Business Loan

Business Loan

No matter if you’re a sole trader, a startup, or an SME, it’s likely that at some point in your business’ life, you’ll need extra funds to power growth. Instead of seeking cash investors, fast and cost-effective business loans can be a better option.

Acquisitions, debt reduction, solid working capital. Stop waiting on slow cashflow or investors to expand. Boost your company’s growth with a loan that’s purpose-built for business needs.

A business loan is a sum of money that’s borrowed by a business entity rather than a private individual.

Business loans come in many shapes and sizes and can be used for a wide variety of commercial activities – things like inventory purchase, property and vehicle purchase, tax payments, salaries, overhead costs, business startups, expansion, acquisitions, franchising, and repaying more expensive short-term debt. Repayment periods and interest rates will vary according to the sum borrowed, the type of loan, and the status of the borrower.

There are many types of business loan. Some require the borrower to provide security (collateral) to reduce the lender’s risk, while some do not. Usually, the lump sum provided is lower and the interest rate is higher for loans where no security is provided.

Lenders will usually provide loans to businesses that show they can comfortably repay them, so risks for the borrower will be small. However, loans can be spread over years and business circumstances could change in the interim, some of which may present risk to the borrower.