Services in Epuni
- Epuni Unsecured Business Loans
- Epuni Business Finance
- Epuni Business Lending
- Epuni Business Loans
- Small Business Finance Epuni
- Epuni Business Funding
- Epuni Working Capital
- Epuni Small Business Lending
- Short Term Business Loan Epuni
The criteria for eligibility for an unsecured business loan in Lower Hutt of between $5K and $100K are pretty minimal.
Are you looking for additional funding? Check out the guidelines for eligibility for our $100K to $500K company credit.
All that’s needed to start is your contact information (the name of your company, your name, email, phone), how much you’d like to borrow, and your monthly earnings.
In the course of the process and before settlement we will need confirmation of who you are but not before we can begin:
Additionally after we get started with loans that exceed $150,000, you’ll need the following financial statements:
Let’s get started now.
Lower Hutt unsecured loans offers amounts of between $5,000 and $100,000, with terms ranging from 3 and 24 months. They also offer cash flow-friendly repayments which can be made daily or weekly.
You can apply for this Small Business Loan in under 10 minutes online or by phone. You will receive an instant response and have the funds on your account within 24 hours. Traditional business loans refer to an annual rate of interest as well as other fees and charges. The company loan is a loan that is priced upfront so you will be aware of the total amount payable including any fees, interest or charges. Then, it is broken down into either a daily or weekly repayment figure.
It is a Small Business Loan can be used for almost any business reason, such as control of cash flow company renovations, marketing to purchase inventory or new equipment, or as general working capital and so much more. The loan is not available for personal reasons.
The Larger Business Loan is a larger size loan to aid in business expansion opportunities. Loans range between $100,000 and $500,000 over a fixed term for up to 36 months. Repayments are scheduled weekly or fortnightly in order to accommodate you cashflow.
It is important to note that the Larger Business Loan has an Origination Fee, which is calculated at 2.5 percent of the amount of the loan.
To qualify for a loan that is this large, your company needs to be trading for at least 3 years, and have an annual income of $700K. You must be a New Zealand Citizen (or Permanent Resident) over 18 years as well as own a New Zealand company (with a valid NZBN/IRD) and be able demonstrate at minimum 12 months of continuous trading.
A larger company loan can be used for almost all business use, including company renovations, purchase of inventory or new equipment as well as for general working capital and much more. The loan is not available for personal use.
Asset security is required for accessing funds over $150,000. It’s as a result of an charge on assets, which could also include registration with the PPSR or filing as a caveat.
A director’s or personal ensure is a guarantee to pay off a credit line that is general in nature rather than stipulating the security of a specific asset. The person signing the guarantee is personally liable in the event that the business 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 granted to individuals who own personal property (including objects or assets). The PPSR gives prioritisation over property that is personal to be assigned in accordance with the date on which a security interest that is registered.
A caveat is a legal document lodged to offer notice of a legal claim to property.
When you’re applying for the Larger Business Loan that exceeds $250,000 it is possible to offer a preliminary pre-approval to help smooth out the process. We could be able to make this decision without a credit check, and within six hours of your initial application. The pre-approval is based upon a preliminary assessment which includes answering a couple of financial health questions. It’s neither an offer nor a guarantee of finance. Acceptance without condition is subject to an exhaustive credit evaluation, and any offer you are offered could be subject to different terms.
You are eligible to apply for an company loan if you
The application process is fast and simple. Complete the online form within a couple minutes, and an experienced company loan specialist will contact you to guide you.
To be eligible for up to $100,000, you’ll require proof of identity (valid Driver’s Licence), a valid NZBN/IRD and at least six months worth of bank statements.
Otherwise, for larger loan sizes, you’ll need:
$100K to $250K: Information about the application including credit approval, 6-12 months of IRD statements, bank statements (if loan above $150K).
$250K to $500K: Application details including credit consent twelve months of bank records, IRD statement Last 2 years’ finalised financial statements, and interim financial statements for the current year such as age-related payables and aged Receivables reports.
For an unsecured loan ($5K or more) we usually provide a response in one hour – as long as you submit your request at standard company timings and let us utilise the bank verification system link to immediately verify your bank account information online. If you decide to send us copies of your bank statement, we’ll provide the decision in as little as 1 company day.
For the Larger Business Loan ($100K up to $500,000) we could be capable of offer the conditional pre-approval within about 6 hours. Once you have signed the pre-approval form, it will take between 2 and 3 days for the final approval. However, this can be quicker based upon the circumstances for each application. Some deals have been approved in the space of 24 hours.
The quickest method is to ensure you apply during normal company hours. You can also permit us to use the advance bank verification link to verify your bank information online. If you decide to send us documents from your account accounts, it may take a bit longer.
For the Small Business Loan ($5K and up) We can usually offer an answer in just one hour if you apply within standard business time and allow us to utilise 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 will be able to offer a decision within the span of one business day.
If you are applying for Larger Business Loans ($100K or more) we could be in a position to provide you with conditional pre-approval in about six hours. Once you’ve signed your pre-approval document, you will need to wait about 2-3 days for final approval, however it could be faster based upon the circumstances for each application. Some offers have been approved in just 24 hours.
The fastest method would be to ensure you apply during normal business hours. Also, allow us to use our modern bank verification to instantly verify your bank account information online. If you opt to send us duplicates of your banking statements, it will take a little longer.
We provide loans ranging from $5,000 and $500,000. When you make an application for a certain amount we look at a variety of factors that determine how much we can lend you well-being for your business as well as the amount of the repayments your company can afford. The amount you receive from the loan will be determined by the particular circumstances of your business.
When you make an application for a particular amount, we look at a range of factors to determine the health of the company as well as the amount of repayments your business can support. The amount you receive from your loan will be determined by the specifics the business.
If you decide to apply for business loans with us business credit, we’ll assess the risk profile of your company and offer you with a customised proposal that includes the amount of the loan, the duration and interest rates. This business loan is an upfront cost loan which means you know in advance the total amount due, which includes any interest rates, fees or charges.
Business loan interest rates depend on several factors such as the amount that is borrowed, the company assets the funds are used to purchase and the sector the company operates in, the long the company has been in operation and in the event that the company has sufficient cash flow to fund the loan, and also the general health and creditworthiness of the company.
There are no hidden fees for our business loans, and you’ll be aware of the amount you’ll need to pay and when, from the day you sign up. There’s no compounding and the loan comes with no additional fees (as as long as you pay your payments punctually).
We don’t charge an Application Fee. You are able to get a cash loan with no cost upfront or any obligation to sign up.
The Origination Fee covers the expenses involved with establishing and managing the loan. The only way to pay this fee if you proceed with the loan. Our Origination Fee is 2.5% of the amount of loan.
You can decide to repay the entire amount of the loan at any point in time.
If you choose to do this please call our helpful company lending experts. They’ll provide you with the details of your repayment as well as an early payout amount. This will be calculated as the sum of the principal balance and any accrued interest at the time of the early payout, plus 1.5% of the remaining principal as well as any outstanding fees.
In order to help you avoid missing repayments and to fit in your cash flow cycle we provide payments that are either weekly or daily. These are automatically withdrawn from your business account.
The security of your personal information, as well as knowing how we collect, use, exchange and secure your information, is crucial and is an essential aspect of our relationship with you.
Yes. We utilise industry-recognised encryption standards to protect your personal, sensitive financial information and our funders are ISO 27001 certified for our commitment to the security of our customers as well as their privacy. We use an advanced bank verification system link to immediately verify your bank account details online to offer rapid response.
Asset-based borrowing is when the company owner utilises an asset they own to secure the funding. The asset can be an individual property, such as the family home or an business asset like a truck or piece of equipment.
The majority of the lenders not just the largest banks, are inclined to make loans secured by an asset. If you are having difficulty paying back the loan, your assets could be offered for sale by the lender. In essence it is an opportunity to secure new financing by using the worth of the asset 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 require a personal guarantee. require an individual guarantee. As long as you follow your loan obligations (as stipulated in the loan contract) the security of assets will never be required. For loans of over $150K typically, you will need the option of a personal ensure and security is provided in the form of the charge of assets.
