Services in Puni
- Unsecured Business Loan Puni
- Puni Business Finance
- Business Lending Puni
- Puni Business Loans
- Small Business Finance Puni
- Business Funding Puni
- Working Capital Puni
- Puni Small Business Lending
- Short Term Business Loan Puni
The requirements for getting an unsecured business loan in Auckland of between $5K and $100K is fairly low.
Looking for more funding? Check out the conditions of eligibility for our $100K-$500K business credit.
All you need to get started is your contact details (the name of your company, your name, email and telephone) along with the amount you’d like to lend, and your monthly earnings.
Through the process and before settlement we will need confirmation of your identity, but not for starting:
Once we’ve started when it comes to loans of more than $150,000 you’ll also require basic financial statements:
Let’s get started.
Auckland unsecured loans offers amounts between $5,000 and $100,000. The terms range between 3 and 24 months. They also offer cash flow friendly repayments which can be made daily or weekly.
Apply to get your Small Business Loan in under 10 minutes online or by phone. You will receive a same day response and the money could be available in just 24 hours. Traditional business loans are based on an interest rate per annum together with additional fees and charges. This company loan is an upfront priced loan so you will know ahead of time the total amount payable including the interest, fees and charges. Then, it is broken down into either weekly or daily repayment figure.
It is a Small Business Loan can be used to fulfill almost any business purpose including managing cash flows, company improvements, advertising to purchase inventory or new equipment, or as general working capital and much more. The loan is not available for personal use.
The Larger Business Loan is a larger amount of loan to help business growth opportunities. The loan ranges from $100,000 to $500,000 for a fixed period of up to 36 months. Repayments are scheduled weekly or fortnightly, depending on your situation.
This Larger Business Loan has an Origination Fee, determined at 2.5 percent of the amount of the loan.
In order to be eligible for a loan of this size, your company needs to have been in operation for at least 3 years and have an annual turnover of $700K. The applicant must also be a New Zealand Citizen (or Permanent Resident) at least 18 years old and have a New Zealand business (with a valid NZBN/IRD) and be able to prove at minimum 12 months of business.
A Larger Business Loan can be used for almost every business need, including company remodeling, buying equipment or inventory as well as for general working capital and so much more. The loan is not available for personal purposes.
Asset security is needed to access funding over $150,000. This can be done by way of charge against assets, and could include registration on the PPSR or registering a caveat.
A personal or director’s ensure is a guarantee to repay a loan which is generally based rather than stipulating the security of a specific asset. The person who signs the guarantee is personally liable in the event that the business lender is not able to make the repayment.
The Personal Property Securities Register (PPSR) is a central, national online register that is operated by the New Zealand Government. It lists security interests that are which are registered with respect to personal property (including objects or assets). The PPSR gives priority over personal property to be assigned depending on the date that a security interest that is registered.
An affidavit is an official form of document to offer notice of a legal claim to property.
If you’re applying for larger business loans that exceeds $250K, we may offer an initial pre-approval to simplify the process. We could be able to get this done without a credit check and within six hours of your initial application. The pre-approval is based upon a preliminary assessment which includes you answering a few financial well-being questions. It is not an offer of credit or guarantee of credit. A conditional approval is subject an extensive credit evaluation and any offer that you receive could be on different conditions.
You can apply for an business loan if you
The application process is quick and simple. Just fill out the online application within a couple minutes, and a dedicated business credit specialist will call you to guide you.
To apply for up to $100,000, you’ll need the right identification documents (valid Driver’s License) as well as a valid NZBN/IRD and at least 6 months’ worth of bank statements.
If you’re looking for loans with larger sizes, you’ll also need:
$100K to $250K: Application details including credit approval, 6-12 months of IRD statements, bank statements (if loan above $150K).
$250K to $500K: Information on the application including credit consent as well as 12 months bank statement, an IRD statements as well as the two most recent years’ financial statements, in addition to interim financial statements for the current year including Aged Payables, Aged Receivables reports.
For an unsecured loan ($5K to $100K) we can often provide an answer in just one hour, provided you submit your request during standard business hours and let us utilise the advanced bank verification system to immediately verify your bank account information online. If you want to submit copies of your bank statement, we’ll provide a decision within just 1 business day.
For the Larger Business Loan ($100K or more) we may be likely to provide the conditional pre-approval within about 6 hours. Once you’ve signed the pre-approval, the turnaround time is around 2-3 days for final approval, however this may be quicker depending upon the circumstances for each application. Some transactions have received approval within less than 24 hours.
The quickest method can be make sure you apply during standard company hours. Also, permit us to use the advanced bank verification system link to verify your bank account information online. If you send us copies of your bank statement, it takes a bit longer.
For the Small Business Loan ($5K up to $100,000) we can often offer a response in one hour if you apply at normal business timings and let us utilise the advanced bank verification system link to immediately verify your bank account information online. If you choose to submit copies of your bank statements we can provide a decision in as little as an business day.
If you are applying for Larger Business Loans ($100K to $500K) we may be able to offer you with conditional pre-approval in around 6 hours. Once you’ve signed the pre-approval, turnaround times are approximately 2-3 days to receive final approval. However, this can be faster depending on the specifics of each application. Some agreements have been approved within just 24 hours.
The quickest method is to ensure you apply during standard business hours. Also, allow us to use the modern bank verification to instantly check your bank’s information online. If you decide to send us the copies of bank statement, it may take a bit longer.
We offer loan amounts between $5,000 and $500,000. When you make an application for a specific amount we look at a variety of aspects for determining how much we can lend you well-being of the company and the level of repayments that your business will be able to support. The amount you receive from your loan will depend on the specific circumstances for your company.
When you apply for a specific amount we take into consideration a variety of variables to assess your health of the business and the extent of payments your company will be able to support. The total amount of your loan will be determined by the particular circumstances of your company.
When you request business loans with us business loans, we’ll assess the risk assessment for your company and offer an individualised proposal that includes the amount of the loan, the duration and interest rates. It is a business loan is an upfront cost loan and you’ll know the exact amount to be paid, including any interest rates, fees or charges.
Interest rates for company loans rates depend on a variety of factors including the amount borrowed, what company assets the money are used to purchase as well as the field the business operates in, how long the company is in operation and whether the company has sufficient cash flow to cover the loan, and overall well-being and creditworthiness of the company.
There are no hidden costs for our company loans. You’ll know precisely what it is that you need to pay, and when, from the day you sign up. There’s no compounding and no extra fees (as as you make your payments in time).
We don’t charge an application fee. You are able to apply for a loan with without any upfront costs or commitment to apply.
The Origination Fee is the cost associated in establishing and managing the loan. This is only a fee if you decide to take the loan. The Origination Fee for us is 2.5 percentage of the amount of the loan.
You may choose to pay back all of your loan in full at any time.
If you are deciding to do this please call our helpful company loan experts. The experts will provide you with repayment details as well as an early payout amount. This will be calculated as the sum of the principal amount remaining and any accrued interest at the date of early payout and 1.5% of the principal amount remaining and any outstanding fees.
To ensure that you don’t miss payment dates and to align your cash flow schedule, we offer repayments either weekly or daily. They are automatically deducted from your business account.
Security of your data, and knowing the ways we gather the information we collect, use, share and ensure the security of your information is of huge importance and a vital element of our relationship with you.
Yes. We use industry recognised encryption standards to protect your sensitive, personal as well as financial data. Our funders are ISO 27001 certified for our dedication to protecting the security of customers and privacy. We employ a highly sophisticated bank verification system to instantly verify your bank account details online. This allows us to provide an immediate response.
Asset-based borrowing occurs when the company owner makes use of the assets they have to make the funding. The asset could be an individual property, such as the family home or a company asset such as a vehicle or other piece of machinery.
The majority of lenders, even the major banks, prefer to secure loans against assets. If you’re having trouble paying back the loan then the asset could be taken over by the lender. In essence, it’s means of securing new funding using the value of what you already own.
Up to $150,000 in loans no asset security is required in advance to gain access to the funds however, we do require the personal guarantee. If you adhere to the loan terms (as detailed in your loan contract) the security of assets will never be needed. For loans that exceed $150,000, generally there is a personal ensure and security in the form of charges on assets.
