An Epsom unsecured business loan is quick and simple in applying for. Approve your loan in a matter of minutes and use the money to grow your company.
What you can expect:
The criteria for eligibility for an unsecured business loan within Epsom are fairly minimal.
Call Now 0800 365 511Applying for the company loan in Epsom with us is simple and only takes less than a minute, with no piles of paperwork or long waits.
Get approved and receive your money within 1-2 company days.
We want to assist Epsom companies of all sorts small, medium even soloprenuers to get access to quick funding so that they can use the loan to expand and develop.
The eligibility requirements for an unsecured business loan in Epsom of between $5K to $100K are quite minimal.
Looking for more funding? Review the eligibility requirements for our $100K-$500K business financing.
The criteria for eligibility to be eligible for loans from larger Epsom business loans of between $100K and $500K are:
Looking for a smaller amount of money? Check out the conditions for eligibility for our $5K-$100K Epsom unsecured company loans.
An Epsom unsecured loan is perfect for nearly every business need. Talk to us today.
Do you want to start working on one of these options as early as tomorrow? Then get in touch with us or apply online now to apply the fastest, most convenient way.
All that’s required to begin is your contact information (the name of your company, your name, email and telephone) and the amount you’d like to borrow, and your monthly revenue.
In the course of the process and before settlement we’ll need confirmation of your identity however, not in order to begin:
Once we’ve started when it comes to loans that exceed $150,000, you will also require the following financial statements:
Let’s get started.
With traditional lenders and banks increasing their credit requirements The steady flow of alternative and non-bank loan providers entering the market offers a great resource to take advantage of.
Epsom SME’s are now being able to get finance from other lenders in Epsom who are focused on enabling company growth or smoothing out the cash flow problems. In the past, when private credit options (drawing equity from a house loan or credit cards or personal loans, as well as overdrafts) were the only alternative financing solutions within Epsom that were around.
There’s no requirement to rely on real estate to secure company credit. With an unsecured loan business financing is easy. Instead of a term loan through the bank, business finance for an SME with interest rates and loan terms that help to manage cash flow are around as business loans.
There are many advantages associated by separating personal and business debt.
Limit your exposure, make tax time easier, get started with an unsecured busines loan, apply today.
One of the main benefits of keeping your private and company assets apart is that your home isn’t required to be tied to access the funds. In the case of a business loan within Epsom up to $100K asset security won’t be required as long as the borrower fulfills the loan requirements.
Companies are in a favourable long-term position if they are able to demonstrate credit/debt capability.
A separation between personal and company finances makes it more seamless when it comes to tax time, especially when it comes to determining the tax deductible allocation. Particularly when determining what is the tax deductible allocation. IRD has outlined the rules on the evidence required to claim deductions on the tax return of a company. This is a subject that the IRD have specifically advised on.
A well-organised cash flow management system is crucial to the long-term success of any business. Through keeping your personal finances and company finance separate, businesses can easily view the situation, track and plan based on their ability to easily determine their cash flow status.
Epsom unsecured loans provides the range of $5,000 to $100,000, with terms ranging from 3 and 24 months and cash flow friendly repayments, which are either daily or weekly.
You can apply to your Small Business Loan in under 10 minutes over the phone, receive an instant response and the funds could be in your account within 24 hours. Traditional business loans are based on an annual rate of interest as well as other fees and charges. Our business loan is an upfront priced loan therefore you’ll be aware of the amount you will have to pay, including any fees, interest or charges. This is then broken down into either weekly or daily payment amount.
It is a Small Business Loan can be used for virtually every company need, such as managing cash flows, business improvements, advertising, to purchase inventory or new equipment, to fund general working capital and so much more. The loan cannot be used for personal purposes.
The Larger Business Loan is a larger loan size to support business expansion opportunities. Loans range between $100,000 and $500,000 with a fixed-term up to 36 months. Repayments are weekly or fortnightly to work with the flow of cash.
The Larger Business Loan has an Origination Fee, calculated at 2.5 percentage of the loan amount.
To qualify for a loan that is this large, your company needs to be operating for at least three years and generate an annual revenue of $700,000. You must be a New Zealand Citizen (or Permanent Resident) over 18 years or 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 to fund almost all company use, including company renovations, purchase of new equipment or inventory as well as for general working capital and much more. The loan is not available for personal purposes.
Asset security is needed for funding of more than $150,000. It’s by taking a charge over assets, which could also be registered through the PPSR or registering a caveat.
A director’s or personal guarantee is a promise to pay off a credit line that is generally in nature rather than stipulating the security for a particular asset. The person signing the guarantee is personally accountable if the business creditor is unable to make the repayment.
The Personal Property Securities Register (PPSR) is an online central register run by the New Zealand Government. It contains security interests that are registered for personal property (including the assets or goods). The PPSR permits the priority of personal property granted in accordance with the date on which a security interest that is registered.
The caveat can be described as a formal document filed to provide the public notice of a legal claim to property.
When you’re applying for a Larger Business Loan that exceeds $250K we may be able to provide an initial pre-approval to smooth out the process. We might be able to get this done without a credit check, and within 6 hours of the initial application. This pre-approval is based on an initial evaluation that involves the answer to a series of financial health questions. This is neither an offer nor a guarantee of credit. Unconditional approval is subject to an exhaustive credit evaluation, and any offer that you might receive could be on different terms.
You are eligible to apply for an company loan if you:
The application process is quick and simple. Simply complete the online form within a few minutes and a dedicated business loan specialist will call you to help you.
To apply for up $100,000, you’ll require proof of identity (valid Driver’s License) as well as a valid NZBN/IRD and at least 6 months’ worth of bank statements.
Otherwise, for larger loan sizes, you’ll also need:
$100K to $250K: Application details including credit consent, 6-12 months of bank statements, IRD statement (if the loan is greater than $150K).
$250K – $500K: Application details including credit consent and 12 months bank statement, an IRD statements and the last two years’ finalised financial statements, and interim financial statements for the current year such as age-related payables and aged Receivables Summary.
For an unsecured loan ($5K or more) we usually provide an answer within one hour if you submit your request within standard company times and let us make use of the advanced bank verification system to instantly verify your bank details online. If you opt to upload copies of your bank statements , we are able to provide a decision in as little as the span of one business day.
If you are applying for a Larger Business Loan ($100K or more) we may be likely to provide you with pre-approval conditional to your application within six hours. Once you’ve signed the pre-approval, turnaround times are about 2-3 days for final approval, however this may be quicker depending on the particular circumstances of each application. Some agreements have been approved within less than 24 hours.
The fastest way can be ensure you apply during normal business hours, and allow us to use our advance bank verification link to verify your bank account information online. If you send us copies of your bank statement, it will take a little longer.
For the Small Business Loan ($5K up to $100,000) we typically provide a response in one hour – provided you apply within standard business time and you allow us to make use of the advanced bank verification system link to immediately verify your bank account information online. If you opt to send us copies of your bank statements, we are able to provide the decision in as little as 1 business day.
For Larger Business Loans ($100K up to $500,000) we may be able to provide you with pre-approval conditional to your application within 6 hours. Once you’ve signed your pre-approval, turnaround times are approximately 2-3 days to receive final approval, however this can be faster depending on the specifics of each application. Certain agreements have been approved within the space of 24 hours.
The fastest method for you to apply is ensure you apply during standard business hours. You can also allow us to use the sophisticated bank verification to verify your bank account information online. If you choose to send us the copies of bank statements it may take a bit longer.
We offer the loan amount between $5,000 to $500,000. If you apply for a particular amount, we look at a variety of aspects to determine how much we can lend you well-being for your company and the level of payments your company can afford. The amount you receive from your loan will depend on the particular circumstances that are unique to your business.
When you apply for a set amount, we will consider a number of variables to assess the health of your business and the amount of the repayments your business will be able to support. The amount you receive from your loan will be determined by the specific circumstances the business.
If you decide to request business loans with us company loan, we will assess the risk profile that you have for your company and provide you with a customised proposal that includes the amount of loan, the term and the interest rates. The business loan is an upfront-priced loan which means you be aware in advance of the total amount payable including any interest rates, fees or charges.
The interest rates on company loans rates differ based on various factors including the amount borrowed, what company assets the money will be used for and the sector the company operates in, how long the business is in operation and what percentage of the company has sufficient cash flow to pay for the loan, as well as the general health or financial standing of the company.
There are no hidden costs with our company loans, and you’ll know precisely what you’ll be required to pay, and when, from the very first day. There’s not any compounding interest and the loan comes with no additional fees (as long as you make your payments in time).
We don’t charge an application fee. You are able to apply for a loan with no upfront cost or commitment to apply.
The Origination Fee covers the costs associated with establishing and managing the loan. The only way to pay this fee if you proceed with the loan. Our Origination Fee is 2.5% of the amount of the loan.
You can repay the entire amount of the loan in full at any time.
If you do decide to do this please talk to one of our helpful business loan specialists. The professionals will offer you with the details of your repayment and an early payment figure. The figure will be calculated as the total of the principal remaining plus any accrued interest as of the time of the early payout plus 1.5 percent of the principal balance and any outstanding fees.
In order to help you avoid missing payment dates and to align with your cash flow routine, we provide repayments either weekly or daily. They will be automatically deducted from your designated business account.
Protecting your information, and being upfront about how we collect data, process, exchange and safeguard your data, is vital and is a crucial part of our relationship with you.
Yes. We employ industry-recognised encryption standards to protect your sensitive, personal financial information and our funders are ISO 27001 certified for our commitment to the security of our clients as well as their privacy. We make use of an advanced bank verification system link to immediately verify your bank account details online so we can provide rapid response.
Asset-based borrowing is when an business owner borrows from the assets they have to secure the funds for a loan. The asset can be either an individual property, such as the family home, or a business asset like a truck or piece of equipment.
The vast majority of lending institutions, even the banks with the biggest size, prefer to guarantee loans against an asset. If you have trouble paying back the loan then the asset could be offered for sale by the lender. In essence, it’s an opportunity to secure new financing using the value of what you already own.
For loans that exceed $150,000, it is not necessary to secure assets before you can access the money but we require a personal guarantee. require the personal guarantee. In the event that you fulfill the terms of your loan (as specified in your loan contract) and you are able to meet your obligations, asset security will never be needed. For loans of over $150,000 generally, you are able to get an individual guarantee and security in the form of a charge over assets.
We can’t assist with an unsecured business loan in these types of industries, we may be able to assist you with a secured business loan.
