Services in Puni
- Unsecured Business Loans Puni
- Business Finance Puni
- Puni Business Lending
- Business Loan Puni
- Puni Small Business Finance
- Business Funding Puni
- Puni Working Capital
- Small Business Lending Puni
- Puni Short Term Business Loans
The requirements for getting 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 loan.
All you need to begin is your contact information (the name of your company, your name, email, phone) as well as the amount you’d like to lend, as well as your monthly income.
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 with loans of more than $150,000 you’ll require the following financial statements:
Let’s get started now.
Auckland unsecured loans provides amounts between $5,000 and $100,000 with terms between 3 and 24 month and cash flow-friendly repayments which can be made daily or weekly.
You can apply to get your Small Business Loan in under 10 minutes via the internet or over the phone. You’ll get a same day response and funds may be available in just 24 hours. Traditional business loans refer to an interest rate per annum together with additional fees and charges. The business loan is a loan that is priced upfront and you’ll be aware in advance of the total amount due, which includes any interest, fees or charges. This is then broken down into either weekly or daily amount to be paid back.
The Small Business Loan can be used for virtually any company reason, such as cash flow management, company renovations, marketing to purchase inventory or new equipment, to fund general working capital, and much more. The loan is not available for personal reasons.
The Larger Business Loan is a larger loan size to support business growth opportunities. The loan ranges from $100,000 to $500,000 with a fixed-term that can last up to 36 months. The repayments are made weekly or fortnightly, depending on your situation.
It is crucial to note that the Larger Business Loan has an Origination Fee, determined at 2.5 percent of the amount of the loan.
In order to be eligible for a loan that is this large, your company needs to have been operating for at least three years, and have an annual income of at least $700K. The applicant must also be a New Zealand Citizen (or Permanent Resident) over 18 years as well as own a New Zealand business (with a valid NZBN/IRD) and be able of proving at the least 12 months of operating.
A larger company loan can be used for almost any company reason, such as company remodeling, buying new equipment or inventory or as general working capital and much more. The loan is not available for personal use.
Asset security is necessary for accessing funds over $150,000. This is in the form of a charge on assets, which could also include the registration of this with the PPSR or making as a caveat.
A director’s or personal guarantee is a commitment to repay credit that is general in nature rather than specifying the security of a specific asset. The person who signs the ensure is personally liable in the event that the business lender is not able to make the repayment.
The Personal Property Securities Register (PPSR) is a central, national online register run by the New Zealand Government. It contains security interests which are registered with respect to personal property (including the assets or goods). The PPSR permits preference over private property granted in accordance with the date on which a security interest that is registered.
An affidavit is an official document that is filed to provide notice of a legal claim against a property.
If you’re seeking larger business loans that exceeds $250,000, we may offer an initial pre-approval in order to simplify the process. We might be able to get this done without a credit check, and within 6 hours of your initial application. The pre-approval process is based on a preliminary assessment which includes you answering a few financial health checks. It’s neither an offer nor a guarantee of funds. A conditional approval is subject an assessment of your creditworthiness and any offer that you might receive could have different terms.
You are eligible to apply for a business loan if you;
The application process is simple and easy. Just fill out the online application within a couple minutes, and an experienced business expert in lending will be in touch to guide you through the process.
For a loan of up to $100,000, you’ll need identification details (valid Driver’s Licence) 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 IRD statements, bank statements (if you have a loan of more than $150K).
$250K – $500K: Details for application including credit consent as well as 12 months of bank records, IRD statement Last 2 years’ finalised financial statements, in addition to 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 often offer an answer in just one hour if you submit your request within quality business time and let us make use of the advanced bank verification system to instantly verify your bank’s information online. If you choose to submit copies of your bank statement, we’ll provide a decision within 1 business day.
For the Larger Business Loan ($100K to $500K) we might be capable of offer the conditional pre-approval within six hours. Once you have signed the pre-approval form, it will take approximately 2-3 days to receive final approval, however it could be faster based on the circumstances of each application. Certain deals have been approved in the space of 24 hours.
The quickest way to apply would be to ensure you apply during standard business hours, and allow us to use the advance bank verification link to instantly confirm your bank details online. If you opt to upload duplicates of your banking statements it may take a bit longer.
For the Small Business Loan ($5K to $100K) We can usually provide an answer in just one hour – provided you make your application during standard business times and allow us to use the advanced bank verification system to instantly verify your bank’s information online. If you choose to upload copies of your banking statements we can offer the decision in as little as one business day.
For Larger Business Loans ($100K or more) we could be capable of provide you with a conditional pre-approval within about six hours. Once you’ve signed your pre-approval, the turnaround time is around 2-3 days for final approval. However, this may be quicker depending on the specifics of each application. Certain deals have been approved within 24 hours.
The fastest way is to make sure you apply during normal business hours and let us use the modern bank verification link to confirm your bank details online. If you opt to send us the copies of bank statements, it may take a bit longer.
We provide the loan amount between $5,000 and $500,000. When you make an application for a certain amount, we take into consideration a range of elements to determine your health for your company and the level of the repayments your company is able to afford. The amount you receive from the loan will be determined by the specifics the business.
When you apply for a set amount, we look at a range of elements to assess how much we can lend you such as health for your business and the amount of repayments your business can support. The total amount of your loan will be contingent on the specifics for your business.
If you decide to request the business financing, we will assess the risk profile the company and provide an individualised offer including loan amount, term and the interest rates. The business loan is an upfront cost loan so you will know the exact amount you will have to pay, including costs, fees, or interest rates.
The interest rates on business loans rates vary due to variables like the amount to be of money borrowed, the business assets the funds are used to purchase, the industry the business is operating in, how long the business has been operating, how long the business has sufficient cash flow to pay for the loan, and overall well-being as well as creditworthiness business.
There aren’t any hidden costs with our company loans, and you’ll be aware of the amount you’ll be required to pay, and at what time, from the very first day. There’s no compounding and no additional fees (as long as you are able to make your payments on time).
We do not charge an Application Fee. You are able to request a credit loan with absolutely no upfront cost and no obligation to proceed.
The Origination Fee covers the costs associated with establishing and managing the loan. The only way to pay this fee if you choose to proceed with the loan. Our Origination Fee is 2.5 percentage of the amount of loan.
You can choose to repay the total amount of your loan at any point in time.
If you decide to take this route, please contact our helpful company loans experts. They’ll offer you with details on repayment as well as an early payout amount. This is calculated as the sum of the principal remaining and accrued interest to the time of early payout plus 1.5 percent of the principal amount remaining and any outstanding fees.
To ensure you do not miss payment dates and to align your cash flow schedule, we offer repayments either daily or weekly. They are automatically deducted from your designated company account.
The security of your personal information, as well as being transparent about how we collect, use, exchange and protect your information, is of huge importance and is an essential part of our relationship you.
Yes. We employ industry-recognised encryption protocols to safeguard your personal, sensitive financial and other data. Our funders are ISO 27001 certified for our dedication to protecting the security of customers and privacy. We make use of an advanced bank verification system to instantly verify the bank account details online so we can offer a fast response.
The term "asset-based" refers to borrowing where an company owner uses an asset that they own to make the funds for a loan. The asset can be an individual asset, such as the family home or it could be a business property like a truck or piece or equipment.
The vast majority of lending institutions, not just the big banks, tend to secure loans against an asset. If you’re having trouble paying back the loan, your assets could be transferred to the lender. In essence, it is means of securing new funding using the worth of the asset you already have.
For loans that exceed $150K, there is no requirement for asset security prior to the loan’s access but we do require a personal guarantee. So long as you comply with your loan obligations (as stated in the loan contract) and you are able to meet your obligations, asset security is not needed. For loans of over $150K typically, you will need the option of a personal ensure and security that is in the form charges on assets.
