Services in Puni
- Unsecured Business Loans Puni
- Puni Business Finance
- Business Lending Puni
- Business Loans Puni
- Small Business Finance Puni
- Puni Business Funding
- Working Capital Puni
- Small Business Lending Puni
- Short Term Business Loans Puni
The criteria for eligibility for an unsecured business loan in Auckland of between $5K and $100K are pretty minimal.
Are you looking for additional funding? Find out the eligibility requirements for our $100K to $500K business credit.
All that’s needed to begin is your contact details (the name of your company, your name, email and phone), how much you’d like to lend, and your monthly earnings.
While in the process and before settlement we’ll need confirmation of who you are but not before we can begin:
Additionally after we get started, for loans of more than $150,000 you’ll need fundamental financial statements:
Let’s get started now.
Auckland 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 can be made daily or weekly.
It is possible to apply to your Small Business Loan in under 10 minutes over the phone. You’ll get an instant response and the funds could be in your account within 24 hours. Traditional business loans reference an annual rate of interest together with additional fees and charges. Our company loan is an upfront priced loan so you will be aware of the amount you will have to pay, including any fees, interest or charges. This is then divided into weekly or daily amount to be paid back.
A Small Business Loan can be used for almost every company purpose including cash flow management, business remodels and marketing for purchasing inventory or new equipment, as general working capital and so much more. The loan cannot be used for personal reasons.
The Larger Business Loan is a larger size of loan that can be used to fund company growth opportunities. Loans are between $100,000 and $500,000 with a fixed-term up to 36 months. Repayments are either weekly or fortnightly depending on you cashflow.
This Larger Business Loan has an Origination Fee, calculated at 2.5 percent of the loan amount.
In order to be eligible for a loan in this amount, your business needs to have been operating for at least three years, and have an annual income of $700K. You must be a New Zealand Citizen (or Permanent Resident) who is over the age of 18 and have a New Zealand business (with a valid NZBN/IRD) and be able to demonstrate at minimum 12 months of continuous trading.
A larger business loan can be used for almost all business purpose including business renovations, purchase of new equipment or inventory for general working capital and much more. The loan cannot be used for personal reasons.
Asset security is necessary to access funding over $150,000. This can be done in the form of a charge over assets, and could be registered with the PPSR or the registration of a caveat.
A personal or director’s guarantee is a commitment to pay off a credit line that is general in nature, rather than stating the security of a specific asset. The person who is signing the guarantee is personally liable in the event that the business the borrower fails to repay the debt.
The Personal Property Securities Register (PPSR) is a central, national online register run by the New Zealand Government. It lists security interests that are granted to individuals who own personal property (including the assets or goods). The PPSR gives priority over personal property to be granted according to the date a security interest that is registered.
Caveats are legal document that is filed to provide the legal claim to property.
When you’re applying for the Larger Business Loan of more than $250K we may be able to provide an initial pre-approval in order to smooth out 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 based on an initial assessment, which involves you answering a few financial health checks. It is neither an offer nor a guarantee of financing. Unconditional approval is subject to a full credit assessment and any offer that you may receive may be on different conditions.
You are eligible to apply for a company loan if you:
The application process is quick and easy. Complete the online form in few minutes and an experienced company loan specialist will call you to assist you.
For a loan of up to $100,000, you’ll need identification details (valid Driver’s License) as well as an active NZBN/IRD, and at least six months worth of bank statements.
For larger loan sizes, you’ll require:
$100K to $250K: Details of application, including credit approval, 6-12 months of bank statements, IRD statement (if credit is over $150K).
$250K-$500K: Information on the application including credit consent twelve month bank accounts, the IRD statements Last 2 years’ finalised financial statements, plus interim current financial year financials including Aged Payables, Aged Receivables reports.
For an unsecured loan ($5K to $100K) we typically offer an answer within one hour, provided you submit your request during quality business timings and let us use the advanced bank verification system to instantly verify your bank’s information online. If you want to upload copies of your banking statement, we’ll provide a decision within the span of one company day.
For the Larger Business Loan ($100K and up) we could be able to offer you with conditional pre-approval within six hours. Once you have signed the pre-approval form, it will take about 2-3 days for final approval, however it could be faster based on the particular circumstances of each application. Certain deals have been approved within the space of 24 hours.
The fastest way can be make sure you apply during normal business hours, and allow us to use the advanced bank verification system link to instantly verify your bank information online. If you opt to upload documents from your account statement, it can take a bit longer.
For the Small Business Loan ($5K and up) we typically offer a response in one hour – as long as you make your application at normal business times and you allow us to use the bank verification system to instantly verify your bank’s information online. If you choose to send us copies of your bank statements we can offer an answer in as little as 1 business day.
For Larger Business Loans ($100K or more) we might be able to provide the conditional pre-approval in about 6 hours. After you’ve signed the pre-approval, turnaround times are about 2-3 days for final approval, however it could be faster based on the specifics of each application. Some deals have been approved within the space of 24 hours.
The quickest method can be ensure you apply during normal business hours, and allow us to use our advanced bank verification system to verify your bank information online. If you send us the copies of bank statements it will take a little longer.
We provide loans ranging from $5,000 to $500,000. When you submit an application for a particular amount, we take into consideration a range of factors that determine what is the well-being for your company and the extent of payments your company will be able to support. The total amount of your loan will be contingent on the specific circumstances for your business.
When you apply for a specific amount we take into consideration a variety of elements to assess how much we can lend you such as health that is your business and the level of repayments that your company will be able to support. The amount you receive from your loan will be contingent on the particulars of your business.
When you apply for the company loans, we’ll assess the risk assessment for your company and offer an individualised proposal that includes the amount of loan, the term and interest rates. This company loan is an upfront-priced loan therefore you will be aware in advance of the total amount to be paid, including any interest rates, fees or charges.
Business loan interest rates differ based on various factors like the amount of money borrowed, what business assets the money will be used for in addition to the industry that the business operates in, how long the company is in operation for, what percentage of the company has enough cash flow to pay for the loan, and the general well-being or financial standing of the business.
There aren’t any hidden costs for our company loans, and you’ll know precisely what it is that you be required to pay, and at what time, from day one. There’s not any compounding interest and there are no additional charges (as as you make your payments punctually).
We don’t charge an application fee. You are able to make an application for loans without any upfront costs or commitment to apply.
The Origination Fee includes the expenses associated with setting up and managing the loan. This is only a fee if you decide to take 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 early at any time.
If you are deciding to take this route, please talk to one of our helpful company lending experts. They will offer you with repayment details as well as an early payout amount. This is calculated as the sum of the principal amount remaining and the accrued interest up to the date of early payout, plus 1.5 percent of the principal amount remaining and any outstanding fees.
To make sure you do not miss payments and to work your cash flow schedule, we offer repayments either daily or weekly. These are automatically deducted from the nominated business account.
The security of your personal information, as well as knowing how we collect the information we collect, use, share and secure your information, is of paramount importance and is an essential element of our relationship with you.
Yes. We make use of industry-standard encryption protocols to safeguard your personal, sensitive financial information and our funders are ISO 27001 qualified for our commitment to customer security and security. We make use of an advanced bank verification system link to instantly confirm your bank account information online, allowing us to offer an immediate response.
The term "asset-based" refers to borrowing where the company owner makes use of assets they own to get the loan. The asset could be an asset belonging to the personal, like the family home, or a business asset like a truck or piece of equipment.
The vast majority of the lenders even the major banks, prefer to secure loans against assets. If you’re struggling to pay back the loan then the asset might be taken over by the lender. In essence, it is an opportunity to secure additional financing using the value of what you already own.
For loans of up to $150K, no asset security is required before you are able to access the money However, we do require a personal guarantee. As long as you follow the loan terms (as detailed in the loan contract), asset security will never be needed. For loans that exceed $150,000, generally, you are able to get the option of a personal ensure and security that is in the form an asset charge.
