Starting or operating a business is a lot of work! So much time and effort gets put in to each decision. The last thing you want to do is get caught up searching for funds, applying to bank after bank. Finding business loans should be an easy process, a simple online enquiry without the fuss of mountains of paperwork! We get that sometimes the required documentation isn’t readily available. When you are self-employed getting a loan from a bank can be a pain in the butt. We understand that you have bigger things to worry about and the faster you can get funds the better!
Business loans may be either secured or unsecured. With a secured loan, the borrower pledges an asset (such as plant, equipment, stock or vehicles) against the debt. If the debt is not repaid, the lender may claim the secured asset. Unsecured loans do not have collateral, though the lender will have a general claim on the borrower’s assets if repayment is not made. Should the borrower become bankrupt, unsecured creditors will usually realise a smaller proportion of their claims than secured creditors. As a consequence, secured loans will generally attract a lower rate of interest.
We can assist you with the following types of loans:-