An Epuni unsecured business loan is simple and quick to apply for. Apply for a loan quickly and begin using the money in your company.
You can expect:
The conditions for eligibility for an unsecured business loan for a business loan Epuni are fairly minimal.
Call Now 0800 030 430The process of applying for a company credit in Epuni with us is easy and takes just some minutes, without piles of paperwork or long waits.
Be approved and receive your cash within 1 – 2 company days.
We aim to help Epuni businesses of all sorts small, medium even entrepreneurs to obtain funding fast so they can make use of the loan to expand and grow.
The eligibility requirements for an unsecured business loan in Epuni of between $5K and $100K are pretty minimal.
Looking for more funding? Review the eligibility requirements for our $100K-$500K company loan.
The criteria to be eligible for loans from larger Epuni company loans of between $100K and $500K are:
Do you need a smaller amount of money? Check out the conditions for eligibility for our $5K-$100K Epuni unsecured business loans.
An Epuni unsecured loan is ideal for almost every company reason. Get in touch with us today.
Do you want to start working on one of these idea as quickly as tomorrow? Get in touch with us or send your application online to get the fastest and most effective process.
All that’s needed to begin is your contact details (the name of your company, your name, email, phone) as well as the amount you want to borrow, as well as your monthly income.
In the course of the process and before settlement we will require confirmation of who you are but not to get started:
Additionally after we get started in the process, for loans of more than $150,000 you will also need fundamental financial statements:
Let’s get started now.
In the wake of traditional lenders and banks tightening credit conditions, the steady stream of non-bank and alternative loan providers that are entering the market provides the perfect source for you to access.
Epuni SME’s are now being able to get finance from alternate lenders servicing Epuni who are focused on facilitating company growth or smoothing out cash flow challenges. In the past, individual credit providers (drawing equity from the home loan, or by using credit cards or personal loans, as well as the overdraft) was the sole alternative funding services available in Epuni that were around.
There is now no 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 business with interest rates and loan terms that help to manage cash flow are around as business loans.
There are many advantages associated with the separation of personal and company debt.
Limit your exposure, make the tax process simpler, start with an unsecure busines loan. Apply today.
One big drawcard for keeping your private and company assets separate can be that your home isn’t necessarily tied up to allow access to the funds. For a small business loan within Epuni up to $100K an asset security agreement will not be required so long as the borrower fulfills their loan obligations.
Companies are in a stable long-term position when they can demonstrate good credit/debt ability to service.
A separation between personal and company financial accounts makes it more seamless in the event of tax time - particularly when determining what is the tax-deductible allocation. Particularly when determining what is the tax deductible allocation. IRD has set out the requirements for evidence to be able to claim deductions on a company’s tax return. This is an area where the IRD has advised specifically on.
Effective cash flow management is vital to the longevity that of any business. By keeping the personal financial and company finances separate, businesses can easily view how they are performing, monitor and plan on their ability to easily assess their cash flow position.
Epuni unsecured loans offers amounts of between $5,000 and $100,000, with terms ranging from 3 and 24 months, cash flow friendly repayments that are either daily or weekly.
It is imaginable to apply to the Small Business Loan in under 10 minutes by phone. You will receive an immediate response, and the money could be in your account in 24 hours. Traditional company loans are based on an annual interest rate along with other charges and fees. This business loan is an upfront priced loan and you’ll know ahead of time the amount you will have to pay, including the interest, fees and charges. Then, it is broken down into either weekly or daily repayment figure.
It is a Small Business Loan can be used to fulfill almost every company need, such as managing cash flows, company remodeling, marketing to purchase inventory or new equipment, to fund general working capital and so much more. The loan cannot be used for personal reasons.
The Larger Business Loan is a larger size loan to aid in company expansion opportunities. Loans are between $100,000 and $500,000 with a fixed-term that can last up to 36 months. Repayments are either weekly or fortnightly, depending on you cashflow.
It is important to note that the Larger Business Loan has an Origination Fee that is calculated at 2.5 percentage of the amount of the loan.
To qualify for a loan of this size the company needs to be operating for at least three years and generate an annual revenue of $700K. It is necessary to be a New Zealand Citizen (or Permanent Resident) who is over the age of 18 as well as own a New Zealand business (with a valid NZBN/IRD) and be able demonstrate at least 12 months of trading.
A Business Loan of a larger size can be used for almost any business use, including business remodeling, buying equipment or inventory, as general working capital and much more. The loan is not available for personal reasons.
Asset security is needed to obtain funding above $150,000. This is by taking a charge over assets and can be registered with the PPSR or filing a caveat.
A director’s or personal ensure is a commitment to repay credit that is generally in nature rather than stating the security of a specific asset. The person who is signing the ensure is personally liable if the business creditor is unable to make the repayment.
The Personal Property Securities Register (PPSR) is an online central register run by the New Zealand Government. It contains security interests which are registered with respect to personal property (including items or assets). The PPSR allows preference over private property granted according to the date a security interest that is registered.
An affidavit is an official form of document to offer notice of a legal claim against a property.
When you’re applying for the Larger Business Loan that is greater than $250K it’s possible to offer an initial pre-approval to ease the process. We may be able to apply for this without credit checks and within six hours of your initial application. The pre-approval process is based on an initial assessment, which involves the answer to a series of financial health questions. It’s not an offer of credit or guarantee of finance. Acceptance without condition is subject to an assessment of your creditworthiness and any offer you are offered could be subject to different terms.
You are eligible to apply for a business loan if you;
The application process is fast and easy. Just complete the online application in few minutes and a dedicated business expert in lending will contact you to help you.
To apply for up $100,000, you’ll need identification details (valid Driver’s Licence), an active NZBN/IRD, and at least 6 months’ worth of bank statements.
For larger loan sizes, you’ll require:
$100K-$250K: Application details including credit approval, 6-12 months of IRD statements, bank statements (if loan above $150K).
$250K-$500K: Details of the application, including credit consent twelve months bank statement, an IRD statements Last 2 years’ finalised financial statements, plus interim financial statements for the current year such as age-related payables and aged Receivables reports.
For an unsecured loan ($5K and up) We can usually offer a response in one hour if you apply at quality company hours and you allow us to use the advanced bank verification system to instantly verify your bank information online. If you decide to upload copies of your banking statement, we’ll offer an answer in just 1 company day.
For the Larger Business Loan ($100K and up) we could be able to offer the conditional pre-approval in about 6 hours. Once you’ve signed the pre-approval document, you will need to wait approximately 2-3 days to receive final approval, however it could be faster based on the particular circumstances of each application. Certain offers have been approved in 24 hours.
The quickest way to apply for you to apply is ensure you apply during normal company hours, and allow us to use the advance bank verification to confirm your bank details online. If you decide to upload documents from your account accounts, it takes a bit longer.
For the Small Business Loan ($5K and up) we usually offer an answer in just one hour – as long as you apply at standard business times and allow us to make use of the advanced bank verification system to instantly verify your bank details online. If you want to upload copies of your bank statements we can provide an answer in just 1 business day.
For Larger Business Loans ($100K up to $500,000) We may be able to provide you with conditional pre-approval within about six hours. Once you’ve signed your pre-approval form, it will take approximately 2-3 days to receive final approval. However, this could be shorter based on the specifics of each application. Some agreements have been approved in 24 hours.
The fastest way would be to make sure you apply during standard business hours and permit us to use the modern bank verification to instantly verify your bank information online. If you upload duplicates of your banking statements it will take a little longer.
We offer loans that range from $5,000 to $500,000. When you make an application for a specific amount we will consider a number of aspects in order to assess how much we can lend you health of the company as well as the amount of the repayments your company can support. The total amount of the loan will be determined by the particular circumstances of your business.
If you apply for a specific amount we take into consideration a variety of factors to assess the health for your business and the level of payments your company can support. The total amount of your loan will depend on the particulars that are unique to your business.
If you decide to apply for one of our business loan, we will assess the risk assessment the company and offer an individualised offer, including the amount of the loan, the duration and the interest rates. This company loan is an upfront cost loan therefore you will be aware of the total amount payable including any interest rates, fees or charges.
The interest rates on company loans rates depend on a variety of factors like the amount of money of money borrowed, the company assets the money will be used for and the sector the company operates in, the long the company is in operation and what percentage of the company has enough cash flow to pay for the loan, and also the general well-being or creditworthiness of the company.
There aren’t any hidden charges for our business loans. You’ll be aware of the amount it is that you need to pay and when, starting from day one. There’s no compounding interest, and the loan comes with no additional fees (as long as you are able to make your payments in time).
We do not charge an application fee. You can get a cash loan absolutely no upfront cost and no any obligation to sign up.
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 decide to repay the total amount of your advance loan at any time.
If you do decide to take this route, please contact our helpful company loans specialists. They will offer you with repayment details along with an early payout estimate. It will be calculated using the total of the principal remaining plus any accrued interest as of the time of early payment, plus 1.5 percent of the remaining principal as well as any outstanding fees.
To ensure you do not miss payment dates and to align with your cash flow cycle we provide payments that are either weekly or daily. They will be automatically deducted from the nominated business account.
Security of your data, and being transparent about the ways we gather information, use it, and exchange it, as well as secure your information, is crucial and a vital aspect of our relationship with you.
Yes. We use industry recognised encryption standards to secure your personal, sensitive as well as financial data. Our funders are ISO 27001 qualified for our dedication to security for our customers and privacy. We utilise a sophisticated bank verification system to instantly verify your bank account details online to provide quick responses.
An asset-based loan is when an company owner makes use of an asset they own to secure the funding. The asset can be an individual property, such as the family home, or an business asset such as a truck as well as a piece of machine.
The vast majority of lenders, not just the largest banks, are inclined to make loans secured by assets. If you have trouble paying back the loan then the asset might be sold by the lender. In essence, it is means of securing new financing making use of the value of what you already have.
For loans of up to $150,000, no asset security is required upfront to access the money however, we do require the personal guarantee. So long as you comply with your loan commitments (as specified in your loan contract) and you are able to meet your obligations, asset security will never be required. For loans that exceed $150K, generally, you are able to get the option of a personal guarantee and security is provided in the form of a charge over assets.
While we aren’t able to help with an unsecure business loan for these types of industries, we may be able to assist with a secured business loan.
