Unsecured Business Loans Explained

0 %
100 %
Information about Unsecured Business Loans Explained
Finance

Published on March 13, 2014

Author: NGiFinance

Source: slideshare.net

Description

NGI Finance look at an overview of unsecured business loans, how they can help your business and how to go about submitting an application for a loan. A useful and interesting insight.

UNSECURED BUSINESS LOANS An overview of unsecured business loans, by NGI Finance 0870 8504484

What Exactly Is An Unsecured Business Loan? An unsecured business loan is a loan offered by a bank or lending institution to a business. With unsecured business loans, the borrowing business is not required to place any personal or business assets as collateral on the loan. This makes it a highly viable option for many organisations, of all sizes. 0870 8504484

Unsecured vs. Secured What’s The Difference Between An Unsecured Business Loan And A Secured Business Loan? For unsecured business loans, the interest rate and repayments are fixed for the life of the loan. Unsecured business loans are not fixed to a borrower’s assets, whereas secured business loans rely on them. Unsecured business loan interest rates have a tendency to be slightly higher than those of a secured loan’s as the lender’s option for recourse against the borrower in event of default are limited. 0870 8504484

Why An Unsecured Business Loan? There are many reasons you may want to take out a loan as a business: • More autonomy • Consolidate debts • Freedom to sell assets if necessary • No supply collateral • Easy to obtain 0870 8504484

You may be under unreasonable pressure from your bank and require a loan to reconcile issues. Even if this is the case, unsecured business loans are easy to obtain and have minimal risk in comparison to secured loans. You do not need to supply collateral, whereas if your business defaults on a secured loan the lender can seize your property. 0870 8504484 Why An Unsecured Business Loan?

Eligible For An Unsecured Business Loan? A successful application is mainly based on your business and personal credit rating, your financial status, and the amount that you would like to borrow. The lender will assess the risk in offering the loan. This level of risk will then be reflected in the rate of interest within the terms and condition of your unsecured business loan. 0870 8504484

NGI’s terms Every professional lender operates their own regulations. NGI Finance will consider your application for an unsecured business if your company has been trading for more than two years and you can provide two years worth of filed and formal accounts. 0870 8504484

How Much Can I Borrow? NGI Finance offer unsecured business loans for between £5,000 and £150,000 with rates starting from 8% APR which enables you to pay off your existing overdraft or invest in your business. 0870 8504484

How Can I Use It? Unsecured business loans can be used for: • launching new marketing campaigns • buying new business software • building new websites • purchasing stock • carrying out expansion plans • supporting the working capital • supporting cash flow • reducing your bank’s overdraft. 0870 8504484

For more information… Get in touch with NGI Finance today for information about an unsecured business loan that can help your organisation. Call: 0870 8504484 Visit: www.NGIFinance.co.uk 0870 8504484

Add a comment

Related presentations

Related pages

Secured and unsecured borrowing explained - Money Advice ...

Unsecured loans explained. An unsecured loan is more straightforward. You borrow money from a bank or another lender and agree to make regular payments ...
Read more

unsecured business loan |Loans Explained - YouTube

Loans are straightforward and can be a powerful financial tool to help you get what you want out of life. Dave Fleming, Head of Digital Loans at ...
Read more

Unsecured Business Loans explained (FundingStore.com ...

This short presentation takes a closer look at unsecured business loans - what they are, when they may be relevant and which funders are ...
Read more

An unbiased, independent guide to business loans.

Credit Explained. An unbiased, independent guide to all ... Unsecured business loans provide funding that must be repaid in monthly instalments along with ...
Read more

Business Car Loan Explained, Business Loan, Unsecured ...

UK Car Finance - a business car loan explained - definition of business loans for purchasing vehicles
Read more

Unsecured Loans: Unsecured personal loans explained

Unsecured loans require the borrower to have a good credit history. Find out more about unsecured personal loans from MyMoneyHelp.com.
Read more

Guide: Unsecured Business Loan or Line of Credit Explained ...

December 24, 2012. Guide: Unsecured Business Loan or Line of Credit Explained. Written by Life House Financial
Read more

Unsecured Loans Explained - Click Finance

Unsecured Loans Explained. Wednesday 9th December 2015, 2:15pm. Unsecured Loans Explained. Personal loans are widely available through a number of ...
Read more

Unsecured Business Loan | Balboa Capital

Get an unsecured business loan from Balboa Capital. We specialize in unsecured business loans and offer high approval rates and fast funding. Apply online.
Read more