Services in Puni
- Puni Unsecured Business Loan
- Business Finance Puni
- Puni Business Lending
- Puni Business Loan
- Puni Small Business Finance
- Puni Business Funding
- Working Capital Puni
- Puni Small Business Lending
- Short Term Business Loan Puni
The criteria for eligibility for an unsecured business loan in Auckland of between $5K and $100K are pretty minimal.
Looking for more funding? Take a look at the guidelines for eligibility for our $100K-$500K company loans.
All you need to start is your contact information (company name, your name, email and phone) and the amount you want to borrow, and your monthly earnings.
In the course of the process and before settlement we will need confirmation of who you are however, not in order to begin:
Once we’ve started when it comes to loans over $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. The terms range between 3 and 24 months, cash flow friendly repayments that are either daily or weekly.
The application for this Small Business Loan in under 10 minutes on the internet or by phone. You will receive an answer within the same day and have the funds on your account within 24 hours. Traditional business loans have an interest rate per annum as well as other fees and charges. The business loan is a cash-based loan therefore you’ll be aware of the amount you will have to pay, including the interest, fees and charges. This is then divided into a daily or weekly installment amount.
The Small Business Loan can be used for almost any company use, including the management of cash flow, business remodels and marketing for purchasing inventory or new equipment, or as general working capital and much more. The loan cannot be used for personal purposes.
The Larger Business Loan is a larger amount of loan to help company growth opportunities. Loans range from $100,000 to $500,000 with a term fixed for up to 36 months. The repayments are made weekly or fortnightly, depending on your cash flow.
This Larger Business Loan has an Origination Fee, calculated at 2.5% of the amount of the loan.
In order to be eligible for a loan of this size the company needs to have been in operation for at least 3 years, and have an annual income of $700,000. It is necessary to be a New Zealand Citizen (or Permanent Resident) at least 18 years old or have a New Zealand company (with a valid NZBN/IRD) and be able of proving at minimum 12 months of continuous trading.
A Business Loan of a larger size is a great option for almost all business need, including company renovations, purchase of new equipment or inventory as well as for general working capital and so much more. The loan is not available to fund personal expenses.
Asset security is needed for funding of more than $150,000. This is by way of charge on assets, and may include the registration of this through the PPSR or filing a caveat.
A personal or director’s ensure is a promise to repay credit that is generally in nature rather than stating security over a particular asset. The person who is signing the ensure is personally accountable if the business creditor is unable to pay back the debt.
The Personal Property Securities Register (PPSR) is a central, national online register operated by the New Zealand Government. It reflects security interests registered in respect of personal property (including objects or assets). The PPSR grants prioritisation over property that is personal to be granted depending on the date that a security interest has been registered.
An affidavit is an official document lodged to provide an official notice of a claim against a property.
If you’re requesting a Larger Business Loan that is greater than $250,000 we can offer an initial pre-approval in order to ease the process. It is possible to do this without a credit check and within 6 hours of your initial application. The pre-approval is based upon a preliminary assessment which includes you answering a few financial health questions. It’s in no way an offer, nor is it a guarantee of credit. Acceptance without condition is subject to an assessment of your creditworthiness and any offer you may receive may be on different conditions.
You are eligible to apply for an company loan if you:
The process for applying is fast and simple. Just complete the online application within a few minutes and an experienced business expert in lending will call you to help you.
To apply for up $100,000 you’ll need ID details (valid Driver’s License) as well as a valid NZBN/IRD as well as at least six months worth of bank statements.
If you’re looking for loans with larger sizes, you’ll also require:
$100K to $250K: Application details including credit consent, 6 – 12 months of IRD statements, bank statements (if credit is over $150K).
$250K-$500K: Details for application including credit consent, 12 month bank accounts, the IRD statements Last 2 years’ finalised financial statements, as well as interim current financial year financials as well as Aged Payables and Receivables Summary.
For an unsecured loan ($5K or more) We can usually offer an answer in just one hour – as long as you apply in quality company hours and permit us to utilise the bank verification system to immediately verify your bank account information online. If you decide to submit copies of your bank statements , we are able to offer a decision in as little as an business day.
For the Larger Business Loan ($100K up to $500,000) we may be likely to offer the conditional pre-approval within about six hours. Once you’ve signed the pre-approval, turnaround times are about 2-3 days for final approval. However, this could be shorter based on the particular circumstances of each application. Some deals have been approved in the space of 24 hours.
The fastest way would be to make sure you apply during normal business hours. You can also allow us to use the advanced bank verification system to check your bank’s information online. If you choose to upload copies of your bank statements it will take a little longer.
For the Small Business Loan ($5K and up) we can often provide a response in one hour, provided you submit your request within normal business timings and let us make use of the advanced bank verification system to instantly verify your bank’s information online. If you choose to send us copies of your bank statements, we will be able to provide the decision in just the span of one business day.
If you are applying for Larger Business Loans ($100K up to $500,000) we may be capable of offer you with pre-approval conditional to your application within six hours. Once you’ve signed the pre-approval, turnaround times are about 2-3 days for final approval, however this could be shorter based upon the circumstances for each application. Some agreements have been approved within less than 24 hours.
The quickest method for you to apply is ensure you apply during normal business hours, and let us use the modern bank verification to instantly check your bank’s information online. If you send us duplicates of your banking accounts, it takes a bit longer.
We provide loans that range from $5,000 and $500,000. When you submit an application for a particular amount, we consider a variety of elements in order to assess what is the health of your company and the amount of payments your business can afford. The amount you receive from the loan will be determined by the specific circumstances the company.
When you apply for a particular amount, we consider a variety of elements to assess how much we can lend you such as health of the business and the extent of payments your business is able to afford. The total amount of the loan will be determined by the specific circumstances for your company.
If you decide to make an application for business loans with us business credit, we will assess the risk profile for your business and offer an individualised proposal that includes the amount of loan, the term and interest rates. This company loan is a loan that is priced upfront and you’ll be aware of the total amount to be paid, including any interest rates, fees or charges.
Interest rates for company loans rates differ based on various factors like the amount of money of money borrowed, the company assets the funds will be used for as well as the field the company is operating in, how long the business has been operating, what percentage of the company has sufficient cash flow to pay for the loan, and also the overall health or financial standing of the business.
There are no hidden fees with our business loans. You’ll know exactly how much it is that you need to pay, and when, starting 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 with absolutely no upfront cost and no any obligation to sign up.
The Origination Fee covers the costs associated with establishing and managing the loan. This is only a fee if you proceed with the loan. Our Origination Fee is 2.5 percentage of the amount of the loan.
You may choose to pay back the entire amount of the loan at any point in time.
If you choose to do this please talk to one of our helpful business lending professionals. They’ll offer you with details for repayment as well as an early payout amount. This will be calculated as the total of the remaining principal amount and any accrued interest at the time of the early payout and 1.5% of the principal amount remaining plus any outstanding fees.
To ensure you do not miss payment dates and to align with your cash flow cycle we provide repayments either daily or weekly. They will be automatically deducted from your nominated business account.
The security of your personal information, as well as making it clear the ways we gather, use, exchange and safeguard your data, is crucial and an integral element of our relationship with you.
Yes. We make use of industry-standard encryption protocols to safeguard your sensitive, personal as well as financial data. Our funders are ISO 27001 certified for our dedication to protecting the security of customers and security. We use an advanced banking verification system to immediately verify your bank account details online. This allows us to offer an immediate response.
Asset-based borrowing occurs when the company owner makes use of assets they own to obtain the loan. The asset can be an individual property, such as the family home, or a company asset such as a truck or piece or equipment.
The vast majority of lending institutions, not just the largest banks, are inclined to make loans secured by assets. If you are having difficulty paying back the loan, the asset might be offered for sale by the lender. In essence, it’s the process of securing new financing taking advantage of the value of what you already have.
Up to $150K in loans it is not necessary to secure assets prior to the loan’s access However, we do need the personal guarantee. So long as you comply with your loan obligations (as stipulated in your loan contract document) Asset security will never be needed. If you take out loans in excess of $150K generally there is a personal guarantee and security in the form a charge over assets.
