An Epuni unsecured business loan is quick and easy to get. Approve your loan in a matter of minutes and begin using the money in your business.
What to expect:
The eligibility requirements for an unsecured business loan in Epuni are fairly minimal.
Call Now 0800 102 591Applying for an business loans within Epuni with us is easy and takes only about a couple of minutes, there are no piles of paperwork or long waits.
Approved and receive money within 1 – 2 company days.
Our purpose is to assist Epuni businesses of all kinds, from small to medium-sized solopreneurs access quick funding so that they can use the loan to grow and build.
The requirements for getting an unsecured business loan in Epuni of between $5K and $100K is fairly low.
Need more funds? Find out the conditions of eligibility for our $100K to $500K company loan.
The requirements for eligibility to be eligible for larger Epuni company loans of between $100K and $500K include:
Do you require a smaller amount of funds? Check out the eligibility requirements for our $5K to $100K Epuni unsecured business loans.
An Epuni unsecured loan is ideal to use for every company purpose. Talk to us today.
Want to get started on one of these projects as soon as tomorrow? So, contact us now or apply online to get the fastest and most efficient process.
All you need to get started is your contact information (the name of your company, your name, email, phone) and the amount you’d like to borrow, and your monthly revenue.
While in the process and before settlement we will require confirmation of who you are but not before we can begin:
After we start when it comes to loans greater than $150,000 you’ll need the following financial statements:
Let’s get started.
With traditional and bank lenders tightening credit conditions as well as the continuous stream of non-bank and alternative loan providers that are entering the market provides a great resource for you to access.
Epuni SME’s are now in a position to obtain finance via alternative lenders that service Epuni who are focused on facilitating company growth or smoothing cash flow challenges. In the past the personal sources of credit (drawing equity from the home loan or credit cards and personal loans as well as overdrafts) was the sole alternative funding solutions within Epuni that were available.
There is now no requirement for you to rely on real estate to secure company loan. With an unsecured loan, business financing is now easy. Instead of a term loan through the bank, business finance for an SME with interest rates and loan terms that aid to manage cash flow are available as business loan options.
There are numerous benefits with the separation of personal and business debt.
Lower your risks, and make tax times simpler, start with an unsecure busines loan. Apply today.
The main benefit of keeping your private and company assets separate is that your house isn’t required to be tied to the funds. In the case of a business loan in Epuni up to $100K asset security won’t be required so in the event that the borrower has met the loan requirements.
Businesses are in a more stable long-term position when they can show good credit and debt capacity to pay.
A separation between personal and company financial accounts makes it more straightforward when it comes to tax time, particularly when determining the tax-deductible allocation. The IRD has outlined the guidelines on the proof required in order to deduct deductions from a business’s tax return. This is an area where the IRD have specifically advised on.
Effective management of cash flows is crucial to the long-term survival in any business. By keeping personal and company finances separate, companies can easily view the situation, track and plan based on their ability to easily examine their cash flow.
Epuni unsecured loans provides amounts of between $5,000 and $100,000. The terms range between 3 and 24 months, cash flow-friendly repayments, which are either daily or weekly.
Apply to this Small Business Loan in under 10 minutes via the internet or over the phone. You’ll get an immediate response, and the money could be on your account within 24 hours. Traditional business loans refer to an annual interest rate together with additional fees and charges. The business loan is a loan that is priced upfront therefore you’ll be aware of the amount you will have to pay, including any fees, interest or charges. Then, it is divided into weekly or daily repayment figure.
It is a Small Business Loan can be used to fulfill almost any business use, including control of cash flow company renovations, marketing to purchase inventory, new equipment, as general working capital and much more. The loan cannot be used for personal use.
The Larger Business Loan is a larger amount of loan to help business expansion opportunities. Loans are between $100,000 and $500,000 with a term fixed up to 36 months. Repayments are weekly or fortnightly to work with your situation.
It is crucial to note that the Larger Business Loan has an Origination Fee which is determined at 2.5 percentage of the amount of the loan.
To qualify for a loan of this size the business needs to be operating for a minimum of 3 years and generate an annual revenue of $700,000. The applicant must also be a New Zealand Citizen (or Permanent Resident) at least 18 years old, own a New Zealand company (with a valid NZBN/IRD) and be able demonstrate at minimum 12 months of continuous trading.
A Business Loan of a larger size can be used for nearly every company need, including company improvements, purchasing equipment or inventory, as general working capital, and much more. The loan cannot be used to fund personal expenses.
Asset security is required to access funding over $150,000. This can be done by way of charge on assets, which could also include registration through the PPSR or the registration of a caveat.
A director’s or personal ensure is a commitment to repay a loan which is generally in nature rather than specifying security over an asset. The person who is signing the ensure 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 granted to individuals who own personal property (including objects or assets). The PPSR allows priority over personal property to be granted according to the date the registration of a security interest.
The caveat can be described as a formal document lodged to provide the public notice of a legal claim to property.
If you’re requesting an enterprise loan that is greater than $250K, we may offer an initial pre-approval in order to simplify the process. We may be able to make this decision without a credit verification and within six hours of your initial application. The pre-approval is based upon a preliminary assessment which includes you answering some financial well-being checks. It is neither an offer nor a guarantee of funds. Acceptance without condition is subject to an exhaustive credit evaluation, and any offer you receive could be based on different conditions.
You can apply for an business loan if you
The application process is fast and simple. Just fill out the online application in few minutes and an experienced business loan specialist will call you to guide you.
To be eligible for up to $100,000, you’ll need proof of identity (valid Driver’s Licence) and an NZBN/IRD that is valid and at least six months worth of bank statements.
If you’re looking for loans with larger sizes, you’ll also require:
$100K – $250K: Application details including credit consent, 6-12 months of IRD statements, bank statements (if you have a loan of more than $150K).
$250K to $500K: Details of the application, including credit consent as well as 12 month bank accounts, the IRD statement Last 2 years’ finalised financial statements, in addition to interim financials for the current financial year including Aged Payables, Aged Receivables summary.
For an unsecured loan ($5K or more) we typically offer an answer within one hour – as long as you apply during standard business times and you allow us to make use of the advanced bank verification system to instantly verify your bank’s information online. If you opt to submit copies of your bank statements , we will be able to provide an answer within just 1 company day.
For Larger Business Loans ($100K to $500K) we might be likely to offer you with conditional pre-approval within about six hours. Once you’ve signed the pre-approval, the turnaround time is around 2-3 days for final approval, however it could be faster based on the specifics of each application. Certain transactions have received approval within just 24 hours.
The most effective method for you to apply is ensure you apply during normal company hours. You can also let us use the modern bank verification link to verify your bank account information online. If you opt to send us the copies of bank statements it can take a bit longer.
For the Small Business Loan ($5K or more) we typically offer an answer within one hour, provided you make your application during normal business times and permit us to use the advanced bank verification system to immediately verify your bank account information online. If you want to upload copies of your banking statements, we will be able to provide the decision within one business day.
For Larger Business Loans ($100K up to $500,000) we could be capable of provide the conditional pre-approval within 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 could be shorter based on the specifics of each application. Certain offers have been approved within the space of 24 hours.
The most effective method can be make sure you apply during normal business hours, and permit us to use the advance bank verification to verify your bank account information online. If you decide to upload copies of your bank accounts, it may take a bit longer.
We offer the loan amount between $5,000 to $500,000. When you make an application for a specific amount we consider a variety of variables to determine your well-being of your business and the amount of payments your business is able to afford. The amount you receive from the loan will be determined by the specific circumstances for your business.
When you apply for a set amount, we consider a variety of variables to assess the health of the business as well as the amount of payments your company can afford. The total amount of your loan will be determined by the particulars for your company.
If you decide to request the company credit, we will assess the risk assessment of your business and provide you with a tailored proposal that includes the loan amount, the terms and interest rates. The company loan is a loan that is priced upfront and you’ll know the exact amount you will have to pay, including interest rates, fees or charges.
Interest rates for company loans rates vary due to variables like the amount to be of money borrowed, the company assets the funds are used to purchase in addition to the industry that the business operates in, the long the company has been in operation as well as in the event that the company has enough cash flow to cover the loan, and the general health as well as creditworthiness company.
There are no hidden fees for our company loans. You’ll know exactly how much it is that you need to pay and at what time, from the very first day. There’s no compounding interest and no extra fees (as as you make your payments on time).
We don’t charge an application fee. You are able to apply for a loan with with no upfront cost or obligation to proceed.
The Origination Fee includes the expenses associated with setting up and managing the loan. It is only charged for this fee if you proceed with the loan. Our Origination Fee is 2.5% of the loan amount.
You can choose to repay the total amount of your loan early at any time.
If you choose to pursue this option, please speak to our friendly company credit professionals. They’ll provide you with details for 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 in addition to 1.5 percent of the principal balance and any outstanding fees.
To help you avoid missing repayments and to fit in your cash flow schedule, we provide repayments either weekly or daily. They will be automatically deducted from the nominated company account.
Protecting your information, and making it clear the ways we gather data, process, exchange and ensure the security of your information is vital and an integral part of our relationship you.
Yes. We use industry recognised encryption protocols to safeguard your sensitive, personal financial information and our funders are ISO 27001 qualified for our dedication to protecting the security of customers and privacy. We employ a highly sophisticated banking verification system to instantly verify your bank account information online so we can provide rapid response.
An asset-based loan is when a business owner makes use of an asset that they own to make a loan. The asset can be an asset belonging to the personal, like the family home, or an business asset such as a vehicle or other piece of machinery.
The majority of lenders, even the largest banks, are inclined to make loans secured by an asset. If you have trouble paying back the loan, your asset may be sold by the lender. In essence it’s a way of securing new funding making use of the value of what you already have.
Up to $150,000 in loans there is no requirement for asset security prior to the loan’s access but we do require a personal guarantee. As long as you follow the terms of your loan (as stated in your loan contract), asset security will never be needed. For loans over $150K generally there is an individual guarantee and security that is in the form a charge over assets.
Although we cannot assist with an unsecure business loan for the above industries, we might be able to help you with secured business loan.
