An Epuni unsecured business loan is simple and quick to apply for. Request a quick approval and begin using the money in your business.
What to expect:
The eligibility requirements for an unsecured business loan within Epuni are fairly minimal.
Call Now 0800 030 430Applying for an company loan in Epuni with us is easy and takes only less than a minute, with no lengthy forms or lines.
Receive approval and funds in one to two business days.
Our purpose is to assist Epuni companies of all types, whether small, medium or solopreneurs access money quickly, so that they can use the loan to grow and build.
The eligibility requirements for an unsecured business loan in Epuni of between $5K to $100K are quite minimal.
Do you need more money? Check out the eligibility requirements for our $100K-$500K company loans.
The eligibility requirements in larger Epuni business loans of between $100K and $500K consist of:
Do you need a smaller amount of capital? Look over the eligibility requirements for our $5K-$100K Epuni unsecured company loans.
An Epuni unsecured loan is perfect for nearly every business need. Call us now.
Are you looking to start one of these options as early as tomorrow? Then get in touch with us or apply online now to get the fastest and most effective process.
All you need for starting is your contact details (company name, your name, email address and phone) as well as the amount you’d like to borrow and your monthly earnings.
Through the process and before settlement we’ll require confirmation of your identity, but not to get started:
After we start when it comes to loans that exceed $150,000, you’ll need fundamental financial statements:
Let’s get started.
With banks and traditional lenders tightening credit conditions and the constant stream of alternative and non-bank loan providers that are entering the market provides a great resource to access.
Epuni SME’s are now being able to get finance from other lenders in Epuni who are focused on facilitating company growth or smoothing out cash flow issues. The past was when private credit options (drawing equity from the house loan, or using credit cards in addition to personal loans and overdrafts) were the only alternative funding solutions within Epuni that were available.
There’s an end to the need in the present to rely on real estate to secure business loans. With an unsecured loan business funding is simple. Instead of a traditional term loan from banks, business finance for a small company with interest rates and loan terms that can help with cash flow is around as business loans.
There are numerous benefits with the separation of personal and company debt.
Limit your exposure, make tax time more simple, apply for an unsecured busines loan, apply today.
One of the main benefits of keeping your business and personal company assets separate will be the fact that your home isn’t necessarily tied up for access to the money. In the case of a business loan within Epuni up to $100K the security of assets won’t be needed as in the event that the borrower has met the loan requirements.
Companies will be in a advantageous long-term situation if they can demonstrate good credit/debt ability to service.
It is important to separate personal from company finances makes it more straightforward when it comes to tax time, particularly when identifying what is the tax-deductible amount. Particularly when determining what is the tax deductible allocation. IRD has set out guidelines on the proof required in order to deduct deductions from an individual’s tax return. This is an area that the IRD has advised specifically on.
A well-organised cash flow management system is crucial to the long-term viability in any business. Through keeping personal and company finances separate, businesses can easily view, monitor and plan based on the ability to clearly evaluate their cash flow situation.
Epuni unsecured loans provides amounts between $5,000 and $100,000. The terms range between 3 and 24 months, cash flow friendly repayments which can be made daily or weekly.
Apply to get your Small Business Loan in under 10 minutes over the phone. You’ll get an instant response and the funds could be in your account in 24 hours. Traditional business loans have an annual interest rate together with additional fees and charges. This company loan is a loan that is priced upfront so you will be aware of the total amount due, which includes any fees, charges or charges. This is then divided into weekly or daily payment amount.
The Small Business Loan can be used for almost any company reason, such as cash flow management, company 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 loan to aid in business expansion opportunities. Loans range from $100,000 to $500,000 for a fixed period of up to 36 months. The repayments are made weekly or fortnightly in order to accommodate the flow of cash.
This Larger Business Loan has an Origination Fee that is determined at 2.5% of the loan amount.
To be eligible for a loan of this size, your company needs to be operating for a minimum of 3 years, and have an annual income of $700K. You must be a New Zealand Citizen (or Permanent Resident) over 18 years, own 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 can be used for nearly all company use, including company renovations, to purchase new equipment or inventory or as general working capital and so much more. The loan cannot be used for personal purposes.
Asset security is required to obtain funding above $150,000. It is usually by way of charge over assets, and could include the registration of this on the PPSR or filing as a caveat.
A personal or director’s guarantee is a guarantee to pay off a credit line that is generally in nature rather than stating the security for a particular asset. The person who signs the ensure is personally accountable if the business the borrower fails to make the repayment.
The Personal Property Securities Register (PPSR) is an online central registry run by the New Zealand Government. It reflects security interests granted to individuals who own personal property (including items or assets). The PPSR gives preference over private property assigned in accordance with the date on which a security interest was registered.
An affidavit is an official document lodged to provide notice of a legal claim to property.
If you’re seeking a Larger Business Loan that exceeds $250K we may be able to provide an initial pre-approval that will help smooth out the process. It is possible to get this done without a credit verification and within 6 hours of the initial application. This pre-approval is made based on an initial evaluation that involves you answering a few financial health checks. It’s neither an offer nor a guarantee of finance. Unconditional approval is subject to an assessment of your creditworthiness and any offer that you might receive could be on different terms.
You can apply for a business loan if you;
The application process is quick and easy. Complete the online form within a couple minutes, and an experienced company expert in lending will call you to guide you through the process.
To apply for up $100,000 you’ll need identification details (valid Driver’s Licence) as well as a valid NZBN/IRD and at least 6 months of bank statements.
In addition, for larger loan sizes, you’ll require:
$100K to $250K: Application details including credit approval, 6-12 months of bank statements, IRD statement (if the loan is greater than $150K).
$250K-$500K: Details of the application, including credit consent as well as 12 month bank accounts, the IRD statement and the last two years’ finalised financial statements, as well as interim current financial year financials, Aged Payables and Aged Receivables reports.
For an unsecured loan ($5K to $100K) we typically provide an answer in just one hour – as long as you make your application during quality business timings and allow us to use the advanced bank verification system link to instantly verify your bank information online. If you opt to send us copies of your bank statement, we’ll provide the decision in as little as the span of one business day.
For Larger Business Loans ($100K to $500K) we may be able to offer you with pre-approval conditional to your application in around 6 hours. Once you have signed the pre-approval form, it will take between 2 and 3 days for the final approval. However, this may be quicker depending on the circumstances of each application. Certain deals have been approved in just 24 hours.
The quickest method is to make sure you apply during normal company hours. Also, allow us to use our advance bank verification to verify your bank information online. If you choose to upload documents from your account statements it takes a bit longer.
For the Small Business Loan ($5K and up) We can usually provide an answer within an hour if you make your application within normal business time and allow us to use the bank verification system to instantly verify your bank details online. If you want to send us copies of your bank statements, we are able to offer an answer within an business day.
If you are applying for Larger Business Loans ($100K and up) we could be likely to provide you with conditional pre-approval in about six hours. Once you’ve signed your pre-approval, turnaround times are about 2-3 days for final approval, however this can be faster depending on the particular circumstances of each application. Some offers have been approved in less than 24 hours.
The fastest way can be make sure you apply during normal business hours and permit us to use the advanced bank verification system to confirm your bank details online. If you choose to send us the copies of bank statement, it can take a bit longer.
We offer loan amounts between $5,000 and $500,000. When you make an application for a particular amount, we will consider a number of factors in order to assess the health of your company and the extent of payments your company is able to afford. The total amount of your loan will depend on the specifics for your business.
If you apply for a specific amount we will consider a number of factors to assess how much we can lend you such as health of the business and the amount of repayments your company can afford. The total amount of your loan will be determined by the specific circumstances that are unique to your business.
If you decide to apply for business loans with us business credit, we will assess the risk profile of your company and offer you with a tailored offer including the loan amount, the terms and the interest rates. It is a business loan is an upfront cost loan and you’ll know in advance the total amount you will have to pay, including interest rates, fees or charges.
The interest rates on business loans rates vary due to variables like the amount to be borrowed, the business assets the money will be used for and the sector the company is operating in, how long the business has been operating, how long the business has sufficient cash flow to cover the loan, and overall health or financial standing of the business.
There are no hidden fees with our business loans, and you’ll know exactly how much you’ll need to pay, and when, starting from the day you sign up. There’s no compounding interest and no extra fees (as as long as you pay your payments in time).
We do not charge an application fee. You are able to request a credit loan with absolutely no upfront cost and no the obligation to take action.
The Origination Fee covers the expenses involved with setting up and managing the loan. You are only charged this fee if you decide to take the loan. The Origination Fee for us is 2.5 percent of the amount of the loan.
You can choose to repay all of your loan in full at any time.
If you decide to take this route, please speak to our friendly company loan professionals. They’ll provide you with details on repayment along with an early payout estimate. This is calculated as the total of the remaining principal amount and the accrued interest up to the time of the early payout and 1.5% of the principal balance and any fees that remain unpaid.
In order to help you avoid missing payment dates and to align your cash flow cycle we offer repayments that are either daily or weekly. They are automatically deducted from your nominated company account.
Making sure that your information is secure, and knowing how we collect data, process, exchange and safeguard your data, is crucial and an integral 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 certified for our dedication to protecting the security of clients and privacy. We employ an exceptionally sophisticated bank verification system link to immediately confirm your bank account information online so we can provide a fast response.
Asset-based borrowing occurs when a business owner borrows from assets they own to get the funds for a loan. The asset can be an individual property, such as the family home or an company property like a truck or piece or equipment.
The majority of lending institutions, including the largest banks, are inclined to guarantee loans against an asset. If you’re struggling to pay back the loan then the asset could be sold by the lender. In essence it is an opportunity to secure new funding making use of the value of what you already have.
For loans that exceed $150,000, no asset security is required before you are able to access the money but we require a personal guarantee. require an individual guarantee. If you adhere to your loan commitments (as stated in the loan contract) the security of assets will never be required. For loans of over $150K generally there is personal ensure and security in the form charges on assets.
While we aren’t able to help with an unsecured business loan for these industries, we may be able to assist by providing a secured business loan.
