A Puni unsecured business loan is quick and simple to get. Request a quick approval and begin using the money to grow your business.
You can expect:
The criteria for eligibility for an unsecured business loan in Puni are fairly minimal.
Call Now 0800 004 520The process of applying for a business financing in Puni with us is easy and takes just a few minutes, no lengthy forms or lines.
Receive approval and money within 1 – 2 company days.
Our purpose is to assist Puni companies of all kinds, including medium, small and even entrepreneurs to obtain quick funding so that they can make use of the loan to build and expand their business.
The criteria for eligibility for an unsecured business loan in Puni of between $5K and $100K are fairly minimal.
Are you looking for additional funding? Find out the eligibility requirements for our $100K-$500K company financing.
The criteria to be eligible in larger Puni company loans of between $100K and $500K are:
Are you looking for a lower amount of capital? Find out the conditions for eligibility for our $5K to $100K Puni unsecured business loans.
A Puni unsecured loan is great for almost every company need. Talk to us today.
Do you want to start working on one of these options as early as tomorrow? So, contact us now or apply online for the quickjest fasted way.
All that’s needed to get started is your contact details (company name, your name, email or phone number) as well as the amount you’d like to borrow and your monthly earnings.
In the course of the process and before settlement we’ll require confirmation of who you are but not before we can begin:
Once we’ve started in the process, for loans greater than $150,000 you’ll need basic financial statements:
Let’s get started now.
With traditional and bank lenders tightening their credit terms and the constant stream of alternative and non-bank loan providers entering the market provides a great resource to take advantage of.
Puni SME’s are now capable of accessing finance through other lenders in Puni who are focused on enabling company growth or smoothing out the cash flow problems. The past was when the personal sources of credit (drawing equity from the home loan, or using credit cards and personal loans as well as credit cards) could be the best alternative financing services within Puni that were around.
There’s no requirement of having to rely on real estate to secure business loan. With an unsecured loan, business funding is made simple. Instead of a term loan with a bank, business finance for an SME with interest rates and loan terms that help to manage cash flow are available as business credit options.
There are many benefits with separating personal and business debt.
Lower your risks, and make tax times much easier. Get started with an unsecured busines loan. Make an application today.
The main benefit of keeping your individual and business assets apart can be that your house isn’t tied to access the funds. For a small business loan within Puni up to $100K asset security won’t be needed as long as the borrower meets their loan obligations.
Businesses are in a more favourable long-term position if they can show good credit and debt capacity to pay.
The separation of personal as well as business finances makes it more seamless in the event of tax time - particularly when identifying what is the tax deductible allocation. The IRD has outlined the requirements for evidence to be able to claim deductions on an individual’s tax return. This is an area the IRD has specifically advised on.
Effective cash flow management is vital to the long-term viability that of any business. By keeping personal and business finance separate, businesses can easily view, monitor and plan based on their ability to easily determine their cash flow status.
Puni unsecured loans offers the range of $5,000 to $100,000, with terms ranging from 3 and 24 months. They also offer cash flow friendly repayments which can be made daily or weekly.
The application to your Small Business Loan in under 10 minutes via the internet or over the phone, receive an answer within the same day and the money could be in your account in 24 hours. Traditional company loans reference an annual interest rate plus other fees and charges. We offer a business loan is an upfront priced loan so you will be aware of the total amount payable including the interest, fees and charges. This is then broken down into either a daily or weekly payment amount.
A Small Business Loan can be used for nearly every company use, including control of cash flow company renovations, marketing for purchasing inventory or new equipment, to fund general working capital, and much more. The loan cannot be used for personal purposes.
The Larger Business Loan is a larger size of loan that can be used to fund company growth opportunities. Loans range between $100,000 and $500,000 with a term fixed up to 36 months. Repayments are either weekly or fortnightly, depending on you cashflow.
The Larger Business Loan has an Origination Fee, determined at 2.5 percent of the amount of the loan.
To be eligible for a credit in this amount, your business needs to be operating for at least three 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 or have a New Zealand business (with a valid NZBN/IRD) and be able to demonstrate at minimum 12 months of continuous trading.
A Business Loan of a larger size can be used for nearly every business reason, such as business remodeling, buying inventory or new equipment as well as for general working capital and much more. The loan cannot be used for personal use.
Asset security is necessary for accessing funds over $150,000. It’s by way of charge over assets and can include the registration of this on the PPSR or registering a caveat.
A director’s or personal ensure is a commitment to repay a loan which is general in nature rather than specifying the security of a specific asset. The person who signs the guarantee is personally liable in the event that the company the borrower fails to make the repayment.
The Personal Property Securities Register (PPSR) is a central, national online register run by the New Zealand Government. It contains security interests registered in respect of personal property (including items or assets). The PPSR grants preference over private property granted in accordance with the date on which a security interest was registered.
Caveats are legal form of document to provide the legal claim on a property.
If you’re seeking larger company loans that exceeds $250K it’s possible to offer an initial pre-approval to ease the process. We might be able to make this decision without a credit check, and within six hours of your initial application. The pre-approval is based upon an initial evaluation that involves you answering a few financial health checks. It is neither an offer nor a guarantee of credit. Acceptance without condition is subject to an assessment of your creditworthiness and any offer you might receive could be based on different terms.
You may be eligible for a company loan if you
The application process is simple and easy. Just fill out the online application in just a few minutes, and an experienced company loan specialist will call you to assist you.
For a loan of up to $100,000 you’ll require proof of identity (valid Driver’s Licence) as well as a valid NZBN/IRD and at least six months worth of bank statements.
In addition, for larger loan sizes, you’ll need:
$100K-$250K: Details of application, including credit consent, 6-12 months of IRD statements, bank statements (if credit is over $150K).
$250K to $500K: Application details including credit consent as well as 12 months of bank records, IRD statements Last 2 years’ finalised financial statements, plus interim current financial year financials including Aged Payables, Aged Receivables summaries.
For an unsecured loan ($5K to $100K) We can usually offer an answer within one hour – as long as you apply at quality company times and allow us to utilise the advanced bank verification system link to immediately verify your bank account information online. If you opt to upload copies of your bank statements we can offer a decision within an business day.
If you are applying for a Larger Business Loan ($100K or more) we might be likely to offer the conditional pre-approval within 6 hours. After you’ve signed the pre-approval, the turnaround time is between 2 and 3 days for the final approval. However, this could be shorter based on the circumstances of each application. Certain agreements have been approved in 24 hours.
The quickest way to apply is to ensure you apply during normal business hours, and allow us to use the advanced bank verification system link to instantly verify your bank account information online. If you opt to upload copies of your bank accounts, it takes a bit longer.
For the Small Business Loan ($5K up to $100,000) we can often provide an answer in just one hour, provided you submit your request within standard business time and allow us to make use of 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 as little as one business day.
For the Larger Business Loans ($100K or more) we might be capable of provide you with pre-approval conditional to your application within six hours. Once you’ve signed your pre-approval document, you will need to wait around 2-3 days for final approval. However, it could be faster based upon the circumstances for each application. Some offers have been approved within less than 24 hours.
The quickest method is to make sure you apply during standard business hours and allow us to use the sophisticated bank verification link to confirm your bank details online. If you send us the copies of bank statements it can take a bit longer.
We provide the loan amount between $5,000 and $500,000. When you submit an application for a certain amount we will consider a number of factors in order to assess the health of the business as well as the amount of repayments your company can support. The amount you receive from the loan will be determined by the specific circumstances of your company.
When you apply for a certain amount, we take into consideration a variety of elements to assess the well-being of the business and the amount of payments your company can afford. The amount you receive from your loan will be contingent on the particulars of your company.
When you apply for the business loan, we’ll assess the risk profile for your business and offer you with a customised proposal that includes the amount of the loan, the duration and interest rates. This company loan is an upfront cost loan which means you be aware in advance of the total amount payable including any charges or interest.
Business loan interest rates vary due to factors like the amount of money of money borrowed, the company assets the money will be used for, the industry the business is operating in, how long the business has been running for, how long the business has enough cash flow to support the loan, and the overall well-being or creditworthiness of the company.
There aren’t any hidden charges for our business loans, and you’ll know precisely how much you need to pay and at what time, from the first day. There’s no compounding and no extra fees (as as long as you pay your payments in time).
We don’t charge an application fee. You are able to get a cash loan with no cost upfront or any obligation to sign up.
The Origination Fee includes the expenses associated in establishing and managing the loan. You are only charged this fee if you choose to proceed with the loan. The Origination Fee for us is 2.5% of the amount of loan.
You can decide to repay the entire amount of the advance loan at any time.
If you are deciding to take this route, please talk to one of our helpful company lending experts. They’ll offer you with the details of your repayment along with an early payout estimate. This will be calculated as the total of the remaining principal amount plus any accrued interest as of the time of the early payout and 1.5 percent of the remaining principal and any outstanding fees.
To make sure that you don’t miss payment dates and to align with your cash flow cycle we offer repayments either weekly or daily. They are automatically deducted from your designated business account.
Security of your data, and being upfront about how we collect information, use it, and exchange it, as well as ensure the security of your information is of paramount importance and is an essential element of our relationship with you.
Yes. We use industry recognised encryption protocols to safeguard your personal, sensitive financial and other data. Our funders are ISO 27001 qualified for our dedication to the security of our customers as well as their security. We utilise a sophisticated bank verification system to instantly verify the bank account details online. This allows us to provide a fast response.
Asset-based borrowing occurs when the business owner uses the assets they have to get a loan. The asset can be either a personal asset like the family home or a company asset such as a truck or piece or equipment.
The majority of the lenders including the largest banks, are inclined to make loans secured by an asset. If you’re having trouble paying back the loan, the asset could be taken over by the lender. In essence it’s a way of securing new funding using the value of what you already own.
For loans up to $150,000 no asset security is required in advance to gain access to the funds, however we do need an individual guarantee. If you adhere to your loan commitments (as specified in your loan contract document) the security of assets will never be required. For loans of over $150K typically, you will need personal guarantee and security is provided in the form of the charge of assets.
Although we cannot assist with an unsecured business loan in those industries, we might be able to help you by providing a secured business loan.
