Secured Business Loans
A secured business loan is a great way of avoiding large amounts of interest whilst at the same time, taking out large loans. Secured business loans require you to offer an asset as collateral, which is used to pay off the loan in the case that you are unable to pay off your instalments. Talk to us today about how to apply for a secured business loan.
Unsecured Business Loans
Unsecured business loans, on the other hand, require no collateral and offer a variety of benefits. The main thing about these loans is that they are quick and usually short term. They offer fast approvals and minimal paperwork and on top of that, they offer funding from $5,000 to $500,000. Call us today, and we help check your eligibility.
Debtor and Invoice Finance
Debtor and invoice finance is a way to receive funding through outstanding invoices. This means that cash flow can be retained without having to wait for your customers to complete a transaction. The amount received is directly linked to the value of your sales. On top of that, this type of loan does not require a collateral. The team at Loan Choice, can help you work out a loan that suits your needs.
Line of Credit
A line of credit loan is quite different from a traditional loan. It allows the borrower to withdraw money from their bank, to a limit that is. After a loan is taken out, it must be paid back, but after the money has been repaid, it can then be borrowed out again. This cycle of borrowing and repaying can be done as many times as the borrower wishes. On top of that, a line of credit doesn't require a collateral, and typically boasts lower interest rates than even fixed-interest loans. Call us today to find out more.
Trade Finance involves the financing of both domestic and international transactions. Trade finance is used when an exporter requires a seller to make a prepayment on an item that is to be exported. In doing this, they ensure the legitimacy of the transaction. Talk to a specialist at Loan Choice today, for more information.