An Epuni unsecured business loan is easy and quick to get. Get a quick apporval and start using the funds in your business.
You can expect:
The criteria for eligibility for an unsecured business loan within Epuni are fairly minimal.
Call Now 0800 102 591Requesting business loans in Epuni business credit in Epuni with us is easy and takes just less than a minute, with no lengthy forms or lines.
Be approved and receive your funds in one to two company days.
We want to assist Epuni businesses of all kinds, including medium, small and even solopreneurs access quick funding so that they can use the loan to grow and build.
The criteria for eligibility for an unsecured business loan in Epuni of between $5K and $100K are pretty minimal.
Looking for more funding? Check out the conditions of eligibility for our $100K-$500K company credit.
The criteria for eligibility to be eligible for the larger Epuni company loans of between $100K and $500K include:
You are looking for a lesser amount of funds? Look over the conditions for eligibility for our $5K to $100K Epuni unsecured business loans.
An Epuni unsecured loan is ideal for virtually any business use. Contact us now.
Do you want to start working on one of these options as early as tomorrow? So, contact us or apply online now for the quickjest fasted way.
All that’s required to start is your contact details (company name, your name, email address and phone) as well as the amount you’d like to lend, and your monthly revenue.
While in the process and before settlement we’ll need confirmation of who you are but not before we can begin:
In addition, once we have started when it comes to loans over $150,000 you will also need basic financial statements:
Let’s get started.
With traditional lenders and banks increasing their credit requirements The steady flow of alternative and non-bank loan providers entering the market provides an excellent source to take advantage of.
Epuni SME’s are now able to access finance through alternative lenders that service Epuni who are focused on enabling company expansion or smoothing out the cash flow problems. In the past, when personal credit sources (drawing equity from the home loan, or by using credit cards, personal loans and loans) provided the most viable alternative financing solutions for Epuni that were available.
There is now an end to the need of having to rely on real estate to secure business loans. With an unsecured loan, business funding is simple. Instead of a loan for a term with a bank, business finance for an SME with interest rates and loan terms that help with cash flow are around as business loans.
There are many advantages associated in separating personal from business debt.
Lower your risks, and make tax times much easier. Get started with an unsecure business loan, apply today.
One of the main benefits of keeping your private and business assets apart can be that your home isn’t tied for access to the money. If you’re looking for a small business loan in Epuni up to $100K asset security won’t be needed as long as the borrower is able to meet their loan obligations.
Businesses are in a more favourable long-term financial position if they are able to demonstrate credit/debt serviceability.
The separation of personal as well as company finances makes it more seamless in the event of tax time - especially when it comes to determining the tax deductible allocation. Particularly when determining what is the tax deductible allocation. IRD has laid out guidelines for the documentation required to be able to claim deductions on the tax return of a company. This is an area that the IRD has advised specifically on.
Effective management of cash flows is vital to the long-term survival that of any business. Through keeping the personal financial and company finances separate, businesses can easily view how they are performing, monitor and plan on their ability to easily examine their cash flow.
Epuni 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.
The application for your Small Business Loan in under 10 minutes on the internet or over the phone. You’ll get a same day response and have the funds available in just 24 hours. Traditional business loans refer to an annual rate of interest together with additional fees and charges. Our business loan is an upfront priced loan which means you be aware of the total amount due, which includes any interest, fees or charges. This is then broken down into weekly or daily repayment figure.
The Small Business Loan can be used to fulfill almost every business purpose including cash flow management, company remodeling, marketing, to purchase inventory or new equipment, for general working capital and so much more. The loan cannot be used to fund personal expenses.
The Larger Business Loan is a larger size loan to aid in company expansion opportunities. Loans range between $100,000 and $500,000 for a fixed period of with a maximum of 36 months. Repayments are scheduled weekly or fortnightly to work with the flow of cash.
It is crucial to note that the Larger Business Loan has an Origination Fee that is determined at 2.5% of the loan amount.
To be eligible for a loan in this amount the business needs to be in operation for at least 3 years with an annual turnover of $700,000. Your company must belong to a New Zealand Citizen (or Permanent Resident) who is over the age of 18, own a New Zealand company (with a valid NZBN/IRD) and be able to demonstrate at least 12 months of trading.
A Business Loan of a larger size can be used for almost every company use, including business renovations, to purchase equipment or inventory as well as for general working capital and so much more. The loan cannot be used for personal reasons.
Asset security is necessary for accessing funds over $150,000. This can be done by way of charge on assets, which could also be registered on the PPSR or the registration of a caveat.
A personal or director’s ensure is a guarantee to repay credit that is general in nature, rather than specifying the security for a particular asset. The person who is signing the ensure is personally responsible if the company creditor is unable to make the repayment.
The Personal Property Securities Register (PPSR) is a central, national online register run by the New Zealand Government. It reflects security interests registered in respect of personal property (including goods or assets). The PPSR allows the priority of personal property assigned in accordance with the date on which a registration of a security interest.
A caveat is a legal document that is filed to offer an official notice of a claim against a property.
When you’re applying for larger company loans of $250K or more, we may offer an initial pre-approval that will help smooth out the process. It is possible to get this done without a credit check, and within 6 hours of the initial application. This pre-approval is based on an initial evaluation that involves you answering some financial well-being questions. It is not an offer of credit or guarantee of credit. Acceptance without condition is subject to an exhaustive credit evaluation, and any offer that you might receive could be based on different conditions.
You can apply for an business loan if you;
The application process is quick and simple. Just complete the online application within a few minutes and an experienced business expert in lending will be in touch to assist you.
To apply for up to $100,000 you’ll need ID details (valid Driver’s Licence) and an NZBN/IRD that is valid and at least six months of bank statements.
For larger loan sizes, you’ll also require:
$100K – $250K: Information about the application including credit approval, 6-12 months of IRD statements, bank statements (if the loan is greater than $150K).
$250K – $500K: Details of the application, including credit consent, 12 months of bank records, IRD statements, last 2 years finalised financial statements, and interim current financial year financials as well as Aged Payables and Receivables reports.
For an unsecured loan ($5K or more) we usually provide an answer within an hour – as long as you submit your request within standard business times and you allow us to utilise the bank verification system link to instantly verify your bank details online. If you decide to send us copies of your bank statements , we are able to offer the decision in just an company day.
If you are applying for a Larger Business Loan ($100K up to $500,000) we may be likely to provide you with pre-approval conditional to your application in about 6 hours. Once you’ve signed the pre-approval, turnaround times are around 2-3 days for final approval, however this can be quicker based on the specifics of each application. Some agreements have been approved in the space of 24 hours.
The fastest way for you to apply is ensure you apply during normal business hours and allow us to use the advance bank verification link to check your bank’s information online. If you decide to upload duplicates of your banking statements it will take a little longer.
For the Small Business Loan ($5K up to $100,000) We can usually offer a response in one hour if you submit your request during standard business time and you allow us to use the bank verification system to instantly verify your bank’s information online. If you opt to upload copies of your bank statement, we’ll offer an answer in just one business day.
If you are applying for Larger Business Loans ($100K to $500K) We may be capable of provide you with pre-approval conditional to your application in around six hours. Once you’ve signed the pre-approval, the turnaround time is between 2 and 3 days for the final approval, however this may be quicker depending on the specifics of each application. Some transactions have received approval within 24 hours.
The quickest method is to ensure you apply during standard business hours. Also, allow us to use the modern bank verification link to confirm your bank details online. If you decide to send us documents from your account accounts, it can take a bit longer.
We offer loan amounts between $5,000 to $500,000. When you submit an application for a particular amount, we take into consideration a range of variables in order to assess the well-being that is your company as well as the amount of repayments that your business can afford. The amount you receive from the loan will be determined by the specifics of your business.
When you apply for a set amount, we will consider a number of factors to assess the health of your business as well as the amount of the repayments your company can support. The total amount of your loan will depend on the particulars of your business.
When you request business loans with us business credit, we’ll assess the risk profile the company and offer you with a customised proposal that includes the amount of the loan, the duration and the interest rates. It is a company loan is an upfront-priced loan so you will know the exact amount due, which includes any interest rates, fees or charges.
Business loan interest rates depend on several factors such as the amount that is borrowed, what company assets the funds are used to purchase, the industry the business is in, how long the company has been operating and what percentage of the business has enough cash flow to cover the loan, as well as the general well-being and creditworthiness of the business.
There are no hidden costs for our company loans. You’ll know exactly how much you’ll need to pay, and when, starting from the day you sign up. There’s no compounding and no extra fees (as as long as you pay your payments in time).
We don’t charge an application fee. You can get a cash loan with with no upfront cost or any obligation to sign up.
The Origination Fee covers the expenses involved with setting up and managing the loan. The only way to pay this fee if you decide to take the loan. The Origination Fee for us is 2.5 percent of the loan amount.
You may choose to pay back all of your advance loan at any time.
If you are deciding to do this please call our helpful business lending experts. They will provide you with details for repayment as well as an early payout amount. This is calculated as the sum of the principal balance and the accrued interest up to the time of early payout plus 1.5% of the principal remaining as well as any outstanding fees.
To make sure that you don’t miss repayments and to fit in with your cash flow standard, we provide repayments either weekly or daily. These are automatically deducted from your nominated company account.
Making sure that your information is secure, and knowing how we collect, use, exchange and safeguard your data, is vital and a vital part of our relationship you.
Yes. We use industry recognised encryption standards to protect your personal, sensitive financial and other data. Our funders are ISO 27001 qualified for our dedication to security for our customers and security. We employ an exceptionally sophisticated bank verification system to instantly verify your bank account information online, allowing us to provide rapid response.
The term "asset-based" refers to borrowing where an company owner uses an asset they own to obtain a loan. The asset can be either an individual asset, such as the family home, or an company asset such as a vehicle as well as a piece of machine.
The majority of banks, even the largest banks, are inclined to make loans secured by an asset. If you have trouble paying back the loan then the asset might be taken over by the lender. In essence it’s an opportunity to secure new financing by taking advantage of the value of what you already have.
For loans up to $150,000 there is no requirement for asset security in advance to gain access to the funds However, we do need the personal guarantee. If you adhere to your loan obligations (as stated in your loan contract document), asset security will never be required. For loans over $150K generally, there is an individual guarantee and security in the form of the charge of assets.
While we aren’t able to help with an unsecured business loan for those industries, we might be able assist by providing secured business loan.
