Loans & Overdrafts
Unsecured Business Loans
Unsecured business loans are short-term by nature and allows you to borrow funds for your business without the need for any asset security. Unlike the secured loans which require you to borrow against a vehicle or property, unsecured loans are not backed by any tangible security.
These loan applications are often assessed based on the financial health of the business, existing cashflows and the borrower’s creditworthiness.
• Small business loans from $5,000 to $ 500,000
• Simple application & Fast approvals
• Loan terms up to 36 months
• No asset security required
• Tailored to your individual business needs
What could your business do with funds?
• Purchase inventory
• Purchase tools or equipment
• Fit-out and renovations
• Expand your business
• Marketing campaigns
• Roll out a new product or service
Business Overdraft / Line of Credit
A Line of Credit is a revolving facility with a pre-determined credit limit that can readily be drawn down or repaid back at any time.
These applications are often assessed based on the existing cashflows, financial health of the business and the borrower’s creditworthiness.
• Apply up to $ 500,000
• Terms up to 36 months
• No asset security required
• Interest charged only on the funds used
• Fast & simple application process
• Pay staff wages
• Operational expenses
• Buy urgent stocks
• Unexpected expenses
• Pay suppliers
• For seasonal working capital needs
• Marketing expenses
Merchant Cash Advance
A Merchant Cash Advance (MCA) is a unique credit facility where the amount advanced is calculated and approved based on the sales volume of your business.
These cash advances are paid off daily as an agreed percentage of your daily sales.
It is a quick & easy way to get a cash injection to your business without the need to provide any asset security.
• Fast & simple application process
• Less documentation
• No asset security required
• Based on business turnovers
• Tailored to your individual business needs
