Services in Puni
- Puni Unsecured Business Loan
- Puni Business Finance
- Business Lending Puni
- Business Loans Puni
- Small Business Finance Puni
- Puni Business Funding
- Working Capital Puni
- Small Business Lending Puni
- Puni Short Term Business Loans
The criteria for eligibility for an unsecured business loan in Auckland of between $5K and $100K are fairly minimal.
Are you looking for additional funding? Review the conditions of eligibility for our $100K-$500K business financing.
All that is needed for starting is your contact information (the name of your company, your name, email and telephone) as well as the amount you’d like to lend, and your monthly income.
In the course of the process and before settlement we’ll need confirmation of your identity, but not to get started:
Additionally after we get started, for loans over $150,000 you’ll also require basic financial statements:
Let’s get started.
Auckland unsecured loans provides the range of $5,000 to $100,000 with terms between 3 and 24 months, cash flow-friendly repayments that are either per day or weekly.
Apply for the Small Business Loan in under 10 minutes via the internet or on the phone. You’ll receive an answer within the same day and funds may be on your account within 24 hours. Traditional company loans refer to an annual interest rate as well as other fees and charges. The company loan is a pre-paid loan so you will know ahead of time the total amount payable including any fees, charges or charges. Then, it is divided into weekly or daily repayment figure.
It is a Small Business Loan can be used for almost every business purpose including managing cash flows, business renovations, marketing, to purchase inventory or new equipment, to fund general working capital and much more. The loan is not available for personal purposes.
The Larger Business Loan is a larger size loan to aid in business growth opportunities. Loans are between $100,000 and $500,000 with a fixed-term that can last up to 36 months. Repayments are scheduled weekly or fortnightly in order to accommodate your cash flow.
It is crucial to note that the Larger Business Loan has an Origination Fee, which is determined at 2.5% of the amount of the loan.
To be eligible for a credit in this amount the business needs to have been operating for a minimum of 3 years and generate an annual revenue of $700,000. You must be a New Zealand Citizen (or Permanent Resident) who is over the age of 18, own a New Zealand business (with a valid NZBN/IRD) and be able to prove at the least 12 months of operating.
A larger company loan can be used for almost every business need, including business remodeling, buying new equipment or inventory or as general working capital and much more. The loan cannot be used for personal use.
Asset security is required for funding of more than $150,000. It’s by way of charge on assets and can include registration on the PPSR or making as a caveat.
A personal or director’s guarantee is a promise to repay a loan which is general in nature rather than specifying the security for a particular asset. The person signing the ensure is personally responsible if the business the borrower fails to pay back the debt.
The Personal Property Securities Register (PPSR) is an online, central register run by the New Zealand Government. It lists security interests that are that are registered for personal property (including goods or assets). The PPSR gives priority over personal property to be assigned according to the date a security interest has been registered.
A caveat is a legal form of document to offer an official notice of a claim against a property.
If you’re applying for the Larger Business Loan of $250,000 or more it’s possible to offer an initial pre-approval to smooth out the process. We could be able to make this decision without a credit verification and within six hours of your initial application. This pre-approval is made based on an initial assessment that includes answering a couple of financial health checks. It’s in no way an offer, nor is it a guarantee of funds. Acceptance without condition is subject to an exhaustive credit evaluation, and any offer that you might receive could have different terms.
You may be eligible for a company loan if you:
The application process is simple and easy. Simply complete the online form in few minutes and an experienced business credit specialist will call you to guide you.
For a loan of up to $100,000, you’ll need identification details (valid Driver’s Licence) as well as a valid NZBN/IRD as well as at least 6 months’ worth of bank statements.
In addition, for larger loan sizes, you’ll need:
$100K – $250K: Application requirements, including credit approval, 6-12 months of IRD statements, bank statements (if you have a loan of more than $150K).
$250K-$500K: Details for application including credit consent, 12 months bank statement, an IRD statement Last 2 years’ finalised financial statements, in addition to interim current financial year financials, Aged Payables and Aged Receivables Summary.
For an unsecured loan ($5K to $100K) We can usually offer an answer within an hour if you apply at quality business time and permit us to make use of the advanced bank verification system link to immediately verify your bank account information online. If you opt to upload copies of your banking statements , we are able to provide the decision in as little as 1 company day.
For the Larger Business Loan ($100K up to $500,000) we may be likely to provide you with pre-approval conditional to your application in around 6 hours. After you’ve signed the pre-approval document, you will require to wait about 2-3 days for final approval. However, it could be faster based on the particular circumstances of each application. Some offers have been approved in just 24 hours.
The fastest way is to make sure you apply during normal company hours. Also, permit us to use the modern bank verification link to instantly verify your bank information online. If you decide to upload documents from your account statements it can take a bit longer.
For the Small Business Loan ($5K or more) we usually offer an answer in just one hour – provided you submit your request during standard business hours and allow us to use the bank verification system link to instantly verify your bank information online. If you choose to submit copies of your bank statements we can offer an answer in as little as 1 business day.
If you are applying for Larger Business Loans ($100K and up) we could be capable of provide you with pre-approval conditional to your application within six hours. Once you have signed the pre-approval, turnaround times are around 2-3 days for final approval, however this may be quicker depending 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 standard business hours. You can also let us use the modern bank verification to verify your bank account information online. If you opt to upload documents from your account statement, it takes a bit longer.
We provide loans ranging from $5,000 to $500,000. If you apply for a specific amount we look at a variety of elements to determine your well-being for your business and the amount of payments your company will be able to support. The total amount of your loan will be contingent on the particular circumstances the business.
If you apply for a particular amount, we look at a range of variables to assess the health of your business as well as the amount of repayments that your business is able to afford. The total amount of your loan will be determined by the particulars of your business.
When you request one of our business loans, we will assess the risk assessment of your company and provide you with a tailored proposal that includes the loan amount, the terms and the interest rates. It is a company loan is a loan that is priced upfront so you will be aware in advance of the total amount due, which includes any charges or interest.
Business loan interest rates differ based on various factors like the amount of money of money borrowed, the company assets the money are used to purchase as well as the field the company operates in, the long the company has been operating, whether the company has enough cash flow to pay for the loan, and overall well-being or financial standing of the business.
There aren’t any hidden costs with our company loans. You’ll know precisely how much it is that you be required to pay, and when, from the day you sign up. There’s no compounding interest and there are no additional charges (as long as you make your payments in time).
We do not charge an Application Fee. You are able to apply for a loan absolutely no upfront cost and no obligation to proceed.
The Origination Fee includes the expenses associated with setting up and managing the loan. The only way to pay this fee if you proceed with the loan. Our Origination Fee is 2.5% of the loan amount.
You can repay the entire amount of your loan at any point in time.
If you are deciding to take this route, please speak to our friendly business lending specialists. They’ll offer you with details on repayment and an early payment figure. It will be calculated using the total of the remaining principal amount and any accrued interest at the time of early payment in addition to 1.5% of the principal amount remaining plus any outstanding fees.
In order to help you avoid missing due dates and also to be in line your cash flow cycle we provide payments that are either daily or weekly. They will be automatically deducted from your designated company account.
Security of your data, and knowing the ways we gather information, use it, and exchange it, as well as secure your information, is of huge importance and is a crucial aspect of our relationship with you.
Yes. We make use of industry-standard encryption techniques to protect your personal, sensitive as well as financial data. Our funders are ISO 27001 certified for our commitment to customer security and privacy. We utilise a sophisticated bank verification system link to immediately confirm your bank account information online to offer rapid response.
The term "asset-based" refers to borrowing where the business owner borrows from an asset they own to get the funds for a loan. The asset could be a personal asset like the family home, or an company asset such as a vehicle or piece of equipment.
The majority of banks, not just the banks with the biggest size, prefer to make loans secured by assets. If you’re having trouble paying back the loan then the asset could be offered for sale by the lender. In essence, it’s means of securing new financing using 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. require an individual guarantee. As long as you follow the loan terms (as specified in the loan contract), asset security will never be required. If you take out loans in excess of $150,000 typically, you will need the option of a personal guarantee and security in the form of charges on assets.
