Services in Epuni
- Unsecured Business Loan Epuni
- Epuni Business Finance
- Epuni Business Lending
- Epuni Business Loan
- Small Business Finance Epuni
- Business Funding Epuni
- Working Capital Epuni
- Small Business Lending Epuni
- Epuni Short Term Business Loan
The requirements for getting an unsecured business loan in Lower Hutt of between $5K and $100K is fairly low.
Need more funds? Take a look at the guidelines for eligibility for our $100K-$500K company loans.
All that’s required for starting is your contact information (the name of your company, your name, email and phone), how much you want to borrow, and your monthly income.
In the course of the process and before settlement we will require confirmation of your identity but not for starting:
Once we’ve started with loans of more than $150,000 you will also need the following financial statements:
Let’s get started now.
Lower Hutt unsecured loans provides amounts of between $5,000 and $100,000. The terms range between 3 and 24 months and cash flow friendly repayments which can be made daily or weekly.
Apply to your Small Business Loan in under 10 minutes on the internet or on the phone. You’ll receive an instant response and the funds could be available in just 24 hours. Traditional company loans are based on an annual rate of interest plus other fees and charges. Our business loan is an upfront priced loan therefore you’ll know in advance the total amount to be paid, including any interest, fees or charges. This is then divided into a daily or weekly installment amount.
A Small Business Loan can be used for nearly any company need, such as cash flow management, company remodels and marketing, to purchase inventory or new equipment, or as general working capital and so much more. The loan cannot be used for personal use.
The Larger Business Loan is a larger size of loan that can be used to fund business growth opportunities. The loan ranges from $100,000 to $500,000 with a term fixed for up to 36 months. Repayments are either weekly or fortnightly, depending on your cash flow.
A Larger Business Loan has an Origination Fee, determined at 2.5 percent of the loan amount.
To qualify for a loan that is this large, your business needs to have been in operation for at least 3 years and have an annual turnover of at least $700,000. The applicant must also be a New Zealand Citizen (or Permanent Resident) who is over the age of 18 and have a New Zealand business (with a valid NZBN/IRD) and be able of proving at minimum 12 months of business.
A Business Loan of a larger size can be used to fund almost any business use, including business improvements, purchasing equipment or inventory, as general working capital and much more. The loan is not available for personal use.
Asset security is required to access funding over $150,000. It is usually by taking a charge against assets, and could include registration in the PPSR or registering as a caveat.
A personal or director’s ensure is a commitment to pay back a loan that is generally in nature rather than defining security over a particular asset. The person who is signing the ensure is personally responsible if the business borrower is unable to make the repayment.
The Personal Property Securities Register (PPSR) is an online, central registry run by the New Zealand Government. It lists security interests that are that are registered for personal property (including items or assets). The PPSR permits preference over private property assigned in accordance with the date on which a registration of a security interest.
A caveat is a legal document that is filed to provide an official notice of a claim to property.
If you’re applying for an enterprise loan that is greater than $250,000 it is possible to offer an initial pre-approval in order to make the process. We may be able to apply for this without a credit check and within 6 hours of your initial application. This pre-approval is made based on an initial assessment that includes the answer to a series of financial well-being questions. This is not an offer of credit or guarantee of finance. A conditional approval is subject an exhaustive credit evaluation, and any offer you are offered could be based on different terms.
You can apply for a company loan if you
The application process is quick and simple. Just complete the online application within a few minutes and a dedicated business credit specialist will call you to help you.
To be eligible for up to $100,000, you’ll require ID details (valid Driver’s License), an active NZBN/IRD, and at least six months worth of bank statements.
Otherwise, for larger loan sizes, you’ll also need:
$100K to $250K: Application requirements, including credit consent, 6 – 12 months of bank statements, IRD statement (if credit is over $150K).
$250K – $500K: Details for application including credit consent twelve month bank accounts, the IRD statements as well as the two most recent years’ financial statements, and interim financials from the current financial year, Aged Payables and Aged Receivables Summary.
For an unsecured loan ($5K or more) we can often offer a response in one hour – as long as you make your application at standard company times and permit us to utilise the bank verification system to instantly verify your bank details online. If you decide to send us copies of your bank statements , we are able to provide an answer in just one company day.
For the Larger Business Loan ($100K up to $500,000) we might be likely to offer you with a conditional pre-approval within about six 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 circumstances of each application. Certain offers have been approved within just 24 hours.
The quickest way to apply is to ensure you apply during normal company hours. Also, allow us to use our modern bank verification to instantly confirm your bank details online. If you send us duplicates of your banking statements , it can take a bit longer.
For the Small Business Loan ($5K to $100K) we typically offer an answer within one hour, provided you make your application within standard business timings and permit us to utilise the advanced bank verification system to immediately verify your bank account information online. If you want to upload copies of your bank statement, we’ll offer an answer within the span of one business day.
For Larger Business Loans ($100K and up) we could be able to provide the conditional pre-approval within about 6 hours. Once you’ve signed your pre-approval document, you will need to wait between 2 and 3 days for the final approval. However, it could be faster based on the specifics of each application. Certain deals have been approved within less than 24 hours.
The fastest method for you to apply is ensure you apply during normal business hours. You can also let us use the sophisticated bank verification to verify your bank information online. If you send us copies of your bank statement, it may take a bit longer.
We offer loan amounts between $5,000 and $500,000. When you make an application for a certain amount we look at a variety of variables in order to assess how much we can lend you health of your business and the amount of the repayments your business will be able to support. The amount you receive from the loan will be determined by the specific circumstances that are unique to your company.
When you make an application for a particular amount, we will consider a number of aspects to assess the health of your company and the extent of repayments that your company can afford. The amount you receive from the loan will be determined by the particulars for your company.
When you apply for one of our company financing, we will assess the risk profile that you have for your company and provide you with a customised proposal that includes the amount of the loan, the duration and interest rates. This business loan is an upfront-priced loan so you will know the exact amount to be paid, including any charges or interest.
The interest rates on company loans rates depend on a variety of factors such as the amount that is borrowed, what business assets the funds will be used for and the sector the company operates in, how long the business has been operating, how long the business has enough cash flow to support the loan, and overall well-being and creditworthiness of the company.
There aren’t any hidden costs for our business loans, and you’ll know exactly how much you’ll need to pay and when, starting from the first day. There’s no compounding interest and the loan comes with no additional fees (as as you make your payments punctually).
We don’t charge an Application Fee. You are able to request a credit loan with absolutely no upfront cost and no the obligation to take action.
The Origination Fee covers the costs associated with setting up and managing the loan. You are only charged this fee if you proceed with the loan. The Origination Fee for us is 2.5 percent of the amount of loan.
You can repay all of your loan early at any time.
If you do decide to do this please speak to our friendly company loan professionals. We will offer you with details on repayment as well as an early payout amount. This is calculated as the total of the principal remaining and accrued interest to the date of early payout and 1.5 percent of the principal balance as well as any outstanding fees.
To help you avoid missing payment dates and to align with your cash flow cycle we offer repayments that are either daily or weekly. These are automatically withdrawn from your designated business account.
Making sure that your information is secure, and being upfront about how we collect the information we collect, use, share and ensure the security of your information is crucial and an integral part of our relationship you.
Yes. We utilise industry-recognised encryption techniques to protect your personal, sensitive financial information and our funders are ISO 27001 certified for our dedication to protecting the security of customers and privacy. We employ a highly sophisticated bank verification system link to instantly confirm your bank account information online, allowing us to offer rapid response.
An asset-based loan is when a company owner makes use of assets they own to make the loan. The asset could be an asset belonging to the personal, like the family home, or a business asset such as a vehicle or piece or equipment.
The majority of banks, even the big banks, tend to guarantee loans against assets. If you have trouble paying back the loan, the asset might be transferred to the lender. In essence it’s a way of securing new financing by taking advantage of the value of what you already have.
For loans that exceed $150,000, it is not necessary to secure assets before you can access the money, however we do require a personal guarantee. So long as you comply with the loan terms (as stipulated in your loan contract document), asset security will never be required. For loans that exceed $150,000, generally, there is a personal ensure and security in the form the charge of assets.
