Services in Puni
- Unsecured Business Loans Puni
- Business Finance Puni
- Business Lending Puni
- Business Loans Puni
- Small Business Finance Puni
- Puni Business Funding
- Working Capital Puni
- Puni Small Business Lending
- Puni Short Term Business Loan
The criteria for eligibility for an unsecured business loan in Auckland of between $5K and $100K are fairly minimal.
Are you looking for additional funding? Check out the eligibility requirements for our $100K to $500K company loan.
All that’s needed to begin is your contact details (company name, your name, email or phone number) and the amount you’d like to lend, and your monthly earnings.
Through the process and before settlement we’ll need confirmation of who you are, but not before we can begin:
In addition, once we have started with loans that exceed $150,000, you’ll require basic financial statements:
Let’s get started.
Auckland unsecured loans provides amounts of between $5,000 and $100,000. The terms range between 3 and 24 month and cash flow friendly repayments that are either per day or weekly.
Apply to this Small Business Loan in under 10 minutes online or on the phone. You’ll receive an immediate response, and have the funds in your account in 24 hours. Traditional company loans refer to an annual interest rate along with other charges and fees. We offer a business loan is a cash-based loan and you’ll be aware of the total amount to be paid, including any interest, fees or charges. Then, it is broken down into either weekly or daily installment amount.
The Small Business Loan can be used for almost every company purpose including the management of cash flow, business renovations, marketing to purchase inventory or new equipment, as general working capital and so much more. The loan cannot be used for personal use.
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 for up to 36 months. Repayments are weekly or fortnightly, depending on you cashflow.
This Larger Business Loan has an Origination Fee which is determined at 2.5% of the loan amount.
To be eligible for a loan that is this large the company needs to have been operating for at least three years with an annual turnover of $700,000. 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 larger company loan can be used for almost any business purpose including company improvements, purchasing new equipment or inventory as well as for general working capital and so much more. The loan cannot be used for personal reasons.
Asset security is necessary for funding of more than $150,000. This is by way of charge over assets and can include registration with the PPSR or the registration of a caveat.
A personal or director’s guarantee is a promise to pay off a credit line that is general in nature rather than stipulating security over a particular asset. The person signing the guarantee is personally responsible if the company the borrower fails to re-pay the debt.
The Personal Property Securities Register (PPSR) is a central, national online 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 goods or assets). The PPSR grants preference over private property granted in accordance with the date on which a registration of a security interest.
A caveat is a legal document filed to provide the public notice of a legal claim to property.
If you’re seeking an enterprise loan of $250K or more we may be able to provide an initial pre-approval that will help ease the process. We may be able to make this decision without a credit verification and within 6 hours of your initial application. The pre-approval process is based on a preliminary assessment which includes you answering some financial well-being questions. It is not an offer of credit or guarantee of finance. Acceptance without condition is subject to a full credit assessment and any offer that you are offered could be subject to different conditions.
You may apply for an company loan if you
The process for applying is fast and simple. Complete the online form within a few minutes and an experienced business loan specialist will call you to assist you.
To apply for up to $100,000, you’ll need ID details (valid Driver’s License) along with an active NZBN/IRD, and at least six months of bank statements.
Otherwise, for larger loan sizes, you’ll require:
$100K-$250K: Information about the application 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 bank statement, an IRD statement as well as the two most recent years’ financial statements, plus interim financial statements for the current year such as age-related payables and aged Receivables Summary.
For an unsecured loan ($5K and up) we typically provide a response in one hour, provided you make your application in quality company hours and let us make use of the advanced bank verification system link to instantly verify your bank details online. If you choose to submit copies of your bank statements , we’ll be able to offer the decision within just 1 company day.
For Larger Business Loans ($100K and up) we could be able to provide the conditional pre-approval within 6 hours. Once you’ve signed the pre-approval form, it will take about 2-3 days for final approval. However, this can be quicker based upon the circumstances for each application. Certain offers have been approved in 24 hours.
The quickest method can be make sure you apply during normal company hours. Also, permit us to use the advance bank verification link to verify your bank account information online. If you choose to upload the copies of bank statements it may take a bit longer.
For the Small Business Loan ($5K or more) we usually offer an answer within one hour – provided you apply during normal business time and you allow us to utilise the advanced bank verification system link to instantly verify your bank details online. If you decide to submit copies of your bank statements, we’ll be able to provide the decision in just an business day.
If you are applying for Larger Business Loans ($100K and up) we may be likely to offer you with conditional pre-approval within six hours. After you’ve signed the pre-approval, the turnaround time is between 2 and 3 days for the final approval. However, this could be shorter based on the specifics of each application. Some transactions have received approval in just 24 hours.
The fastest method for you to apply is ensure you apply during standard business hours, and allow us to use our advanced bank verification system to instantly verify your bank account information online. If you decide to send us duplicates of your banking statement, it can take a bit longer.
We provide loans ranging from $5,000 to $500,000. When you submit an application for a specific amount we take into consideration a range of variables that determine how much we can lend you health that is your company and the amount of repayments that your business will be able to support. The amount you receive from your loan will depend on the particular circumstances of your company.
When you make an application for a particular amount, we take into consideration a variety of factors to assess your health for your business and the level of repayments your company will be able to support. The total amount of your loan will be contingent on the particular circumstances of your business.
If you decide to make an application for business loans with us business loans, we will assess the risk assessment for your company and provide an individualised offer that includes the amount of the loan, the duration and the interest rates. A company loan is an upfront cost loan so you will know the exact amount you will have to pay, including costs, fees, or interest rates.
Interest rates for business loans rates differ based on various factors such as the amount that is of money borrowed, the business assets the funds will be used for, the industry the business is in, how long the business has been running and whether the business has sufficient cash flow to fund the loan, and also the general well-being and creditworthiness of the business.
There are no hidden costs for our company loans, and you’ll know precisely what it is that you be required to pay and when, from the day you sign up. There’s no compounding interest and no additional fees (as long as you are able to make your payments on time).
We do not charge an application fee. You can get a cash loan with no cost upfront or obligation to proceed.
The Origination Fee covers the expenses involved in establishing and managing the loan. It is only charged for this fee if you proceed with the loan. The Origination Fee for us is 2.5 percent of the amount of loan.
You can choose to repay the entire amount of your advance loan at any time.
If you choose to take this route, please talk to one of our helpful business loan specialists. We will provide you with details for repayment along with an early payout estimate. It will be calculated using the sum of the principal balance plus any accrued interest as of the time of early payment plus 1.5 percent of the principal amount remaining as well as any outstanding fees.
To help you avoid missing repayments and to fit in your cash flow schedule, we provide repayments either weekly or daily. They are automatically deducted from your nominated business account.
Making sure that your information is secure, and being clear about the ways we gather the information we collect, use, share and safeguard your data, is of paramount importance and is a crucial part of our relationship with you.
Yes. We make use of industry-standard encryption protocols to safeguard your sensitive, personal financial and other data. Our funders are ISO 27001 certified for our commitment to security for our customers and security. We use an advanced bank verification system link to instantly verify the bank account details online. This allows us to provide quick responses.
Asset-based borrowing occurs when a company owner borrows from an asset they own to secure the funds for a loan. The asset can be a personal asset like the family home or an company asset like a truck or piece of equipment.
The majority of lenders, not just the major banks, prefer to secure loans against an asset. If you’re struggling to pay back the loan, your asset may be sold by the lender. In essence it’s means of securing new financing by using the worth of the asset you already own.
For loans of up to $150K, it is not necessary to secure assets before you can access the money, however we do require the personal guarantee. So long as you comply with your loan obligations (as stated in your loan contract), asset security will never be required. For loans of over $150,000 generally, there is a personal guarantee and security in the form a charge over assets.
