Business Loans

A secured term loan is a way of securing finance for your business. The loans are provided for a fixed time period and are ‘secured’ by a physical asset that is owned by the business or one of the directors and has an assessable value. This asset is often referred to as ‘collateral’ or ‘security’ such as residential property, commercial property, vehicles, machinery or other equipment.

A unsecured term loan is a way of securing finance for your business without an asset used as security. Unsecured term loans can make it easier to get a loan for small businesses or businesses that don't want to use personal assets for security. However, the loan amount is often smaller and the interest rate higher.

A business overdraft is an agreed amount of additional funds that you can use through your business transaction account. Interest is paid on the amount you use and a fee for the total approved amount. Repayments are made whenever you put money into your transaction account.

Debtor finance is a finance amount based on the value of a business' accounts receivable i.e. outstanding invoices. It is often used help with cash flow while a business is waiting for invoices to be paid by customers.

It is a short term loan which using the unpaid invoices as collateral.

Inventory finance is a short-term loan or line of credit that is used to acquire goods for a business that can then be sold. The income from the sale of goods are then used to repay the loan. If the borrower is unable to sell the goods, then the lender can take possession of the goods, which are collateral for the loan.