Services in Puni
- Unsecured Business Loan Puni
- Puni Business Finance
- Puni Business Lending
- Business Loan Puni
- Puni Small Business Finance
- Puni Business Funding
- Working Capital Puni
- Puni Small Business Lending
- Puni Short Term Business Loans
The eligibility requirements for an unsecured business loan in Auckland of between $5K and $100K are pretty minimal.
Need more funds? Take a look at the eligibility requirements for our $100K to $500K company loan.
All you need to start is your contact details (company name, your name, email address or phone number), how much you’d like to borrow, and your monthly income.
While in the process and before settlement we’ll need confirmation of your identity but not to get started:
After we start when it comes to loans greater than $150,000 you’ll also need basic financial statements.
Let’s get started.
Auckland unsecured loans offers amounts between $5,000 and $100,000, with terms ranging from 3 and 24 month and cash flow-friendly repayments that are either per day or weekly.
Apply to the Small Business Loan in under 10 minutes on the internet or over the phone. You’ll get an instant response and funds may be in your account in 24 hours. Traditional company loans have an interest rate per annum along with other charges and fees. Our company loan is an upfront priced loan so you will know ahead of time the total amount due, which includes any fees, charges or charges. Then, it is broken down into a daily or weekly repayment figure.
It is a Small Business Loan can be used for almost any business purpose including the management of cash flow, business remodeling, marketing to purchase inventory, new equipment, or as general working capital, and much more. The loan cannot be used for personal use.
The Larger Business Loan is a larger size of loan that can be used to fund business expansion opportunities. Loans range between $100,000 and $500,000 with a fixed-term that can last up to 36 months. Repayments are weekly or fortnightly depending on you cashflow.
It is crucial to note that the Larger Business Loan has an Origination Fee, which is determined at 2.5% of the loan amount.
To qualify for a loan in this amount, your company needs to have been operating for at least three years and have an annual turnover of $700K. You must be a New Zealand Citizen (or Permanent Resident) over 18 years and have a New Zealand business (with a valid NZBN/IRD) and be able of proving at the least 12 months of operating.
A larger company loan can be used for almost all company reason, such as company renovations, to purchase new equipment or inventory for general working capital and so much more. The loan cannot be used to fund personal expenses.
Asset security is needed for funding of more than $150,000. This is as a result of an charge over assets and can include the registration of this on the PPSR or filing as a caveat.
A personal or director’s guarantee is a guarantee to repay a loan which is generally based rather than specifying the security for a particular asset. The person who signs the guarantee is personally responsible if the business creditor is unable to repay the debt.
The Personal Property Securities Register (PPSR) is a central, national online register that is operated by the New Zealand Government. It records security interests that have been granted to individuals who own personal property (including the assets or goods). The PPSR allows preference over private property granted in accordance with the date on which a security interest has been registered.
Caveats are legal document lodged to offer the public notice of a legal claim against a property.
When you’re applying for the Larger Business Loan of $250K or more it’s possible to offer an initial pre-approval in order to ease the process. We might be able to do this without credit checks and within 6 hours of your initial application. This pre-approval is made based on an initial assessment, which involves you answering some financial health checks. It is not an offer or guarantee of funds. Acceptance without condition is subject to an exhaustive credit evaluation, and any offer you are offered could be subject to different terms.
You are eligible to apply for an company loan if you
The application process is fast and simple. Just fill out the online application within a few minutes and an experienced company expert in lending will call you to help you.
For a loan of up to $100,000 you’ll need proof of identity (valid Driver’s Licence), a valid NZBN/IRD as well as at least 6 months’ worth of bank statements.
If you’re looking for loans with larger sizes, you’ll need:
$100K – $250K: Application details including credit consent, 6 – 12 months of IRD statements, bank statements (if the loan is greater than $150K).
$250K to $500K: Details for application including credit consent, 12 months of bank statements, IRD statement and the last two years’ finalised financial statements, and interim current financial year financials including Aged Payables, Aged Receivables reports.
For an unsecured loan ($5K and up) we can often provide an answer within an hour if you submit your request during quality company timings and you allow us to use the advanced bank verification system to instantly verify your bank information online. If you choose to upload copies of your bank statement, we’ll provide the decision in as little as the span of one company day.
For the Larger Business Loan ($100K to $500K) we may be able to offer you with a conditional pre-approval in around 6 hours. Once you’ve 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 on the specifics of each application. Certain transactions have received approval within less than 24 hours.
The quickest way to apply is to ensure you apply during standard business hours and let us use the advance bank verification to instantly check your bank’s information online. If you choose to upload copies of your bank statements , it can take a bit longer.
For the Small Business Loan ($5K up to $100,000) we typically provide a response in one hour if you make your application within standard business times and allow us to use the advanced bank verification system link to immediately verify your bank account information online. If you choose to upload copies of your bank statements, we’ll be able to provide a decision in as little as 1 business day.
If you are applying for Larger Business Loans ($100K to $500K) we might be in a position to offer you with pre-approval conditional to your application in about 6 hours. Once you have signed the pre-approval, turnaround times are about 2-3 days for final approval. However, this may be quicker depending on the circumstances of each application. Certain deals have been approved within just 24 hours.
The most efficient method can be make sure you apply during standard business hours. Also, allow us to use the modern bank verification link to confirm your bank details online. If you choose to send us documents from your account accounts, it may take a bit longer.
We offer loan amounts between $5,000 and $500,000. When you make an application for a certain amount, we will consider a number of elements for determining your well-being that is your company as well as the amount of repayments that your business can afford. The total amount of your loan will depend on the specific circumstances that are unique to your business.
When you apply for a set amount, we take into consideration a variety of aspects to assess how much we can lend you such as health for your company and the amount of payments your business will be able to support. The amount you receive from the loan will be determined by the specifics for your business.
When you make an application for the company loan, we will assess the risk profile the company and offer you with a customised offer including the amount of the loan, the duration and interest rates. It is a business loan is a loan that is priced upfront which means you be aware of the total amount you will have to pay, including charges, interest rates or fees.
Business loan interest rates differ based on various factors including the amount borrowed, what business assets the money will be used for in addition to the industry that the company is in, how long the business has been running and whether the business has sufficient cash flow to pay for the loan, as well as the overall well-being as well as creditworthiness business.
There are no hidden costs for our company loans, and you’ll know exactly how much you’ll be required to pay, and when, right from the first day. There’s no compounding interest and there are no additional charges (as long as you are able to make your payments punctually).
We don’t charge an application fee. You can get a cash loan with absolutely no upfront cost and no the obligation to take action.
The Origination Fee is the cost associated in establishing and managing the loan. You are only charged this fee if you choose to proceed with the loan. Our Origination Fee is 2.5% of the amount of the loan.
You can choose to repay all of your loan early at any time.
If you do decide to do this please call our helpful business credit professionals. The professionals will offer you with details for repayment and an early payment figure. This will be calculated as the sum of the principal balance and any accrued interest at the time of early payment, plus 1.5 percent of the principal balance plus any outstanding fees.
In order to help you avoid missing due dates and also to be in line your cash flow cycle we offer repayments either weekly or daily. They will be automatically deducted from the nominated business account.
Protecting your information, and knowing how we collect information, use it, and exchange it, as well as protect your information, is of paramount importance and is an essential part of our relationship you.
Yes. We utilise industry-recognised encryption techniques to protect your sensitive, personal as well as financial data. Our funders are ISO 27001 certified for our commitment to protecting the security of clients and security. We use an advanced bank verification system to immediately confirm your bank account information online. This allows us to offer a fast response.
Asset-based borrowing occurs when a business owner uses assets they own to get a loan. The asset can be either a personal asset like the family home, or a business property like a truck or piece or equipment.
The vast majority of lending institutions, even the big banks, tend to guarantee loans against an asset. If you’re having trouble paying back the loan, then the asset might be transferred to the lender. In essence, it is a way of securing new funding taking advantage of the value of what you already own.
For loans up to $150,000 there is no requirement for asset security in advance to gain access to the funds, however we require a personal guarantee. require a personal guarantee. So long as you comply with the terms of your loan (as detailed in the loan contract) Asset security is not required. If you take out loans in excess of $150K generally there is a personal ensure and security in the form the charge of assets.
