A Puni unsecured business loan is quick and simple to apply for. Request a quick approval and use the money in your business.
What to expect:
The conditions for eligibility for an unsecured business loan for a company loan Puni are fairly minimal.
Call Now 0800 200 324Requesting a company loan for business in Puni with us is easy and takes only some minutes, without long lines of paperwork or waiting in line.
Get approved and receive your funds in one to two business days.
We are aiming to assist Puni companies of all kinds, from small to medium-sized solopreneurs to access funding fast so they can make use of the loan to expand and develop.
The eligibility requirements for an unsecured business loan in Puni of between $5K and $100K are pretty minimal.
Are you looking for additional funding? Check out the guidelines for eligibility for our $100K to $500K company loan.
The requirements for eligibility for the larger Puni business loans of between $100K to $500K comprise:
Looking for a smaller amount of capital? Find out the eligibility requirements for our $5K-$100K Puni unsecured business loans.
A Puni unsecured loan is ideal for virtually every company use. Call us now.
Do you want to start working on one of these options as early 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 (the name of your company, your name, email, phone) as well as the amount you’d like to borrow and your monthly revenue.
During the process and before settlement we will need confirmation of your identity but not to get started:
Additionally after we get started, for loans over $150,000 you’ll require basic financial statements.
Let’s get started.
With traditional lenders and banks tightening their credit terms The steady flow of alternative and non-bank loan providers that are entering the market provides a great resource to take advantage of.
Puni SME’s are now in a position to obtain finance via alternative lenders that service Puni who are focused on enabling business expansion or smoothing out cash flow challenges. In the past, when individual credit providers (drawing equity from a house loan, or using credit cards, personal loans and the overdraft) were the only alternative funding services available in Puni that were available.
There is now there is no need to depend on real estate to secure company loan. With an unsecured loan business financing is now easy. Instead of a term loan through the bank, business finance for a small business with interest rates and loan terms that can help in cash flow are available as business credit options.
There are substantial benefits associated with the separation of personal and business debt.
Limit your exposure, make tax time easier, get started with an unsecure business loan. Apply today.
One major benefit of keeping your individual and business assets separate can be that your house isn’t necessarily tied up for access to the money. For a modest business loan within Puni up to $100K the security of assets won’t be required so in the event that the borrower has met their loan obligations.
Companies are in a stable long-term position when they have a good credit or debt serviceability.
A separation between personal and company finances makes it significantly more straightforward in the event of tax time, particularly when identifying what is the tax-deductible allocation. Particularly when determining what is the tax deductible allocation. IRD has set out the guidelines for the documentation required to claim deductions on a company’s tax return. This is an area that the IRD has specifically advised on.
Effective management of cash flows is vital to the longevity of any company. By keeping personal and business finances separate, companies can easily view their cash flow, plan and monitor it based on the ability to clearly evaluate their cash flow situation.
Puni unsecured loans provides amounts of between $5,000 and $100,000 with terms between 3 and 24 months. They also offer cash flow friendly repayments, which are either daily or weekly.
Apply to get this Small Business Loan in under 10 minutes over the phone. You’ll get an immediate response, and the money could be in your account in 24 hours. Traditional business loans have an annual interest rate as well as other fees and charges. Our company loan is a loan that is priced upfront so you will be aware of the total amount to be paid, including the interest, fees and charges. This is then broken down into either a daily or weekly installment amount.
A Small Business Loan can be used for nearly any business purpose including control of cash flow business remodels and marketing for purchasing 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 amount of loan to help business growth opportunities. Loans range from $100,000 to $500,000 for a fixed period of with a maximum of 36 months. Repayments are scheduled weekly or fortnightly, depending on your situation.
The Larger Business Loan has an Origination Fee which is determined at 2.5% of the loan amount.
To qualify for a loan in this amount, your company needs to have been trading for at least 3 years and generate an annual revenue of $700,000. The applicant must also be a New Zealand Citizen (or Permanent Resident) over 18 years or have a New Zealand company (with a valid NZBN/IRD) and be able of proving at the least 12 months of operating.
A Larger Business Loan can be used for almost any company need, including business renovations, purchase of equipment or inventory for general working capital, and much more. The loan is not available for personal reasons.
Asset security is needed for funding of more than $150,000. It is usually by taking a charge on assets, and could include registration through the PPSR or registering as a caveat.
A director’s or personal guarantee is a guarantee to pay back a loan that is generally in nature rather than stating the security of a specific asset. The person who signs the ensure is personally liable if the business lender is not able to make the repayment.
The Personal Property Securities Register (PPSR) is an online central register operated by the New Zealand Government. It records security interests that have been which are registered with respect to personal property (including the assets or goods). The PPSR permits the priority of personal property assigned according to the date the security interest that is registered.
Caveats are legal document that is filed to provide the public notice of a legal claim to a property.
When you’re applying for an enterprise loan of more than $250,000 we may be able to provide an initial pre-approval to make the process. It is possible to apply for this without credit checks and within six hours of your initial application. This pre-approval is made based on an initial assessment that includes the answer to a series of financial well-being questions. It’s neither an offer nor a guarantee of finance. The approval of a conditional loan is subject to an assessment of your creditworthiness and any offer that you are offered could be on different terms.
You may be eligible for a business loan if you
The process for applying is fast and simple. Simply complete the online form in just a few minutes, and an experienced business expert in lending will contact you to assist you.
To apply for up $100,000 you’ll need identification details (valid Driver’s License) and a valid NZBN/IRD and at least 6 months’ worth of bank statements.
If you’re looking for loans with larger sizes, you’ll also require:
$100K-$250K: Details of application, including credit consent, 6 – 12 months of IRD statements, bank statements (if you have a loan of more than $150K).
$250K – $500K: Information on the application including credit consent as well as 12 months of bank records, IRD statements as well as the two most recent years’ financial statements, as well as interim financials from the current financial year, Aged Payables and Aged Receivables summaries.
For an unsecured loan ($5K to $100K) we typically provide an answer within one hour, provided you make your application within quality business time and you allow us to use the advanced bank verification system to instantly verify your bank’s information online. If you opt to upload copies of your banking statements , we’ll be able to provide a decision in as little as 1 company day.
For the Larger Business Loan ($100K to $500K) we could be in a position to offer the conditional pre-approval in about six hours. Once you have signed the pre-approval form, it will take about 2-3 days for 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 fastest way would be to make sure you apply during normal company hours. You can also allow us to use the advance bank verification to instantly verify your bank account information online. If you decide to send us copies of your bank statement, it may take a bit longer.
For the Small Business Loan ($5K and up) we can often provide an answer within one hour, provided you apply at normal business hours and allow us to use the bank verification system to instantly verify your bank details online. If you opt to upload copies of your banking statements we can provide an answer in as little as an business day.
If you are applying for Larger Business Loans ($100K to $500K) we could be capable of 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 about 2-3 days for final approval. However, this may be quicker depending on the specifics of each application. Some offers have been approved within less than 24 hours.
The most effective method is to make sure you apply during normal business hours, and allow us to use our advance bank verification to instantly verify your bank account information online. If you send us documents from your account accounts, it can take a bit longer.
We provide loans ranging from $5,000 and $500,000. If you apply for a certain amount we consider a variety of elements that determine what is the health of the company and the level of the repayments your company can support. The amount you receive from your loan will depend on the particular circumstances the company.
When you make an application for a certain amount, we will consider a number of variables to determine how much we can lend you such as health of your business and the extent of repayments that your business will be able to support. The amount you receive from your loan will be contingent on the particular circumstances of your company.
When you request the company financing, we’ll assess the risk profile of your business and provide an individualised offer including loan amount, term and interest rates. This business loan is a loan that is priced upfront and you’ll know in advance the total amount due, which includes any charges or interest.
The interest rates on business loans rates depend on several variables like the amount to be that is borrowed, what business assets the money are used to purchase, the industry the company is operating in, how long the company is in operation as well as whether the company has enough cash flow to pay for the loan, and overall well-being or financial standing of the business.
There aren’t any hidden costs for our company loans, and you’ll know precisely how much it is that you need to pay, and when, right from the day you sign up. There’s no compounding interest, and there are no additional charges (as as you make your payments on time).
We do not charge an Application Fee. You can request a credit loan absolutely no upfront cost and no any obligation to sign up.
The Origination Fee covers the costs associated with establishing and managing the loan. It is only charged for this fee if you proceed with the loan. Our Origination Fee is 2.5% of the amount of the loan.
You can choose to repay the entire amount of the loan in full at any time.
If you choose to pursue this option, please call our helpful business credit specialists. They will provide you with the details of your repayment along with an early payout estimate. The figure will be calculated as the sum of the remaining principal amount and the accrued interest up to the time of early payment in addition to 1.5 percent of the principal amount remaining as well as any outstanding fees.
To make sure you do not miss payments and to work your cash flow schedule, we provide payments that are either daily or weekly. These are automatically deducted from your business account.
Security of your data, and being clear about how we collect the information we collect, use, share and ensure the security of your information is vital and is an essential part of our relationship with you.
Yes. We make use of industry-standard encryption techniques to protect your sensitive, personal financial and other data. Our funders are ISO 27001 qualified for our commitment to protecting the security of customers and privacy. We make use of an advanced bank verification system link to immediately verify your bank account details online to provide an immediate response.
Asset-based borrowing occurs when a business owner makes use of assets they own to get the loan. The asset can be either an individual asset, such as the family home, or a company property like a truck or piece of equipment.
The vast majority of lenders, including the big banks, tend to secure loans against an asset. If you have trouble paying back the loan, then your assets could be transferred to the lender. In essence it is a way of securing additional financing using the worth of the asset you already own.
For loans that exceed $150,000, it is not necessary to secure assets before you are able to access the money however, we require a personal guarantee. need an individual guarantee. If you adhere to the terms of your loan (as detailed in the loan contract), asset security will never be required. For loans of over $150K generally there is the option of a personal guarantee and security that is in the form charges on assets.
Although we can’t help with an unsecure business loan in these industries, we may be able to help you with secured business loan.
