Services in Puni
- Unsecured Business Loans Puni
- Business Finance Puni
- Business Lending Puni
- Puni Business Loans
- Small Business Finance Puni
- Puni Business Funding
- Working Capital Puni
- Small Business Lending Puni
- Puni Short Term Business Loan
The requirements for obtaining an unsecured business loan in Auckland of between $5K and $100K is fairly low.
Need more funds? Find out the guidelines for eligibility for our $100K-$500K company loan.
All that’s needed to start is your contact details (the name of your company, your name, email address and phone) along with the amount you’d like to borrow, and your monthly earnings.
During the process and before settlement we will need confirmation of your identity, but not for starting:
In addition, once we have started, for loans greater than $150,000 you’ll require the following financial statements:
Let’s get started.
Auckland unsecured loans provides amounts between $5,000 and $100,000 with terms between 3 and 24 months, cash flow-friendly repayments, which are either daily or weekly.
Apply for your Small Business Loan in under 10 minutes by phone. You will receive a same day response and the money could be on your account within 24 hours. Traditional company loans are based on an annual rate of interest together with additional fees and charges. We offer a company loan is a loan that is priced upfront and you’ll be aware of the total amount to be paid, including any interest, fees or charges. This is then broken down into a daily or weekly repayment figure.
A Small Business Loan can be used for virtually every company use, including control of cash flow business improvements, advertising for purchasing inventory or new equipment, as general working capital and much more. The loan is not available for personal use.
The Larger Business Loan is a larger loan size to support business growth opportunities. Loans range from $100,000 to $500,000 with a term fixed up to 36 months. Repayments are either weekly or fortnightly, depending on your cash flow.
It is important to note that the Larger Business Loan has an Origination Fee which is determined at 2.5 percentage of the amount of the loan.
To be eligible for a credit of this size the company needs to be in operation for at least 3 years with an annual turnover of $700K. You must 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 to prove at least 12 months of trading.
A large business loan can be used for nearly every company use, including company improvements, purchasing new equipment or inventory or as general working capital and much more. The loan cannot be used to fund personal expenses.
Asset security is necessary to access funding over $150,000. This can be done in the form of a charge against assets and can include registration through the PPSR or registering a caveat.
A personal or director’s guarantee is a guarantee to repay a loan which is generally based rather than specifying security over a particular asset. The person signing the guarantee is personally accountable if the company lender is not able to pay back the debt.
The Personal Property Securities Register (PPSR) is a central, national online register that is operated by the New Zealand Government. It contains security interests that are registered for personal property (including objects or assets). The PPSR gives prioritisation over property that is personal to be assigned depending on the date that a security interest has been registered.
An affidavit is an official document filed to offer an official notice of a claim to a property.
If you’re requesting a Larger Business Loan of $250K or more, we may offer an initial pre-approval to smooth out the process. We might be able to apply for this without a credit check, and within 6 hours of the initial application. This pre-approval is based on an initial assessment that includes answering a couple of financial well-being questions. It’s in no way an offer, nor is it a guarantee of financing. Acceptance without condition is subject to an exhaustive credit evaluation, and any offer you might receive could have different conditions.
You may apply for a company loan if you:
The application process is quick and easy. Just complete the online application in just a few minutes, and a dedicated business credit specialist will contact you to guide you through the process.
For a loan of up to $100,000 you’ll require proof of identity (valid Driver’s Licence) and a valid NZBN/IRD as well as at least six months worth of bank statements.
In addition, for larger loan sizes, you’ll also require:
$100K – $250K: Information about the application including credit approval, 6-12 months of IRD statements, bank statements (if the loan is greater than $150K).
$250K – $500K: Application details including credit consent twelve month bank accounts, the IRD statements, last 2 years finalised financial statements, as well as interim financials from the current financial year as well as Aged Payables and Receivables summaries.
For an unsecured loan ($5K and up) we can often offer a response in one hour – as long as you apply during standard company times and you allow us to use the advanced bank verification system to immediately verify your bank account information online. If you opt to upload copies of your bank statements we can offer a decision within just one company day.
If you are applying for a Larger Business Loan ($100K or more) we could be able to provide you with a conditional pre-approval in around six hours. Once you have signed the pre-approval form, it will take about 2-3 days for final approval, however this could be shorter based on the circumstances of each application. Certain agreements have been approved in just 24 hours.
The quickest way to apply would be to make sure you apply during normal business hours, and permit us to use the modern bank verification link to verify your bank information online. If you choose to send us duplicates of your banking statements , it will take a little longer.
For the Small Business Loan ($5K up to $100,000) We can usually offer an answer within one hour – provided you apply in standard business hours and allow us to utilise the advanced bank verification system link to instantly verify your bank’s information online. If you choose to upload copies of your banking statements, we are able to offer the decision in as little as one business day.
If you are applying for Larger Business Loans ($100K up to $500,000) we might be likely to provide you with pre-approval conditional to your application 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 it could be faster based on the circumstances of each application. Some offers have been approved in the space of 24 hours.
The most effective method would be to ensure you apply during standard business hours. Also, let us use the advanced bank verification system link to confirm your bank details online. If you choose to upload duplicates of your banking accounts, it can take a bit longer.
We offer loans ranging from $5,000 and $500,000. When you make an application for a certain amount, we look at a variety of elements that determine what is the well-being for your company and the amount of repayments that your company will be able to support. The total amount of the loan will be determined by the particular circumstances that are unique to your company.
If you apply for a particular amount, we take into consideration a variety of elements to assess your well-being that is your company and the amount of payments your company can support. The amount you receive from your loan will be determined by the particular circumstances the business.
If you decide to request the business loans, we will assess the risk profile for your company and provide you with a customised proposal that includes loan amount, term and interest rates. This business loan is an upfront priced loan so you will know the exact amount you will have to pay, including charges, interest rates or fees.
Business loan interest rates differ based on various factors such as the amount that is borrowed, the business assets the funds will be used for as well as the field the company is in, how long the business has been in operation as well as in the event that the business has enough cash flow to fund the loan, and also the general well-being as well as creditworthiness business.
There are no hidden costs for our business loans. You’ll be aware of the amount you’ll need to pay and when, right from day one. There’s no compounding 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 without any upfront costs or the obligation to take action.
The Origination Fee covers the costs associated with establishing 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 loan amount.
You can repay the total amount of your loan in full at any time.
If you are deciding to take this route, please contact our helpful company lending professionals. They will provide you with repayment details along with an early payout estimate. It will be calculated using the total of the principal amount remaining and accrued interest to the time of early payment in addition to 1.5 percent of the principal remaining and any outstanding fees.
To help you avoid missing payments and to work with your cash flow cycle we offer repayments that are either daily or weekly. These are automatically deducted from the nominated business account.
Making sure that your information is secure, and knowing how we collect the information we collect, use, share and ensure the security of your information is of huge importance and a vital aspect of our relationship with you.
Yes. We use industry recognised encryption standards to protect your sensitive, personal financial information and our funders are ISO 27001 qualified for our dedication to the security of our clients as well as their privacy. We make use of an advanced bank verification system link to immediately verify the bank account details online. This allows us to provide an immediate response.
The term "asset-based" refers to borrowing where an business owner makes use of assets they own to make a loan. The asset can be an individual asset, such as the family home or an company asset like a truck or piece of equipment.
The majority of banks, including the largest banks, are inclined to secure loans against assets. If you are having difficulty paying back the loan then the asset might be taken over by the lender. In essence it’s an opportunity to secure new funding using the value of what you already own.
For loans of up to $150,000, it is not necessary to secure assets before you are able to access the money, however we do need a personal guarantee. As long as you follow your loan obligations (as stated in the loan contract) Asset security will never be needed. For loans of over $150K generally, you can get the option of a personal guarantee and security in the form charges on assets.
