Services in Epuni
- Unsecured Business Loans Epuni
- Epuni Business Finance
- Business Lending Epuni
- Epuni Business Loans
- Epuni Small Business Finance
- Epuni Business Funding
- Working Capital Epuni
- Small Business Lending Epuni
- Short Term Business Loan Epuni
The eligibility requirements for an unsecured business loan in Lower Hutt of between $5K to $100K are quite minimal.
Are you looking for additional funding? Review the conditions of eligibility for our $100K-$500K company loans.
All that is needed to start is your contact information (company name, your name, email address and telephone), how much you’d like to borrow and your monthly revenue.
During the process and before settlement we’ll require confirmation of who you are, however, not in order to begin:
Once we’ve started, for loans of more than $150,000 you’ll also need fundamental financial statements:
Let’s get started.
Lower Hutt unsecured loans provides amounts of between $5,000 and $100,000, with terms ranging from 3 and 24 month and cash flow-friendly repayments that are either daily or weekly.
Apply to this Small Business Loan in under 10 minutes online or over the phone. You’ll get an instant response and the funds could be on your account within 24 hours. Traditional company loans have an interest rate per annum together with additional fees and charges. Our business loan is a loan that is priced upfront therefore you’ll be aware in advance of the amount you will have to pay, including any fees, interest or charges. Then, it is divided into weekly or daily payment amount.
The Small Business Loan can be used for virtually any company purpose including control of cash flow company remodels and marketing to purchase inventory or new equipment, to fund general working capital and so much more. The loan cannot be used to fund personal expenses.
The Larger Business Loan is a larger size of loan that can be used to fund business growth opportunities. Loans range between $100,000 and $500,000 with a term fixed that can last up to 36 months. Repayments are either weekly or fortnightly to work with the flow of cash.
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 qualify for a loan that is this large 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) with a minimum age of 18 years old, own a New Zealand company (with a valid NZBN/IRD) and be able demonstrate at the least 12 months of operating.
A Larger Business Loan can be used for almost all company purpose including company renovations, purchase of equipment or inventory or as general working capital, and much more. The loan cannot be used for personal purposes.
Asset security is required for funding of more than $150,000. This is as a result of an charge on assets, and may include registration through the PPSR or registering as a caveat.
A personal or director’s guarantee is a commitment to pay back a loan that is general in nature, rather than stipulating security over an asset. The person who signs the ensure is personally responsible if the company borrower is unable to re-pay the debt.
The Personal Property Securities Register (PPSR) is a central, national online register operated by the New Zealand Government. It lists security interests that are that are registered for personal property (including items or assets). The PPSR gives preference over private property assigned according to the date the security interest has been registered.
An affidavit is an official document that is filed to offer notice of a legal claim on a property.
If you’re requesting a Larger Business Loan of more than $250K we may be able to provide an initial pre-approval in order to simplify the process. It is possible to get this done without credit checks and within 6 hours of your initial application. This pre-approval is made based on an initial assessment, which involves you answering some financial health questions. It is neither an offer nor a guarantee of funds. A conditional approval is subject a full credit assessment and any offer that you are offered could be subject to different terms.
You can apply for a business loan if you
The application process is simple and simple. Simply complete the online form in few minutes and an experienced business loan specialist will be in touch to help you.
To be eligible for up to $100,000, you’ll require the right identification documents (valid Driver’s Licence) along with a valid NZBN/IRD and at least six months worth of bank statements.
Otherwise, for larger loan sizes, you’ll need:
$100K-$250K: Application details including credit consent, 6-12 months of IRD statements, bank statements (if loan above $150K).
$250K – $500K: Information on the application including credit consent and 12 months of bank statements, IRD statement, last 2 years finalised financial statements, as well as interim financial statements for the current year such as age-related payables and aged Receivables summaries.
For an unsecured loan ($5K up to $100,000) we typically provide an answer in just one hour if you submit your request at standard business timings and permit us to make use of the advanced bank verification system to instantly verify your bank’s information online. If you decide to upload copies of your banking statements we can offer the decision in as little as 1 business day.
For the Larger Business Loan ($100K and up) we may be likely to offer you with conditional pre-approval in about six hours. Once you have signed the pre-approval form, it will take around 2-3 days for final approval, however this can be quicker based on the specifics of each application. Certain transactions have received approval within less than 24 hours.
The quickest method is to make sure you apply during normal business hours. Also, permit us to use the advanced bank verification system to verify your bank account information online. If you opt to upload documents from your account statements it will take a little longer.
For the Small Business Loan ($5K and up) we typically provide an answer within an hour if you make your application at normal business hours and let us utilise the advanced bank verification system to instantly verify your bank details online. If you decide to submit copies of your bank statement, we’ll offer the decision in just 1 business day.
For the Larger Business Loans ($100K to $500K) we might be able to offer the conditional pre-approval within six hours. Once you’ve signed your pre-approval, the turnaround time is between 2 and 3 days for the final approval, however this can be faster depending on the specifics of each application. Certain transactions have received approval in the space of 24 hours.
The fastest way is to ensure you apply during normal business hours and allow us to use our sophisticated bank verification link to instantly verify your bank account information online. If you opt to send us copies of your bank statements it will take a little longer.
We provide the loan amount between $5,000 and $500,000. When you submit an application for a specific amount we look at a variety of variables to determine how much we can lend you well-being of your company and the level of payments your business can afford. The amount you receive from your loan will depend on the specifics that are unique to your company.
If you apply for a certain amount, we look at a range of elements to assess how much we can lend you such as health of the business and the level of payments your company can support. The amount you receive from your loan will depend on the particulars the business.
If you decide to make an application for our company credit, we will assess the risk profile of your business and provide you with a customised proposal that includes the loan amount, the terms and interest rates. A company loan is an upfront cost loan and you’ll know the exact amount you will have to pay, including costs, fees, or interest rates.
Interest rates for business loans rates differ based on various variables like the amount to be of money borrowed, the company assets the money are used to purchase, the industry the business operates in, the long the business has been running for, what percentage of the business has sufficient cash flow to fund the loan, and the overall well-being as well as creditworthiness business.
There aren’t any hidden charges for our company loans, and you’ll know precisely how much it is that you be required to pay, and at what time, from the very first day. There’s no compounding interest, and there are no additional charges (as long as you make your payments on time).
We do not charge an Application Fee. You can apply for a loan with with no upfront cost or the obligation to take action.
The Origination Fee covers the expenses involved with the setting up and management of the loan. This is only a cost if you take out the loan. The Origination Fee for us is 2.5 percent of the amount of the loan.
You can decide to repay the total amount of your loan at any point in time.
If you choose to do this please speak to our friendly business lending experts. They’ll provide you with details for repayment along with an early payout estimate. This is calculated as the sum of the remaining principal amount plus any accrued interest as of the date of early payout, plus 1.5 percent of the principal amount remaining and any outstanding fees.
To ensure that you don’t miss payments and to work your cash flow schedule, we offer repayments that are either daily or weekly. These are automatically deducted from your business account.
The security of your personal information, as well as being clear about how we collect, use, exchange and safeguard your data, is of paramount importance and is an essential part of our relationship you.
Yes. We employ industry-recognised encryption techniques to protect your personal, sensitive financial and other data. Our funders are ISO 27001 certified for our dedication to customer security and privacy. We employ a highly sophisticated banking verification system to instantly verify your bank account details online to provide rapid response.
Asset-based borrowing occurs when the company owner makes use of an asset they own to make a loan. The asset may be a personal asset like the family home, or a company asset such as a truck or other piece of machinery.
The majority of banks, not just the largest banks, are inclined to guarantee loans against assets. If you have trouble paying back the loan then the asset could be sold by the lender. In essence it’s means of securing new funding using the worth of the asset you already have.
For loans of up to $150K, there is no requirement for asset security upfront to access the money however, we do need the personal guarantee. In the event that you fulfill your loan commitments (as specified in your loan contract document) and you are able to meet your obligations, asset security is not required. For loans over $150,000 typically, you will need personal guarantee and security in the form of charges on assets.
