Services in Epuni
- Unsecured Business Loans Epuni
- Business Finance Epuni
- Epuni Business Lending
- Business Loans Epuni
- Small Business Finance Epuni
- Business Funding Epuni
- Epuni Working Capital
- Small Business Lending Epuni
- Short Term Business Loan Epuni
The requirements for getting an unsecured business loan in Lower Hutt of between $5K and $100K are fairly minimal.
Are you looking for additional funding? Check out the guidelines for eligibility for our $100K to $500K company financing.
All that’s required to begin is your contact information (the name of your company, your name, email or phone number) along with the amount you’d like to lend, and your monthly revenue.
During the process and before settlement we will require confirmation of your identity, but not before we can begin:
Once we’ve started in the process, for loans greater than $150,000 you will also need fundamental financial statements:
Let’s get started.
Lower Hutt unsecured loans offers the range of $5,000 to $100,000 with terms between 3 and 24 month and cash flow friendly repayments which can be made daily or weekly.
Apply to get this Small Business Loan in under 10 minutes via the internet or by phone. You will receive a same day response and have the funds in your account in 24 hours. Traditional company loans have an annual rate of interest plus other fees and charges. We offer a company loan is a cash-based loan and you’ll be aware of the total amount to be paid, including any interest, fees or charges. This is then divided into a daily or weekly repayment figure.
The Small Business Loan can be used for almost every business reason, such as the management of cash flow, company remodeling, marketing, to purchase inventory or new equipment, to fund general working capital and much more. The loan is not available for personal use.
The Larger Business Loan is a larger size of loan that can be used to fund business growth opportunities. Loans range from $100,000 to $500,000 over a fixed term up to 36 months. Repayments are either weekly or fortnightly to work with you cashflow.
The Larger Business Loan has an Origination Fee, which is calculated at 2.5% of the amount of the loan.
To be eligible for a loan that is this large the company needs to be operating for a minimum of 3 years and generate an annual revenue of $700K. You must 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 to demonstrate at minimum 12 months of business.
A larger business loan is a great option for almost all company use, including business improvements, purchasing new equipment or inventory for general working capital and so much more. The loan is not available to fund personal expenses.
Asset security is required for accessing funds over $150,000. It’s as a result of an charge over assets, and could include the registration of this with the PPSR or making a caveat.
A director’s or personal ensure is a promise to pay back a loan that is general in nature rather than specifying the security of a specific asset. The person who is signing the guarantee is personally responsible if the company lender is not able to pay back the debt.
The Personal Property Securities Register (PPSR) is an online central registry run by the New Zealand Government. It reflects security interests which are registered with respect to personal property (including the assets or goods). The PPSR allows preference over private property granted according to the date the security interest has been registered.
Caveats are legal document filed to provide the public notice of a legal claim on a property.
If you’re seeking larger business loans of more than $250K we may be able to provide an initial pre-approval in order to ease the process. We might be able to do this without a credit check, and within 6 hours of the initial application. This pre-approval is made based on an initial assessment, which involves answering a couple of financial well-being checks. This is neither an offer nor a guarantee of credit. Unconditional approval is subject to an exhaustive credit evaluation, and any offer that you receive could have different conditions.
You may be eligible for a company loan if you;
The application process is quick and easy. Just fill out the online application within a few minutes and an experienced business loan specialist will be in touch to help you.
To apply for up to $100,000 you’ll need identification details (valid Driver’s License) along with an active NZBN/IRD, and at least 6 months of bank statements.
In addition, for larger loan sizes, you’ll require:
$100K-$250K: Application requirements, including credit consent, 6-12 months of bank statements, IRD statement (if loan above $150K).
$250K to $500K: Application details including credit consent twelve months of bank records, IRD statements and the last two years’ finalised financial statements, plus interim financial statements for the current year as well as Aged Payables and Receivables summaries.
For an unsecured loan ($5K to $100K) we can often provide an answer in just one hour if you make your application during quality company time and you allow us to utilise the advanced bank verification system link to instantly verify your bank information online. If you want to submit copies of your bank statement, we’ll offer an answer within just 1 business day.
For the Larger Business Loan ($100K up to $500,000) we may be in a position to offer you with conditional pre-approval within 6 hours. Once you’ve signed the pre-approval document, you will need to wait between 2 and 3 days for the final approval. However, this can be quicker based on the particular circumstances of each application. Some transactions have received approval within just 24 hours.
The most efficient method would be to ensure you apply during normal business hours. You can also permit us to use the advanced bank verification system link to verify your bank information online. If you upload documents from your account statement, it will take a little longer.
For the Small Business Loan ($5K or more) We can usually offer a response in one hour if you apply within normal business timings and you allow us to use the bank verification system link to immediately verify your bank account information online. If you want to submit copies of your bank statements we can offer the decision in just the span of one business day.
If you are applying for Larger Business Loans ($100K to $500K) we might be able to provide you with pre-approval conditional to your application in about six hours. Once you’ve signed your pre-approval document, you will need to wait between 2 and 3 days for the final approval, however it could be faster based upon the circumstances for each application. Certain deals have been approved in the space of 24 hours.
The quickest method is to make sure you apply during normal business hours and allow us to use the advance bank verification link to instantly confirm your bank details online. If you choose to send us documents from your account statements, it will take a little longer.
We offer the loan amount between $5,000 to $500,000. When you submit an application for a particular amount, we consider a variety of aspects in order to assess what is the well-being that is your business and the level of payments your business can support. The amount you receive from your loan will be contingent on the particular circumstances for your business.
If you apply for a specific amount we take into consideration a variety of aspects to determine how much we can lend you such as well-being of the business and the amount of payments your business can support. The total amount of the loan will be determined by the particular circumstances that are unique to your business.
When you apply for our business financing, we’ll assess the risk assessment of your company and offer you with a tailored proposal that includes the amount of loan, the term and interest rates. It is a business loan is a loan that is priced upfront so you will 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 such as the amount that is that is borrowed, what company assets the funds are used to purchase and the sector the business operates in, the long the company has been running for, what percentage of the company has sufficient cash flow to pay for the loan, as well as the overall well-being and creditworthiness of the company.
There are no hidden fees for our business loans. You’ll know precisely how much it is that you need to pay and at what time, from the first day. There’s not any compounding interest and the loan comes with no additional fees (as long as you are able to make your payments punctually).
We do not charge an application fee. You are able to get a cash loan with no upfront cost or commitment to apply.
The Origination Fee is the cost associated in establishing and managing the loan. The only way to pay this fee if you decide to take the loan. The Origination Fee for us is 2.5% of the amount of loan.
You can repay the entire amount of the loan at any point in time.
If you are deciding to do this please contact our helpful company lending professionals. They will offer you with repayment details and an early payout figure. This is calculated as the sum of the principal balance and the accrued interest up to the time of the early payout, plus 1.5% of the principal remaining as well as any outstanding fees.
In order to help you avoid missing repayments and to fit in with your cash flow cycle we provide payments that are either daily or weekly. These are automatically withdrawn from your business account.
Making sure that your information is secure, and making it clear the ways we gather, use, exchange and protect your information, is of paramount importance and an integral part of our relationship you.
Yes. We utilise industry-recognised encryption standards to secure your personal, sensitive financial and other data. Our funders are ISO 27001 qualified for our dedication to security for our customers and privacy. We employ an exceptionally sophisticated banking verification system to immediately verify your bank account details online. This allows us to provide rapid response.
An asset-based loan is when a company owner borrows from the assets they have to secure the loan. The asset could be an individual asset, such as the family home or an company property like a truck or piece or equipment.
The vast majority of the lenders not just the banks with the biggest size, prefer to make loans secured by an asset. If you’re having trouble paying back the loan, then your assets could be offered for sale by the lender. In essence, it’s an opportunity to secure additional financing making use of the value of what you already have.
For loans that exceed $150,000, it is not necessary to secure assets prior to the loan’s access However, we require a personal guarantee. require a personal guarantee. As long as you follow the terms of your loan (as detailed in your loan contract), asset security will never be required. If you take out loans in excess of $150,000 typically, you will need a personal ensure and security in the form an asset charge.
