Unsecured Business Loans Puni NZ

If You Do This Today, You'll Be Getting Ready For Success By Obtaining a Puni Business Loan

Unsecured Business Loans Puni

A Puni unsecured business loan is simple and quick to get. Apply for a loan quickly and start using the funds in your business.

  • Could additional funds assist your company with working capital or to take advantage of the opportunity for growth?
  • What is the financing strategy you are using to fund your business requirements?

What you can expect:

  • Easy process to fill out to be approved and receive the funds will be available as early as tomorrow
  • There is no option to remittances in the initial four weeks
  • Borrow from $5k to $500K
  • Terms ranging from 3-36 months
  • Competitive interest rates
  • Minimal documentation needed

The eligibility requirements for an unsecured business loan within Puni are fairly minimal.

I'm now able make beverages for clients using the best equipment.
Cafe Owner
I'm now able to go on an extended vacation knowing that my Puni business will run without a hitch.
Local Business Owner
I'm now able to finance the construction of our newly constructed Puni resturant without having draw cash from other ones.
Puni Resturant Owner
Business loan interest rates and repayment terms as well as flexible repayment options to fit you company requirements.
Business Lending Options
I can now hire a marketing specialist to take my company to the next stage.
Growing Puni Business
An easy loan application process with a huge limit on borrowing, no requirements for credit and there is no need to present a business plan. Don't use your personal credit card or company credit cards in order to fund your business.
Unsecured Loans Made Simple
I can get my tax back on track.
Small Business Owner
Business loans, in particular one that is an unsecured business loan or line of credit to business financing need never be an difficult procedure. Business finance is in the form of small business loans at an interest rates and repayment time that will suit the requirements of your business liquidity.
Business Lenders for Business Goals
Unsecured Business Loan Service Provider

Fast Approval Process

Applying for the business credit in Puni with us is easy and takes only a few minutes, no long lines of paperwork or waiting in line.

Get approved and receive your funds within one to two business days.

Helping Business Owners Looking for an Unsecured Loan

People Choose Us Because We Get Results

Our purpose is to assist Puni businesses of all sorts small, medium even entrepreneurs to obtain money quickly, so that they can use the loan to build and expand their business.

  • It begins with an easy online application or by phone
  • Flexible repayment terms that can be tailored to your company
  • Fast and prompt funding within a single day or two days
  • A team of people who want to see you succeed as well as you company to be successful
Simple eligibility checklist

Small Business Loan Eligibility Criteria

The requirements for getting an unsecured business loan in Puni of between $5K and $100K is fairly low.

  • The minimum period of 6 months for which you must be in business
  • A minimum of $6,000 in revenue per month
  • Be a New Zealand based company with a New Zealand Business Number (NZBN)
  • Passport or
  • Driver’s License to serve as identification proof
  • Make sure you have a New Zealand bank as your primary account for trading
  • Bank statements from the last six months

Are you looking for additional funding? Take a look at the guidelines for eligibility for our $100K to $500K company loan.

Here's How Others Have Benefited

Examples of Business Loans

The owner of a modest grocery store making $70K a month borrowed $76K over a 24 month period with no repayments during the initial 4 weeks. This required 12 months of bank statements. Turnaround time was just 6 hours from the moment you applied to receiving the money.
Grocery Store Small Business Loan
The owner of a restaurant wanted to open a second restaurant and needed funds for the installation. Their bank was not interested in helping. The average monthly income for them was $50K. They were able borrow $66K in 24 months. Turnaround was only 8 hours.
Restaurant Owner
An interior designer had spotted an opportunity to expand their company and required working capital to fund this growth. With a monthly income of $300K, they borrowed $250K in 24 months. The time to turn around for them was only two days and all they needed to provide the required documents were twelve months' bank statements IRD confirmation, IRD confirmation and trust deed.
Interior Designer
A business coach was seeking to invest in the well-being and cosmetics business. With just under twelve thousand dollars in monthly income they borrowed $24K in 24 months. The loan required the submission of 12 months' bank statements and was completed in just 8 hours.
Business Coach
After purchasing a pizza restaurant and two liquor stores six to 12 months prior, the new owners were looking for more funds. The total revenue of the two stores was more than 500K per month. They could borrow $300K. The loan was split into $100K per store with an option of both 24 and 36 month terms. No security over the owner's houses was needed.
Owner of a Pizza Store & 2 Liquor Stores
Simple eligibility checklist

Larger Puni Business Loan Eligibility Criteria

The criteria for eligibility for larger Puni business loans of between $100K to $500K comprise:

  • Minimum of 3 years in business
  • At least $700K in annual income
  • Be a New Zealand based business with an New Zealand Business Number (NZBN)
  • Passport or
  • Driver’s License to serve as proof of identity
  • Have an account at a New Zealand bank as your principal account for trading
  • Bank statements from the last six months
  • Some financial statements like Profit & Loss and the Aged Accounts Payable and Receivable

Looking for a smaller amount of funding? Take a look at the guidelines for eligibility for our $5K-$100K Puni unsecured business loans.

Business Lending for a Cash Injection

What do you want to use the business loan in Puni for?

A Puni unsecured loan is great for nearly any business purpose. Get in touch with us today.

  • Remodel or expand commercial properties
  • Staff expansion during busy periods
  • Grow stock quantities to meet the demand
  • Build a new website or enhance your marketing
  • Put money into the latest equipment, tools or technological advancements
  • Purchase extra stock to cover seasonal demand
  • Manage cash flow fluctuations
  • And many more …

Do you want to begin one of these options as early as tomorrow? Contact us today or send an application online for the quickjest fasted way.

Quick application checklist

What do you need to apply

All that’s needed to begin is your contact information (company name and your name, as well as email and phone) as well as the amount you’d like to borrow, as well as your monthly income.

Through the process and before settlement we’ll require confirmation of who you are but not before we can begin:

  • Information on Idenfication (valid Driver’s License)
  • Details of the business including time of trading, ownership details and NZBN (New Zealand Business Number)

Once we’ve started in the process, for loans that exceed $150,000, you will also require the following financial statements:

  • P&L statement
  • Aged payables
  • Aged receivables

Let’s get started.

 

Apply Now







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    Here's How Others Have Benefited

    Examples of Business Loans

    A plumber who's been in business for 3 years with $80K in monthly sales was looking for more funding. They were able to borrow $153K over 36 months. The only thing needed were 12 months' worth of statements and confirmation of the status with IRD. The process was completed within a day and the plumber was able to access their working capital available in their account within a short time.
    Plumber
    With the busy Christmas time fast approaching, a clothes store required working capital in order to finance additional inventory and benefit from discounts offered by suppliers. They borrowed $20K over 12 months with no security for assets and received the funds in less than 24 hours.
    Clothing Store
    A company coach wanted to invest in an well-being and beauty company. With just a little more than 12K in revenue per month, they borrowed $24K over 24 months. The loan was based on the submission of 12 months' bank statements and was done in 8 hours.
    Business Coach
    The owner of a tiny grocery store that earned $70K per month borrowed $76K over a 24 month period, with no payments for the first four weeks. This was contingent on 12 months of bank statements. Turnaround time was just 6 hours from application to getting the money.
    Grocery Store Small Business Loan
    An interior designer saw an opportunity to grow their company and required working capital to fund this growth. With an annual revenue of $300K they borrowed $250K over 24 months. The turnaround time was just 2 days and all they had to provide were 12 months worth of banking statement IRD confirmation, IRD confirmation and trust deed.
    Interior Designer

    The lending landscape has changed

    With banks and traditional lenders restricting credit and the constant stream of alternative and non-bank loan providers that are entering the market provides an incredible source for you to take advantage of.

    Puni SME’s are now able to access finance through alternate lenders servicing Puni who are focused on facilitating business growth or smoothing out problems with cash flow. The past was when the personal sources of credit (drawing equity from a home loan or credit cards in addition to personal loans and credit cards) were the only alternative financing services for Puni that were available.

    There’s not a need of having to depend on using real estate to secure company lending. With an unsecured loan business financing is easy. Instead of a term loan with banks, business finance for an SME with interest rates and loan terms that help to manage cash flow are around as business loans.

     

     

    High level summary

    Separate personal and business debt

    There are numerous benefits in separating personal from company debt.

    • Your home or other investments, aren’t tethered in order to access funds
    • This business stands in more favourable position to establish its own credit history
    • It’s considerably more straightforward during tax time
    • Businesses are able to easily review their cash flow, monitor and plan based on being able to clearly examine their cash flow status

    Limit your exposure, make the tax process much easier. Get started with an unsecure business loan. Make an application today.

    For those who like the detail

    Separate personal and business debt

    Risk

    One big drawcard for keeping your business and personal business assets separate is that your home isn’t tied to allow access to the funds. For a small business loan within Puni up to $100K the security of assets won’t be required so in the event that the borrower has met the loan requirements.

    Credit history

    Businesses are in a more stable long-term position when they are able to demonstrate credit/debt capacity to pay.

    Tax

    The separation of personal as well as company finances makes it much more straightforward in the event of tax time, particularly when determining the tax-deductible amount. Particularly when determining what is the tax deductible allocation. IRD has outlined the guidelines on the proof required to claim deductions on an organisation’s tax return. This is an area where the IRD has advised specifically on.

    Cash flow

    Effective cash flow management is key for the longevity in any business. Through keeping personal and business finances distinct, companies can easily view their cash flow, plan and monitor it based on the ability to clearly assess their cash flow position.

    I can now take a holiday knowing my Puni business will run smoothly.
    Local Business Owner
    I'm able to get my taxes back to keep me on track.
    Small Business Owner
    Business loans, especially an unsecured unsecured business loan or line of credit to business financing need not be a stressfull procedure. Finance for a company in the shape of small business loans at a fixed interest rate cost, and with a repayment time that is suitable for the needs of your company financial needs.
    Business Lenders for Business Goals
    I am now able to make coffee for my customers using the best equipment.
    Cafe Owner
    Simple loan application procedure with a generous loan limit, with minimal credit criteria and no requirement to submit a business plan. Do not use your personal credit card and company credit cards to fund your company.
    Unsecured Loans Made Simple
    I am now able to fund the fitout of our fresh Puni resturant without having to borrow cash from other ones.
    Puni Resturant Owner
    Business loans with interest rates and repayment conditions, and flexible repayment options that can be tailored to the requirements of your business needs.
    Business Lending Options
    I'm now able employ an specialist marketer to increase the success of my company to the next level of business growth.
    Growing Business
    FAQ: business lending & business loans for business owners

    Business Loans Frequently Ask Questions

    About The Puni Small Business Loans

    Tell me about the Puni Small Business Loans

    Puni unsecured loans offers amounts of between $5,000 and $100,000. Terms range from 3 and 24 months and cash flow-friendly repayments that are either daily or weekly.

    What is how is the Unsecured Loan different from the traditional business loan?

    The application to your Small Business Loan in under 10 minutes by phone. You will receive an instant response and have the funds in your account in 24 hours. Traditional business loans refer to an interest rate per annum plus other fees and charges. This company loan is a pre-paid loan so you will be aware of the amount you will have to pay, including the interest, fees and charges. Then, it is divided into weekly or daily payment amount.

    What could you use the Small Business Loan be used for?

    A Small Business Loan can be used for virtually every business use, including cash flow management, company improvements, advertising, to purchase inventory or new equipment, for general working capital and so much more. The loan is not available to fund personal expenses.

    Concerning Larger Puni Business Loans

    What is the Larger Puni Business Loan?

    The Larger Business Loan is a larger amount of loan to help business expansion opportunities. Loans are between $100,000 and $500,000 for a fixed period of for up to 36 months. The repayments are made weekly or fortnightly in order to accommodate your situation.

    How is the Origination Fee calculated?

    This Larger Business Loan has an Origination Fee which is calculated at 2.5 percentage of the amount of the loan.

    Am I eligible for the Larger Business Loan?

    In order to be eligible for a loan that is this large, your business needs to have been operating for at least three years and have an annual turnover of at least $700,000. Your business must belong to a New Zealand Citizen (or Permanent Resident) at least 18 years old as well as own a New Zealand business (with a valid NZBN/IRD) and be able of proving at least 12 months of trading.

    What can I use the funding for?

    A Business Loan of a larger size is a great option for almost every business purpose including business improvements, purchasing inventory or new equipment or as general working capital and much more. The loan is not available for personal purposes.

    Is the Larger Business Loan one that requires security?

    Asset security is necessary to obtain funding above $150,000. This can be done as a result of an charge against assets, and may be registered in the PPSR or filing a caveat.

    A personal or director’s guarantee is a promise to pay back a loan that is general in nature, rather than stating the security of a specific asset. The person who signs the ensure is personally accountable if the business borrower is unable to re-pay the debt.

    The Personal Property Securities Register (PPSR) is an online central registry run by the New Zealand Government. It records security interests that have been that are registered for personal property (including the assets or goods). The PPSR grants prioritisation over property that is personal to be granted according to the date a security interest has been registered.

    An affidavit is an official document that is filed to provide the legal claim to property.

    What exactly is a preapproval without Credit Check?

    If you’re requesting the Larger Business Loan that is greater than $250K it is possible to offer an initial pre-approval to make the process. We could be able to apply for this without credit checks and within six hours of your initial application. This pre-approval is based on an initial assessment, which involves answering a couple of financial well-being questions. It is neither an offer nor a guarantee of financing. The approval of a conditional loan is subject to an extensive credit evaluation and any offer that you receive could be subject to different terms.

    Application process

    Are I eligible for funding?

    You may be eligible for an company loan if you

    • are a New Zealand Citizen (or Permanent Resident)
    • are over the age of 18 and have a New Zealand business (with a valid NZBN/IRD)
    • you must prove at least 6 months of trading (for for the unsecured loan $5K – $100K) or 3 years of continuous trading (for the Larger Business Loan $100K - $500K)

    How do I apply?

    The application process is simple and simple. Complete the online form within a few minutes and an experienced business loan specialist will contact you to assist you.

    To be eligible for up to $100,000, you’ll need identification details (valid Driver’s License) and a valid NZBN/IRD as well as at least 6 months of bank statements.

    In addition, for larger loan sizes, you’ll require:

    $100K to $250K: Information about the application 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 bank statement, an IRD statement as well as the two most recent years’ financial statements, as well as interim financials for the current financial year such as age-related payables and aged Receivables summary.

    How quickly will I receive an answer?

    For an unsecured loan ($5K up to $100,000) we typically provide an answer in just one hour – as long as you apply in standard company time and permit us to use the advanced bank verification system link to instantly verify your bank details online. If you decide to send us copies of your bank statements , we’ll be able to provide an answer within just 1 business day.

    For the Larger Business Loan ($100K and up) we may be likely to provide you with a conditional pre-approval in about 6 hours. Once you have signed the pre-approval document, you will need to wait approximately 2-3 days to receive final approval, however it could be faster based upon the circumstances for each application. Certain transactions have received approval within the space of 24 hours.

    The quickest way to apply for you to apply is ensure you apply during normal company hours, and let us use the modern bank verification link to instantly verify your bank account information online. If you decide to upload copies of your bank statements , it may take a bit longer.

    How soon will I receive the money?

    For the Small Business Loan ($5K and up) We can usually provide a response in one hour if you make your application within normal business timings and permit us to use the bank verification system to instantly verify your bank information online. If you opt to send us copies of your bank statements we can provide a decision in as little as the span of one business day.

    For Larger Business Loans ($100K to $500K) we could be likely to offer you with a conditional pre-approval in around 6 hours. Once you’ve signed the pre-approval form, it will take about 2-3 days for final approval. However, it could be faster based upon the circumstances for each application. Some agreements have been approved within less than 24 hours.

    The fastest method would be to ensure you apply during normal business hours, and allow us to use our advance bank verification to verify your bank information online. If you choose to send us the copies of bank statements it will take a little longer.

    How much can I borrow?

    We provide loan amounts between $5,000 to $500,000. If you apply for a specific amount we will consider a number of factors to determine your health that is your business as well as the amount of repayments your business will be able to support. The amount you receive from the loan will be determined by the particular circumstances for your business.

    If you apply for a specific amount we will consider a number of factors to determine your health of your business and the extent of the repayments your business is able to afford. The amount you receive from your loan will be contingent on the particular circumstances the company.

    Fees & repayments

    How much do you charge for an company loan?

    When you apply for the business credit, we will assess the risk assessment of your business and provide you with a customised offer, including the amount of loan, the term and interest rates. A business loan is a loan that is priced upfront therefore you will know the exact amount you will have to pay, including charges or interest.

    What determines the rate that I will be charged?

    Business loan interest rates vary due to variables like the amount to be borrowed, the company assets the funds are used to purchase in addition to the industry that the business is in, how long the company has been operating for, what percentage of the business has enough cash flow to cover the loan, and also the overall well-being or creditworthiness of the company.

    What are the fees?

    There aren’t any hidden charges with our business loans, and you’ll know precisely what it is that you be required to pay and when, from day one. There’s no compounding interest, and there are no additional charges (as long as you are able to make your payments punctually).

    We do not charge an Application Fee. You are able to request a credit loan with no upfront cost or commitment to apply.

    The Origination Fee covers the expenses involved 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 percentage of the amount of loan.

    Can I repay the loan early?

    You can decide to repay the total amount of your advance loan at any time.

    If you choose to do this please talk to one of our helpful business lending professionals. The experts will offer you with the details of your repayment as well as an early payout amount. It will be calculated using the sum of the principal remaining and the accrued interest up to the time of early payment plus 1.5% of the principal amount remaining and any outstanding fees.

    How do you make repayments work?

    To make sure that you don’t miss payments and to work with your cash flow cycle we offer repayments that are either weekly or daily. These are automatically withdrawn from the nominated company account.

    Security & privacy

    Will my information be secure?

    Protecting your information, and knowing how we collect information, use it, and exchange it, as well as protect your information, is crucial and is a crucial element of our relationship with you.

    Is it safe to link my bank account to the platform?

    Yes. We employ industry-recognised encryption standards to protect your sensitive, personal as well as financial data. Our funders are ISO 27001 certified for our commitment to the security of our clients as well as their security. We employ a highly sophisticated banking verification system to instantly verify the bank account details online. This allows us to provide rapid response.

    About business loans

    What exactly is an asset-based loan (a secured loan)?

    An asset-based loan is when a company owner borrows from the assets they have to secure the funding. The asset can be an asset belonging to the personal, like the family home, or it could be a business property like a truck or piece or equipment.

    The vast majority of lending institutions, not just the largest banks, are inclined to secure loans against assets. If you have trouble paying back the loan, your assets could be offered for sale by the lender. In essence it is means of securing new funding using the worth of the asset you already own.

    Should I need security to get a business loan?

    Up to $150,000 in loans the requirement for asset security is not required prior to the loan’s access However, we require a personal guarantee. need the personal guarantee. If you adhere to the terms of your loan (as specified in the loan contract), asset security is not needed. If you take out loans in excess of $150K generally, you are able to get an individual guarantee and security in the form of a charge over assets.

    Industries we currently aren't able to help with

    • Anything adult industry related
    • Auction houses and auction websites
    • Debt purchasers and debt collection firms
    • Direct marketing including direct-mail, mail order, fundraising, telemarketing etc.
    • Finance lenders or institutions
    • {Firearm businesses
    • Foreign currency exchange offerings
    • Freight forwarding & customs clearing houses
    • Gambling related industries
    • Not-for-profit organisationsincluding charities and churches etc.
    • Smash repairers & panel beaters
    • Pawnbrokers & pawn shops
    • Property developers
    • Shares, stockbrokers and investment businesses
    • Tattoo studios
    • Taxi and ride-sharing services
    • Ticket resellers and entertainment sales
    • Vehicle towing services
    • Secondhand car dealers
    • Automotive glass tintingfirms
    • Vehicle dismantlers

    While we aren’t able to help with an unsecured business loan in these types of industries, we may be able to help you by providing an secured business loan.

    NZ Business Loan Brokers Services

    Unsecured Business Loans

    Unsecured Business Loans

    Eligibility Requirements

    Eligibility Requirements

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    Apply Now

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    Contact Us

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    0800 102 591






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