Services in Puni
- Puni Unsecured Business Loans
- Business Finance Puni
- Business Lending Puni
- Puni Business Loans
- Puni Small Business Finance
- Puni Business Funding
- Puni Working Capital
- Small Business Lending Puni
- Short Term Business Loans Puni
The eligibility requirements for an unsecured business loan in Auckland of between $5K and $100K are fairly minimal.
Looking for more funding? Check out the eligibility requirements for our $100K-$500K company loan.
All that is needed to get started is your contact information (the name of your company, your name, email address and phone) and the amount you’d like to borrow and your monthly revenue.
In the course of the process and before settlement we will need confirmation of your identity, but not for starting:
Additionally after we get started, for loans greater than $150,000 you will also require fundamental financial statements:
Let’s get started.
Auckland unsecured loans provides amounts between $5,000 and $100,000. The terms range between 3 and 24 months and cash flow friendly repayments which can be made daily or weekly.
You can apply to get this Small Business Loan in under 10 minutes via the internet or over the phone, receive an instant response and the money could be on your account within 24 hours. Traditional company loans refer to an annual interest rate plus other fees and charges. This company loan is a loan that is priced upfront and you’ll know in advance the total amount payable including any fees, interest or charges. This is then broken down into a daily or weekly repayment figure.
The Small Business Loan can be used to fulfill almost every company reason, such as control of cash flow business remodels and marketing to purchase inventory or new equipment, to fund general working capital and much more. The loan is not available for personal purposes.
The Larger Business Loan is a larger size of loan that can be used to fund company expansion opportunities. The loan ranges from $100,000 to $500,000 with a term fixed for up to 36 months. Repayments are scheduled weekly or fortnightly to work with your cash flow.
This Larger Business Loan has an Origination Fee, calculated at 2.5 percent of the loan amount.
To qualify for a loan of this size the company needs to have been operating for a minimum of 3 years with an annual turnover of $700K. It is necessary to be a New Zealand Citizen (or Permanent Resident) who is over the age of 18 and have a New Zealand business (with a valid NZBN/IRD) and be able to prove at minimum 12 months of continuous trading.
A Business Loan of a larger size can be used for almost any company reason, such as business improvements, purchasing equipment or inventory or as general working capital and much more. The loan cannot be used for personal use.
Asset security is required for funding of more than $150,000. This can be done as a result of an charge over assets, and may include registering this in the PPSR or making a caveat.
A director’s or personal ensure is a commitment to pay off a credit line that is general in nature rather than defining the security of a specific asset. The person who is signing the ensure is personally liable if the company creditor is unable to re-pay the debt.
The Personal Property Securities Register (PPSR) is a central, national online register run by the New Zealand Government. It reflects security interests which are registered with respect to personal property (including objects or assets). The PPSR permits priority over personal property to be granted according to the date the security interest has been registered.
The caveat can be described as a formal form of document to provide the legal claim against a property.
If you’re requesting larger business loans that is greater than $250K we can offer an initial pre-approval to smooth out the process. We might be able to apply for this without a credit verification and within six hours of your initial application. The pre-approval process is based on an initial assessment, which involves answering a couple of financial well-being questions. It is not an offer of credit or guarantee of credit. A conditional approval is subject an assessment of your creditworthiness and any offer that you might receive could be based on different conditions.
You may apply for an business loan if you:
The process for applying is fast and simple. Complete the online form within a couple minutes, and an experienced business lending specialist will call you to guide you through the process.
For a loan of up to $100,000, you’ll require ID details (valid Driver’s License) and a valid NZBN/IRD and at least six months worth of bank statements.
In addition, for larger loan sizes, you’ll also require:
$100K – $250K: Details of application, including credit consent, 6-12 months of bank statements, IRD statement (if the loan is greater than $150K).
$250K – $500K: Application details including credit consent as well as 12 months of bank statements, IRD statements as well as the two most recent years’ financial statements, plus interim financials for the current financial year, Aged Payables and Aged Receivables summary.
For an unsecured loan ($5K to $100K) we typically offer an answer within one hour, provided you submit your request within quality business times and permit us to make use of the advanced bank verification system to instantly verify your bank’s information online. If you decide to upload copies of your bank statements , we are able to provide the decision within 1 business day.
If you are applying for a Larger Business Loan ($100K and up) we might be able to provide you with a conditional pre-approval in around 6 hours. Once you have signed the pre-approval document, you will require to wait between 2 and 3 days for the final approval. However, this can be quicker based upon the circumstances for each application. Certain offers have been approved within just 24 hours.
The most effective method for you to apply is ensure you apply during standard company hours, and let us use the advance bank verification link to instantly check your bank’s information online. If you send us duplicates of your banking statement, it may take a bit longer.
For the Small Business Loan ($5K to $100K) we typically offer an answer within one hour – provided you apply during normal business hours and let us use the advanced bank verification system link to instantly verify your bank’s information online. If you want to upload copies of your banking statements, we are able to provide an answer within 1 business day.
For the Larger Business Loans ($100K to $500K) we might be capable of offer you with pre-approval conditional to your application within about six hours. Once you have signed the pre-approval, the turnaround time is between 2 and 3 days for the final approval, however this could be shorter based on the particular circumstances of each application. Some deals have been approved in the space of 24 hours.
The quickest method for you to apply is make sure you apply during normal business hours and permit us to use the advance bank verification to check your bank’s information online. If you choose to send us duplicates of your banking statements it can take a bit longer.
We provide the loan amount between $5,000 and $500,000. When you submit an application for a certain amount we consider a variety of elements to determine how much we can lend you health for your company and the extent of payments your business is able to afford. The amount you receive from the loan will be determined by the specifics that are unique to your company.
When you make an application for a specific amount we consider a variety of factors to assess your health for your company as well as the amount of repayments that your company can afford. The amount you receive from your loan will be contingent on the particulars of your company.
When you apply for our business financing, we will assess the risk assessment the company and offer an individualised offer, including the amount of loan, the term and interest rates. It is a company loan is an upfront-priced loan so you will know in advance the total amount payable including any costs, fees, or interest rates.
Business loan interest rates differ based on various factors including the amount borrowed, what business assets the money will be used for, the industry the company is in, how long the business has been operating, in the event that the business has sufficient cash flow to cover the loan, and overall health as well as creditworthiness business.
There aren’t any hidden charges with our business loans. You’ll know exactly how much you need to pay and at what time, from day one. There’s not any compounding interest and no additional fees (as as long as you pay your payments in time).
We do not charge an Application Fee. You can make an application for loans no cost upfront or obligation to proceed.
The Origination Fee is the cost associated with setting up and managing the loan. You are only charged this cost if you take out the loan. Our Origination Fee 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 pursue this option, please call our helpful business credit experts. They will offer you with the details of your repayment as well as an early payout amount. It will be calculated using the total of the principal balance and the accrued interest up to the time of early payout plus 1.5% of the principal remaining and any outstanding fees.
In order to help you avoid missing payment dates and to align with your cash flow routine, we offer repayments that are either weekly or daily. These are automatically deducted from your business account.
Security of your data, and knowing how we collect data, process, exchange and secure your information, is of paramount importance and an integral element of our relationship with you.
Yes. We use industry recognised encryption standards to protect your personal, sensitive as well as financial data. Our funders are ISO 27001 qualified for our commitment to the security of our customers as well as their privacy. We employ a highly sophisticated bank verification system to instantly verify your bank account information online. This allows us to provide quick responses.
An asset-based loan is when the business owner utilises an asset they own to make the funding. The asset can be either an individual asset, such as the family home or a company property like a truck or other piece of machinery.
The vast majority of lending institutions, not just the largest banks, are inclined to make loans secured by assets. If you are having difficulty paying back the loan, then the asset might be transferred to the lender. In essence, it’s an opportunity to secure new financing making use of the value of what you already have.
For loans of up to $150K, it is not necessary to secure assets in advance to gain access to the funds however, we do require the personal guarantee. So long as you comply with the loan terms (as stipulated in your loan contract) the security of assets is not required. For loans over $150K generally there is an individual guarantee and security in the form of a charge over assets.
