A Puni unsecured business loan is easy and quick to apply for. Get a quick apporval and use the money in your company.
What to expect:
The criteria for eligibility for an unsecured business loan for a company loan Puni are fairly minimal.
Call Now 0800 365 511Making an application for the company financing within Puni with us is easy and takes only about a couple of minutes, there are no mountains of paperwork or queues.
Be approved and receive your cash within 1 to 2 business days.
Our goal is to assist Puni companies of all types, whether small, medium or soloprenuers to get access to money quickly, so that they can make use of the loan to grow and build.
The requirements for obtaining an unsecured business loan in Puni of between $5K and $100K is fairly low.
Looking for more funding? Find out the guidelines for eligibility for our $100K-$500K company loan.
The eligibility requirements for the larger Puni business loans of between $100K and $500K consist of:
Looking for a smaller amount of money? Take a look at the conditions for eligibility for our $5K-$100K Puni unsecured business loans.
A Puni unsecured loan is perfect to use for every business purpose. Get in touch with us today.
Want to get started on one of these projects as soon as tomorrow? Then get in touch with us today or send an application online for the quickjest fasted way.
All that’s required to get started is your contact information (company name, your name, email, phone) and the amount you’d like to borrow as well as your monthly income.
While in the process and before settlement we will require confirmation of your identity, but not before we can begin:
In addition, once we have started with loans over $150,000 you’ll need basic financial statements:
Let’s get started now.
With traditional and bank lenders tightening their credit terms as well as the continuous stream of non-bank and alternative loan providers that are entering the market provides an excellent source for you to access.
Puni SME’s are now able to access finance through alternative lenders that service Puni who are focused on enabling company expansion or smoothing out the cash flow problems. The past was when personal credit sources (drawing equity from the home loan, or by using credit cards or personal loans, as well as credit cards) were the only alternative funding solutions available in Puni that were available.
There’s there is no requirement for you to rely on using real estate to secure business loan. With an unsecured loan, business financing is easy. Instead of a term loan through banks, business finance for a small business with interest rates and loan terms that can help with cash flow is available as business loans.
There are substantial benefits associated with separating personal and company debt.
Limit your exposure, make the tax process more simple, apply for an unsecured busines loan, apply today.
One big drawcard for keeping your personal and business assets apart is that your house isn’t necessarily tied up to allow access to the funds. For a small business loan within Puni up to $100K asset security won’t be required so long as the borrower fulfills their loan obligations.
Companies will be in a favourable long-term position if they have a good credit or debt serviceability.
The separation of personal as well as company finances makes it more straightforward in the event of tax time, particularly when determining what is the tax-deductible amount. Particularly when determining what is the tax deductible allocation. IRD has laid out guidelines on the proof required to be able to claim deductions on the tax return of a company. This is an area that the IRD has specifically advised on.
Effective management of cash flows is key for the long-term survival that of any business. Through maintaining personal as well as company finances distinct, companies can easily view how they are performing, monitor and plan on the ability to effectively determine their cash flow status.
Puni unsecured loans offers amounts of between $5,000 and $100,000. Terms range from 3 and 24 months, cash flow friendly repayments that are either per day or weekly.
It is imaginable to apply for the Small Business Loan in under 10 minutes over the phone, receive a same day response and have the funds on your account within 24 hours. Traditional company loans reference an interest rate per annum along with other charges and fees. Our company loan is an upfront priced loan so you will know ahead of time the total amount payable including any fees, charges or charges. This is then broken down into a daily or weekly repayment figure.
It is a Small Business Loan can be used for almost every company reason, such as the management of cash flow, business remodeling, marketing to purchase inventory, new equipment, for general working capital, and much more. The loan is not available to fund personal expenses.
The Larger Business Loan is a larger amount of loan to help company expansion opportunities. Loans range between $100,000 and $500,000 over a fixed term for up to 36 months. Repayments are either weekly or fortnightly depending on your cash flow.
It is important to note that the Larger Business Loan has an Origination Fee, which is determined at 2.5 percentage of the loan amount.
In order to be eligible for a loan of this size the company needs to be trading for at least 3 years with an annual turnover of $700,000. The applicant must also be a New Zealand Citizen (or Permanent Resident) at least 18 years old, own a New Zealand company (with a valid NZBN/IRD) and be able demonstrate at the least 12 months of operating.
A large company loan can be used to fund almost all business need, 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 reasons.
Asset security is necessary to obtain funding above $150,000. This can be done by taking a charge over assets, and may include registering this through the PPSR or filing a caveat.
A director’s or personal ensure is a guarantee to pay back a loan that is general in nature rather than specifying the security for a particular asset. The person who is signing the guarantee is personally accountable if the company creditor is unable to repay the debt.
The Personal Property Securities Register (PPSR) is an online central register operated by the New Zealand Government. It reflects security interests granted to individuals who own personal property (including goods or assets). The PPSR gives the priority of personal property assigned according to the date a security interest has been registered.
The caveat can be described as a formal form of document to provide an official notice of a claim to property.
If you’re requesting the Larger Business Loan that exceeds $250K we may be able to provide an initial pre-approval to smooth out the process. We may be able to make this decision without a credit verification and within 6 hours of your initial application. This pre-approval is based on an initial assessment, which involves you answering a few financial health checks. It’s in no way an offer, nor is it a guarantee of credit. A conditional approval is subject a full credit assessment and any offer that you receive could be on different conditions.
You are eligible to apply for a company loan if you:
The process for applying is fast and simple. Just complete the online application within a couple minutes, and a dedicated business credit specialist will call you to guide you.
To apply for up to $100,000 you’ll require identification details (valid Driver’s License) and an active NZBN/IRD, and at least six months worth of bank statements.
In addition, for larger loan sizes, you’ll also require:
$100K – $250K: Application details including credit consent, 6-12 months of IRD statements, bank statements (if credit is over $150K).
$250K – $500K: Details of 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 or more) we typically offer an answer within one hour – as long as you apply at standard company hours and allow us to utilise the advanced bank verification system to instantly verify your bank information online. If you choose to upload copies of your banking statements , we are able to provide the decision within an business day.
For the Larger Business Loan ($100K or more) we could be able to provide you with a conditional pre-approval within about six hours. After you’ve signed the pre-approval form, it will take around 2-3 days for final approval, however this may be quicker depending on the circumstances of each application. Some transactions have received approval in less than 24 hours.
The most efficient method for you to apply is ensure you apply during normal company hours, and allow us to use our modern bank verification to instantly verify your bank information online. If you send us copies of your bank statements it takes a bit longer.
For the Small Business Loan ($5K up to $100,000) we usually offer an answer within one hour, provided you submit your request in normal business hours and let us use the advanced bank verification system link to instantly verify your bank details online. If you want to send us copies of your bank statements, we are able to offer an answer in just one business day.
If you are applying for Larger Business Loans ($100K or more) we may be in a position to provide you with pre-approval conditional to your application in around 6 hours. Once you have signed the pre-approval, the turnaround time is around 2-3 days for final approval. However, this can be faster depending on the specifics of each application. Some transactions have received approval in just 24 hours.
The fastest way would be to ensure you apply during standard business hours. You can also let us use the sophisticated bank verification link to verify your bank information online. If you decide to upload duplicates of your banking statements, it takes a bit longer.
We provide the loan amount between $5,000 and $500,000. If you apply for a particular amount, we will consider a number of variables to determine your health of the business and the level of repayments that your business will be able to support. The amount you receive from the loan will be determined by the specific circumstances of your business.
If you apply for a specific amount we will consider a number of factors to assess the well-being of the company and the amount of repayments your business can support. The total amount of the loan will be determined by the specifics that are unique to your company.
If you decide to make an application for business loans with us business loan, we’ll assess the risk assessment of your company and offer an individualised offer including the amount of loan, the term and the interest rates. A company loan is an upfront priced loan therefore you will know the exact amount payable including any interest rates, fees or charges.
The interest rates on company loans rates depend on a variety of variables like the amount to be borrowed, the company assets the money will be used for, the industry the business is in, how long the company has been operating for, how long the company has sufficient cash flow to support the loan, and the general health or financial standing of the business.
There are no hidden costs with our company loans. You’ll know precisely what it is that you need to pay, and when, from the day you sign up. There’s no compounding and there are no additional charges (as long as you make your payments on time).
We do not charge an application fee. You can get a cash loan without any upfront costs or obligation to proceed.
The Origination Fee covers the expenses involved with the setting up and management of the loan. This is only a fee if you proceed with the loan. Our Origination Fee is 2.5 percent of the loan amount.
You can choose to repay all of your loan early at any time.
If you are deciding to do this please contact our helpful business loans experts. We will offer you with details on repayment as well as an early payout amount. The figure will be calculated as the sum of the remaining principal amount and the accrued interest up to the time of the early payout, plus 1.5 percent of the remaining principal and any outstanding fees.
In order to help you avoid missing payment dates and to align with your cash flow general, we provide payments that are either weekly or daily. They are automatically deducted from your business account.
Protecting your information, and being clear about the ways we gather the information we collect, use, share and secure your information, is of paramount importance and a vital aspect of our relationship with you.
Yes. We use industry recognised encryption standards to protect your sensitive, personal as well as financial data. Our funders are ISO 27001 certified for our commitment to customer security and security. We employ a highly sophisticated bank verification system link to immediately verify your bank account information online to provide rapid response.
The term "asset-based" refers to borrowing where a business owner utilises an asset that they own to get a loan. The asset can be either an asset belonging to the personal, like the family home, or a business asset such as a truck or other piece of machinery.
The majority of lending institutions, including the banks with the biggest size, prefer to make loans secured by an asset. If you have trouble paying back the loan, then your asset may be taken over by the lender. In essence it’s a way of securing additional financing making use of the value of what you already own.
Up to $150K in loans the requirement for asset security is not required prior to the loan’s access but we require a personal guarantee. need an individual guarantee. If you adhere to the loan terms (as stated in the loan contract) and you are able to meet your obligations, asset security is not required. For loans over $150K generally, you are able to get personal ensure and security is provided in the form of the charge of assets.
While we aren’t able to help with an unsecure business loan in these types of industries, we may be able to assist you by providing a secured business loan.
