A Puni unsecured business loan is simple and quick to apply for. Apply for a loan quickly and use the money in your company.
What you can expect:
The conditions for eligibility for an unsecured business loan within Puni are fairly minimal.
Call Now 0800 102 591Requesting the company financing in Puni with us is easy and takes only some minutes, without long lines of paperwork or waiting in line.
Get approved and receive your funds in 1 – 2 company days.
Our goal is to assist Puni businesses of all kinds, including medium, small and even solopreneurs to access funds quickly so that they can take advantage of loans to grow and build.
The requirements for getting an unsecured business loan in Puni of between $5K and $100K are fairly minimal.
Looking for more funding? Find out the eligibility requirements for our $100K-$500K business loan.
The criteria for eligibility of the larger Puni business loans of between $100K and $500K include:
Are you looking for a lower amount of money? Look over the eligibility requirements for our $5K to $100K Puni unsecured company loans.
A Puni unsecured loan is ideal for almost any business purpose. Call us now.
Want to get started on one of these projects as soon as tomorrow? Contact us today or send an application online to get the fastest and most effective process.
All that is needed to start is your contact information (the name of your company, your name, email address and telephone) along with the amount you’d like to borrow, as well as your monthly income.
While in the process and before settlement we will need confirmation of your identity but not for starting:
Additionally after we get started when it comes to loans that exceed $150,000, you’ll require basic financial statements.
Let’s get started.
With banks and traditional lenders tightening their credit terms and the constant stream of non-bank and alternative loan providers that are entering the market provides a great resource for you to tap into.
Puni SME’s are now able to access finance through alternate lenders servicing Puni who are focused on enabling company expansion or smoothing out problems with cash flow. The past was when personal credit sources (drawing equity from a house loan, or using credit cards and personal loans as well as loans) was the sole alternative financing solutions for Puni that were around.
There’s no requirement in the present to depend on using real estate to secure company loans. With an unsecured loan, business funding is simple. Instead of a loan for a term with the bank, business finance for an SME with interest rates and loan terms that help to manage cash flow are available as business loans.
There are many advantages associated by separating personal and company debt.
Lower your risks, make the tax process easier, get started with an unsecure busines loan. Get it today.
The main benefit of keeping your private and business assets separate can be that your home does not have to be tied to allow access to the funds. For a modest business loan within Puni up to $100K asset security won’t be required as long as the borrower fulfills the loan requirements.
Businesses are in a more advantageous long-term situation if they can demonstrate good credit/debt capability.
A separation between personal and business finances makes it more straightforward with regards to tax time, particularly when identifying what is the tax deductible allocation. The IRD has outlined the 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 have specifically advised on.
Effective management of cash flows is key for the longevity for any business. Through keeping your personal finances and business finance separate, companies can easily view how they are performing, monitor and plan on their ability to easily determine their cash flow status.
Puni unsecured loans offers the range of $5,000 to $100,000 with terms between 3 and 24 months, cash flow-friendly repayments that are either daily or weekly.
It is imaginable to apply for the Small Business Loan in under 10 minutes on the internet or over the phone, receive an instant response and funds may be available in just 24 hours. Traditional business loans refer to an annual interest rate together with additional fees and charges. We offer a company loan is an upfront priced loan and you’ll know in advance the total amount to be paid, including any interest, fees or charges. This is then broken down into weekly or daily amount to be paid back.
A Small Business Loan can be used for virtually any business use, including control of cash flow company remodels and marketing for purchasing inventory or new equipment, for general working capital and so much more. The loan is not available for personal purposes.
The Larger Business Loan is a larger size of loan that can be used to fund company expansion opportunities. Loans range from $100,000 to $500,000 for a fixed period of up to 36 months. Repayments are scheduled weekly or fortnightly to work with your cash flow.
It is crucial to note that the Larger Business Loan has an Origination Fee, calculated at 2.5 percent of the amount of the loan.
To be eligible for a loan that is this large the company needs to be in operation for at least 3 years and generate an annual revenue of $700,000. It is necessary to be a New Zealand Citizen (or Permanent Resident) with a minimum age of 18 years old and have a New Zealand company (with a valid NZBN/IRD) and be able to prove at minimum 12 months of business.
A larger company loan is a great option for almost any business purpose including business improvements, purchasing new equipment or inventory or as general working capital, and much more. The loan is not available for personal purposes.
Asset security is required for funding of more than $150,000. It is usually as a result of an charge on assets, which could also include registration in the PPSR or registering a caveat.
A director’s or personal ensure is a commitment to repay credit that is general in nature rather than stating security over an asset. The person signing the guarantee is personally responsible if the company the borrower fails to re-pay the debt.
The Personal Property Securities Register (PPSR) is an online central register that is operated by the New Zealand Government. It records security interests that have been registered in respect of personal property (including goods or assets). The PPSR gives priority over personal property to be granted depending on the date that a registration of a security interest.
A caveat is a legal document filed to provide notice of a legal claim on a property.
If you’re seeking the Larger Business Loan of more than $250K we can offer a preliminary pre-approval to help simplify 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 made based on a preliminary assessment which includes you answering some financial well-being questions. It is not an offer of credit or guarantee of finance. Unconditional approval is subject to a full credit assessment and any offer that you are offered could have different terms.
You are eligible to apply for an company loan if you;
The application process is quick and easy. Simply complete the online form in few minutes and a dedicated company loan specialist will be in touch to assist you.
To be eligible for up to $100,000 you’ll require identification details (valid Driver’s Licence) and an active NZBN/IRD, and at least 6 months of bank statements.
If you’re looking for loans with larger sizes, you’ll require:
$100K to $250K: Details of application, including credit consent, 6-12 months of bank statements, IRD statement (if loan above $150K).
$250K-$500K: Details of the application, including credit consent, 12 month bank accounts, the IRD statements Last 2 years’ finalised financial statements, plus interim financials for the current financial year, Aged Payables and Aged Receivables summaries.
For an unsecured loan ($5K up to $100,000) We can usually offer a response in one hour if you make your application at quality company time and allow us to utilise the advanced bank verification system link to instantly verify your bank information online. If you decide to submit copies of your bank statements , we’ll be able to provide a decision within just the span of one business day.
For the Larger Business Loan ($100K to $500K) we may be capable of offer you with conditional pre-approval within about six hours. After you’ve signed your pre-approval form, it will take about 2-3 days for final approval. However, it could be faster based on the circumstances of each application. Certain offers have been approved within less than 24 hours.
The quickest way to apply would be to ensure you apply during standard business hours, and permit us to use the advance bank verification link to check your bank’s information online. If you opt to upload duplicates of your banking statements it takes a bit longer.
For the Small Business Loan ($5K to $100K) We can usually provide an answer in just one hour – as long as you apply within normal business hours and you allow us to use the advanced bank verification system to immediately verify your bank account information online. If you opt to upload copies of your banking statements, we are able to offer an answer in as little as an business day.
For the Larger Business Loans ($100K to $500K) We may be likely to offer the conditional pre-approval in around 6 hours. Once you’ve signed your pre-approval, turnaround times are approximately 2-3 days to receive final approval, however this can be faster depending on the particular circumstances of each application. Some offers have been approved in less than 24 hours.
The quickest method is to make sure you apply during standard business hours. You can also allow us to use our advanced bank verification system link to confirm your bank details online. If you decide to upload documents from your account statements it will take a little longer.
We provide loans that range from $5,000 and $500,000. When you make an application for a certain amount, we look at a variety of variables that determine your well-being of the business and the extent of repayments your company can support. The total amount of the loan will be determined by the particular circumstances of your business.
When you apply for a certain amount, we consider a variety of aspects to determine how much we can lend you such as well-being of your company and the extent of the repayments your company can afford. The amount you receive from your loan will depend on the particular circumstances of your business.
When you make an application for our business loan, we’ll assess the risk profile of your business and offer you with a customised offer that includes the loan amount, the terms and the interest rates. A company loan is an upfront-priced loan so you will be aware in advance of the total amount due, which includes any interest rates, fees or charges.
Business loan interest rates depend on several variables like the amount to be borrowed, what business assets the money are used to purchase, the industry the company is in, how long the business has been operating and how long the company has sufficient cash flow to pay for the loan, and also the general health or financial standing of the business.
There are no hidden fees for our business loans, and you’ll know precisely what you need to pay, and when, starting from the very first day. 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 are able to request a credit loan with without any upfront costs or the obligation to take action.
The Origination Fee covers the costs associated with the setting up and management of the loan. The only way to pay this fee if you decide to take the loan. The Origination Fee for us is 2.5% of the amount of loan.
You can decide to repay the entire amount of your loan at any point in time.
If you are deciding to pursue this option, please talk to one of our helpful company loan professionals. The specialists will provide you with the details of your repayment and an early payment figure. This will be calculated as the total of the principal amount remaining and any accrued interest at the date of early payout in addition to 1.5% of the remaining principal and any fees that remain unpaid.
To help you avoid missing payment dates and to align your cash flow schedule, we offer repayments either weekly or daily. These are automatically deducted from your nominated company account.
Security of your data, and knowing how we collect the information we collect, use, share and secure your information, is vital and a vital element of our relationship with you.
Yes. We utilise industry-recognised encryption techniques to protect your sensitive, personal as well as financial data. Our funders are ISO 27001 certified for our dedication to the security of our clients as well as their security. We utilise a sophisticated bank verification system link to immediately confirm your bank account information online. This allows us to provide rapid response.
An asset-based loan is when an business owner utilises assets they own to get the loan. The asset can be either an individual asset, such as the family home, or it could be a company property like a truck or piece or equipment.
The majority of lenders, even the largest banks, are inclined to guarantee loans against assets. If you have trouble paying back the loan, then the asset could be offered for sale by the lender. In essence it is the process of securing new funding making use of the value of what you already have.
For loans of up to $150,000, there is no requirement for asset security before you are able to access the money, however we do need a personal guarantee. As long as you follow your loan obligations (as stipulated in your loan contract) Asset security will never be required. For loans over $150K generally, there is an individual ensure and security in the form of a charge over assets.
We can’t assist with an unsecure business loan for these industries, we may be able assist with secured business loan.
