Services in Puni
- Unsecured Business Loans Puni
- Puni Business Finance
- Puni Business Lending
- Puni Business Loan
- Puni Small Business Finance
- Puni Business Funding
- Working Capital Puni
- Small Business Lending Puni
- Puni Short Term Business Loan
The requirements for obtaining an unsecured business loan in Auckland of between $5K to $100K are quite minimal.
Looking for more funding? Check out the eligibility requirements for our $100K to $500K business credit.
All that’s required to get started is your contact details (company name, your name, email or phone number) as well as the amount you want to borrow, and your monthly earnings.
While in the process and before settlement we’ll require confirmation of who you are but not for starting:
In addition, once we have started in the process, for loans greater than $150,000 you’ll also require basic financial statements.
Let’s get started now.
Auckland unsecured loans offers amounts of between $5,000 and $100,000. Terms range from 3 and 24 months, cash flow friendly repayments that are either per day or weekly.
It is imaginable to apply to get this Small Business Loan in under 10 minutes online or by phone. You will receive a same day response and the funds could be in your account in 24 hours. Traditional company loans reference an interest rate per annum plus other fees and charges. The company loan is an upfront priced loan therefore you’ll know in advance the amount you will have to pay, including any interest, fees or charges. This is then divided into a daily or weekly installment amount.
The Small Business Loan can be used for nearly every business use, including the management of cash flow, business remodels and marketing, to purchase inventory or new equipment, as general working capital, and much more. The loan cannot be used to fund personal expenses.
The Larger Business Loan is a larger size of loan that can be used to fund company expansion opportunities. The loan ranges from $100,000 to $500,000 with a fixed-term with a maximum of 36 months. Repayments are weekly or fortnightly to work with you cashflow.
A Larger Business Loan has an Origination Fee, which is calculated at 2.5% of the loan amount.
To qualify for a loan of this size, your business needs to be in operation for at least 3 years, and have an annual income of at least $700K. The applicant must also be 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 Larger Business Loan can be used for nearly all business purpose including company renovations, to purchase new equipment or inventory for general working capital, and much more. The loan cannot be used for personal use.
Asset security is needed for accessing funds over $150,000. This can be done as a result of an charge against assets, and could include registration in the PPSR or filing as a caveat.
A personal or director’s ensure is a promise to repay a loan which is generally in nature rather than stating security over a particular asset. The person who is signing the guarantee is personally accountable if the business creditor is unable to re-pay the debt.
The Personal Property Securities Register (PPSR) is an online, central registry run by the New Zealand Government. It contains security interests which are registered with respect to personal property (including items or assets). The PPSR gives prioritisation over property that is personal to be assigned according to the date the registration of a security interest.
The caveat can be described as a formal document lodged to provide an official notice of a claim to property.
If you’re seeking the Larger Business Loan that is greater than $250K, we may offer an initial pre-approval that will help make the process. We could be able to apply for this without a credit check, and within 6 hours of the initial application. This pre-approval is made based on an initial assessment that includes answering a couple of financial health questions. It is neither an offer nor a guarantee of financing. The approval of a conditional loan is subject to a full credit assessment and any offer you might receive could be subject to different conditions.
You are eligible to apply for an company loan if you
The application process is quick and easy. Just fill out the online application in few minutes and an experienced business loan specialist will be in touch to help you.
For a loan of up to $100,000, you’ll require the right identification documents (valid Driver’s License) along with an NZBN/IRD that is valid and at least 6 months’ worth of bank statements.
In addition, for larger loan sizes, you’ll also require:
$100K – $250K: Application requirements, including credit consent, 6-12 months of bank statements, IRD statement (if the loan is greater than $150K).
$250K – $500K: Details of the application, including credit consent, 12 months bank statement, an IRD statements as well as the two most recent years’ financial statements, as well as interim financials for the current financial year such as age-related payables and aged Receivables summaries.
For an unsecured loan ($5K up to $100,000) we usually offer an answer in just one hour – as long as you submit your request within standard company hours and permit us to make use of the advanced bank verification system link to instantly verify your bank information online. If you choose to upload copies of your bank statements , we are able to offer a decision within just one business day.
For Larger Business Loans ($100K up to $500,000) we might be likely to provide the conditional pre-approval in about 6 hours. Once you’ve signed the pre-approval form, it will take about 2-3 days for final approval. However, this may be quicker depending on the specifics of each application. Some agreements have been approved in 24 hours.
The fastest way is to make sure you apply during standard business hours. Also, allow us to use our advance bank verification to check your bank’s information online. If you send us copies of your bank statements it will take a little longer.
For the Small Business Loan ($5K to $100K) we typically provide an answer within an hour if you apply in normal business timings and permit us to make use of the advanced bank verification system link to instantly verify your bank details online. If you choose to send us copies of your bank statements, we’ll be able to provide the decision within an business day.
If you are applying for Larger Business Loans ($100K and up) we may be capable of offer you with conditional pre-approval in around six hours. Once you’ve signed the pre-approval document, you will need to wait around 2-3 days for final approval, however this could be shorter based on the specifics of each application. Some deals have been approved within the space of 24 hours.
The fastest method can be make sure you apply during standard business hours. Also, allow us to use the advanced bank verification system to verify your bank account information online. If you choose to send us duplicates of your banking statements, it will take a little longer.
We provide loans that range from $5,000 and $500,000. If you apply for a particular amount, we will consider a number of aspects for determining how much we can lend you health of your business as well as the amount of payments your company can support. The amount you receive from your loan will be contingent on the particular circumstances the business.
When you make an application for a specific amount we take into consideration a variety of aspects to determine how much we can lend you such as well-being that is your business and the extent of payments your company is able to afford. The amount you receive from the loan will be determined by the specific circumstances of your company.
When you make an application for our company loans, we will assess the risk profile that you have for your business and provide you with a tailored offer that includes loan amount, term and the interest rates. A company loan is an upfront priced loan which means you be aware of the total amount you will have to pay, including charges or interest.
Interest rates for company loans rates depend on a variety of variables like the amount to be that is borrowed, what company assets the funds are used to purchase, the industry the business is operating in, how long the company has been operating for, how long the business has enough cash flow to support the loan, and also the overall health or creditworthiness of the business.
There are no hidden fees with our business loans. You’ll know precisely how much you be required to pay and when, starting from the first day. There’s no compounding interest and there are no additional charges (as long as you are able to make your payments punctually).
We do not charge an application fee. You are able to request a credit loan absolutely no upfront cost and no obligation to proceed.
The Origination Fee is the cost associated with setting up and managing 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 can repay all of your loan at any point in time.
If you are deciding to pursue this option, please contact our helpful company loans experts. They will offer you with the details of your repayment along with an early payout estimate. The figure will be calculated as the sum of the remaining principal amount and the accrued interest up to the time of early payment plus 1.5 percent of the remaining principal and any outstanding fees.
To help you avoid missing due dates and also to be in line with your cash flow general, we provide payments that are either daily or weekly. These are automatically withdrawn from your designated company account.
Protecting your information, and knowing the ways we gather the information we collect, use, share and ensure the security of your information is of paramount importance and is a crucial part of our relationship with you.
Yes. We use industry recognised encryption standards to protect your sensitive, personal financial and other data. Our funders are ISO 27001 qualified for our dedication to customer security and security. We make use of an advanced banking verification system to instantly confirm your bank account information online to provide rapid response.
An asset-based loan is when a company owner uses the assets they have to secure the funding. The asset may be an individual asset, such as the family home, or a company asset like a truck as well as a piece of machine.
The majority of lending institutions, not just the largest banks, are inclined to guarantee loans against assets. If you’re struggling to pay back the loan then the asset could be taken over by the lender. In essence, it’s an opportunity to secure new financing making use of the value of what you already own.
For loans that exceed $150K, it is not necessary to secure assets upfront to access the money however, we do require a personal guarantee. As long as you follow the loan terms (as specified in your loan contract) Asset security is not needed. For loans that exceed $150,000, generally, there is an individual guarantee and security that is in the form a charge over assets.
