An Epuni unsecured business loan is quick and easy to apply for. Request a quick approval and use the money for your business.
What you can expect:
The conditions for eligibility for an unsecured business loan within Epuni are fairly minimal.
Call Now 0800 004 520Requesting a business credit within Epuni with us is simple and only takes less than a minute, with no mountains of paperwork or queues.
Get approved and receive your cash within 1 to 2 company days.
We want to assist Epuni companies of all kinds, including medium, small and even entrepreneurs to obtain funds quickly so that they can take advantage of loans to build and expand their business.
The requirements for obtaining an unsecured business loan in Epuni of between $5K and $100K is fairly low.
Are you looking for additional funding? Review the conditions of eligibility for our $100K-$500K business financing.
The criteria for eligibility of loans from larger Epuni business loans of between $100K and $500K are:
Are you looking for a lower amount of funding? Take a look at the conditions for eligibility for our $5K to $100K Epuni unsecured business loans.
An Epuni unsecured loan is ideal for almost any company need. Contact us now.
Do you want to start working on one of these options as early as tomorrow? Get in touch with us today or send an application online to get the fastest and most efficient process.
All that’s required to begin is your contact information (company name, your name, email, phone) along with the amount you’d like to borrow and your monthly income.
In the course of the process and before settlement we’ll need confirmation of who you are, however, not in order to begin:
Additionally after we get started in the process, for loans that exceed $150,000, you’ll need basic financial statements.
Let’s get started now.
With traditional and bank lenders increasing their credit requirements as well as the continuous stream of non-bank and alternative loan providers entering the market offers the perfect source to make use of.
Epuni SME’s are now being able to get finance from alternative lenders that service Epuni who are focused on enabling company growth or smoothing out problems with cash flow. In the past private credit options (drawing equity from the home loan, or using credit cards or personal loans, as well as credit cards) could be the best alternative funding solutions within Epuni that were available.
There is now no need in the present to rely on using real estate to secure business loan. With an unsecured loan, business funding is simple. Instead of a term loan with a bank, business finance for an SME with interest rates and loan terms that can help to manage cash flow are around as business loan options.
There are many benefits in separating personal from business debt.
Lower your risks, make the tax process more simple, apply for an unsecure loan for business. Make an application today.
One major benefit of keeping your private and business assets separate can be that your home does not have to be tied to the funds. If you’re looking for a small business loan within Epuni up to $100K the security of assets won’t be required as long as the borrower meets their loan obligations.
Companies are in a advantageous long-term situation if they have a good credit or debt serviceability.
Separating personal and company finances makes it significantly more straightforward when it comes to tax time - particularly when determining what is the tax-deductible allocation. Particularly when determining what is the tax deductible allocation. IRD has set out the guidelines for the documentation required in order to deduct deductions from an individual’s tax return. This is an area that the IRD have specifically advised on.
Effective cash flow management is crucial to the long-term viability of any company. Through keeping the personal financial and business finances separate, businesses can easily view their cash flow, plan and monitor it based on the ability to clearly assess their cash flow position.
Epuni unsecured loans provides the range of $5,000 to $100,000. Terms range from 3 and 24 months and cash flow friendly repayments that are either daily or weekly.
The application for the Small Business Loan in under 10 minutes by phone. You will receive an immediate response, and funds may be available in just 24 hours. Traditional business loans are based on an annual rate of interest along with other charges and fees. The company loan is a loan that is priced upfront therefore you’ll be aware in advance of the total amount due, which includes any fees, interest or charges. Then, it is broken down into a daily or weekly amount to be paid back.
A Small Business Loan can be used for nearly every business use, including cash flow management, business remodeling, marketing to purchase inventory or new equipment, or as general working capital, and much more. The loan is not available for personal purposes.
The Larger Business Loan is a larger size loan to aid in company growth opportunities. Loans range between $100,000 and $500,000 over a fixed term up to 36 months. Repayments are scheduled weekly or fortnightly to work with you cashflow.
A Larger Business Loan has an Origination Fee, which is calculated at 2.5 percentage of the loan amount.
To qualify for a loan in this amount the business needs to be in operation for at least 3 years and have an annual turnover of $700,000. Your company must belong to a New Zealand Citizen (or Permanent Resident) with a minimum age of 18 years old as well as own a New Zealand company (with a valid NZBN/IRD) and be able of proving at the least 12 months of operating.
A larger business loan can be used to fund almost all business reason, such as company remodeling, buying inventory or new equipment, as general working capital and much more. The loan is not available for personal reasons.
Asset security is necessary for accessing funds over $150,000. This can be done in the form of a charge against assets, which could also include registering this in the PPSR or the registration of as a caveat.
A personal or director’s guarantee is a promise to repay credit that is general in nature, rather than stating security over an asset. The person signing the ensure is personally liable if the business creditor is unable to make the repayment.
The Personal Property Securities Register (PPSR) is an online central register run by the New Zealand Government. It contains security interests granted to individuals who own personal property (including the assets or goods). The PPSR grants the priority of personal property assigned in accordance with the date on which a registration of a security interest.
Caveats are legal form of document to offer an official notice of a claim against a property.
When you’re applying for larger company loans that exceeds $250,000 we may be able to provide an initial pre-approval in order to ease the process. We might be able to get this done without a credit check and within six hours of your initial application. The pre-approval process is based on an initial assessment, which involves answering a couple of financial health questions. It’s not an offer or guarantee of finance. Acceptance without condition is subject to an extensive credit evaluation and any offer that you may receive may be subject to different conditions.
You may be eligible for an business loan if you
The application process is quick and easy. Just complete the online application in few minutes and an experienced company lending specialist will call you to assist you.
To apply for up to $100,000 you’ll need proof of identity (valid Driver’s License) and an NZBN/IRD that is valid and at least 6 months of bank statements.
For larger loan sizes, you’ll require:
$100K-$250K: Information about the application including credit consent, 6-12 months of IRD statements, bank statements (if credit is over $150K).
$250K-$500K: Details for application including credit consent, 12 month bank accounts, the IRD statement, last 2 years finalised financial statements, plus interim financials from the current financial year including Aged Payables, Aged Receivables summaries.
For an unsecured loan ($5K or more) we can often provide a response in one hour if you apply within quality company times and you allow us to utilise the bank verification system link to immediately verify your bank account information online. If you decide to upload copies of your banking statement, we’ll offer a decision within 1 business day.
For the Larger Business Loan ($100K and up) we may be in a position to provide you with a conditional pre-approval in around 6 hours. After you’ve signed the pre-approval, the turnaround time is about 2-3 days for final approval. However, it could be faster based upon the circumstances for each application. Some transactions have received approval in the space of 24 hours.
The fastest way for you to apply is ensure you apply during standard company hours. Also, permit us to use the modern bank verification to verify your bank information online. If you decide to upload duplicates of your banking statement, it takes a bit longer.
For the Small Business Loan ($5K or more) we can often offer an answer in just one hour if you make your application within normal business time and permit us to make use of the advanced bank verification system link to immediately verify your bank account information online. If you choose to send us copies of your bank statements, we are able to offer the decision in as little as the span of one business day.
For the Larger Business Loans ($100K and up) we could be likely to provide you with a conditional pre-approval within six hours. After you’ve signed the pre-approval, the turnaround time is between 2 and 3 days for the final approval. However, it could be faster based upon the circumstances for each application. Some deals have been approved within 24 hours.
The fastest method would be to make sure you apply during normal business hours and let us use the advanced bank verification system to instantly verify your bank account information online. If you choose to send us documents from your account statements it can take a bit longer.
We offer loans that range from $5,000 and $500,000. When you make an application for a certain amount we will consider a number of elements for determining how much we can lend you health that is your company as well as the amount of repayments that your company will be able to support. The total amount of the loan will be determined by the particular circumstances for your company.
When you apply for a particular amount, we will consider a number of aspects to determine the health for your company and the level of repayments that your business can afford. The total amount of your loan will be contingent on the specifics of your company.
When you request the business loans, we will assess the risk profile of your business and offer you with a customised offer including loan amount, term and interest rates. The company loan is an upfront priced loan which means you be aware in advance 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 of money borrowed, the company assets the funds will be used for as well as the field the business is in, how long the business has been running for, in the event that the business has sufficient cash flow to pay for the loan, and the overall well-being or creditworthiness of the business.
There are no hidden fees for our business loans, and you’ll know precisely how much you’ll be required to pay and at what time, from day one. There’s no compounding and there are no additional charges (as as you make your payments on time).
We do not charge an application fee. You can make an application for loans with without any upfront costs or the obligation to take action.
The Origination Fee covers the costs associated with the setting up and management of the loan. It is only charged for this cost if you take out the loan. The Origination Fee for us is 2.5 percentage of the amount of loan.
You can choose to repay all of your loan in full at any time.
If you are deciding to take this route, please call our helpful company credit professionals. We will offer you with details for repayment and an early payment figure. This will be calculated as the sum of the principal remaining and the accrued interest up to the time of the early payout in addition to 1.5 percent of the principal amount remaining and any fees that remain unpaid.
To ensure you do not miss payment dates and to align with your cash flow routine, we offer repayments either daily or weekly. These are automatically deducted from your designated company account.
The security of your personal information, as well as being clear about the ways we gather the information we collect, use, share and secure your information, is crucial and is a crucial element of our relationship with you.
Yes. We make use of industry-standard encryption standards to secure your personal, sensitive as well as financial data. Our funders are ISO 27001 qualified for our dedication to security for our clients and security. We utilise a sophisticated bank verification system link to instantly confirm your bank account information online so we can offer quick responses.
Asset-based borrowing is when the business owner borrows from an asset that they own to get a loan. The asset could be an individual property, such as the family home, or it could be a company asset like a truck or piece of equipment.
The vast majority of lenders, even the major banks, prefer to guarantee loans against an asset. If you’re having trouble paying back the loan, your asset may be taken over by the lender. In essence, it’s means of securing new funding using the worth of the asset you already have.
For loans up to $150,000 the requirement for asset security is not required in advance to gain access to the funds However, we do need a personal guarantee. As long as you follow your loan commitments (as stipulated in your loan contract document) Asset security is not needed. For loans that exceed $150K, generally, you can get the option of a personal ensure and security in the form charges on assets.
While we aren’t able to help with an unsecured business loan in the above industries, we might be able to assist by providing secured business loan.
