Unsecured Business Loans Epsom NZ

If You Do This Today, You'll Be Getting Ready For Success By Obtaining an Epsom Business Loan

Unsecured Business Loans Epsom

An Epsom unsecured business loan is easy and quick to apply for. Request a quick approval and use the money for your business.

  • Do you think that additional funds could help your business by allowing you to work capital or to realise an opportunity to grow?
  • What is the financing strategy you are using to fund your business needs?

What you can expect:

  • It’s easy to apply and receive approval and funds as soon as tomorrow
  • No reayments are permitted in the first four weeks
  • Borrow from $5k to $500K
  • Terms from 3 to 36 month
  • Competitive rates of interest prices
  • Minimal documentation required

The eligibility requirements for an unsecured business loan to be made in Epsom are fairly minimal.

Call Now 0800 102 591
Business business loans, interest rates and repayment terms, as well as flexible repayment options that can be tailored to you company needs.
Business Lending Options
A straightforward loan application process with a huge borrowing limit, minimal credit criteria and no requirement to present a business plan. You no longer need to use your personal credit card and business credit cards as a way to finance your business.
Unsecured Loans Made Simple
I can now make espresso for clients using the very best equipment.
Cafe Owner
Business loans, particularly one that is an unsecured business loan or line of credit to business funding require have no tense procedure. Business finance in the form in the form of small business loans at an interest rate and repayment schedule which is compatible with the needs of your business cash flow.
Business Lenders for Business Goals
I'm able to get my tax back in order.
Small Business Owner
I'm now able to hire an expert marketer to take my business to the next stage.
Growing Epsom Business
I'm now able take an extended vacation knowing that my Epsom company will run well.
Local Business Owner
I'm now able to finance the construction of our new Epsom resturant without having to take cash from other ones.
Epsom Resturant Owner
Unsecured Business Loan Service Provider

Fast Approval Process

Making an application for a company loans in Epsom with us is easy and takes only a few minutes, no lengthy forms or lines.

Receive approval and cash within 1 to 2 company days.

Helping Business Owners Looking for an Unsecured Loan

People Choose Us Because We Get Results

We are aiming to assist Epsom businesses of all sorts small, medium even solopreneurs to access money quickly, so that they can make use of the loan to grow and build.

  • It begins with an easy online application or a phone call
  • Flexible repayment terms to suit your company
  • Fast and quick funding within a single day or two days
  • A team of people who want to see you succeed as well as you company to be successful
Simple eligibility checklist

Small Business Loan Eligibility Criteria

The criteria for eligibility for an unsecured business loan in Epsom of between $5K to $100K are quite minimal.

  • At least 6 months in business
  • At least $6,000 in income per month
  • Be a New Zealand based company with a New Zealand Business Number (NZBN)
  • Drivers Licence or Passport for identification proof
  • You should have a New Zealand bank as your main trading account
  • Bank statements from the last 6 months

Are you looking for additional funding? Find out the guidelines for eligibility for our $100K-$500K business loans.

Here's How Other People Have Benefited

Examples of Business Loans

A gym that had been going for nearly 3 years, was planning to expand and was in require of additional equipment. With monthly revenue of $37K they borrowed $72K over a 24- month period. The loan was not secured to secure the loan. It was settled within the span of 24 hours.
Gym
With the busy holiday season fast approaching, a clothes store needed additional working capital to buy more inventory and benefit from the discount offered by suppliers. They took out a loan of $20K over a period of 12 months without collateral for their assets, and they had the funds within 24 hours.
Clothing Store
A plumber who's operated their business for 3 years, with $80K in monthly sales was in search of additional funds. They took out a loan of $153K for 36 months. All that was required was 12 months of bank statements as well as confirmation from the IRD. The process was complete within just a few hours and the plumber had their extra working capital in ther account shortly thereafter.
Plumber
An interior designer saw an opportunity to grow their company and needed working capital to fund this expansion. With a monthly income of $300K, they borrowed $250K over the course of 24 months. The turnaround time was just 2 days and all they needed for them to provide the required documents were twelve months' bank statement IRD confirmation, as well as trust deed.
Interior Designer
The owner of a small grocery store making $70K a month borrowed $76K over a 24 month term , without making any repayments during the initial 4 weeks. This had a requirement of 12 months' bank statements. The turnaround time was only 6 hours from the time of application until receiving the money.
Grocery Store Small Business Loan
Simple eligibility checklist

Larger Epsom Business Loan Eligibility Criteria

The criteria to be eligible in loans from larger Epsom company loans of between $100K and $500K consist of:

  • Minimum of 3 year’s experience in business
  • At least $700K in annual revenue
  • Be a New Zealand based company with an New Zealand Business Number (NZBN)
  • Passport or Driver’s License for identification
  • Have an account at a New Zealand bank as your primary account for trading
  • Bank statements for the last 6 months
  • Certain financial statements, such as Profit & Loss and Aged Accounts Payable and Receivable

Looking for a smaller amount of capital? Find out the conditions for eligibility for our $5K to $100K Epsom unsecured business loans.

Business Lending for a Cash Injection

What do you want to use the business loan in Epsom for?

An Epsom unsecured loan is perfect for nearly any company reason. Talk to us today.

  • Expand or renovate the commercial space
  • Hire more staff during busy periods
  • Boost stock quantities to keep up with demand
  • Develop a new website, or boost your marketing
  • Put money into the latest equipment, tools or the latest technology
  • Purchase additional stock to meet the seasonal demand
  • Manage cash flow fluctuations
  • And many more …

Do you want to begin one of these projects as soon as tomorrow? Get in touch with us or apply online now for the quickjest fasted way.

Quick application checklist

What do you need to apply

All you need to begin is your contact information (company name and your name, as well as email and phone) along with the amount you’d like to borrow as well as your monthly income.

In the course of the process and before settlement we’ll need confirmation of who you are but not to get started:

  • Idenfication details (valid Driver’s Licence)
  • Information about the business, including details on trading hours as well as ownership information and NZBN (New Zealand Business Number)

Additionally after we get started when it comes to loans of more than $150,000 you’ll need the following financial statements:

  • P&L statement
  • Aged payables
  • Aged receivables

Let’s get started now.

 

Here's How Others Have Benefited

Examples of Business Loans

The owner of a small supermarket that was making $70K a month borrowed $76K over a 24 month term with no repayments for the first four weeks. This was contingent on 12 months of bank statements. Turnaround time was just 6 hours from the time of application until receiving the money.
Grocery Store Small Business Loan
With the busy Christmas time approaching, a clothing store required additional working capital to purchase more stock and take advantage of discounts offered by suppliers. They took out a loan of $20K over a period of 12 months without collateral for their assets, and they had the funds within 24 hours.
Clothing Store
A gym that was operating for over three years decided to increase its size and required additional equipment. With a monthly income of $37K, they borrowed $72K over a 24- month period. No security was needed and the loan was settled within 24 hours.
Gym
When they purchased a pizza place and two liquor stores six to 12 months prior, the new owners were looking for more funds. The combined revenue was over $500K per month . The owners were able to borrow $300K, split out as $100K for each store, with two different 24 and 36 month terms. No security over the owner's homes was required.
Owner of a Pizza Store & 2 Liquor Stores
A plumber who's been in business for three years and has the monthly revenue of $80K was looking for additional funding. They borrowed $153K over the course of 36 months. All that was needed were 12 months' worth of statements as well as confirmation from the IRD. The procedure was completed within a day and the plumber got their extra working capital available in their account in a matter of hours.
Plumber

Unsecured Business Loan Epsom NZ 1023

The lending landscape has changed

With traditional and bank lenders tightening their credit terms, the steady stream of non-bank and alternative loan providers entering the market provides the perfect source for you to make use of.

Epsom SME’s are now being able to get finance from alternative lenders that service Epsom who are focused on enabling company expansion or smoothing out the cash flow problems. The past was when the personal sources of credit (drawing equity from the house loan, or by using credit cards, personal loans and the overdraft) provided the most viable alternative financing services within Epsom that were available.

There is now there is no need to rely on real estate to secure business lending. With an unsecured loan, business financing is now easy. Instead of a traditional term loan from the bank, business finance for a small company with interest rates and loan terms that help with cash flow is around as business lending options.

 

 

High level summary

Separate personal and business debt

There are many benefits with the separation of personal and business debt.

  • Your home, or other investments, aren’t tied up in order to access funds
  • This company stands in stronger place to develop its own, clear credit history
  • It is considerably more seamless for tax time
  • Businesses can easily view how they are performing, monitor and plan on their ability to clearly evaluate their cash flow situation

Lower your risks, make the tax process much easier. Get started with an unsecure busines loan. Get it today.

For those who like the detail

Separate personal and business debt

Risk

The main benefit of keeping your private and company assets separate can be that your home isn’t required to be tied to allow access to the funds. If you’re looking for a small business loan in Epsom up to $100K the security of assets won’t be required so in the event that the borrower has met their loan obligations.

Credit history

Businesses are in a more favourable long-term position if they have a good credit or debt serviceability.

Tax

A separation between personal and business finances makes it significantly more straightforward when it comes to tax time - particularly when determining what is the tax-deductible amount. The IRD has outlined the requirements for evidence to be able to claim deductions on an individual’s tax return. This is a subject that the IRD have specifically advised on.

Cash flow

Effective cash flow management is essential to the long-term viability in any company. By keeping the personal financial and company finances distinct, companies can easily view their cash flow, plan and monitor it based on their ability to accurately assess their cash flow position.

Business loans, specifically an unsecured unsecured business loan or line of credit for business funding need not be a tense procedure. Business finance can be in the form in the form of small business loans at a fixed interest rates and repayment period which is compatible with the needs of your business budget.
Business Lenders for Business Goals
I can now fund the renovation of our modern Epsom resturant without having to borrow cash from other ones.
Epsom Resturant Owner
Business loan interest rates and repayment terms, as well as flexible repayment options to suit the needs of your business needs.
Business Lending Options
I'm now able employ a marketing professional to take my business to the next level of business growth.
Growing Business
I'm now able to go on an extended vacation knowing that it is safe knowing that Epsom business will run smoothly.
Local Business Owner
A simple loan application process that comes with a high amount of borrowing capacity, a low requirements for credit, and no need to present a business plan. Do not use your personal credit card or business credit card to fund your company.
Unsecured Loans Made Simple
I am now able to make beverages for customers with the best equipment.
Cafe Owner
I'm able to get my taxes back to keep me on track.
Small Business Owner
FAQ: business lending & business loans for business owners

Business Loans Frequently Ask Questions

Details of The Epsom Small Business Loans

Let me know how you are able to avail the Epsom Small Business Loans

Epsom unsecured loans offers the range of $5,000 to $100,000. The terms range between 3 and 24 months and cash flow friendly repayments that are either daily or weekly.

What makes the Unsecured Loan different from an ordinary company loan?

The application for the Small Business Loan in under 10 minutes on the internet or over the phone, receive a same day response and the money could be in your account in 24 hours. Traditional company loans are based on an annual rate of interest plus other fees and charges. This company loan is a pre-paid loan therefore you’ll know in advance the total amount to be paid, including any interest, fees or charges. This is then broken down into either a daily or weekly payment amount.

What can you use the Small Business Loan be used for?

It is a Small Business Loan can be used to fulfill almost every business need, such as cash flow management, company remodeling, marketing to purchase inventory or new equipment, to fund general working capital and much more. The loan cannot be used for personal purposes.

About larger Epsom Business Loans

What is the Larger Epsom Business Loan?

The Larger Business Loan is a larger amount of loan to help company growth opportunities. Loans are between $100,000 and $500,000 with a fixed-term for up to 36 months. Repayments are either weekly or fortnightly depending on your situation.

How’s the Origination Fee determined?

It is crucial to note that the Larger Business Loan has an Origination Fee that is determined at 2.5% of the amount of the loan.

Am I eligible for the Larger Business Loan?

To be eligible for a loan that is this large the business needs to be in operation for at least 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 or have a New Zealand company (with a valid NZBN/IRD) and be able of proving at least 12 months of trading.

What can the funding be used for?

A large business loan can be used for nearly all business purpose including company improvements, purchasing new equipment or inventory as well as for general working capital and so much more. The loan is not available for personal purposes.

Is the Larger Business Loan one that requires security?

Asset security is necessary to access funding over $150,000. This is in the form of a charge over assets, which could also include the registration of this on the PPSR or registering a caveat.

A director’s or personal guarantee is a promise to repay credit that is general in nature rather than stating security over an asset. The person who signs the ensure is personally responsible if the business creditor is unable to repay the debt.

The Personal Property Securities Register (PPSR) is a central, national online registry run by the New Zealand Government. It contains security interests granted to individuals who own personal property (including items or assets). The PPSR allows priority over personal property to be granted according to the date the security interest was registered.

The caveat can be described as a formal document that is filed to provide the legal claim to a property.

What is a pre-approval without Credit Check?

If you’re applying for a Larger Business Loan of more than $250,000 we can offer an initial pre-approval that will help ease the process. We might be able to make this decision without a credit check, and within 6 hours of the initial application. The pre-approval process is based on an initial assessment that includes the answer to a series of financial well-being questions. It’s not an offer of credit or guarantee of financing. A conditional approval is subject an extensive credit evaluation and any offer you may receive may be subject to different terms.

Application process

Can I be eligible for funding?

You can apply for an company loan if you

  • are a New Zealand Citizen (or Permanent Resident)
  • are over the age of 18 and have a New Zealand company (with a valid NZBN/IRD)
  • you must demonstrate at minimum 6 months’ worth of transactions (for a unsecured loan $5K – $100K) or three years of trading (for the Larger Business Loan $100K up to $500K)

How do I apply?

The application process is fast and simple. Just fill out the online application within a few minutes and an experienced company credit specialist will call you to help you.

To apply for up to $100,000 you’ll require the right identification documents (valid Driver’s License) as well as a valid NZBN/IRD as well as at least six months of bank statements.

In addition, for larger loan sizes, you’ll need:

$100K-$250K: Details of application, including credit consent, 6-12 months of IRD statements, bank statements (if credit is over $150K).
$250K-$500K: Details for application including credit consent, 12 months of bank statements, IRD statements, last 2 years finalised financial statements, as well as interim financial statements for the current year as well as Aged Payables and Receivables Summary.

What speed will I be able to get an answer?

For an unsecured loan ($5K or more) we can often offer an answer within one hour if you submit your request within quality company timings and permit us to use the advanced bank verification system link to instantly verify your bank details online. If you opt to upload copies of your banking statements , we are able to provide an answer in just the span of one business day.

For Larger Business Loans ($100K to $500K) we might be capable of provide you with a conditional pre-approval in around six hours. Once you have signed the pre-approval document, you will need to wait around 2-3 days for final approval. However, this could be shorter based upon the circumstances for each application. Some offers have been approved within less than 24 hours.

The fastest way is to ensure you apply during standard business hours and allow us to use the advance bank verification link to verify your bank account information online. If you decide to upload duplicates of your banking statement, it takes a bit longer.

How fast will I get the money?

For the Small Business Loan ($5K to $100K) we typically offer an answer within an hour, provided you make your application within normal business hours and let us use the bank verification system to immediately verify your bank account information online. If you decide to upload copies of your banking statement, we’ll provide the decision in as little as an business day.

If you are applying for Larger Business Loans ($100K or more) We may be likely to offer you with conditional pre-approval in around 6 hours. After you’ve signed the pre-approval document, you will require to wait about 2-3 days for final approval, however this can be faster depending on the specifics of each application. Certain offers have been approved within just 24 hours.

The most effective method would be to make sure you apply during normal business hours and let us use the advanced bank verification system link to instantly confirm your bank details online. If you opt to send us duplicates of your banking statement, it will take a little longer.

What is the maximum amount I can borrow?

We offer loan amounts between $5,000 and $500,000. If you apply for a certain amount, we take into consideration a range of variables in order to assess your health for your company and the level of payments your business is able to afford. The amount you receive from your loan will be contingent on the specific circumstances of your company.

When you make an application for a set amount, we will consider a number of factors to determine the health of your business and the extent of the repayments your company is able to afford. The amount you receive from your loan will be contingent on the particular circumstances the company.

Fees & repayments

What is the cost for a company loan?

When you make an application for one of our company financing, we will assess the risk profile of your company and offer you with a tailored offer, including the loan amount, the terms and the interest rates. A company loan is an upfront-priced loan and you’ll know the exact amount due, which includes any interest rates, fees or charges.

What determines the amount I am charged?

The interest rates on company loans rates vary due to factors such as the amount that is borrowed, the company assets the funds are used to purchase in addition to the industry that the company is operating in, how long the company has been in operation and in the event that the business has enough cash flow to fund the loan, and overall health as well as creditworthiness business.

What are the costs?

There aren’t any hidden charges with our business loans. You’ll know precisely how much you be required to pay and when, from the day you sign up. There’s no compounding interest, and no additional fees (as long as you make your payments punctually).

We don’t charge an Application Fee. You are able to get a cash loan with no upfront cost or commitment to apply.

The Origination Fee covers the costs associated in establishing and managing the loan. This is only a fee if you proceed with the loan. The Origination Fee for us is 2.5 percent of the loan amount.

Can I pay off the loan earlier?

You can decide to repay the entire amount of the loan in full at any time.

If you do decide to do this please call our helpful business credit experts. They will provide you with the details of your repayment and an early payout figure. The figure will be calculated as the sum of the principal balance and the accrued interest up to the time of early payout plus 1.5 percent of the principal amount remaining and any outstanding fees.

What is the process for repayments?

In order to help you avoid missing payments and to work with your cash flow cycle we offer repayments either weekly or daily. They are automatically deducted from your designated business account.

Security & privacy

Will my data be secure?

Protecting your information, and being clear about how we collect data, process, exchange and safeguard your data, is vital and is an essential part of our relationship you.

Is it safe to link my bank account to the platform?

Yes. We make use of industry-standard encryption standards to secure your sensitive, personal financial information and our funders are ISO 27001 certified for our dedication to customer security and privacy. We employ an exceptionally sophisticated bank verification system to instantly verify your bank account information online, allowing us to provide an immediate response.

About business loans

How do you define asset-based lending (a secured loan)?

The term "asset-based" refers to borrowing where the company owner utilises assets they own to make the funding. The asset can be an asset belonging to the personal, like the family home, or a business asset such as a vehicle or piece or equipment.

The vast majority of the lenders including the largest banks, are inclined to guarantee loans against an asset. If you’re struggling to pay back the loan then your assets could be transferred to the lender. In essence it’s means of securing new financing by taking advantage of the value of what you already have.

Should I need security for an business loan?

For loans up to $150K no asset security is required before you are able to access the money, however we do need the personal guarantee. If you adhere to your loan commitments (as specified in your loan contract document) Asset security is not needed. For loans over $150,000 generally there is personal ensure and security in the form of an asset charge.

Industries we currently aren't able to help with

  • Anything adult industry related
  • Auction houses or auction websites
  • Debt collection companies & debt purchasers
  • Direct marketers such as telemarketing, fundraising, mail order, direct-mail etc.
  • Financial institutions and lenders
  • {Firearm businesses
  • Foreign currency exchange offerings
  • Customs clearing houses and freight forwarding
  • Gambling related industries
  • Not-for-profit organisations, charities and churches etc
  • Panel beaters & smash repairers
  • Pawnbrokers & pawn shops
  • Property development
  • Investment business, shares and stockbrokers
  • Tattoo palours
  • Taxi or ride sharing services
  • Ticket resellers and entertainment sales
  • Tow truck services
  • Used car dealers
  • Car glass tintingservices
  • Automotive wrecking yards

We can’t assist with an unsecured business loan in the above industries, we might be able assist by providing an secured business loan.

NZ Business Loan Brokers Services

Unsecured Business Loans

Unsecured Business Loans

Eligibility Requirements

Eligibility Requirements

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0800 102 591