An Epuni unsecured business loan is quick and easy to get. Get a quick apporval and start using the funds to grow your company.
What you can expect:
The eligibility requirements for an unsecured business loan to be made in Epuni are fairly minimal.
Call Now 0800 004 520Applying for a company credit in Epuni with us is simple and only takes some minutes, without lengthy forms or lines.
Receive approval and funds within 1-2 company days.
We are aiming to assist Epuni companies of all kinds, from small to medium-sized entrepreneurs to obtain funds quickly so that they can take advantage of loans to expand and develop.
The eligibility requirements for an unsecured business loan in Epuni of between $5K and $100K is fairly low.
Are you looking for additional funding? Find out the eligibility requirements for our $100K to $500K company credit.
The criteria to be eligible to be eligible for the larger Epuni business loans of between $100K and $500K include:
Do you need a smaller amount of capital? Check out the guidelines for eligibility for our $5K to $100K Epuni unsecured company loans.
An Epuni unsecured loan is great to use for any business purpose. Talk to us today.
Are you looking to start one of these options as early as tomorrow? Get in touch with us now or apply online to apply the fastest, most convenient way.
All that’s required to begin is your contact information (the name of your company, your name, email or phone number), how much you’d like to borrow, and your monthly earnings.
During the process and before settlement we’ll require confirmation of your identity, but not to get started:
Additionally after we get started with loans of more than $150,000 you’ll also require the following financial statements:
Let’s get started now.
With traditional and bank lenders increasing their credit requirements and the constant stream of alternative and non-bank loan providers entering the market provides a great resource to take advantage of.
Epuni SME’s are now in a position to obtain finance via other lenders in Epuni who are focused on enabling company growth or smoothing cash flow issues. The past was when private credit options (drawing equity from a house loan, or by using credit cards, personal loans and credit cards) could be the best alternative funding solutions in Epuni that were available.
There’s there is no need of having to rely on the real estate market to secure business credit. With an unsecured loan business funding is simple. Instead of a traditional term loan from a bank, business finance for a small business with interest rates and loan terms that can help with cash flow are available as business lending options.
There are many advantages associated with separating personal and business debt.
Limit your exposure, make tax time much easier. Get started with an unsecure busines loan. Make an application today.
One major benefit of keeping your private and company assets separate will be the fact that your home isn’t tied for access to the money. For a modest business loan in Epuni up to $100K an asset security agreement will not be required as long as the borrower fulfills their loan obligations.
Companies are in a stable long-term position when they can show good credit and debt serviceability.
The separation of personal as well as company finances makes it significantly more straightforward when it comes to tax time, particularly when determining what is the tax-deductible amount. Particularly when determining what is the tax deductible allocation. IRD has outlined the guidelines for the documentation required to be able to claim deductions on the tax return of a company. This is a subject that the IRD has advised specifically on.
A well-organised cash flow management system is crucial to the longevity of any company. Through keeping the personal financial and company finances distinct, businesses can easily view the situation, track and plan based on the ability to effectively determine their cash flow status.
Epuni unsecured loans offers the range of $5,000 to $100,000. The terms range between 3 and 24 months and cash flow-friendly repayments, which are either daily or weekly.
Apply to your Small Business Loan in under 10 minutes by phone. You will receive an immediate response, and the money could be on your account within 24 hours. Traditional company loans have an annual rate of interest together with additional fees and charges. This business loan is an upfront priced loan which means you be aware in advance of the total amount payable including any interest, fees or charges. Then, it is broken down into either weekly or daily repayment figure.
A Small Business Loan can be used to fulfill almost any business purpose including the management of cash flow, company improvements, advertising for purchasing inventory or new equipment, or as general working capital and so much more. The loan is not available for personal use.
The Larger Business Loan is a larger size of loan that can be used to fund company growth opportunities. The loan ranges from $100,000 to $500,000 with a term fixed that can last up to 36 months. Repayments are weekly or fortnightly in order to accommodate your cash flow.
The Larger Business Loan has an Origination Fee which is calculated at 2.5 percent of the amount of the loan.
To be eligible for a loan that is this large, your business needs to be in operation for at least 3 years with an annual turnover of $700,000. It is necessary to be a New Zealand Citizen (or Permanent Resident) at least 18 years old and have a New Zealand company (with a valid NZBN/IRD) and be able to prove at minimum 12 months of continuous trading.
A large business loan can be used to fund almost all company use, including business improvements, purchasing inventory or new equipment for general working capital and much more. The loan cannot be used for personal purposes.
Asset security is needed for funding of more than $150,000. This can be done by way of charge against assets and can include the registration of this through the PPSR or registering as 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 security over a particular asset. The person signing the ensure is personally accountable if the business creditor is unable to make the repayment.
The Personal Property Securities Register (PPSR) is an online central register operated by the New Zealand Government. It lists security interests that are which are registered with respect to personal property (including goods or assets). The PPSR permits prioritisation over property that is personal to be granted according to the date a security interest has been registered.
The caveat can be described as a formal document that is filed to provide notice of a legal claim to property.
If you’re requesting the Larger Business Loan that is greater than $250,000, we may offer a preliminary pre-approval to help smooth out the process. We might be able to do this without a credit verification and within six hours of your initial application. The pre-approval is based upon an initial assessment that includes answering a couple of financial well-being questions. It is not an offer or guarantee of financing. The approval of a conditional loan is subject to an exhaustive credit evaluation, and any offer you might receive could be on different terms.
You can apply for a company loan if you
The process for applying is fast and easy. Complete the online form within a few minutes and a dedicated company expert in lending will be in touch to guide you through the process.
To apply for up to $100,000 you’ll need the right identification documents (valid Driver’s License) along with an active NZBN/IRD, and at least six months worth of bank statements.
Otherwise, for larger loan sizes, you’ll also require:
$100K-$250K: Application requirements, including credit consent, 6 – 12 months of bank statements, IRD statement (if credit is over $150K).
$250K – $500K: Details of the application, including credit consent and 12 months bank statement, an IRD statement, last 2 years finalised financial statements, in addition to interim financial statements for the current year as well as Aged Payables and Receivables summaries.
For an unsecured loan ($5K or more) we can often provide an answer within one hour if you apply during quality company times and allow us to utilise the bank verification system to immediately verify your bank account information online. If you opt to upload copies of your bank statements we can offer an answer in as little as 1 company day.
For the Larger Business Loan ($100K or more) we may be in a position to offer you with pre-approval conditional to your application within 6 hours. Once you’ve signed the pre-approval document, you will require to wait between 2 and 3 days for the final approval. However, this may be quicker depending on the particular circumstances of 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 and allow us to use the advance bank verification link to instantly verify your bank information online. If you decide to send us duplicates of your banking statement, it takes a bit longer.
For the Small Business Loan ($5K or more) we can often offer an answer within an hour, provided you make your application at normal business timings and let us use the advanced bank verification system link to instantly verify your bank’s information online. If you want to send us copies of your bank statements, we’ll be able to offer the decision within 1 business day.
If you are applying for Larger Business Loans ($100K up to $500,000) We may be able to offer you with pre-approval conditional to your application within 6 hours. Once you have signed the pre-approval, turnaround times are about 2-3 days for final approval, however this can be faster depending on the circumstances of each application. Some agreements have been approved in 24 hours.
The fastest way for you to apply is ensure you apply during normal business hours and let us use the advance bank verification to verify your bank information online. If you upload documents from your account statements, it may take a bit longer.
We offer loans that range from $5,000 to $500,000. If you apply for a certain amount, we look at a variety of aspects that determine your well-being of your business and the amount of payments your company can support. The amount you receive from your loan will be contingent on the specific circumstances that are unique to your company.
If you apply for a certain amount, we consider a variety of elements to assess your health for your business and the level of repayments that your business can afford. The amount you receive from your loan will be determined by the specifics of your company.
When you request business loans with us company credit, we’ll assess the risk profile the business and offer you with a customised offer, including the amount of loan, the term and the interest rates. This company loan is a loan that is priced upfront so you will be aware of the total amount due, which includes any interest rates, fees or charges.
Interest rates for company loans rates depend on a variety of factors such as the amount that is borrowed, what business assets the money will be used for, the industry the business is in, how long the company has been in operation, in the event that the company has enough cash flow to fund the loan, as well as the overall health and creditworthiness of the business.
There aren’t any hidden charges for our company loans, and you’ll be aware of the amount it is that you need to pay, and at what time, from day one. There’s no compounding interest, and there are no additional charges (as as you make your payments on time).
We do not charge an application fee. You are able to apply for a loan with no cost upfront or obligation to proceed.
The Origination Fee covers the costs associated in establishing and managing the loan. The only way to pay this fee if you choose to proceed with the loan. The Origination Fee for us is 2.5 percentage of the amount of loan.
You can choose to repay the total amount of your loan at any point in time.
If you choose to pursue this option, please talk to one of our helpful company loans 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 balance and any accrued interest at the time of early payout, plus 1.5% of the remaining principal and any outstanding fees.
To make sure that you don’t miss payments and to work your cash flow schedule, we provide payments that are either daily or weekly. These are automatically withdrawn from the nominated business account.
Security of your data, and being clear about how we collect the information we collect, use, share and ensure the security of your information is vital and a vital element of our relationship with you.
Yes. We employ industry-recognised encryption techniques to protect your sensitive, personal financial information and our funders are ISO 27001 certified for our commitment to security for our clients and security. We employ an exceptionally sophisticated bank verification system that allows you to immediately confirm your bank account information online, allowing us to provide rapid response.
The term "asset-based" refers to borrowing where an company owner utilises the assets they have to obtain a loan. The asset can be an asset belonging to the personal, like the family home or a company asset such as a truck or piece or equipment.
The majority of lending institutions, including the largest banks, are inclined to guarantee loans against assets. If you are having difficulty paying back the loan, then your asset may be transferred to the lender. In essence it is means of securing new funding using the value of what you already have.
For loans of up to $150K, there is no requirement for asset security upfront to access the money, however we require a personal guarantee. require an individual guarantee. In the event that you fulfill your loan commitments (as stipulated in your loan contract document), asset security will never be needed. If you take out loans in excess of $150K generally, there is the option of a personal ensure and security in the form an asset charge.
While we aren’t able to help with an unsecure business loan for these industries, we may be able to assist you with a secured business loan.
