An Epuni unsecured business loan is easy and quick to get. Get a quick apporval and use the money in your business.
What you can expect:
The criteria for eligibility for an unsecured business loan within Epuni are fairly minimal.
Call Now 0800 453 358Applying for business loans in Epuni business financing in Epuni with us is easy and takes just about a couple of minutes, there are no piles of paperwork or long waits.
Receive approval and money within 1 – 2 company days.
We want to assist Epuni companies of all kinds, from small to medium-sized soloprenuers to get access to funds quickly so that they can make use of the loan to expand and develop.
The criteria for eligibility for an unsecured business loan in Epuni of between $5K to $100K are quite minimal.
Looking for more funding? Take a look at the eligibility requirements for our $100K to $500K business financing.
The criteria for eligibility to be eligible for larger Epuni company loans of between $100K and $500K are:
Looking for a smaller amount of funds? Find out the guidelines for eligibility for our $5K to $100K Epuni unsecured company loans.
An Epuni unsecured loan is great to use for any business purpose. Contact us now.
Are you looking to start one of these options as early as tomorrow? Get in touch with us or apply online now to apply the fastest, most convenient way.
All that’s needed to begin is your contact details (company name, your name, email or phone number) along with the amount you’d like to lend, as well as your monthly income.
In the course of the process and before settlement we’ll require confirmation of your identity, however, not in order to begin:
Additionally after we get started when it comes to loans over $150,000 you’ll also require basic financial statements.
Let’s get started now.
In the wake of traditional lenders and banks tightening their credit terms The steady flow of alternative and non-bank loan providers entering the market offers the perfect source for you to take advantage of.
Epuni SME’s are now being able to get finance from alternate lenders servicing Epuni who are focused on enabling business expansion or smoothing out cash flow issues. The past was when individual credit providers (drawing equity from the house loan or credit cards, personal loans and overdrafts) provided the most viable alternative funding solutions in Epuni that were available.
There’s not a need of having to depend on using real estate to secure business lending. With an unsecured loan business financing is now easy. Instead of a term loan through banks, business finance for an SME with interest rates and loan terms that can help with cash flow are around as business lending options.
There are numerous benefits with the separation of personal and business debt.
Lower your risks, make tax time easier, get started with an unsecure busines loan. Apply today.
One major benefit of keeping your business and personal business assets apart can be that your house does not have to be tied to access the funds. If you’re looking for a small business loan in Epuni up to $100K, asset security will not be required so in the event that the borrower has met the loan requirements.
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 straightforward with regards 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 the requirements for evidence in order to deduct deductions from an individual’s tax return. This is an area that the IRD has advised specifically on.
Effective cash flow management is essential to the long-term viability of any business. Through keeping personal and business finances separate, companies can easily view the situation, track and plan based on the ability to effectively examine their cash flow.
Epuni unsecured loans offers amounts between $5,000 and $100,000. Terms range from 3 and 24 months and cash flow-friendly repayments that are either per day or weekly.
The application to this Small Business Loan in under 10 minutes online or on the phone. You’ll receive an immediate response, and the funds could be available in just 24 hours. Traditional business loans refer to an annual rate of interest as well as other fees and charges. The company loan is a loan that is priced upfront which means you be aware of the total amount payable including any fees, interest or charges. Then, it is divided into a daily or weekly repayment figure.
The Small Business Loan can be used for virtually any company need, such as control of cash flow company improvements, advertising to purchase inventory or new equipment, to fund general working capital and so much more. The loan is not available for personal use.
The Larger Business Loan is a larger size loan to aid in business growth opportunities. The loan ranges from $100,000 to $500,000 for a fixed period of for up to 36 months. Repayments are weekly or fortnightly in order to accommodate your situation.
The Larger Business Loan has an Origination Fee which is calculated at 2.5 percent of the loan amount.
To be eligible for a credit in this amount the company needs to have been in operation for at least 3 years and have an annual turnover of $700K. The applicant must also be a New Zealand Citizen (or Permanent Resident) at least 18 years old, own a New Zealand company (with a valid NZBN/IRD) and be able demonstrate at minimum 12 months of continuous trading.
A Larger Business Loan can be used to fund almost all company purpose including company renovations, to purchase inventory or new equipment for general working capital and so much more. The loan is not available for personal reasons.
Asset security is needed to obtain funding above $150,000. This is in the form of a charge on assets and can include registering this in the PPSR or filing a caveat.
A personal or director’s guarantee is a promise to pay back a loan that is general in nature rather than stipulating the security of a specific asset. The person who is signing the ensure is personally accountable if the company lender is not able to repay the debt.
The Personal Property Securities Register (PPSR) is a central, national online 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 priority over personal property to be granted according to the date the registration of a security interest.
The caveat can be described as a formal document lodged to provide notice of a legal claim to property.
When you’re applying for an enterprise loan that is greater than $250K it is possible to offer a preliminary pre-approval to help simplify the process. It is possible to make this decision without credit checks and within 6 hours of the initial application. The pre-approval process is based on an initial evaluation that involves you answering a few financial well-being questions. This is neither an offer nor a guarantee of finance. Unconditional approval is subject to an exhaustive credit evaluation, and any offer you may receive may be subject to different conditions.
You are eligible to apply for an business loan if you;
The process for applying is fast and easy. Simply complete the online form in just a few minutes, and a dedicated business lending specialist will be in touch to assist you.
For a loan of up to $100,000, you’ll require proof of identity (valid Driver’s Licence), a valid NZBN/IRD and at least six months worth of bank statements.
In addition, for larger loan sizes, you’ll also 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: Information on the application including credit consent as well as 12 month bank accounts, the IRD statement as well as the two most recent years’ financial statements, plus interim current financial year financials as well as Aged Payables and Receivables reports.
For an unsecured loan ($5K up to $100,000) we can often provide an answer in just one hour – as long as you apply in quality company hours and let us utilise the advanced bank verification system to instantly verify your bank details online. If you decide to upload copies of your banking statements , we will be able to offer the decision in as little as 1 business day.
For the Larger Business Loan ($100K or more) we could be able to offer the conditional pre-approval in about six hours. After you’ve signed the pre-approval document, you will require to wait about 2-3 days for final approval, however this may be quicker depending upon the circumstances for each application. Certain agreements have been approved within 24 hours.
The quickest method for you to apply is make sure you apply during standard company hours and permit us to use the advance bank verification to check your bank’s information online. If you opt to send us duplicates of your banking accounts, it will take a little longer.
For the Small Business Loan ($5K and up) we can often provide a response in one hour if you make your application during standard business hours and allow us to utilise the advanced bank verification system link to instantly verify your bank information online. If you opt to upload copies of your bank statements we can provide the decision within 1 business day.
For the Larger Business Loans ($100K and up) we could be likely to provide you with conditional pre-approval within six hours. Once you have signed the pre-approval, turnaround times are between 2 and 3 days for the final approval. However, it could be faster based on the particular circumstances of each application. Certain transactions have received approval in 24 hours.
The quickest method can be make sure you apply during normal business hours. You can also let us use the modern bank verification link to check your bank’s information online. If you upload documents from your account statements, it will take a little longer.
We provide 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 for your company and the extent of payments your business will be able to support. The total amount of the loan will be determined by the specifics for your company.
When you make an application for a certain amount, we will consider a number of aspects to determine your well-being for your company and the extent of payments your company is able to afford. The total amount of your loan will depend on the specifics the company.
If you decide to apply for the business financing, we’ll assess the risk assessment of your company and provide an individualised offer that includes the amount of the loan, the duration and interest rates. It is a company loan is a loan that is priced upfront so you will know in advance the total amount to be paid, including any interest rates, fees or charges.
Business loan interest rates differ based on various factors such as the amount that is of money borrowed, the company assets the money are used to purchase and the sector the business is operating in, how long the business is in operation, how long the business has sufficient cash flow to support the loan, and general well-being or financial standing of the business.
There aren’t any hidden charges with our company loans. You’ll know precisely how much you’ll need to pay and when, right from the day you sign up. There’s no compounding and no additional fees (as as you make your payments in time).
We do not charge an application fee. You can apply for a loan no cost upfront or any obligation to sign up.
The Origination Fee includes the expenses associated with setting up and managing the loan. It is only charged for this fee if you proceed with the loan. Our Origination Fee is 2.5 percent of the amount of the loan.
You can repay the entire amount of the loan in full at any time.
If you choose to do this please talk to one of our helpful business lending professionals. The professionals will offer you with repayment details as well as an early payout amount. This will be calculated as the total of the principal remaining and any accrued interest at the time of early payout plus 1.5% of the remaining principal as well as any outstanding fees.
To help you avoid missing payment dates and to align your cash flow cycle we offer repayments that are either daily or weekly. They will be automatically deducted from your company account.
Protecting your information, and making it clear the ways we gather the information we collect, use, share and secure your information, is of paramount importance and an integral element of our relationship with you.
Yes. We use industry recognised encryption standards to secure your sensitive, personal financial and other data. Our funders are ISO 27001 qualified for our commitment to the security of our customers as well as their privacy. We employ an exceptionally sophisticated bank verification system to immediately verify your bank account details online. This allows us to offer rapid response.
Asset-based borrowing is when an business owner utilises assets they own to make a loan. The asset can be an individual property, such as the family home, or an business property like a truck or other piece of machinery.
The vast majority of the lenders not just the big banks, tend to make loans secured by assets. If you’re having trouble paying back the loan then your assets could be transferred to the lender. In essence it’s means of securing additional financing using the worth of the asset you already own.
For loans up to $150K there is no requirement for asset security in advance to gain access to the funds however, we require a personal guarantee. need an individual guarantee. So long as you comply with your loan obligations (as stipulated in your loan contract document), asset security will never be required. For loans over $150K generally, there is personal ensure and security is provided in the form of charges on assets.
While we aren’t able to help with an unsecure business loan in these types of industries, we may be able to assist you with secured business loan.
