An Epuni unsecured business loan is simple and quick to get. Apply for a loan quickly and begin using the money in your business.
What to expect:
The conditions for eligibility for an unsecured business loan to be made in Epuni are fairly minimal.
Call Now 0800 004 520Making an application for an business loan in Epuni with us is easy and takes only some minutes, without long lines of paperwork or waiting in line.
Get approved and receive your funds within 1 to 2 company days.
We are aiming to assist Epuni businesses of all kinds, from small to medium-sized soloprenuers to get access to money quickly, so that they can make use of the loan to build and expand their business.
The requirements for getting an unsecured business loan in Epuni of between $5K to $100K are quite minimal.
Need more funds? Check out the eligibility requirements for our $100K to $500K business financing.
The criteria to be eligible of the larger Epuni company loans of between $100K and $500K include:
Do you need a smaller amount of money? Check out the guidelines for eligibility for our $5K-$100K Epuni unsecured business loans.
An Epuni unsecured loan is ideal for virtually every business use. Get in touch with us today.
Do you want to start working on one of these as soon as tomorrow? Get in touch with us or apply online now to apply the fastest, most convenient way.
All that’s required to start is your contact information (company name, your name, email address and phone) as well as the amount you’d like to lend, and your monthly income.
During the process and before settlement we’ll need confirmation of your identity but not for starting:
Additionally after we get started with loans over $150,000 you’ll require basic financial statements.
Let’s get started.
With banks and traditional lenders increasing their credit requirements The steady flow of alternative and non-bank loan providers entering the market provides the perfect source for you to tap into.
Epuni SME’s are now capable of accessing finance through other lenders in Epuni who are focused on facilitating company expansion or smoothing problems with cash flow. In the past, the personal sources of credit (drawing equity from the house loan or credit cards, personal loans and loans) could be the best alternative financing services within Epuni that were around.
There is now no requirement to depend on the real estate market to secure company credit. With an unsecured loan business funding is made simple. Instead of a loan for a term with a bank, business finance for an SME with interest rates and loan terms that can help in cash flow are available as business credit options.
There are numerous benefits with separating personal and business debt.
Reduce your risk, make the tax process simpler, start with an unsecure loan for business, apply today.
One big drawcard for keeping your personal and company assets separate is that your home isn’t tied to the funds. In the case of a business loan within Epuni up to $100K the security of assets won’t be needed as long as the borrower is able to meet their loan obligations.
Companies will be in a advantageous long-term situation if they have a good credit or debt serviceability.
The separation of personal as well as company financial accounts makes it more seamless when it comes to tax time - particularly when identifying what is the tax deductible allocation. Particularly when determining what is the tax deductible allocation. IRD has outlined the guidelines on the proof required to claim deductions on an organisation’s tax return. This is an area where the IRD has advised specifically on.
Effective cash flow management is crucial to the long-term viability for any company. By keeping personal and business finances distinct, businesses can easily view, monitor and plan based on the ability to effectively assess their cash flow position.
Epuni unsecured loans offers amounts between $5,000 and $100,000. Terms range from 3 and 24 months. They also offer cash flow friendly repayments that are either daily or weekly.
Apply for the Small Business Loan in under 10 minutes on the internet or over the phone, receive an answer within the same day and funds may be in your account within 24 hours. Traditional business loans refer to an annual rate of interest plus other fees and charges. This company loan is an upfront priced loan therefore you’ll know ahead of time the total amount payable including the interest, fees and charges. This is then broken down into weekly or daily installment amount.
A Small Business Loan can be used to fulfill almost every company use, including managing cash flows, company improvements, advertising to purchase inventory, new equipment, to fund general working capital and much more. The loan cannot be used for personal use.
The Larger Business Loan is a larger size loan to aid in company expansion opportunities. Loans are between $100,000 and $500,000 over a fixed term with a maximum of 36 months. Repayments are scheduled weekly or fortnightly, depending on you cashflow.
This Larger Business Loan has an Origination Fee, which is calculated at 2.5% of the amount of the loan.
In order to be eligible for a loan in this amount, your business needs to be operating for at least three years with an annual turnover of $700K. It is necessary to be a New Zealand Citizen (or Permanent Resident) over 18 years, own a New Zealand business (with a valid NZBN/IRD) and be able of proving at least 12 months of trading.
A large company loan can be used to fund almost any company purpose including business renovations, to purchase equipment or inventory for general working capital and much more. The loan is not available for personal purposes.
Asset security is necessary to obtain funding above $150,000. It is usually as a result of an charge against assets and can include registration through the PPSR or filing as a caveat.
A personal or director’s ensure is a promise to pay back a loan that is general in nature, rather than specifying security over an asset. The person who signs the ensure is personally liable in the event that the business borrower is unable to repay 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 granted to individuals who own personal property (including items or assets). The PPSR gives priority over personal property to be assigned in accordance with the date on which a security interest was registered.
A caveat is a legal form of document to offer an official notice of a claim on a property.
If you’re applying for the Larger Business Loan of more than $250,000 we may be able to provide an initial pre-approval that will help ease the process. We could be able to make this decision without credit checks and within six hours of your initial application. The pre-approval process is based on a preliminary assessment which includes you answering a few financial well-being questions. It is neither an offer nor a guarantee of financing. A conditional approval is subject an extensive credit evaluation and any offer you may receive may be based on different terms.
You can apply for a company loan if you
The process for applying is fast and simple. Just complete the online application in few minutes and an experienced business expert in lending will contact you to guide you.
To be eligible for up to $100,000 you’ll need proof of identity (valid Driver’s Licence) and an active NZBN/IRD, and at least 6 months of bank statements.
In addition, for larger loan sizes, you’ll also require:
$100K to $250K: Application requirements, including credit consent, 6 – 12 months of bank statements, IRD statement (if credit is over $150K).
$250K to $500K: Information on the application including credit consent, 12 months bank statement, an IRD statements Last 2 years’ finalised financial statements, and interim financial statements for the current year as well as Aged Payables and Receivables summaries.
For an unsecured loan ($5K to $100K) we usually provide an answer in just one hour, provided you submit your request within quality company time and permit us to make use of the advanced bank verification system to instantly verify your bank details online. If you want to send us copies of your bank statement, we’ll offer the decision in just the span of one company day.
For the Larger Business Loan ($100K to $500K) we might be capable of offer you with a conditional pre-approval within about 6 hours. After you’ve signed your pre-approval document, you will require to wait around 2-3 days for final approval, however this could be shorter based on the particular circumstances of each application. Certain transactions have received approval in just 24 hours.
The most effective method can be make sure you apply during standard company hours. Also, permit us to use the advanced bank verification system link to instantly check your bank’s information online. If you send us duplicates of your banking statements it takes a bit longer.
For the Small Business Loan ($5K and up) We can usually offer an answer in just one hour – as long as you apply in normal business time and you allow us to utilise the advanced bank verification system to instantly verify your bank’s information online. If you opt to upload copies of your banking statements, we are able to provide the decision within one business day.
For the Larger Business Loans ($100K to $500K) we may be likely to provide you with pre-approval conditional to your application in about six hours. After you’ve signed the pre-approval, the turnaround time is approximately 2-3 days to receive final approval, however this may be quicker depending upon the circumstances for each application. Some deals have been approved in less than 24 hours.
The fastest method would be to make sure you apply during standard business hours. Also, permit us to use the advanced bank verification system to instantly verify your bank information online. If you choose to upload duplicates of your banking accounts, it will take a little longer.
We offer the loan amount between $5,000 to $500,000. When you make an application for a certain amount, we will consider a number of aspects to determine your health that is your business and the extent of repayments your business will be able to support. The amount you receive from your loan will depend on the particular circumstances that are unique to your business.
When you apply for a specific amount we consider a variety of elements to determine how much we can lend you such as health for your business as well as the amount of repayments your business will be able to support. The total amount of your loan will be determined by the particulars the business.
If you decide to request the business loans, we will assess the risk profile for your business and offer you with a customised offer that includes the amount of loan, the term and the interest rates. The business loan is a loan that is priced upfront and you’ll know in advance the total amount due, which includes any charges or interest.
Business loan interest rates differ based on various factors including the amount borrowed, the company assets the money will be used for in addition to the industry that the company operates in, how long the company has been in operation as well as whether the company has sufficient cash flow to cover the loan, as well as the general health and creditworthiness of the company.
There aren’t any hidden costs with our company loans, and you’ll know precisely what you’ll be required to pay, and at what time, from the day you sign up. There’s no compounding interest, and the loan comes with no additional fees (as as you make your payments punctually).
We do not charge an Application Fee. You can apply for a loan no cost upfront or any obligation to sign up.
The Origination Fee covers the costs associated with establishing and managing the loan. You are only charged this cost if you take out the loan. The Origination Fee for us is 2.5% of the loan amount.
You can choose to repay the entire amount of your loan at any point in time.
If you do decide to do this please speak to our friendly business lending professionals. They will provide you with details for repayment as well as an early payout amount. This is calculated as the sum of the remaining principal amount and any accrued interest at the time of the early payout, plus 1.5 percent of the principal amount remaining plus any outstanding fees.
In order to help you avoid missing repayments and to fit in your cash flow schedule, we offer repayments that are either weekly or daily. They are automatically deducted from your designated company account.
The security of your personal information, as well as being upfront about the ways we gather the information we collect, use, share and protect your information, is of paramount importance and an integral part of our relationship you.
Yes. We employ industry-recognised encryption standards to protect your personal, sensitive financial and other data. Our funders are ISO 27001 qualified for our dedication to security for our customers and security. We utilise a sophisticated banking verification system to instantly verify the bank account details online. This allows us to provide an immediate response.
The term "asset-based" refers to borrowing where a business owner uses an asset they own to secure the funding. The asset can be an individual asset, such as the family home, or an company asset like a truck or piece or equipment.
The vast majority of lending institutions, including the major banks, prefer to make loans secured by assets. If you have trouble paying back the loan, the asset might be sold by the lender. In essence, it is the process of securing new financing making use of the value of what you already own.
For loans up to $150,000 the requirement for asset security is not required upfront to access the money but we require a personal guarantee. require a personal guarantee. As long as you follow your loan commitments (as stipulated in your loan contract document) the security of assets is not needed. For loans that exceed $150K, generally there is personal guarantee and security in the form of a charge over assets.
Although we can’t help with an unsecure business loan for those industries, we might be able to assist with the secured business loan.
