Services in Epuni
- Unsecured Business Loan Epuni
- Business Finance Epuni
- Business Lending Epuni
- Epuni Business Loans
- Epuni Small Business Finance
- Business Funding Epuni
- Epuni Working Capital
- Small Business Lending Epuni
- Short Term Business Loan Epuni
The criteria for eligibility for an unsecured business loan in Lower Hutt of between $5K and $100K are fairly minimal.
Do you need more money? Check out the guidelines for eligibility for our $100K to $500K business financing.
All that’s needed to begin is your contact details (company name and your name, as well as email, phone) and the amount you want to borrow, as well as your monthly income.
While in the process and before settlement we’ll need confirmation of your identity, however, not in order to begin:
Additionally after we get started in the process, for loans over $150,000 you’ll require basic financial statements:
Let’s get started now.
Lower Hutt unsecured loans provides the range of $5,000 to $100,000 with terms between 3 and 24 month and cash flow friendly repayments which can be made daily or weekly.
Apply to get your Small Business Loan in under 10 minutes on the internet or on the phone. You’ll receive an answer within the same day and the money could be in your account within 24 hours. Traditional company loans have an annual rate of interest plus other fees and charges. This business loan is an upfront priced loan therefore you’ll be aware in advance of the total amount payable including any interest, fees or charges. This is then broken down into weekly or daily repayment figure.
A Small Business Loan can be used for nearly every company purpose including the management of cash flow, business improvements, advertising to purchase inventory, new equipment, for general working capital, and much more. The loan is not available for personal purposes.
The Larger Business Loan is a larger loan size to support company expansion opportunities. Loans range between $100,000 and $500,000 with a fixed-term with a maximum of 36 months. Repayments are scheduled weekly or fortnightly to work with you cashflow.
This Larger Business Loan has an Origination Fee, which is determined at 2.5% of the loan amount.
To qualify for a loan in this amount the business needs to be operating for at least three years, and have an annual income of $700K. You must be a New Zealand Citizen (or Permanent Resident) over 18 years and have a New Zealand company (with a valid NZBN/IRD) and be able of proving at least 12 months of trading.
A Business Loan of a larger size can be used to fund almost every business purpose including business improvements, purchasing equipment or inventory or as general working capital and much more. The loan cannot be used for personal purposes.
Asset security is necessary for funding of more than $150,000. This can be done as a result of an charge on assets, and could be registered with the PPSR or filing a caveat.
A personal or director’s ensure is a guarantee to pay off a credit line that is general in nature, rather than defining the security for a particular asset. The person signing the guarantee is personally liable if the company lender is not able to repay the debt.
The Personal Property Securities Register (PPSR) is an online central registry run by the New Zealand Government. It contains security interests which are registered with respect to personal property (including the assets or goods). The PPSR permits priority over personal property to be assigned depending on the date that a registration of a security interest.
A caveat is a legal form of document to provide the legal claim on a property.
When you’re applying for an enterprise loan that exceeds $250,000, we may offer an initial pre-approval that will help smooth out the process. We could be able to make this decision without credit checks and within 6 hours of the initial application. This pre-approval is based on an initial assessment, which involves you answering a few financial health checks. This is not an offer of credit or guarantee of finance. A conditional approval is subject an extensive credit evaluation and any offer that you receive could have different terms.
You may be eligible for a company loan if you:
The process for applying is fast and simple. Complete the online form in just a few minutes, and a dedicated company lending specialist will call you to guide you.
To apply for up $100,000 you’ll need identification details (valid Driver’s License) as well as an active NZBN/IRD, and at least six months of bank statements.
Otherwise, for larger loan sizes, you’ll also require:
$100K-$250K: Details of application, including credit approval, 6-12 months of IRD statements, bank statements (if loan above $150K).
$250K to $500K: Details for application including credit consent as well as 12 months of bank records, IRD statement Last 2 years’ finalised financial statements, plus interim financials for the current financial year, Aged Payables and Aged Receivables reports.
For an unsecured loan ($5K or more) we usually offer a response in one hour if you apply within quality company hours and allow us to make use of the advanced bank verification system to instantly verify your bank details online. If you want to send us copies of your bank statements , we are able to provide a decision within just 1 company day.
For Larger Business Loans ($100K or more) we may be likely to offer you with pre-approval conditional to your application within about six hours. After you’ve signed your pre-approval document, you will need to wait around 2-3 days for final approval. However, this could be shorter based upon the circumstances for each application. Certain agreements have been approved within 24 hours.
The most efficient method can be make sure you apply during standard company hours. Also, permit us to use the advance bank verification to verify your bank information online. If you decide to send us documents from your account statements , it will take a little longer.
For the Small Business Loan ($5K and up) we can often offer an answer within an hour if you submit your request within normal business hours and let us make use of the advanced bank verification system link to instantly verify your bank details online. If you want to submit copies of your bank statement, we’ll offer the decision in as little as one business day.
For the Larger Business Loans ($100K to $500K) We may be likely to provide the conditional pre-approval in about six hours. After you’ve signed the pre-approval, the turnaround time is approximately 2-3 days to receive final approval. However, this may be quicker depending on the specifics of each application. Some transactions have received approval in 24 hours.
The most effective method for you to apply is make sure you apply during normal business hours and allow us to use the advance bank verification link to confirm your bank details online. If you send us duplicates of your banking accounts, it may take a bit longer.
We offer loans that range from $5,000 and $500,000. If you apply for a specific amount we look at a variety of variables for determining your health that is your business as well as the amount of repayments that your business will be able to support. The total amount of your loan will be contingent on the particular circumstances of your business.
When you apply for a specific amount we consider a variety of aspects to assess how much we can lend you such as health of the company as well as the amount of repayments that your business can afford. The total amount of your loan will be contingent on the specific circumstances the business.
If you decide to apply for our company loans, we will assess the risk assessment for 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 cost loan therefore you will be aware in advance of the total amount to be paid, including any interest rates, fees or charges.
Interest rates for company loans rates vary due to variables like the amount to be borrowed, what business assets the funds will be used for and the sector the business operates in, the long the business has been operating, what percentage of the business has sufficient cash flow to support the loan, and the overall health or creditworthiness of the company.
There aren’t any hidden costs with our company loans, and you’ll know precisely what you need to pay and when, from the first day. There’s not any compounding interest and no extra fees (as long as you make your payments punctually).
We do not charge an application fee. You can request a credit loan with no cost upfront or obligation to proceed.
The Origination Fee is the cost associated with establishing and managing the loan. You are only charged this cost if you take out the loan. The Origination Fee for us is 2.5% of the amount of the loan.
You can choose to repay the entire amount of your loan at any point in time.
If you are deciding to pursue this option, please call our helpful business loans experts. We will offer you with details for repayment along with an early payout estimate. This will be calculated as the total of the principal remaining and accrued interest to the time of the early payout plus 1.5 percent of the principal amount remaining plus any outstanding fees.
To make sure you do not miss due dates and also to be in line your cash flow schedule, we offer repayments that are either weekly or daily. These are automatically withdrawn from your nominated company account.
Security of your data, and knowing how we collect, use, exchange and protect your information, is crucial and is an essential aspect of our relationship with you.
Yes. We make use of industry-standard encryption techniques to protect your sensitive, personal as well as financial data. Our funders are ISO 27001 certified for our dedication to protecting the security of clients and privacy. We employ a highly sophisticated bank verification system that allows you to immediately verify your bank account details online, allowing us to provide an immediate response.
Asset-based borrowing is when a company owner utilises assets they own to obtain the funding. The asset could be an individual property, such as the family home or it could be a business asset like a truck or piece of equipment.
The vast majority of the lenders not just the big banks, tend to secure loans against an asset. If you have trouble paying back the loan, then your asset may be sold by the lender. In essence it’s means of securing new financing taking advantage of the value of what you already have.
For loans of up to $150,000, it is not necessary to secure assets prior to the loan’s access However, we do require a personal guarantee. If you adhere to your loan commitments (as stipulated in your loan contract document) and you are able to meet your obligations, asset security will never be needed. For loans that exceed $150K, typically, you will need the option of a personal guarantee and security is provided in the form of the charge of assets.
