Services in Puni
- Unsecured Business Loan Puni
- Business Finance Puni
- Business Lending Puni
- Business Loan Puni
- Puni Small Business Finance
- Puni Business Funding
- Working Capital Puni
- Small Business Lending Puni
- Puni Short Term Business Loan
The criteria for eligibility for an unsecured business loan in Auckland of between $5K to $100K are quite minimal.
Looking for more funding? Take a look at the conditions of eligibility for our $100K to $500K company financing.
All you need to start is your contact details (company name, your name, email and phone) and the amount you’d like to lend, and your monthly earnings.
While in the process and before settlement we’ll require confirmation of who you are however, not in order to begin:
In addition, once we have started in the process, for loans greater than $150,000 you’ll require the following financial statements:
Let’s get started.
Auckland unsecured loans offers amounts of between $5,000 and $100,000. The terms range between 3 and 24 month and cash flow-friendly repayments that are either daily or weekly.
You can apply to get the Small Business Loan in under 10 minutes on the internet or over the phone, receive an instant response and the funds could be available in just 24 hours. Traditional business loans refer to an annual interest rate along with other charges and fees. The company loan is a pre-paid loan so you will know ahead of time the total amount payable including the interest, fees and charges. Then, it is broken down into weekly or daily installment amount.
The Small Business Loan can be used to fulfill almost every company need, such as control of cash flow company renovations, marketing, to purchase inventory or new equipment, or as general working capital, and much more. The loan is not available for personal reasons.
The Larger Business Loan is a larger size of loan that can be used to fund business expansion opportunities. Loans are between $100,000 and $500,000 with a term fixed with a maximum of 36 months. Repayments are weekly or fortnightly in order to accommodate you cashflow.
It is crucial to note that the Larger Business Loan has an Origination Fee, calculated at 2.5 percentage of the loan amount.
To qualify for a loan that is this large the business needs to have been trading for at least 3 years, and have an annual income of $700,000. The applicant must also be a New Zealand Citizen (or Permanent Resident) over 18 years or have a New Zealand business (with a valid NZBN/IRD) and be able to demonstrate at the least 12 months of operating.
A Business Loan of a larger size is a great option for almost any company reason, such as business renovations, purchase of inventory or new equipment as well as for general working capital and much more. The loan cannot be used to fund personal expenses.
Asset security is needed to access funding over $150,000. It is usually by taking a charge over assets and can be registered in the PPSR or filing a caveat.
A director’s or personal ensure is a guarantee to pay off a credit line that is general in nature, rather than stipulating security over a particular asset. The person who signs the guarantee is personally responsible if the business borrower is unable to re-pay the debt.
The Personal Property Securities Register (PPSR) is an online central register that is operated by the New Zealand Government. It reflects security interests registered in respect of personal property (including objects or assets). The PPSR permits preference over private property assigned according to the date a security interest was registered.
The caveat can be described as a formal document that is filed to offer an official notice of a claim to property.
If you’re applying for an enterprise loan of more than $250K we can offer an initial pre-approval to make the process. We could be able to get this done without a credit verification and within six hours of your initial application. This pre-approval is made based on an initial evaluation that involves answering a couple of financial health checks. This is in no way an offer, nor is it a guarantee of funds. The approval of a conditional loan is subject to an exhaustive credit evaluation, and any offer that you might receive could have different terms.
You are eligible to apply for a business loan if you:
The application process is quick and simple. Complete the online form within a couple minutes, and a dedicated business credit specialist will call you to assist you.
To be eligible for up to $100,000, you’ll need identification details (valid Driver’s Licence) along with a valid NZBN/IRD as well as at least six months of bank statements.
If you’re looking for loans with larger sizes, you’ll require:
$100K – $250K: Application requirements, including credit approval, 6-12 months of bank statements, IRD statement (if you have a loan of more than $150K).
$250K – $500K: Details for application including credit consent, 12 month bank accounts, the IRD statements as well as the two most recent years’ financial statements, and interim financials for the current financial year such as age-related payables and aged Receivables Summary.
For an unsecured loan ($5K to $100K) We can usually provide an answer within one hour, provided you submit your request at standard business times and you allow us to utilise the bank verification system to immediately verify your bank account information online. If you decide to upload copies of your bank statements we can provide the decision in as little as 1 business day.
For Larger Business Loans ($100K and up) we could be capable of provide you with pre-approval conditional to your application in around six hours. Once you have signed the pre-approval form, it will take approximately 2-3 days to receive final approval, however it could be faster based on the specifics of each application. Certain offers have been approved in the space of 24 hours.
The quickest way to apply for you to apply is ensure you apply during normal company hours. You can also let us use the modern bank verification link to instantly verify your bank account information online. If you upload copies of your bank statement, it may take a bit longer.
For the Small Business Loan ($5K up to $100,000) We can usually offer an answer within an hour, provided you make your application within standard business time and allow us to make use of the advanced bank verification system to immediately verify your bank account information online. If you want to upload copies of your bank statements we can provide an answer in just the span of one business day.
If you are applying for Larger Business Loans ($100K or more) We may be in a position to offer you with pre-approval conditional to your application within six hours. Once you have signed the pre-approval form, it will take between 2 and 3 days for the final approval. However, this can be faster depending on the particular circumstances of each application. Some agreements have been approved in the space of 24 hours.
The fastest method for you to apply is ensure you apply during standard business hours, and allow us to use our modern bank verification to confirm your bank details online. If you upload copies of your bank statements, it takes a bit longer.
We offer loans that range from $5,000 and $500,000. When you submit an application for a certain amount, we will consider a number of variables for determining the health for your company and the extent of the repayments your business can support. The total amount of your loan will depend on the specifics of your company.
When you make an application for a set amount, we will consider a number of factors to assess the health for your business and the amount of repayments your company will be able to support. The total amount of your loan will depend on the particular circumstances for your company.
When you apply for one of our company loan, we will assess the risk profile that you have for your business and provide you with a customised proposal that includes the loan amount, the terms and the interest rates. It is a business loan is an upfront cost loan so you will be aware in advance of the total amount you will have to pay, including interest rates, fees or charges.
The interest rates on company loans rates depend on a variety of variables like the amount to be that is borrowed, what company assets the money are used to purchase in addition to the industry that the business operates in, how long the business has been in operation for, whether the company has sufficient cash flow to support the loan, and overall well-being or financial standing of the company.
There are no hidden costs with our business loans. You’ll know exactly how much you be required to pay and at what time, from the very first day. There’s no compounding and no extra fees (as as you make your payments on time).
We do not charge an application fee. You can make an application for loans with no cost upfront or obligation to proceed.
The Origination Fee includes the expenses associated with the setting up and management of the loan. The only way to pay this cost if you take out the loan. Our Origination Fee is 2.5% of the amount of the loan.
You may choose to pay back the total amount of your loan in full at any time.
If you are deciding to take this route, please call our helpful business lending professionals. They will provide you with details for repayment and an early payout figure. The figure will be calculated as the sum of the principal remaining and any accrued interest at the time of early payment and 1.5% of the remaining principal plus any outstanding fees.
To ensure that you don’t miss due dates and also to be in line your cash flow cycle we provide payments that are either daily or weekly. These are automatically withdrawn from the nominated company account.
Protecting your information, and making it clear the ways we gather the information we collect, use, share and protect your information, is crucial and is a crucial element of our relationship with you.
Yes. We employ industry-recognised encryption standards to secure your personal, sensitive as well as financial data. Our funders are ISO 27001 qualified for our dedication to protecting the security of clients and security. We use an advanced bank verification system link to instantly confirm your bank account information online. This allows us to provide a fast response.
Asset-based borrowing is when a company owner makes use of assets they own to make the funds for a loan. The asset can be an individual property, such as the family home, or it could be a business asset such as a truck or piece or equipment.
The majority of the lenders even the largest banks, are inclined to secure loans against an asset. If you have trouble paying back the loan then the asset might be taken over by the lender. In essence it’s means of securing new funding making use of the value of what you already have.
For loans up to $150,000 there is no requirement for asset security upfront to access the money, however we do require the personal guarantee. So long as you comply with the loan terms (as detailed in the loan contract), asset security will never be needed. For loans that exceed $150K, generally there is the option of a personal ensure and security is provided in the form of the charge of assets.
