An Epsom unsecured business loan is simple and quick to get. Request a quick approval and begin using the money for your business.
What to expect:
The criteria for eligibility for an unsecured business loan to be made in Epsom are fairly minimal.
Call Now 0800 200 324Requesting the business credit in Epsom with us is easy and takes just less than a minute, with no long lines of paperwork or waiting in line.
Approved and receive funds in 1 – 2 company days.
Our purpose is to assist Epsom businesses of all kinds, including medium, small and even solopreneurs access funds quickly so that they can utilise the loan to expand and grow.
The criteria for eligibility for an unsecured business loan in Epsom of between $5K to $100K are quite minimal.
Need more funds? Review the guidelines for eligibility for our $100K to $500K business financing.
The eligibility requirements in larger Epsom company loans of between $100K to $500K comprise:
Do you require a smaller amount of funding? Take a look at the conditions for eligibility for our $5K to $100K Epsom unsecured company loans.
An Epsom unsecured loan is perfect to use for any business purpose. Get in touch with us today.
Do you want to start working on one of these options as early as tomorrow? Get in touch with us now or apply online for the quickjest fasted way.
All that’s needed to start is your contact details (the name of your company, your name, email and telephone) along with the amount you’d like to borrow, as well as your monthly income.
While in the process and before settlement we will require confirmation of who you are, however, not in order to begin:
After we start, for loans that exceed $150,000, you’ll also require basic financial statements.
Let’s get started.
With traditional and bank lenders tightening credit conditions as well as the continuous stream of alternative and non-bank loan providers entering the market offers the perfect source to tap into.
Epsom SME’s are now able to access finance through alternative lenders that service Epsom who are focused on facilitating business expansion or smoothing the cash flow problems. The past was when personal credit sources (drawing equity from a home loan or credit cards in addition to personal loans and the overdraft) were the only alternative funding solutions for Epsom that were available.
There’s no need to depend on the real estate market to secure business loans. With an unsecured loan, business financing is easy. Instead of a term loan with banks, business finance for an SME with interest rates and loan terms that aid in cash flow are available as business loans.
There are numerous benefits with the separation of personal and company debt.
Limit your exposure, make the tax process simpler, start with an unsecure company loan, apply today.
One major benefit of keeping your personal and business assets separate will be the fact that your house isn’t necessarily tied up for access to the money. If you’re looking for a small business loan in Epsom up to $100K asset security won’t be required as long as the borrower fulfills the loan requirements.
Companies will be in a favourable long-term financial position if they are able to demonstrate credit/debt serviceability.
It is important to separate personal from business finances makes it more straightforward when it comes to tax time - especially when it comes to determining the tax deductible allocation. The IRD has set out requirements for evidence for claiming deductions on an individual’s tax return. This is an area the IRD has specifically advised on.
Effective cash flow management is vital to the long-term survival in any company. By keeping the personal financial and company finance separate, companies can easily view, monitor and plan based on their ability to easily assess their cash flow position.
Epsom unsecured loans offers amounts of between $5,000 and $100,000. The terms range between 3 and 24 months, cash flow friendly repayments, which are either daily or weekly.
You can apply to get your Small Business Loan in under 10 minutes over the phone, receive a same day response and have the funds in your account within 24 hours. Traditional business loans are based on an annual rate of interest plus other fees and charges. Our business loan is an upfront priced loan which means you be aware in advance of the total amount due, which includes any interest, fees or charges. This is then broken down into either a daily or weekly payment amount.
A Small Business Loan can be used to fulfill almost any company use, including the management of cash flow, business remodels and marketing, to purchase inventory or new equipment, for general working capital, and much more. The loan is not available for personal use.
The Larger Business Loan is a larger amount of loan to help business growth opportunities. Loans range from $100,000 to $500,000 over a fixed term up to 36 months. Repayments are scheduled weekly or fortnightly, depending on you cashflow.
The Larger Business Loan has an Origination Fee that is calculated at 2.5 percent of the amount of the loan.
To be eligible for a credit in this amount the company needs to have been trading for at least 3 years and have an annual turnover of at least $700K. The applicant must also be a New Zealand Citizen (or Permanent Resident) over 18 years, own a New Zealand business (with a valid NZBN/IRD) and be able of proving at minimum 12 months of business.
A larger company loan can be used for nearly any business need, including company improvements, purchasing new equipment or inventory, as general working capital and much more. The loan is not available for personal reasons.
Asset security is needed to access funding over $150,000. It’s by taking a charge against assets and can include registration with the PPSR or registering a caveat.
A director’s or personal guarantee is a promise to pay back a loan that is general in nature rather than defining the security of a specific asset. The person signing the ensure is personally liable if the business the borrower fails to re-pay the debt.
The Personal Property Securities Register (PPSR) is an online central register operated by the New Zealand Government. It records security interests that have been that are registered for personal property (including the assets or goods). The PPSR gives preference over private property assigned according to the date the registration of a security interest.
A caveat is a legal document that is filed to offer an official notice of a claim to property.
When you’re applying for a Larger Business Loan that is greater than $250K we can offer an initial pre-approval that will help ease the process. We may be able to apply for this without a credit check and within 6 hours of the initial application. The pre-approval is based upon a preliminary assessment which includes you answering some financial health checks. It’s not an offer of credit or guarantee of finance. Acceptance without condition is subject to an extensive credit evaluation and any offer you may receive may be subject to different conditions.
You may apply for a business loan if you
The process for applying is fast and simple. Just complete the online application in few minutes and a dedicated company lending specialist will call you to assist you.
To be eligible for up to $100,000 you’ll need ID details (valid Driver’s Licence) and a valid NZBN/IRD and at least six months worth of bank statements.
In addition, for larger loan sizes, you’ll need:
$100K to $250K: Application requirements, including credit consent, 6-12 months of bank statements, IRD statement (if credit is over $150K).
$250K-$500K: Information on the application including credit consent, 12 months bank statement, an IRD statements, last 2 years finalised financial statements, plus interim financials from the current financial year, Aged Payables and Aged Receivables Summary.
For an unsecured loan ($5K and up) we usually provide an answer within one hour, provided you apply at quality business hours and permit us to use the advanced bank verification system to instantly verify your bank information online. If you choose to upload copies of your bank statements , we will be able to offer the decision in just an company day.
For the Larger Business Loan ($100K or more) we might be able to offer you with pre-approval conditional to your application within about six hours. After you’ve signed your 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 specifics of each application. Some deals have been approved within 24 hours.
The quickest way to apply can be make sure you apply during standard business hours and permit us to use the advance bank verification link to instantly confirm your bank details online. If you upload documents from your account statements , it takes a bit longer.
For the Small Business Loan ($5K to $100K) We can usually provide an answer within one hour – provided you make your application at standard business times and allow us to utilise the advanced bank verification system to instantly verify your bank information online. If you want to send us copies of your bank statements we can provide a decision in as little as one business day.
For Larger Business Loans ($100K up to $500,000) we may be likely to provide you with pre-approval conditional to your application in around 6 hours. After you’ve signed the pre-approval, the turnaround time is between 2 and 3 days for the final approval, however this may be quicker depending on the particular circumstances of each application. Some deals have been approved within just 24 hours.
The quickest method is to ensure you apply during standard business hours, and allow us to use our advance bank verification link to instantly confirm your bank details online. If you send us duplicates of your banking accounts, it may take a bit longer.
We provide loans that range from $5,000 and $500,000. When you submit an application for a certain amount we look at a variety of variables to determine the health for your business as well as the amount of repayments your business will be able to support. The total amount of the loan will be determined by the particular circumstances that are unique to your business.
When you make an application for a specific amount we take into consideration a variety of aspects to determine the health for your business and the extent of payments your business is able to afford. The amount you receive from your loan will depend on the specific circumstances the business.
When you request business loans with us business loans, we will assess the risk assessment for your company and provide an individualised offer, including loan amount, term and interest rates. This company loan is an upfront priced loan and you’ll be aware of the total amount to be paid, including any charges or interest.
Interest rates for company loans rates depend on several factors such as the amount that is borrowed, the company assets the funds will be used for in addition to the industry that the company is operating in, how long the business has been in operation as well as what percentage of the business has sufficient cash flow to support the loan, and the general health as well as creditworthiness business.
There are no hidden fees with our company loans. You’ll be aware of the amount it is that you be required to pay, and when, from day one. There’s not any compounding interest and no additional fees (as long as you make your payments in time).
We do not charge an application fee. You can make an application for loans with without any upfront costs or commitment to apply.
The Origination Fee is the cost associated in establishing and managing the loan. It is only charged for 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 total amount of your loan at any point in time.
If you decide to take this route, please contact our helpful business credit specialists. They will offer you with repayment details and an early payment figure. It will be calculated using the total of the principal remaining and the accrued interest up to the time of early payment plus 1.5 percent of the principal amount remaining plus any outstanding fees.
To ensure you do not miss payments and to work your cash flow schedule, we offer repayments either daily or weekly. They will be automatically deducted from your nominated company account.
Protecting your information, and making it clear how we collect data, process, exchange and safeguard your data, is of huge importance and a vital aspect of our relationship with you.
Yes. We use industry recognised encryption protocols to safeguard your sensitive, personal financial information and our funders are ISO 27001 qualified for our dedication to security for our clients and security. We employ an exceptionally sophisticated banking verification system to immediately verify the bank account details online, allowing us to offer an immediate response.
Asset-based borrowing occurs when an business owner uses assets they own to get the loan. The asset may be an individual property, such as the family home, or it could be a company asset such as a truck or piece or equipment.
The vast majority of banks, not just the big banks, tend 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 is a way of securing new financing by using the worth of the asset you already have.
For loans of up to $150K, the requirement for asset security is not required before you can access the money However, we require a personal guarantee. require a personal guarantee. So long as you comply with the loan terms (as detailed in the loan contract) the security of assets is not required. If you take out loans in excess of $150K generally there is an individual ensure and security is provided in the form of a charge over assets.
Although we can’t help with an unsecured business loan for these industries, we may be able assist with an secured business loan.
