An Epuni unsecured business loan is simple and quick in applying for. Apply for a loan quickly and begin using the money for your company.
What you can expect:
The conditions for eligibility for an unsecured business loan for a company loan Epuni are fairly minimal.
Requesting a company loans in Epuni with us is easy and takes only some minutes, without lengthy forms or lines.
Approved and receive cash within one to two business days.
Our purpose is to assist Epuni businesses of all kinds, from small to medium-sized entrepreneurs to obtain funding fast so they can make use of the loan to expand and develop.
The eligibility requirements for an unsecured business loan in Epuni of between $5K and $100K is fairly low.
Looking for more funding? Review the guidelines for eligibility for our $100K-$500K business loans.
The requirements for eligibility for loans from larger Epuni business loans of between $100K and $500K are:
Do you require a smaller amount of capital? Take a look at the eligibility requirements for our $5K-$100K Epuni unsecured business loans.
An Epuni unsecured loan is ideal for virtually any company use. Talk to us today.
Want to get started on one of these idea as quickly as tomorrow? So, contact us or send your application online for the quickjest fasted way.
All that’s required for starting is your contact information (company name, your name, email and telephone) and the amount you want to borrow, as well as your monthly income.
Through the process and before settlement we’ll need confirmation of your identity, but not before we can begin:
In addition, once we have started in the process, for loans greater than $150,000 you’ll need basic financial statements.
Let’s get started now.
With banks and traditional lenders restricting credit and the constant stream of non-bank and alternative loan providers entering the market offers the perfect source for you to make use of.
Epuni SME’s are now in a position to obtain finance via alternate lenders servicing Epuni who are focused on enabling company growth or smoothing problems with cash flow. In the past, private credit options (drawing equity from a home loan, or using credit cards, personal loans and credit cards) could be the best alternative funding services available in Epuni that were around.
There is now an end to the requirement to rely on using real estate to secure company loan. With an unsecured loan business funding is simple. Instead of a traditional term loan from a bank, business finance for an SME with interest rates and loan terms that help to manage cash flow are around as business loan options.
There are many benefits with separating personal and business debt.
Limit your exposure, and make tax times easier, get started with an unsecure busines loan. Apply today.
One big drawcard for keeping your private and company assets apart is that your home does not have to be tied for access to the money. In the case of a business loan in Epuni up to $100K the security of assets won’t be required so long as the borrower fulfills the loan requirements.
Businesses are in a more stable long-term position when they can demonstrate good credit/debt serviceability.
It is important to separate personal from business finances makes it significantly more seamless with regards to tax time, particularly when determining what is the tax deductible allocation. Particularly when determining what is the tax deductible allocation. IRD has set out requirements for evidence for claiming deductions on the tax return of a company. This is an area that the IRD has advised specifically on.
Effective cash flow management is key for the long-term viability that of any company. By keeping the personal financial and company finances separate, businesses can easily view, monitor and plan based on the ability to clearly assess their cash flow position.
Epuni unsecured loans provides amounts of between $5,000 and $100,000, with terms ranging from 3 and 24 months. They also offer cash flow friendly repayments that are either daily or weekly.
The application to the Small Business Loan in under 10 minutes via the internet or over the phone, receive an immediate response, and have the funds in your account within 24 hours. Traditional company loans have an annual rate of interest plus other fees and charges. We offer a company loan is a pre-paid loan therefore you’ll know in advance the total amount due, which includes any interest, fees or charges. This is then divided into a daily or weekly amount to be paid back.
A Small Business Loan can be used to fulfill almost every business reason, such as control of cash flow company renovations, marketing to purchase inventory, new equipment, to fund general working capital and much more. The loan is not available for personal purposes.
The Larger Business Loan is a larger size loan to aid in business growth opportunities. Loans range from $100,000 to $500,000 with a term fixed up to 36 months. The repayments are made weekly or fortnightly to work with your cash flow.
It is crucial to note that the Larger Business Loan has an Origination Fee which is determined at 2.5 percent of the loan amount.
To be eligible for a loan of this size, your business needs to be operating for a minimum of 3 years with an annual turnover of at least $700,000. The applicant must also be a New Zealand Citizen (or Permanent Resident) with a minimum age of 18 years old and have a New Zealand business (with a valid NZBN/IRD) and be able to prove at minimum 12 months of business.
A Business Loan of a larger size can be used for almost every business purpose including business remodeling, buying equipment or inventory as well as for general working capital and much more. The loan is not available for personal use.
Asset security is needed for accessing funds over $150,000. This is in the form of a charge over assets and can be registered with the PPSR or making as a caveat.
A director’s or personal ensure is a commitment to repay a loan which is general in nature, rather than stipulating security over an asset. The person signing the guarantee is personally accountable if the company lender is not able to pay back the debt.
The Personal Property Securities Register (PPSR) is an online central register that is operated by the New Zealand Government. It lists security interests that are granted to individuals who own personal property (including the assets or goods). The PPSR allows preference over private property assigned according to the date the security interest has been registered.
Caveats are legal form of document to offer an official notice of a claim to property.
When you’re applying for an enterprise loan that exceeds $250K, we may offer an initial pre-approval in order to simplify the process. We could be able to do this without a credit check 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 questions. It is not an offer or guarantee of funds. A conditional approval is subject an exhaustive credit evaluation, and any offer that you are offered could be on different conditions.
You can apply for an business loan if you
The application process is quick and easy. Complete the online form in just a few minutes, and an experienced business lending specialist will be in touch to guide you.
For a loan of up to $100,000, you’ll need identification details (valid Driver’s Licence) as well as a valid NZBN/IRD as well as at least 6 months’ worth of bank statements.
If you’re looking for loans with larger sizes, you’ll need:
$100K to $250K: Information about the application including credit consent, 6-12 months of IRD statements, bank statements (if the loan is greater than $150K).
$250K-$500K: Details for application including credit consent as well as 12 months bank statement, an IRD statement and the last two years’ finalised financial statements, and interim current financial year financials as well as Aged Payables and Receivables summary.
For an unsecured loan ($5K or more) we usually offer an answer within one hour – as long as you apply in quality company timings and let us make use of the advanced bank verification system link to immediately verify your bank account information online. If you decide to submit copies of your bank statements , we are able to provide an answer in just the span of one business day.
For the Larger Business Loan ($100K and up) we could be capable of provide you with a conditional pre-approval in around six hours. After you’ve signed your pre-approval, the turnaround time is approximately 2-3 days to receive final approval. However, this can be quicker based on the circumstances of each application. Certain offers have been approved within just 24 hours.
The fastest way would be to ensure you apply during normal business hours and allow us to use the modern bank verification to instantly check your bank’s information online. If you upload documents from your account statements it takes a bit longer.
For the Small Business Loan ($5K up to $100,000) we can often offer an answer within one hour if you apply at normal business times and permit us to make use of the advanced bank verification system to instantly verify your bank information online. If you want to upload copies of your banking statements, we’ll be able to offer the decision within an business day.
For Larger Business Loans ($100K to $500K) we may be capable of offer you with a conditional pre-approval in around six hours. Once you’ve signed your pre-approval form, it will take around 2-3 days for final approval. However, it could be faster based upon the circumstances for each application. Some transactions have received approval in the space of 24 hours.
The quickest method can be make sure you apply during normal business hours. Also, permit us to use the sophisticated bank verification to verify your bank information online. If you send us documents from your account accounts, it will take a little longer.
We provide loans ranging from $5,000 to $500,000. When you make an application for a specific amount we look at a variety of aspects to determine your health for your company as well as the amount of repayments your company will be able to support. The total amount of the loan will be determined by the specifics the business.
When you apply for a set amount, we will consider a number of elements to assess how much we can lend you such as health for your business and the level of repayments your company is able to afford. The amount you receive from your loan will depend on the particulars the business.
When you make an application for business loans with us business loan, we will assess the risk profile that you have for your business and offer an individualised offer, including the amount of loan, the term and interest rates. It is a business loan is an upfront cost loan so you will know the exact amount payable including any charges or interest.
The interest rates on company loans rates depend on a variety of factors like the amount of money of money borrowed, the company assets the funds are used to purchase as well as the field the company operates in, the long the business has been operating as well as in the event that the company has enough cash flow to pay for the loan, and overall well-being and creditworthiness of the company.
There are no hidden costs for our company loans. You’ll be aware of the amount you’ll need to pay, and when, starting from the day you sign up. There’s no compounding interest, and the loan comes with no additional fees (as as you make your payments punctually).
We don’t charge an application fee. You can make an application for loans with without any upfront costs or the obligation to take action.
The Origination Fee is the cost associated with setting up and managing the loan. This is only a cost if you take out the loan. Our Origination Fee is 2.5 percent of the amount of the loan.
You can repay the entire amount of the loan early at any time.
If you do decide to pursue this option, please speak to our friendly company credit specialists. We will offer you with details for repayment and an early payment figure. It will be calculated using the sum of the principal balance and the accrued interest up to the time of early payout and 1.5 percent of the remaining principal as well as any outstanding fees.
To make sure that you don’t miss repayments and to fit in your cash flow cycle we provide payments that are either daily or weekly. They are automatically deducted from your designated company account.
The security of your personal information, as well as knowing the ways we gather, use, exchange and ensure the security of your information is of huge importance and is an essential part of our relationship you.
Yes. We use industry recognised encryption protocols to safeguard your personal, sensitive financial and other data. Our funders are ISO 27001 certified for our commitment to the security of our customers as well as their security. We employ an exceptionally sophisticated bank verification system link to instantly verify your bank account details online, allowing us to provide a fast response.
Asset-based borrowing is when an company owner borrows from an asset they own to obtain the loan. The asset could be a personal asset like the family home or it could be a business property like a truck or piece of equipment.
The majority of the lenders including the big banks, tend to guarantee loans against an asset. If you are having difficulty paying back the loan, the asset could be taken over by the lender. In essence, it is an opportunity to secure additional financing using the worth of the asset you already own.
Up to $150,000 in loans there is no requirement for asset security upfront to access the money however, we require a personal guarantee. require the personal guarantee. So long as you comply with the terms of your loan (as specified in the loan contract) Asset security will never be required. If you take out loans in excess of $150K generally, there is the option of a personal ensure and security in the form of the charge of assets.
We can’t assist with an unsecure business loan for the above industries, we might be able to assist you with a secured business loan.
