What can I use the loan for?

Our customers use their funding for many reasons and they include purchase of new equipment or machinery, additional vehicles, stock or merchandise even one off advertising campaigns. Once approved you can use the typically unsecured working capital how you see fit.

How long do I need to have been trading?

We do not fund brand new start ups unfortunately, just active businesses than can show at least 6 months bank account activity.If you already own an existing business and are opening a new location or division then this would be fine.

How are the repayments calculated?

Your application will carry a risk profile related to both your business and industry you operate in. Interest rates will be one of several monthly tiers, with the interest capitalised upfront and added to the loan amount. Previous credit problems will also usually result in a higher risk so will be scored accordingly.

Do I need security to get approved?

Both Business and Working Capital Loans are unsecured as they are not typically attached to an asset. If you are looking to purchase a vehicle or some forms of equipment then the Interest rate provided would be reduced if security is applied to the items.