Services in Epuni
- Epuni Unsecured Business Loan
- Epuni Business Finance
- Business Lending Epuni
- Business Loans Epuni
- Small Business Finance Epuni
- Epuni Business Funding
- Working Capital Epuni
- Small Business Lending Epuni
- Short Term Business Loan Epuni
The criteria for eligibility for an unsecured business loan in Lower Hutt of between $5K and $100K are pretty minimal.
Are you looking for additional funding? Take a look at the guidelines for eligibility for our $100K to $500K business credit.
All that is needed to get started is your contact information (company name and your name, as well as email and telephone) along with the amount you’d like to lend, and your monthly income.
While in the process and before settlement we’ll require confirmation of who you are but not for starting:
After we start when it comes to loans that exceed $150,000, you’ll need basic financial statements:
Let’s get started.
Lower Hutt unsecured loans provides the range of $5,000 to $100,000. Terms range from 3 and 24 months. They also offer cash flow-friendly repayments that are either daily or weekly.
You can apply for the Small Business Loan in under 10 minutes on the internet or on the phone. You’ll receive a same day response and the money could be in your account in 24 hours. Traditional company loans reference an interest rate per annum together with additional fees and charges. We offer a business loan is a cash-based loan which means you be aware of the amount you will have to pay, including any interest, fees or charges. This is then broken down into weekly or daily installment amount.
It is a Small Business Loan can be used to fulfill almost any company reason, such as the management of cash flow, company renovations, marketing, to purchase inventory or 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 loan size to support company growth opportunities. Loans range from $100,000 to $500,000 with a term fixed up to 36 months. Repayments are weekly or fortnightly depending on the flow of cash.
The Larger Business Loan has an Origination Fee, which is calculated at 2.5% of the loan amount.
To be eligible for a credit in this amount the business needs to be in operation for at least 3 years, and have an annual income of $700,000. Your business must belong to a New Zealand Citizen (or Permanent Resident) at least 18 years old, own a New Zealand business (with a valid NZBN/IRD) and be able to prove at least 12 months of trading.
A large business loan can be used for almost every business need, including company renovations, purchase of inventory or new equipment, as general working capital and so much more. The loan is not available for personal purposes.
Asset security is necessary to access funding over $150,000. It is usually in the form of a charge over assets, and could include registration in the PPSR or filing a caveat.
A director’s or personal guarantee is a promise to repay credit that is general in nature rather than stipulating the security for a particular asset. The person who is signing the ensure is personally responsible if the company the borrower fails to repay the debt.
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 granted to individuals who own personal property (including the assets or goods). The PPSR grants the priority of personal property granted according to the date a registration of a security interest.
An affidavit is an official form of document to offer an official notice of a claim to a property.
If you’re applying for a Larger Business Loan that exceeds $250K we can offer an initial pre-approval to smooth out the process. We may be able to do this without credit checks and within 6 hours of the initial application. This pre-approval is based on an initial evaluation that involves the answer to a series of financial well-being checks. It is in no way an offer, nor is it a guarantee of credit. Unconditional approval is subject to an assessment of your creditworthiness and any offer you may receive may have different conditions.
You may apply for an company loan if you:
The process for applying is fast and simple. Complete the online form in few minutes and a dedicated business expert in lending will be in touch to assist you.
To apply for up $100,000, you’ll need identification details (valid Driver’s Licence) as well as a valid NZBN/IRD as well as at least six months of bank statements.
Otherwise, for larger loan sizes, you’ll need:
$100K to $250K: Application requirements, including credit approval, 6-12 months of bank statements, IRD statement (if credit is over $150K).
$250K – $500K: Application details including credit consent twelve months of bank records, IRD statements and the last two years’ finalised financial statements, as well as interim current financial year financials as well as Aged Payables and Receivables summary.
For an unsecured loan ($5K and up) We can usually provide an answer in just one hour, provided you apply at standard business timings and you allow us to use the advanced bank verification system link to instantly verify your bank information online. If you opt to submit copies of your bank statements , we’ll be able to provide a decision in just one company day.
If you are applying for a Larger Business Loan ($100K and up) we may be in a position to provide you with pre-approval conditional to your application in about 6 hours. After you’ve signed the pre-approval form, it will take between 2 and 3 days for the final approval. However, this can be quicker based on the particular circumstances of each application. Some offers have been approved in 24 hours.
The quickest method for you to apply is make sure you apply during standard business hours. You can also permit us to use the advance bank verification to verify your bank account information online. If you choose to upload the copies of bank statement, it can take a bit longer.
For the Small Business Loan ($5K to $100K) we can often offer an answer in just one hour – provided you apply during standard business time and permit us to make use of the advanced bank verification system to immediately verify your bank account information online. If you opt to send us copies of your bank statements we can offer the decision in just 1 business day.
For the Larger Business Loans ($100K up to $500,000) we may be capable of offer the conditional pre-approval within about 6 hours. Once you have 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. Certain deals have been approved within just 24 hours.
The most effective method is to ensure you apply during normal business hours, and permit us to use the modern bank verification to verify your bank account information online. If you decide to upload documents from your account statements it will take a little longer.
We provide the loan amount between $5,000 and $500,000. If you apply for a certain amount, we look at a variety of variables for determining your well-being for your company and the level of repayments that your business can afford. The total amount of your loan will be contingent on the particular circumstances for your company.
When you apply for a certain amount, we will consider a number of factors to assess how much we can lend you such as health of the business and the amount of repayments that your business will be able to support. The amount you receive from your loan will be contingent on the particulars the company.
When you make an application for business loans with us business credit, we’ll assess the risk assessment that you have for your business and provide you with a customised offer including the amount of the loan, the duration and interest rates. The business loan is an upfront-priced loan so you will be aware of the total amount payable including any charges or interest.
Interest rates for company loans rates depend on several factors including the amount of money borrowed, the business assets the funds are used to purchase in addition to the industry that the company is in, how long the company has been in operation for, what percentage of the business has enough cash flow to fund the loan, as well as the overall well-being and creditworthiness of the business.
There are no hidden costs for our company loans. You’ll know precisely what it is that you be required to pay, and when, right from day one. There’s no compounding and no additional fees (as long as you are able to make your payments in time).
We do not charge an application fee. You can get a cash loan absolutely no upfront cost and no obligation to proceed.
The Origination Fee is the cost associated with the setting up and management of the loan. It is only charged for this fee if you proceed with the loan. Our Origination Fee is 2.5% of the amount of loan.
You can repay the total amount of your loan in full at any time.
If you do decide to take this route, please call our helpful business credit specialists. They’ll offer you with repayment details as well as an early payout amount. This will be calculated as the total of the principal balance and the accrued interest up to the time of the early payout, plus 1.5 percent of the remaining principal plus any outstanding fees.
In order to help you avoid missing repayments and to fit in with your cash flow standard, we provide repayments either weekly or daily. They will be automatically deducted from the nominated business account.
The security of your personal information, as well as making it clear how we collect, use, exchange and secure your information, is of huge importance and is a crucial element of our relationship with you.
Yes. We employ industry-recognised encryption techniques to protect your personal, sensitive as well as financial data. Our funders are ISO 27001 qualified for our dedication to protecting the security of clients and privacy. We utilise a sophisticated banking verification system to instantly verify your bank account details online, allowing us to offer a fast response.
Asset-based borrowing occurs when an company owner makes use of an asset that they own to get the loan. The asset may be an individual asset, such as the family home, or it could be a business asset like a truck or other piece of machinery.
The majority of lending institutions, even the largest banks, are inclined to make loans secured by an asset. If you’re having trouble paying back the loan, the asset might be transferred to the lender. In essence, it’s means of securing new financing by using the worth of the asset you already own.
For loans of up to $150K, there is no requirement for asset security in advance to gain access to the funds, however we do need a personal guarantee. In the event that you fulfill your loan commitments (as specified in your loan contract document) the security of assets will never be needed. For loans over $150K typically, you will need a personal guarantee and security that is in the form the charge of assets.
