An Epuni unsecured business loan is quick and simple to get. Apply for a loan quickly and use the money to grow your company.
What to expect:
The criteria for eligibility for an unsecured business loan within Epuni are fairly minimal.
Call Now 0800 102 591Making an application for an business credit for business in Epuni with us is easy and takes just less than a minute, with no lengthy forms or lines.
Be approved and receive your cash within 1-2 company days.
We want to assist Epuni businesses of all kinds, including medium, small and even solopreneurs to access funding fast so they can make use of the loan to expand and grow.
The requirements for getting an unsecured business loan in Epuni of between $5K and $100K is fairly low.
Do you require more money? Take a look at the guidelines for eligibility for our $100K-$500K business loans.
The requirements for eligibility for the larger Epuni company loans of between $100K and $500K include:
You are looking for a lesser amount of capital? Check out the conditions for eligibility for our $5K-$100K Epuni unsecured business loans.
An Epuni unsecured loan is great for nearly any company need. Talk to us today.
Want to get started on one of these options as early as tomorrow? Then get in touch with us or send your application online to get the fastest and most efficient process.
All that’s required to begin is your contact details (company name and your name, as well as email or phone number), how much you’d like to borrow and your monthly earnings.
While in the process and before settlement we will need confirmation of who you are but not before we can begin:
Once we’ve started when it comes to loans that exceed $150,000, you will also require fundamental financial statements:
Let’s get started.
With traditional lenders and banks tightening their credit terms and the constant stream of non-bank and alternative loan providers that are entering the market provides an excellent source to make use of.
Epuni SME’s are now in a position to obtain finance via other lenders in Epuni who are focused on facilitating business growth or smoothing cash flow issues. In the past, private credit options (drawing equity from the house loan or credit cards and personal loans as well as the overdraft) provided the most viable alternative funding solutions available in Epuni that were around.
There is now not a need for you to depend on the real estate market to secure business lending. With an unsecured loan, business financing is easy. Instead of a traditional term loan from the bank, business finance for a small company with interest rates and loan terms that can help to manage cash flow are around as business credit options.
There are numerous benefits by separating personal and company debt.
Lower your risks, and make tax times much easier. Get started with an unsecured busines loan. Get it today.
One of the main benefits of keeping your individual and business assets separate can be that your house isn’t required to be tied to the funds. For a small business loan in Epuni up to $100K asset security won’t be required so long as the borrower fulfills their loan obligations.
Businesses are in a more stable long-term position when they can show good credit and debt capability.
Separating personal and company finances makes it more straightforward with regards to tax time - especially when it comes to determining the tax-deductible allocation. The IRD has set out the requirements for evidence to be able to claim deductions on an individual’s tax return. This is an area where the IRD has specifically advised on.
Effective management of cash flows is key for the long-term success that of any company. By keeping personal and company finance separate, businesses can easily view their cash flow, plan and monitor it based on their ability to accurately determine their cash flow status.
Epuni unsecured loans provides amounts between $5,000 and $100,000. Terms range from 3 and 24 month and cash flow friendly repayments that are either daily or weekly.
Apply to your Small Business Loan in under 10 minutes on the internet or over the phone, receive an answer within the same day and the money could be in your account in 24 hours. Traditional company loans have an interest rate per annum as well as other fees and charges. This business loan is an upfront priced loan and you’ll be aware of the amount you will have to pay, including any fees, charges or charges. Then, it is divided into a daily or weekly installment amount.
A Small Business Loan can be used for almost every business need, such as the management of cash flow, company renovations, 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 amount of loan to help business expansion opportunities. The loan ranges from $100,000 to $500,000 with a fixed-term that can last up to 36 months. Repayments are either weekly or fortnightly, depending on your situation.
This Larger Business Loan has an Origination Fee that is calculated at 2.5% of the loan amount.
To be eligible for a credit of this size, your company needs to be trading for at least 3 years, and have an annual income of $700,000. Your company must belong to a New Zealand Citizen (or Permanent Resident) who is over the age of 18 or have a New Zealand business (with a valid NZBN/IRD) and be able to demonstrate at least 12 months of trading.
A Larger Business Loan is a great option for almost all business reason, such as business renovations, purchase of equipment or inventory or as general working capital, and much more. The loan cannot be used for personal purposes.
Asset security is necessary to obtain funding above $150,000. It is usually by taking a charge over assets, and could include the registration of this with the PPSR or the registration of as a caveat.
A director’s or personal ensure is a guarantee to pay back a loan that is general in nature, rather than specifying the security of a specific asset. The person who is signing the ensure is personally responsible if the company the borrower fails to make the repayment.
The Personal Property Securities Register (PPSR) is an online central register that is operated by the New Zealand Government. It contains security interests which are registered with respect to personal property (including items or assets). The PPSR grants the priority of personal property granted according to the date the security interest was registered.
A caveat is a legal document that is filed to offer the legal claim to a property.
If you’re requesting an enterprise loan that exceeds $250K we can offer an initial pre-approval in order to smooth out the process. We might be able to get this done without a credit verification and within 6 hours of your initial application. This pre-approval is based on an initial evaluation that involves you answering a few financial well-being checks. This is in no way an offer, nor is it a guarantee of finance. A conditional approval is subject an assessment of your creditworthiness and any offer that you might receive could be based on different terms.
You can apply for an company loan if you:
The application process is fast and easy. Simply complete the online form in few minutes and an experienced company expert in lending will call you to guide you.
To apply for up $100,000, you’ll need ID details (valid Driver’s License), an NZBN/IRD that is valid and at least six months worth of bank statements.
Otherwise, for larger loan sizes, you’ll need:
$100K – $250K: Application details including credit consent, 6-12 months of bank statements, IRD statement (if you have a loan of more than $150K).
$250K-$500K: Information on the application including credit consent twelve months of bank records, IRD statement, last 2 years finalised financial statements, in addition to interim financial statements for the current year, Aged Payables and Aged Receivables reports.
For an unsecured loan ($5K and up) we usually offer an answer within one hour – as long as you submit your request at quality company times and permit us to utilise the bank verification system link to instantly verify your bank details online. If you choose to submit copies of your bank statements we can offer an answer within just one company day.
For Larger Business Loans ($100K and up) we may be able to provide you with pre-approval conditional to your application within six hours. After you’ve signed your pre-approval document, you will require to wait around 2-3 days for final approval, however it could be faster based upon the circumstances for each application. Some agreements have been approved in the space of 24 hours.
The most efficient method can be ensure you apply during standard company hours and permit us to use the advance bank verification to verify your bank account information online. If you opt to upload documents from your account statement, it can take a bit longer.
For the Small Business Loan ($5K to $100K) we can often offer an answer within an hour, provided you make your application at normal business time and permit us to make use of the advanced bank verification system link to instantly verify your bank information online. If you want to submit copies of your bank statements, we are able to offer a decision within one business day.
For Larger Business Loans ($100K up to $500,000) We may be likely to provide you with conditional pre-approval in about six hours. Once you have 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. Certain offers have been approved within 24 hours.
The fastest way would be to make sure you apply during standard business hours. Also, allow us to use our sophisticated bank verification to instantly confirm your bank details online. If you decide to send us documents from your account statement, it takes a bit longer.
We provide the loan amount between $5,000 to $500,000. When you make an application for a specific amount we will consider a number of variables that determine your health of the business and the extent of the repayments your company is able to afford. The amount you receive from the loan will be determined by the specific circumstances of your business.
When you make an application for a set amount, we will consider a number of elements to assess how much we can lend you such as well-being for your business and the amount of the repayments your company is able to afford. The amount you receive from your loan will be contingent on the specific circumstances of your company.
When you request business loans with us business credit, we will assess the risk assessment that you have for your business and provide you with a customised proposal that includes loan amount, term and the interest rates. A company loan is a loan that is priced upfront so you will be aware of the total amount to be paid, including any charges, interest rates or fees.
Business loan interest rates differ based on various variables like the amount to be borrowed, the company assets the money are used to purchase, the industry the business is operating in, how long the business has been running for, how long the business has enough cash flow to support the loan, and also the general health and creditworthiness of the business.
There aren’t any hidden charges for our company loans. You’ll know exactly how much it is that you need to pay, and when, from the very first day. There’s no compounding and no additional fees (as as long as you pay your payments in time).
We do not charge an application fee. You can apply for a loan with no upfront cost or any obligation to sign up.
The Origination Fee includes the expenses associated with setting up and managing the loan. You are only charged this fee if you choose to proceed with the loan. Our Origination Fee is 2.5 percent of the loan amount.
You can choose to repay the total amount of your loan in full at any time.
If you do decide to take this route, please speak to our friendly company credit experts. The specialists will provide you with details on repayment as well as an early payout amount. 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% of the principal remaining and any fees that remain unpaid.
In order to help you avoid missing payment dates and to align with your cash flow cycle we offer repayments either weekly or daily. They are automatically deducted from your nominated business account.
The security of your personal information, as well as making it clear the ways we gather information, use it, and exchange it, as well as secure your information, is crucial and is a crucial part of our relationship you.
Yes. We employ industry-recognised encryption protocols to safeguard your personal, sensitive financial and other data. Our funders are ISO 27001 certified for our dedication to customer security and privacy. We employ an exceptionally sophisticated banking verification system to instantly verify your bank account details online, allowing us to provide an immediate response.
An asset-based loan is when the business owner borrows from an asset they own to get the funds for a loan. The asset can be an individual property, such as the family home, or a company property like a truck as well as a piece of machine.
The majority of the lenders even the major banks, prefer to make loans secured by assets. If you’re struggling to pay back the loan then the asset could be taken over by the lender. In essence, it’s means of securing new financing by taking advantage of the value of what you already own.
For loans up to $150,000 it is not necessary to secure assets upfront to access the money but we do need an individual guarantee. If you adhere to the loan terms (as specified in your loan contract document), asset security is not required. For loans that exceed $150K, generally there is personal guarantee and security that is in the form charges on assets.
Although we cannot assist with an unsecure business loan for the above industries, we might be able to assist you with secured business loan.
