Tag : unsecured

Unsecured Business loans, unsecured business loan.#Unsecured #business #loan


Unsecured Business loans

There are 2 types of Business loans:

  1. Secured Business Loans: A 3 year term loan for proprietorship, partnership, private limited companies and limited companies based on a sound balance sheet.
  2. Unsecured Business Loans: Working capital funding in rupees as well as foreign currency for proprietorship, partnership, private limited companies and limited companies.

Unsecured Business loans

Unsecured Business Loans are loans taken by the borrower to start or enhance a business without any collateral. The borrower need not pledge any of his property or asset. There are many banks like HDFC, SBI, Shriram City finance etc. that provide you unsecured business loan in India and of course many financial services too like karvy financial services, cholamandalam financial services, indiabulls financial services etc.

Andromeda Loans India’s largest loan distributor brings the best deals for you.

Question 1: Starting a business OR need to enhance your business?

Question 2: Looking for a loan?

If the answers to both the above questions are ‘Yes’, then look for Andromeda Loans. We can help you avail unsecured business loans with no collateral, minimal paper work and quick approvals, 3 year term loan for proprietorship, partnership, private limited companies and limited companies based on a sound balance sheet. The eligibility criteria for unsecured business loan differ from bank to bank. However most often they consider the below factors:

  1. Age Most banks disburse business loans to individuals aged between 24 to 65 years.
  2. Current Business Experience Banks will prefer that your business has been showing stable signs of growth at least for the last 3 years. Some banks give a loan amount up to 60 to 80% of your median annual profits.
  3. Total Business Experience A bank will prefer if you have been engaged in sustainable business for at least 5 years to consider giving you a loan.

Working Capital for Business: Financial Services offers unsecured loans for your business needs. If you fall under the eligibility criteria and submit the relevant documentation you can get going with business loan without risking your assets and running business in constant fear of repayment of loan.

  • Always have an appropriate estimate of the working capital.
  • Compare business loan from various banks. The eligibility criterion varies from bank to bank and so also the procedures and formalities.
  • Please remember that the interest rates on unsecured business loans are always higher when compared to the secured business loans.
  • Get a quote on the loan by filling in and submitting the details from free quote.
  • You will need good credit reports / CIBIL score while applying for a loan. This is by far the main criteria to be eligible for a business loan.

Top 3 private banks that have healthy loan growth as per an article from www.business-standard.com are ICICI, Axis and HDFC Banks.

ICICI Bank offers short-term unsecured finance

  • Available at reasonable cost to selected dealers of large corporates, extended for procurement of goods from corporates.
  • Commonly available on a non-recourse basis, with corporate recourse available by way of First Loss Deficiency Guarantee in some cases.
  • Service Charges 0% 2% plus applicable service taxes

HDFC unsecured business loan

  • Loan limits of up to Rs.10 lakh
  • Doorstep service
  • With competitive interest rates
  • Special offer for self-employed Doctors
  • Attractive interest rates
  • Competitive interest rates
  • A vast segment of products suiting every requirement and budget
  • Convenient, quick disposal of loans for your enterprise requirements.

Compare the best deals from Banks offering Unsecured Business Loans or simply get a free quote by providing us the required details.

Frequently asked questions on Unsecured Business loan approvals.

  1. What Is Your Approval Rate?

The approval rate is high if you fall under the eligibility criteria.

  1. Is There a Fee To Have business loan Released?
  1. How Long Does It Take to Get Approved?

Approvals can happen in a matter of days.

  1. How Long Does It Take To Get The Funds?

Processing of the loans usually take 4 working days after all the documents are submitted.

Yes. You can pre-pay the loan after repaying a min. of 6 EMI’s. Foreclosure charges would be applicable as per the banks term and condition.



Unsecured Business Loans with No Collateral – Halo Capital, unsecured business loan.#Unsecured

Unsecured Business Loans with No Collateral or Credit Check

Unsecured business loan

Are you sick and tired of the strict qualifications banks and private lenders place on small business loans? Many institutions ask business owners for tens of thousands of dollars worth of personal collateral in order to qualify. Unfortunately, many companies simply don t have these assets and as a result, are shut out from fairly priced capital. Halo Capital simplifies the process by providing unsecured business loans with no collateral, no credit check, minimal paper work and quick approvals. We are able to make these loans by taking a different approach from most other loan providers. Instead of basing our evaluations on things like your credit score your personal assets, we look at the revenue your company generates to determine how much money you are eligible for. We can provide anywhere from 10K 2 million for your business. There are restrictions on how you can use your loan. If you re looking for a quick, hassle-free way of getting financed in a matter of days, then fill out the form on the right and a lender within our program will call with information on how much your business can receive.

Unsecured business loan

About the Financing Program

Due to recent government programs and Federal incentives, businesses can now qualify to receive loans between $10,000 2 Million without the use of personal guarantees, personal information or assets as collateral.

This is a free service that does not require any personal information since the loan is based on annual revenue of your business. This is a non-restrictive loan, allowing you the ability to spend the full amount of the loan any way you deem necessary for your business such as paying off or consolidating debt, hiring more employees, marketing or any other means you as the business owner feels necessary.

While this program is not a federal-based program, it is a benefit of the programs the government has provided that allows businesses such as yourself to qualify. We do want to stress that this is a free service and no personal information will be required.

Please ensure that you either meet or exceed the conditions to qualify as listed below. If you do meet those qualifications and complete the form to the right, a lender within our program will call with details of the unsecured business loans including terms and rates you qualify to receive.

Protect Your Personal Assets With An Uncollateralized Business Loan.

Unsecured business loan

Unsecured business loan



Unsecured Business Loans – $5, 000 to $300, 000 Apply Now, unsecured

Unsecured Business Loans

From $5,000 to $300,000. For a no charge pre-approval.

Unsecured business loan

Unsecured Small Business Loans Made Simple.

At Unsecured Finance Australia we do everything in our power to make the process of securing an unsecured business loan simple. We want nothing more than to see our clients succeed and are proud to provide small business owners with the funds they need to make their dreams a reality.

Unsecured business loan

Flexible

A term loan with a redraw option.

  • Facility term 3 12 months
  • Any business purpose
  • Top-up & early payout options

Trade

Line of credit for import + export

  • Facility term 12-months revolving
  • For import, export or domestic
  • Line of credit with no line fees

Equipment

Equipment or vehicle finance

  • Facility term up to 60-months
  • Balloon option
  • Range of equipment financed

Unsecured business loan

The online application process is quick and easy, and should only take about 5 minutes to complete. Receive approval and funds the same business day.

Loans from $5,000 to $300,000

settled same day

Minimal docs required

we only need the basics

Loan terms 3 to 12-Months

up to 60 for equipment

High approval rates

Fast 24-Hour Loan Approval

5-Minute online application

get started now

Apply now

Simple 5 minute online application.

We Support many diverse industries across Australia with unsecured business loans. Want more information?

Unsecured business loan

Wine Bar

Requirement: Customer needed funds to purchase the remaining half of their business from operating partner.

Our team quickly supplied an unsecured business loan and structured repayments to compliment the business.

Restaurant

Requirement: The restaurant relocated and required funds to fit out the new site.

Our teams fast turnaround gave the client access to funds from an unsecured business loan within 48 hours which enabled the owner to start fit out immediately.

Electrician

Requirement: Business needed funds to fit out new electrical van.

Unsecured Finance Australia’s fast turnaround gave client access to funds from an unsecured business loan within 48 hours to get their new van fitted out fast.

Unsecured business loans

From $5,000 to $300,000

At Unsecured Finance Australia we understand growing your business is important, so our team works hard to get your funds to you as soon as possible.

We offer loans ranging between three and twelve months. On average, most of our customers repay their loans between six and nine months, however, many also like to keep their payments low and spread out their payments over the full twelve month period.

For those wishing to pay off their loans early, often a discount is offered.

The online application process is quick and easy, and should only take about 10 minutes to complete. Or if you prefer, fill out the quick quote form on this page and get started in under a minute.

Our team works hard to ensure all business loans are approved in 5 working days or less. However, most of our loans are approved within 24 hours.

Unsecured Finance Australia offer short term unsecured business loans from $5,000 to $300,000. Just like a secured loan, the maximum amount you can borrow is determined by the amount of revenue and cashflow coming through your business.

At Unsecured Finance Australia we like to keep things simple. Unlike the big banks who require huge amounts of information about your business, we just require the basics.

We need to identify who you are, and often, a drivers licence is all we need to do this.

Loans $5,000 to $50,000 we require the last three months of your businesses banks statements.

Loans $50,000 to $250,000 we will need a little more information:

  • The last 6 months of banks statements for your business.
  • The most recent financials showing incomings and outgoings.

To quality for an Unsecured Finance Business Loan you will need to have the following:

  • A business with 12 months trading history.
  • Turnover in excess of $5,000 per month
  • Regular cash flow (daily, weekly or monthly)

At Unsecured Finance Australia we understand that every business is different and therefore the same loan or rate will not suit every business. As such, the interest rates on our loans change depending on the health of your business and its cashflow. Once you have submitted your application and we have assessed your application, we will then be able to provide you with a summary of how much you can borrow, the interest rate on your loan and a break down of any fees or charges.



Unsecured Business Loans – Unsecured Finance Australia, unsecured business loans.#Unsecured #business #loans


unsecured business loans

At Unsecured Finance Australia we understand growing your business is important, so our team works hard to get your funds to you as soon as possible.

Our team works hard to ensure all business loans are approved in 5 working days or less. However, most of our loans are approved within 24 hours.

At Unsecured Finance Australia we like to keep things simple. Unlike the big banks who require huge amounts of information about your business, we just require the basics.

We need to identify who you are, and often, a drivers licence is all we need to do this.

Loans $5,000 to $50,000 we require the last three months of your businesses banks statements.

Loans $50,000 to $250,000 we will need a little more information:

  • The last 6 months of banks statements for your business.
  • The most recent financials showing incomings and outgoings.

To quality for an Unsecured Finance Business Loan you will need to have the following:

  • A business with 12 months trading history.
  • Turnover in excess of $5,000 per month
  • Regular cash flow (daily, weekly or monthly)

Unsecured Finance Australia offer short term unsecured business loans from $5,000 to $300,000. Just like a secured loan, the maximum amount you can borrow is determined by the amount of revenue and cashflow coming through your business.

The online application process is quick and easy, and should only take about 10 minutes to complete. Or if you prefer, fill out the quick quote form on this page and get started in under a minute.

At Unsecured Finance Australia we understand that every business is different and therefore the same loan or rate will not suit every business. As such, the interest rates on our loans change depending on the health of your business and its cashflow. Once you have submitted your application and we have assessed your application, we will then be able to provide you with a summary of how much you can borrow, the interest rate on your loan and a break down of any fees or charges.

We offer loans ranging between three and twelve months. On average, most of our customers repay their loans between six and nine months, however, many also like to keep their payments low and spread out their payments over the full twelve month period.

For those wishing to pay off their loans early, often a discount is offered.



Business Loans – Unsecured Business Loans – Quick and Easy, unsecured business

Need A Business Loan, Quick?

UNSECURED BUSINESS LOANS – QUICK !!

Unsecured business finance for small businesses in South Africa is here.

If you are looking for small business funding, funding for business, sme funding, smme funding, business finance options, private business loans, funds for small business, business investors, company funding, purchase order funding or invoice discounting finance, apply now for quick business finance.

R 50 000 to R 1 mill, In 3 days, No security required.

Use the money to factor invoices, to expand, buy assets, settle debt, pay VAT, pay a deposit, pay tax, buy a vehicle, buy out a partner or for any purpose, is now possible.

If you have sales of R 1 million in the last 12 months apply on this site and submit 6 months bank statements after a loan manager has called you to get your Business Loan, quick.

The main criteria is regular cash flow through your bank account; ideally from credit card sales, EFTPOS or regular payments into your bank account. ( other conditions apply )

Private business loans are aimed at SMME’s with strong cash flow

Don’t let Business Funding be a daunting exercise.

Whether you use our small business loan service, big business funding service or are looking for a commercial loan, short term loan, long term loan, working capital loan, loan finance, unsecured business finance, business bridging finance, secured business loan, franchise business loan, franchisee loan or any other type of business finance, we have access to many sources of finance.

  • Submit the APPLY NOW enquiry form on this site
  • A loan manager will call you
  • Submit 6 months bank statements and completed application form
  • A business loan assessment is done
  • A credit loan is proposed and agreed to
  • The business loan funds are transferred to your bank account
  • You then pay back the agreed amount each day or week, until the working capital loan is settled

Some Examples:

The business was trading well and had been in existence for just over 12 months.

Most payments by customers were made by Credit Card.

The owner needed to upgrade his kitchen to ensure he met the seasonal demand.

He also had some creditors pressing for payments.

He applied for a R 300 000 unsecured loan Based on his credit card sales, a 6 month a unsecured business loan was granted.

The kitchen was upgraded and the creditor was paid.

He is paying back his loan by weekly debit order.

Established 18 months earlier and was growing at a rapid rate.

The owner signed a property lease for 3 years.

He needed to upgrade the IT systems to cope with a new distribution contract he had secured.

A large portion of his payments were made via a portable payment POS credit card machine.

The lender assessed transactions going through his credit card account and granted a R 100 000 loan in 3 days.

Repayment was by daily debit order.

Repayments were negotiated to be at 10 % of the daily sales.

The business had been trading for 15 months in a shopping centre.

The shopping centre had recently been upgraded and so the owner needed to upgrade the shop décor.

Within 3 days of submitting all supporting documents the R 50 000 loan was granted.

Repayment is by 26 weekly debit orders.

A national chain of health boutiques was upgrading many of its outlets and needed R 500 000.

A large portion of sales were made by credit card / EFT POS.

After a little negotiation a loan of R 1.5 million was granted.

Repayment is by weekly debit order.

The company had been trading for more than 3 years.

Contracted clients made regular monthly payments by EFT into the bank account.

They needed a deposit to rent a new warehouse and applied for a loan.

A R 500 000, unsecured loan was approved in 5 working days.

  • Business-Loan.co.za is an independent loan facilitator.
  • We are not qualified to give advice but submit your application to lenders that are.
  • Loans are not automatically granted and assessed on various risk and repayment criteria.
  • The Enquiry Form on this site, has set of basic questions which enable the lender to assess the risk and make a high level decision, on whether they can take the application forward.
  • When submitting the Enquiry Form, your application is submitted directly to the lender.
  • The lender will call for more information to verify the information you submit.
  • All loans are granted at the sole discretion of the lender.
  • The lender pays our fee.
  • Please ensure all requested documentation is submitted, to ensure quick processing.
  • Interest on loans: Equivalent of 4.17 % per month
  • Financial implications: Interest is accrued at lending rate of 4,17 % per month plus legal costs
  • Collection practices: All non-payment loans will be handed over to attorneys for collection. Legal costs will be for the borrower’s account
  • Impact to borrowers credit score: Defaulting borrowers will be added to the Credit Bureaus records and will be negatively rated
  • Renewal policy: The renewal of any loan will not be automatic and will be at the lender’s sole discretion. New or renewals will attract same fees as the original loan ie 4.17 % per month


Unsecured Business Loans, unsecured business loans.#Unsecured #business #loans


Unsecured Business Loans

The decision to start a small business instead of working for someone else is a brave, but tough step. It is certainly risk prone. Not only do you have to start at ground zero, but you may be starting with little-to-no prior experience or even a consistent cash flow to sustain your business. It takes some time for your business to begin to generate some revenue and for the ups and downs to stabilize. There is not any guarantee that a profit will be obtained or that your business will ever make a name for itself. If you are starting a business or planning to, and are looking towards securing a loan, you should be familiar with the pros and cons of secured business loans vs. unsecured business loans.

Secured vs. Unsecured Business Loans

A secured business loan is pledged or “secured” against some asset of the borrower, which can be sold to cover the cost of the loan by the lending institution if the borrower defaults. On the other hand, an unsecured business loan is a monetary loan and is not secured against any asset, hard/tangible or otherwise. In addition to the critical difference coinciding with the fact that not any collateral is required to secure the loan, another advantage is that the borrower is only charged some interest on the amount borrowed.

Unsecured business loans are available in the following different financial categories or packages from a lending firm or bank, such as:

How the interest rate is applied depends on the lender, as well as the credit history of the borrower.

Interest Rates in Unsecured Business Loans

The interest rates charged on unsecured business loans are nearly always higher when compared to secured business loans. This is because in case of the latter type of loan, it is a sure thing that, one way or the other, the lender will be repaid. The same is not the case with unsecured business loans. In these, the lender’s options for recourse are severely limited in the event that the borrower defaults. The higher interest rates are a symbol of the additional risk factor involved for the creditor.

So why should the lender loan you any money if the repayment lies on shaky grounds? That is what you have to work on. When applying for the loan, make sure that you have a good business credit report. If you are organized and convincing while promoting your business plan, the chances of obtaining your loan increase. Every lender will look at your past credit report for a reference, so try to pay your bills on time (yes, this is obvious). You may want to apply for more than just one loan, perhaps from different lenders, to get the best rates and repayment terms. For instance, a longer-term loan will typically offer lower interest rates because the lender is able to recoup more interest over the life of the loan. Some long-term loans may even add extra fees if the loan is paid off early, so be sure to read the fine print.

Many people suggest that for starters, it is a better option to opt for a secured business loan, because the added tension of having an outstanding loan and not being able to pay it back is worrisome. Of course losing your car or home is not a good option either. With unsecured business loans, it is not required to have the assets to cover the value of the loan. Only a positive credit report and the willingness to succeed is enough, at least in the initial stages.



Unsecured Business Loans – Unsecured Finance Australia, unsecured business loans.#Unsecured #business #loans


unsecured business loans

At Unsecured Finance Australia we understand growing your business is important, so our team works hard to get your funds to you as soon as possible.

Our team works hard to ensure all business loans are approved in 5 working days or less. However, most of our loans are approved within 24 hours.

At Unsecured Finance Australia we like to keep things simple. Unlike the big banks who require huge amounts of information about your business, we just require the basics.

We need to identify who you are, and often, a drivers licence is all we need to do this.

Loans $5,000 to $50,000 we require the last three months of your businesses banks statements.

Loans $50,000 to $250,000 we will need a little more information:

  • The last 6 months of banks statements for your business.
  • The most recent financials showing incomings and outgoings.

To quality for an Unsecured Finance Business Loan you will need to have the following:

  • A business with 12 months trading history.
  • Turnover in excess of $5,000 per month
  • Regular cash flow (daily, weekly or monthly)

Unsecured Finance Australia offer short term unsecured business loans from $5,000 to $300,000. Just like a secured loan, the maximum amount you can borrow is determined by the amount of revenue and cashflow coming through your business.

The online application process is quick and easy, and should only take about 10 minutes to complete. Or if you prefer, fill out the quick quote form on this page and get started in under a minute.

At Unsecured Finance Australia we understand that every business is different and therefore the same loan or rate will not suit every business. As such, the interest rates on our loans change depending on the health of your business and its cashflow. Once you have submitted your application and we have assessed your application, we will then be able to provide you with a summary of how much you can borrow, the interest rate on your loan and a break down of any fees or charges.

We offer loans ranging between three and twelve months. On average, most of our customers repay their loans between six and nine months, however, many also like to keep their payments low and spread out their payments over the full twelve month period.

For those wishing to pay off their loans early, often a discount is offered.



Business Loans, No Doc Loans, Personal – Specialty Loans, unsecured business loans.#Unsecured

UNSECURED BUSINESS LOANS

Unsecured business loans

  • NO DOC LOAN OPTIONS AVAILABLE
  • FUNDING UNDER THE EIN# OF THE BUSINESS
  • BUSINESS FINANCING WITHIN 1 DAY IN BUSINESS
  • FUNDING FROM $5,000 TO $250,000

Our unsecured business loans are most popular with:

Unsecured business loans Business owners who either show low or a zero profit at the end of the year (No Documentation Program)

Unsecured business loans 1099 contractors that write off their income and show low or zero profit at the end of the year (Profit and Loss Cash Flow Program)

Unsecured business loans Any business owner that wishes to establish business credit under their EIN #

Unsecured business loans are an option to all clients if they have been in business for 1 day or for the full 2 years. We cater to clientele that could not be helped by normal banks or funding institutions. If you have ever been turned down by a bank we probably have a solution for you.

We are not a factoring company. Our loans are paid once a month not daily. Interest rates are fixed without a prepayment penalty. All industries are allowed. Our unsecured business loans range from $5,000 up to $250,000.

Our unsecured business loans create higher cash flow for businesses because they are fixed rate monthly financial obligations. Unlike a factoring loan which is paid daily our loans are paid once a month and allow business owners a longer payback term so they can use the capital more efficiently. (Credit and state will vary. Call for details)

Our unsecured business loans go under your business credit EIN # to establish a business credit profile.

Our most popular product is our no documentation unsecured business loan or line of credit. Under this product business owners, Partners, LLC’s and 1099 contractors will not be required to show tax returns, pay stubs or other proof of income. Income is stated and not verified.



Unsecured Business Loans, Get Up To $250, 000 Fast, Balboa Capital, unsecured

Get an Unsecured Business Loan in Just Days!

If you own a small business, you need access to capital to help your company grow and prosper. A great option for you to consider is an unsecured business loan from Balboa Capital. Unlike a traditional loan from a bank, an unsecured business loan can be approved without collateral or a near-perfect credit score. Plus, the application process requires far less paperwork. Our online loan application takes just minutes to complete, and we will provide you with a decision quickly. That means you won’t have to wait long to find out how much you might qualify for.

  • Easy Application/Quick Credit Decisions
  • Get up to $250,000 with Basic Information

  • Get up to $2 Million with Full Financial Package

    No Collateral? No Problem

    One huge benefit of an unsecured business loan from Balboa Capital is that it doesn t require any collateral. As a result, assets such as your house, business equipment and car are protected in the event that you can t repay the loan. It is worth noting that unsecured business loans typically have a higher annual percentage rate than traditional loans, but they are funded much faster.

    The Flexible Terms You Want

    Flexible payment terms are one key advantage of an unsecured business loan from Balboa Capital. Our term lengths typically range from 3 to 12 months and will be based on your unique credit profile. You can use your unsecured loan for any daily business need, including inventory, marketing, taxes, expansion, and more. Balboa Capital has a dedicated team that specializes in unsecured business loans. Over the years, we have helped business owners in all industries secure the fast cash they need, and we can do the same for you. To get started, complete the simple form on this page, or submit your unsecured business loan application directly through our website.



  • Unsecured Business Loans with No Collateral – Halo Capital, unsecured business loan.#Unsecured

    Unsecured Business Loans with No Collateral or Credit Check

    Unsecured business loan

    Are you sick and tired of the strict qualifications banks and private lenders place on small business loans? Many institutions ask business owners for tens of thousands of dollars worth of personal collateral in order to qualify. Unfortunately, many companies simply don t have these assets and as a result, are shut out from fairly priced capital. Halo Capital simplifies the process by providing unsecured business loans with no collateral, no credit check, minimal paper work and quick approvals. We are able to make these loans by taking a different approach from most other loan providers. Instead of basing our evaluations on things like your credit score your personal assets, we look at the revenue your company generates to determine how much money you are eligible for. We can provide anywhere from 10K 2 million for your business. There are restrictions on how you can use your loan. If you re looking for a quick, hassle-free way of getting financed in a matter of days, then fill out the form on the right and a lender within our program will call with information on how much your business can receive.

    Unsecured business loan

    About the Financing Program

    Due to recent government programs and Federal incentives, businesses can now qualify to receive loans between $10,000 2 Million without the use of personal guarantees, personal information or assets as collateral.

    This is a free service that does not require any personal information since the loan is based on annual revenue of your business. This is a non-restrictive loan, allowing you the ability to spend the full amount of the loan any way you deem necessary for your business such as paying off or consolidating debt, hiring more employees, marketing or any other means you as the business owner feels necessary.

    While this program is not a federal-based program, it is a benefit of the programs the government has provided that allows businesses such as yourself to qualify. We do want to stress that this is a free service and no personal information will be required.

    Please ensure that you either meet or exceed the conditions to qualify as listed below. If you do meet those qualifications and complete the form to the right, a lender within our program will call with details of the unsecured business loans including terms and rates you qualify to receive.

    Protect Your Personal Assets With An Uncollateralized Business Loan.

    Unsecured business loan

    Unsecured business loan