Commercial Finance FAQ's
What happens after I apply?
As soon as we receive your commercial finance application, we call you to discuss the details, so we can find the most suitable lender or solution to your situation.
How hard is it to get commercial finance?
There are many factors in determining your suitability for commercial loans. These include how long your business has been in operation, whether you have collateral and the purpose of the loan. For most SME’s it can be quite hard to get a bank loan, however there are alternative lenders that will assist you with you financing needs.
Is it possible to get commercial finance without collateral?
Yes, it may be possible for you to obtain commercial finance without collateral. This is called an unsecured loan. The interest rates tend to be higher and you may not be able to obtain as much finance as you would with secured commercial finance.
Some commercial loan types don’t need collateral as such because the purchase of equipment and lands serves as the security.
Some non-bank lenders provide unsecured finance, using your finances and credit information to assess your suitability for the commercial loan