Services in Epuni
- Unsecured Business Loans Epuni
- Epuni Business Finance
- Business Lending Epuni
- Business Loan Epuni
- Small Business Finance Epuni
- Epuni Business Funding
- Epuni Working Capital
- Small Business Lending Epuni
- Epuni Short Term Business Loan
The eligibility requirements for an unsecured business loan in Lower Hutt of between $5K and $100K are pretty minimal.
Looking for more funding? Take a look at the eligibility requirements for our $100K-$500K company loan.
All that’s needed to get started is your contact details (the name of your company, your name, email or phone number) and the amount you’d like to lend, and your monthly income.
Through the process and before settlement we will require confirmation of who you are but not before we can begin:
Once we’ve started, for loans that exceed $150,000, you will also need basic financial statements:
Let’s get started now.
Lower Hutt unsecured loans offers amounts between $5,000 and $100,000. Terms range from 3 and 24 months, cash flow-friendly repayments that are either daily or weekly.
Apply for your Small Business Loan in under 10 minutes on the phone. You’ll receive an immediate response, and the funds could be on your account within 24 hours. Traditional company loans are based on an interest rate per annum along with other charges and fees. This business loan is an upfront priced loan which means you know ahead of time the total amount due, which includes the interest, fees and charges. Then, it is broken down into either a daily or weekly repayment figure.
A Small Business Loan can be used for nearly any business need, such as managing cash flows, company remodels and marketing to purchase 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 loan to aid in business growth opportunities. The loan ranges from $100,000 to $500,000 with a fixed-term for up to 36 months. Repayments are weekly or fortnightly in order to accommodate you cashflow.
The Larger Business Loan has an Origination Fee which is determined at 2.5% of the loan amount.
To be eligible for a loan that is this large the business needs to be trading for at least 3 years with an annual turnover of $700K. It is necessary to be a New Zealand Citizen (or Permanent Resident) at least 18 years old, own a New Zealand company (with a valid NZBN/IRD) and be able demonstrate at least 12 months of trading.
A larger business loan can be used for almost every company need, including business renovations, to purchase equipment or inventory, as general working capital and so much more. The loan is not available to fund personal expenses.
Asset security is required for funding of more than $150,000. It’s in the form of a charge on assets, and could include the registration of this through the PPSR or filing a caveat.
A director’s or personal guarantee is a guarantee to repay credit that is generally in nature rather than specifying security over an asset. The person who signs the ensure is personally liable if the company creditor is unable to pay back the debt.
The Personal Property Securities Register (PPSR) is an online central register that is operated by the New Zealand Government. It records security interests that have been granted to individuals who own personal property (including objects or assets). The PPSR grants priority over personal property to be granted in accordance with the date on which a security interest was registered.
A caveat is a legal document filed to provide an official notice of a claim on a property.
If you’re applying for larger company loans of $250K or more, we may offer an initial pre-approval to make the process. We may be able to make this decision without a credit check and within 6 hours of your initial application. This pre-approval is made based on an initial evaluation that involves you answering some financial health questions. It’s not an offer of credit or guarantee of credit. Unconditional approval is subject to an assessment of your creditworthiness and any offer you receive could be subject to different terms.
You may apply for an business loan if you
The process for applying is fast and easy. Just fill out the online application within a couple minutes, and an experienced company lending specialist will contact you to guide you.
To apply for up $100,000, you’ll need identification details (valid Driver’s License) and an active NZBN/IRD, and at least six months worth of bank statements.
Otherwise, for larger loan sizes, you’ll also need:
$100K – $250K: Application requirements, including credit consent, 6-12 months of bank statements, IRD statement (if credit is over $150K).
$250K-$500K: Details of the application, including credit consent, 12 month bank accounts, the IRD statements and the last two years’ finalised financial statements, plus interim financials for the current financial year as well as Aged Payables and Receivables Summary.
For an unsecured loan ($5K and up) We can usually offer an answer within one hour if you apply within standard company timings and allow us to use the advanced bank verification system to instantly verify your bank’s information online. If you opt to send us copies of your bank statements , we are able to offer a decision within 1 company day.
For the Larger Business Loan ($100K up to $500,000) we may be in a position to offer the conditional pre-approval within 6 hours. After you’ve signed the pre-approval form, it will take approximately 2-3 days to receive final approval, however this could be shorter based upon the circumstances for each application. Some transactions have received approval within the space of 24 hours.
The most efficient method for you to apply is ensure you apply during normal company hours and let us use the advanced bank verification system to confirm your bank details online. If you opt to send us the copies of bank statements , it takes a bit longer.
For the Small Business Loan ($5K up to $100,000) we typically provide an answer within one hour if you apply within standard business hours and permit us to utilise the advanced bank verification system to immediately verify your bank account information online. If you want to send us copies of your bank statements we can provide the decision in just 1 business day.
If you are applying for Larger Business Loans ($100K to $500K) we could be able to offer the conditional pre-approval within about six hours. Once you’ve signed the pre-approval, turnaround times are between 2 and 3 days for the final approval, however this can be faster depending upon the circumstances for each application. Certain transactions have received approval within 24 hours.
The fastest method would be to make sure you apply during normal business hours, and permit us to use the advanced bank verification system link to instantly verify your bank information online. If you upload documents from your account accounts, it will take a little longer.
We provide loans that range from $5,000 to $500,000. When you make an application for a certain amount we will consider a number of factors to determine how much we can lend you health of your business and the level of payments your company is able to afford. The total amount of your loan will be contingent on the particular circumstances for your company.
When you make an application for a certain amount, we will consider a number of variables to assess the health for your business and the level of payments your business can support. The total amount of your loan will depend on the particular circumstances for your company.
When you request business loans with us business loans, we’ll assess the risk assessment the company and offer you with a customised offer including the amount of the loan, the duration and interest rates. It is a business loan is a loan that is priced upfront and you’ll be aware of the total amount you will have to pay, including interest rates, fees or charges.
Interest rates for company loans rates differ based on various variables like the amount to be borrowed, the company assets the funds are used to purchase, the industry the business operates in, the long the business has been running and how long the company has sufficient cash flow to cover the loan, and the overall well-being or creditworthiness of the company.
There aren’t any hidden costs with our company loans, and you’ll be aware of the amount you 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 long as you make your payments on time).
We do not charge an Application Fee. You can request a credit loan with without any upfront costs or the obligation to take action.
The Origination Fee covers the expenses involved in establishing and managing the loan. It is only charged for this fee if you decide to take the loan. Our Origination Fee is 2.5% of the amount of loan.
You can decide to repay the total amount of your loan at any point in time.
If you do decide to pursue this option, please call our helpful company credit professionals. The professionals will provide you with the details of your repayment and an early payment figure. This will be calculated as the total of the principal amount remaining and accrued interest to the date of early payout plus 1.5 percent of the principal balance as well as any outstanding fees.
To make sure that you don’t miss repayments and to fit in your cash flow cycle we offer repayments that are either daily or weekly. These are automatically deducted from your designated business account.
Security of your data, and being clear about how we collect, use, exchange and safeguard your data, is crucial and is a crucial part of our relationship you.
Yes. We utilise industry-recognised encryption standards to protect your sensitive, personal as well as financial data. Our funders are ISO 27001 qualified for our commitment to protecting the security of clients and privacy. We make use of an advanced banking verification system to instantly verify your bank account details online. This allows us to provide quick responses.
Asset-based borrowing occurs when the company owner borrows from the assets they have to get the loan. The asset could be an individual property, such as the family home, or it could be a business asset like a truck or piece or equipment.
The majority of lending institutions, even the major banks, prefer to guarantee loans against an asset. If you’re struggling to pay back the loan, your assets could be taken over by the lender. In essence, it’s the process of securing additional financing taking advantage of the value of what you already own.
For loans that exceed $150K, the requirement for asset security is not required upfront to access the money however, we require a personal guarantee. need an individual guarantee. If you adhere to the terms of your loan (as specified in your loan contract document) Asset security will never be required. If you take out loans in excess of $150,000 generally, you are able to get an individual guarantee and security in the form charges on assets.
