni
- Working Capital Epuni
- Small Business Lending Epuni
- Epuni Short Term Business Loans
The requirements for getting an unsecured business loan in Lower Hutt of between $5K and $100K are pretty minimal.
Do you require more money? Find out the conditions of eligibility for our $100K-$500K business loan.
All that’s required for starting is your contact details (the name of your company, your name, email and phone) along with the amount you want to borrow, and your monthly income.
In the course of the process and before settlement we will require confirmation of your identity but not for starting:
Additionally after we get started in the process, for loans of more than $150,000 you’ll also require basic financial statements.
Let’s get started now.
Lower Hutt unsecured loans provides amounts between $5,000 and $100,000, with terms ranging from 3 and 24 months. They also offer cash flow friendly repayments, which are either daily or weekly.
It is imaginable to apply to this Small Business Loan in under 10 minutes on the internet or by phone. You will receive an answer within the same day and have the funds in your account in 24 hours. Traditional business loans refer to an annual rate of interest plus other fees and charges. The company loan is an upfront priced loan and you’ll know in advance the total amount payable including any interest, fees or charges. Then, it is divided into a daily or weekly payment amount.
A Small Business Loan can be used for almost any business purpose including cash flow management, company renovations, marketing, to purchase inventory or new equipment, or as general working capital and so much more. The loan is not available to fund personal expenses.
The Larger Business Loan is a larger loan size to support business expansion opportunities. The loan ranges from $100,000 to $500,000 over a fixed term that can last up to 36 months. Repayments are scheduled weekly or fortnightly to work with your situation.
This Larger Business Loan has an Origination Fee that is determined at 2.5 percentage of the loan amount.
In order to be eligible for a loan in this amount, your company needs to be operating for at least three years and have an annual turnover of $700K. The applicant must also be a New Zealand Citizen (or Permanent Resident) over 18 years as well as own a New Zealand business (with a valid NZBN/IRD) and be able to demonstrate at the least 12 months of operating.
A large business loan can be used for almost any business use, including business renovations, purchase of equipment or inventory, as general working capital and much more. The loan is not available for personal use.
Asset security is necessary to obtain funding above $150,000. This is in the form of a charge against assets, which could also include registering this through the PPSR or making a caveat.
A director’s or personal guarantee is a commitment to repay credit that is general in nature rather than defining security over an asset. The person signing the guarantee is personally accountable if the business borrower is unable to make the repayment.
The Personal Property Securities Register (PPSR) is an online central registry run by the New Zealand Government. It lists security interests that are that are registered for personal property (including objects or assets). The PPSR gives priority over personal property to be assigned according to the date the security interest has been registered.
Caveats are legal document filed to provide the public notice of a legal claim against a property.
If you’re seeking the Larger Business Loan that exceeds $250,000 we can offer an initial pre-approval to simplify the process. We might be able to do this without credit checks and within six hours of your initial application. The pre-approval is based upon an initial evaluation that involves you answering a few financial well-being checks. It is neither an offer nor a guarantee of funds. The approval of a conditional loan is subject to an assessment of your creditworthiness and any offer you are offered could be based on different terms.
You can apply for a company loan if you
The application process is simple and simple. Simply complete the online form in few minutes and a dedicated company lending specialist will contact you to guide you through the process.
To apply for up to $100,000, you’ll need proof of identity (valid Driver’s License) and an active NZBN/IRD, and at least 6 months’ worth of bank statements.
For larger loan sizes, you’ll need:
$100K – $250K: Information about the application including credit consent, 6 – 12 months of IRD statements, bank statements (if loan above $150K).
$250K – $500K: Details for application including credit consent, 12 months of bank records, IRD statement Last 2 years’ finalised financial statements, as well as interim financial statements for the current year, Aged Payables and Aged Receivables Summary.
For an unsecured loan ($5K up to $100,000) we usually provide an answer in just one hour if you make your application within quality business hours and let us utilise the bank verification system to instantly verify your bank details online. If you choose to submit copies of your bank statements , we are able to provide the decision within just the span of one company day.
For Larger Business Loans ($100K to $500K) we might be in a position to provide you with pre-approval conditional to your application within six hours. Once you’ve signed the pre-approval, turnaround times are about 2-3 days for final approval. However, it could be faster based on the circumstances of each application. Certain deals have been approved within 24 hours.
The fastest way for you to apply is ensure you apply during normal company hours and allow us to use the modern bank verification to instantly confirm your bank details online. If you upload documents from your account accounts, it can take a bit longer.
For the Small Business Loan ($5K or more) We can usually offer a response in one hour – provided you apply within normal business time and permit us to use the advanced bank verification system link to instantly verify your bank details online. If you decide to submit copies of your bank statement, we’ll provide the decision in as little as 1 business day.
For the Larger Business Loans ($100K to $500K) we might be in a position to provide the conditional pre-approval within 6 hours. Once you’ve signed the pre-approval, the turnaround time is approximately 2-3 days to receive final approval, however this can be faster depending on the specifics of each application. Certain offers have been approved in the space of 24 hours.
The fastest method is to ensure you apply during standard business hours, and allow us to use our advanced bank verification system to instantly verify your bank account information online. If you choose to upload the copies of bank statement, it will take a little longer.
We provide loan amounts between $5,000 to $500,000. When you submit an application for a certain amount, we will consider a number of factors for determining what is the well-being of your company and the level of repayments your company will be able to support. The total amount of your loan will depend on the specific circumstances that are unique to your company.
When you apply for a specific amount we look at a range of elements to assess your well-being of the business as well as the amount of repayments your business can support. The amount you receive from your loan will be determined by the particular circumstances of your company.
If you decide to make an application for our business financing, we’ll assess the risk assessment the company and offer you with a customised proposal that includes loan amount, term and the interest rates. A company loan is an upfront-priced loan therefore you will know in advance the total amount due, which includes any charges, interest rates or fees.
Interest rates for business loans rates vary due to factors such as the amount that is borrowed, the business assets the money are used to purchase as well as the field the business is in, how long the business has been running and what percentage of the business has sufficient cash flow to support the loan, and also the overall health as well as creditworthiness business.
There aren’t any hidden costs with our company loans. You’ll be aware of the amount it is that you be required to pay and when, from day one. There’s no compounding interest, and no additional fees (as long as you make your payments punctually).
We do not charge an Application Fee. You can get a cash loan absolutely no upfront cost and no any obligation to sign up.
The Origination Fee covers the costs associated with the setting up and management of the loan. It is only charged for this cost if you take out the loan. Our Origination Fee is 2.5 percent of the amount of the loan.
You can choose to repay the entire amount of the loan early at any time.
If you do decide to take this route, please call our helpful company credit specialists. The professionals will offer you with the details of your repayment and an early payout figure. This is calculated as the total of the principal remaining and any accrued interest at the date of early payout, plus 1.5 percent of the remaining principal as well as any outstanding fees.
To ensure that you don’t miss repayments and to fit in with your cash flow general, we offer repayments either daily or weekly. They are automatically deducted from your designated company account.
Protecting your information, and being clear about the ways we gather data, process, exchange and protect your information, is of paramount importance and is an essential aspect of our relationship with you.
Yes. We make use of industry-standard encryption protocols to safeguard your sensitive, personal financial information and our funders are ISO 27001 certified for our dedication to customer security and security. We make use of an advanced bank verification system link to instantly verify the bank account details online so we can offer rapid response.
Asset-based borrowing occurs when an company owner utilises an asset that they own to make a loan. The asset can be either an asset belonging to the personal, like the family home, or an business property like a truck or piece of equipment.
The majority of lending institutions, even the big banks, tend to make loans secured by assets. If you’re struggling to pay back the loan, the asset might be sold by the lender. In essence, it’s means of securing new financing by making use of the value of what you already have.
For loans of up to $150K, it is not necessary to secure assets upfront to access the money However, we require a personal guarantee. require the personal guarantee. So long as you comply with the terms of your loan (as specified in the loan contract) and you are able to meet your obligations, asset security is not required. For loans over $150K generally, there is a personal guarantee and security that is in the form an asset charge.
