A Puni unsecured business loan is easy and quick to apply for. Approve your loan in a matter of minutes and begin using the money to grow your business.
What to expect:
The eligibility requirements for an unsecured business loan within Puni are fairly minimal.
Call Now 0800 200 324The process of applying for the business credit within Puni with us is easy and takes just some minutes, without lengthy forms or lines.
Approved and receive cash within 1-2 business days.
We aim to help Puni businesses of all sorts small, medium even solopreneurs access money quickly, so that they can make use of the loan to build and expand their business.
The requirements for getting an unsecured business loan in Puni of between $5K to $100K are quite minimal.
Need more funds? Check out the eligibility requirements for our $100K to $500K business loan.
The criteria for eligibility for loans from larger Puni business loans of between $100K to $500K comprise:
Looking for a smaller amount of money? Find out the eligibility requirements for our $5K-$100K Puni unsecured company loans.
A Puni unsecured loan is perfect to use for any business reason. Get in touch with us today.
Want to get started on one of these projects as soon as tomorrow? Get in touch with us or apply online now to apply the fastest, most convenient way.
All that’s needed to start is your contact information (company name, your name, email address and phone), how much you’d like to borrow and your monthly income.
In the course of the process and before settlement we’ll require confirmation of who you are however, not in order to begin:
Additionally after we get started in the process, for loans greater than $150,000 you’ll also need the following financial statements:
Let’s get started.
With traditional lenders and banks tightening credit conditions, the steady stream of alternative and non-bank loan providers entering the market offers an incredible source for you to take advantage of.
Puni SME’s are now capable of accessing finance through alternative lenders who service Puni who are focused on facilitating business expansion or smoothing out the cash flow problems. The past was when individual credit providers (drawing equity from the house loan, or using credit cards or personal loans, as well as loans) could be the best alternative funding solutions for Puni that were around.
There’s no need in the present to rely on the real estate market to secure company loan. With an unsecured loan, business financing is now easy. Instead of a term loan with the bank, business finance for an SME with interest rates and loan terms that can help with cash flow is around as business credit options.
There are many benefits with the separation of personal and company debt.
Limit your exposure, and make tax times more simple, apply for an unsecured busines loan. Apply today.
One of the main benefits of keeping your personal and business assets apart will be the fact that your home does not have to be tied to access the funds. If you’re looking for a small business loan in Puni up to $100K asset security won’t be required so long as the borrower is able to meet their loan obligations.
Companies will be in a favourable long-term position if they are able to demonstrate credit/debt capability.
A separation between personal and company finances makes it significantly more straightforward when it comes to tax time - especially when it comes to determining the tax deductible allocation. The IRD has outlined the requirements for evidence for claiming deductions on an organisation’s tax return. This is an area where the IRD has specifically advised on.
A well-organised cash flow management system is key for the long-term viability of any company. By maintaining personal as well as company finances separate, companies can easily view their cash flow, plan and monitor it based on the ability to clearly assess their cash flow position.
Puni unsecured loans provides the range of $5,000 to $100,000, with terms ranging from 3 and 24 months, cash flow friendly repayments, which are either daily or weekly.
Apply to get the Small Business Loan in under 10 minutes on the phone. You’ll receive an immediate response, and funds may be on your account within 24 hours. Traditional company loans have an interest rate per annum as well as other fees and charges. This company loan is a cash-based loan therefore you’ll be aware in advance of the total amount to be paid, including any fees, interest or charges. This is then broken down into either weekly or daily repayment figure.
The Small Business Loan can be used to fulfill almost any business reason, such as the management of cash flow, company remodels and marketing to purchase inventory, new equipment, for general working capital, and much more. The loan is not available for personal purposes.
The Larger Business Loan is a larger size of loan that can be used to fund business expansion opportunities. The loan ranges from $100,000 to $500,000 for a fixed period of for up to 36 months. Repayments are either weekly or fortnightly to work with you cashflow.
A Larger Business Loan has an Origination Fee which is calculated at 2.5 percentage of the amount of the loan.
To be eligible for a loan of this size the business needs to be operating for at least three years with an annual turnover of $700K. You must be a New Zealand Citizen (or Permanent Resident) with a minimum age of 18 years old, own a New Zealand business (with a valid NZBN/IRD) and be able to demonstrate at least 12 months of trading.
A larger company loan can be used for nearly all business need, including company improvements, purchasing inventory or new equipment, as general working capital and much more. The loan cannot be used to fund personal expenses.
Asset security is needed to obtain funding above $150,000. It is usually in the form of a charge on assets, and may include the registration of this through the PPSR or registering as a caveat.
A personal or director’s ensure is a promise to repay a loan which is generally in nature rather than stipulating security over a particular asset. The person who signs the guarantee is personally liable in the event that the business creditor is unable to make the repayment.
The Personal Property Securities Register (PPSR) is an online, central register that is operated by the New Zealand Government. It records security interests that have been which are registered with respect to personal property (including objects or assets). The PPSR allows the priority of personal property assigned in accordance with the date on which a security interest has been registered.
An affidavit is an official document that is filed to provide an official notice of a claim to a property.
If you’re applying for larger business loans that exceeds $250K it’s possible to offer a preliminary pre-approval to help ease the process. We might be able to make this decision without a credit check and within 6 hours of the initial application. This pre-approval is made based on an initial assessment, which involves you answering a few financial health checks. This is not an offer or guarantee of credit. A conditional approval is subject an extensive credit evaluation and any offer that you might receive could have different conditions.
You may apply for a business loan if you:
The application process is fast and easy. Simply complete the online form within a few minutes and an experienced business credit specialist will call you to guide you.
To apply for up $100,000 you’ll require proof of identity (valid Driver’s License) and an NZBN/IRD that is valid and at least 6 months of bank statements.
If you’re looking for loans with larger sizes, you’ll require:
$100K – $250K: Information about the application including credit approval, 6-12 months of IRD statements, bank statements (if credit is over $150K).
$250K to $500K: Details for application including credit consent as well as 12 months of bank records, IRD statement as well as the two most recent years’ financial statements, in addition to interim financials from the current financial year including Aged Payables, Aged Receivables Summary.
For an unsecured loan ($5K or more) we can often offer a response in one hour if you make your application during quality business timings and let us use the advanced bank verification system link to immediately verify your bank account information online. If you decide to send us copies of your bank statement, we’ll offer the decision within just 1 business day.
For Larger Business Loans ($100K and up) we could be in a position to offer you with pre-approval conditional to your application in around 6 hours. After you’ve signed the pre-approval, the turnaround time is approximately 2-3 days to receive final approval. However, this can be quicker based upon the circumstances for each application. Certain deals have been approved in the space of 24 hours.
The quickest way to apply can be make sure you apply during normal business hours. You can also allow us to use our advanced bank verification system to instantly verify your bank information online. If you choose to upload the copies of bank statements , it will take a little longer.
For the Small Business Loan ($5K up to $100,000) we usually offer an answer within an hour if you apply during normal business timings and allow us to make use of the advanced bank verification system link to instantly verify your bank’s information online. If you opt to submit copies of your bank statement, we’ll offer the decision in just the span of one business day.
If you are applying for Larger Business Loans ($100K and up) we might be able to offer you with pre-approval conditional to your application within about 6 hours. Once you’ve signed your pre-approval form, it will take between 2 and 3 days for the final approval. However, this could be shorter based upon the circumstances for each application. Some offers have been approved within the space of 24 hours.
The most effective method is to ensure you apply during standard business hours and allow us to use the advanced bank verification system to verify your bank account information online. If you send us the copies of bank statements, it can take a bit longer.
We provide loans ranging from $5,000 to $500,000. When you submit an application for a certain amount, we consider a variety of aspects to determine how much we can lend you well-being that is your company and the level of repayments that your business can support. The total amount of your loan will depend on the specifics for your company.
If you apply for a specific amount we look at a range of elements to assess the health of the business and the extent of repayments that your company can afford. The amount you receive from the loan will be determined by the specific circumstances that are unique to your company.
If you decide to apply for one of our company loan, we’ll assess the risk profile for your business and provide an individualised offer that includes the amount of loan, the term and interest rates. The company loan is an upfront cost loan which means you be aware of the total amount due, which includes any costs, fees, or interest rates.
Interest rates for company loans rates differ based on various factors including the amount that is borrowed, what business assets the money are used to purchase, the industry the business is operating in, how long the business has been operating as well as what percentage of the company has enough cash flow to pay for the loan, and the general well-being and creditworthiness of the business.
There are no hidden costs with our business loans, and you’ll know precisely what you be required to pay, and when, starting 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 are able to make an application for loans with without any upfront costs or the obligation to take action.
The Origination Fee covers the expenses involved 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 percentage of the amount of the loan.
You can repay the entire amount of your advance loan at any time.
If you do decide to do this please speak to our friendly business credit experts. The professionals will provide you with repayment details along with an early payout estimate. It will be calculated using the sum of the remaining principal amount and accrued interest to the time of early payment and 1.5 percent of the principal balance as well as any outstanding fees.
To make sure you do not miss payments and to work with your cash flow standard, we provide repayments either daily or weekly. They are automatically deducted from your nominated business account.
Making sure that your information is secure, and being transparent about how we collect information, use it, and exchange it, as well as protect your information, is crucial and is an essential part of our relationship you.
Yes. We utilise industry-recognised encryption techniques to protect your sensitive, personal as well as financial data. Our funders are ISO 27001 certified for our commitment to security for our clients and privacy. We utilise a sophisticated banking verification system to instantly verify your bank account information online to offer an immediate response.
An asset-based loan is when the business owner uses an asset they own to obtain the funds for a loan. The asset can be an individual asset, such as the family home, or a business asset like a truck as well as a piece of machine.
The vast majority of lending institutions, even the banks with the biggest size, prefer to secure loans against an asset. If you have trouble paying back the loan, then the asset could be transferred to the lender. In essence it’s an opportunity to secure new financing making use of the value of what you already have.
Up to $150,000 in loans the requirement for asset security is not required in advance to gain access to the funds However, we require a personal guarantee. require an individual guarantee. As long as you follow the loan terms (as stipulated in your loan contract) and you are able to meet your obligations, asset security is not required. For loans that exceed $150,000, typically, you will need personal ensure and security in the form a charge over assets.
Although we cannot assist with an unsecure business loan for these types of industries, we may be able assist with an secured business loan.
