Services in Puni
- Puni Unsecured Business Loans
- Business Finance Puni
- Business Lending Puni
- Business Loan Puni
- Small Business Finance Puni
- Puni Business Funding
- Puni Working Capital
- Puni Small Business Lending
- Short Term Business Loans Puni
The requirements for getting an unsecured business loan in Auckland of between $5K and $100K are fairly minimal.
Need more funds? Check out the conditions of eligibility for our $100K-$500K company credit.
All that’s needed to get started is your contact details (company name, your name, email address, phone) as well as the amount you’d like to borrow, and your monthly earnings.
Through the process and before settlement we’ll require confirmation of who you are, but not to get started:
After we start with loans that exceed $150,000, you will also need the following financial statements:
Let’s get started.
Auckland unsecured loans provides the range of $5,000 to $100,000. The terms range between 3 and 24 months. They also offer cash flow friendly repayments which can be made daily or weekly.
The application to your Small Business Loan in under 10 minutes on the internet or over the phone, receive a same day response and the funds could be on your account within 24 hours. Traditional company loans are based on an interest rate per annum as well as other fees and charges. We offer a business loan is a loan that is priced upfront therefore you’ll be aware in advance of the total amount to be paid, including any interest, fees or charges. Then, it is divided into weekly or daily payment amount.
A Small Business Loan can be used to fulfill almost any business need, such as cash flow management, business remodeling, marketing to purchase inventory or 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 loan size to support business expansion opportunities. Loans are between $100,000 and $500,000 with a term fixed with a maximum of 36 months. Repayments are scheduled weekly or fortnightly to work with you cashflow.
A Larger Business Loan has an Origination Fee which is determined at 2.5% of the loan amount.
To be eligible for a credit that is this large the company needs to be in operation for at least 3 years, and have an annual income of $700K. Your business must belong to a New Zealand Citizen (or Permanent Resident) at least 18 years old and have a New Zealand company (with a valid NZBN/IRD) and be able to demonstrate at minimum 12 months of continuous trading.
A Business Loan of a larger size is a great option for almost any company reason, such as company renovations, to purchase equipment or inventory, as general working capital and so much more. The loan is not available for personal purposes.
Asset security is needed for accessing funds over $150,000. This can be done by taking a charge over assets, which could also include registration with the PPSR or filing a caveat.
A director’s or personal ensure is a commitment to repay a loan which is generally based rather than defining the security for a particular asset. The person who is signing the ensure is personally liable in the event that the company creditor is unable to pay back the debt.
The Personal Property Securities Register (PPSR) is an online central register operated by the New Zealand Government. It records security interests that have been which are registered with respect to personal property (including the assets or goods). The PPSR grants preference over private property assigned according to the date a security interest has been registered.
The caveat can be described as a formal document that is filed to offer notice of a legal claim to property.
If you’re requesting an enterprise loan of $250K or more, we may offer an initial pre-approval in order to smooth out the process. It is possible to get this done without a credit check and within 6 hours of your initial application. This pre-approval is made based on a preliminary assessment which includes you answering a few financial well-being questions. It’s not an offer of credit or guarantee of funds. Acceptance without condition is subject to a full credit assessment and any offer that you are offered could be based on different terms.
You can apply for a business loan if you;
The application process is quick and easy. Simply complete the online form within a few minutes and a dedicated business expert in lending will contact you to guide you.
To apply for up to $100,000 you’ll need ID details (valid Driver’s Licence) and a valid NZBN/IRD as well as at least six months worth of bank statements.
In addition, for larger loan sizes, you’ll need:
$100K-$250K: Application details including credit consent, 6 – 12 months of bank statements, IRD statement (if credit is over $150K).
$250K-$500K: Details of the application, including credit consent twelve months of bank statements, IRD statements, last 2 years finalised financial statements, plus interim financials from the current financial year, Aged Payables and Aged Receivables summary.
For an unsecured loan ($5K or more) we typically provide an answer in just one hour if you submit your request within quality business timings and you allow us to use the advanced bank verification system link to instantly verify your bank information online. If you choose to upload copies of your banking statements , we are able to offer the decision in as little as the span of one company day.
If you are applying for a Larger Business Loan ($100K or more) we may be capable of offer you with a conditional pre-approval in around 6 hours. After you’ve signed your pre-approval, the turnaround time is approximately 2-3 days to receive final approval, however this may be quicker depending on the specifics of each application. Certain agreements have been approved within the space of 24 hours.
The most effective method for you to apply is make sure you apply during standard company hours. You can also let us use the modern bank verification to instantly verify your bank information online. If you choose to upload duplicates of your banking statements , it takes a bit longer.
For the Small Business Loan ($5K and up) we typically provide a response in one hour – as long as you make your application at normal business hours and you allow us to utilise the advanced bank verification system to instantly verify your bank details online. If you want to send us copies of your bank statements, we are able to offer a decision in as little as an business day.
If you are applying for Larger Business Loans ($100K up to $500,000) we might be able to offer you with pre-approval conditional to your application in around 6 hours. Once you have signed the pre-approval document, you will need to wait between 2 and 3 days for the final approval, however this may be quicker depending on the particular circumstances of each application. Certain agreements have been approved in less than 24 hours.
The fastest method would be to make sure you apply during normal business hours, and let us use the advance bank verification link to verify your bank account information online. If you decide to send us the copies of bank statement, it may take a bit longer.
We provide loans that range from $5,000 to $500,000. When you make an application for a certain amount we look at a variety of elements for determining what is the health of the company and the amount of the repayments your business is able to afford. The total amount of your loan will be contingent on the specific circumstances the company.
If you apply for a set amount, we take into consideration a variety of aspects to determine your health of your business as well as the amount of repayments your business can support. The amount you receive from your loan will depend on the specifics that are unique to your company.
If you decide to request our company loans, we will assess the risk assessment for your business and offer you with a tailored proposal that includes the amount of loan, the term and the interest rates. It is a company loan is an upfront cost loan therefore you will know in advance the total amount payable including any interest rates, fees or charges.
Interest rates for company loans rates vary due to factors like the amount of money borrowed, what company assets the money will be used for in addition to the industry that the company is in, how long the business is in operation and what percentage of the business has sufficient cash flow to fund the loan, and the overall well-being as well as creditworthiness company.
There aren’t any hidden costs for our business loans, and you’ll know precisely what you’ll be required to pay and when, right from day one. There’s not any compounding interest and there are no additional charges (as as you make your payments in time).
We don’t charge an Application Fee. You are able to apply for a loan without any upfront costs or any obligation to sign up.
The Origination Fee covers the expenses involved in establishing and managing the loan. The only way to pay this fee if you proceed with the loan. The Origination Fee for us is 2.5 percent of the amount of loan.
You may choose to pay back the entire amount of your loan at any point in time.
If you are deciding to do this please talk to one of our helpful company lending specialists. They’ll offer you with details for repayment and an early payout figure. This will be calculated as the total of the principal balance plus any accrued interest as of the time of the early payout, plus 1.5 percent of the remaining principal and any fees that remain unpaid.
In order to help you avoid missing due dates and also to be in line your cash flow schedule, we provide repayments either daily or weekly. They are automatically deducted from your nominated business account.
Making sure that your information is secure, and being upfront about how we collect, use, exchange and secure your information, is of huge importance and is a crucial element of our relationship with you.
Yes. We utilise industry-recognised encryption protocols to safeguard your sensitive, personal and financial data and our funders are ISO 27001 certified for our dedication to security for our clients and privacy. We make use of an advanced bank verification system to immediately confirm your bank account information online, allowing us to offer an immediate response.
Asset-based borrowing occurs when an company owner uses assets they own to make the loan. The asset may be an asset belonging to the personal, like the family home, or an business asset such as a truck or piece of equipment.
The vast majority of banks, including the major banks, prefer to make loans secured by an asset. If you have trouble paying back the loan, the asset might be taken over by the lender. In essence it is an opportunity to secure new funding making use of the value of what you already own.
For loans of up to $150K, the requirement for asset security is not required prior to the loan’s access however, we do need a personal guarantee. As long as you follow the terms of your loan (as stipulated in your loan contract document), asset security will never be required. For loans over $150K typically, you will need a personal guarantee and security is provided in the form of an asset charge.
