Starting a new business can be stressful enough without having to face loan application denials from a variety of banks and financial institutions. Unfortunately, new business ventures can be very difficult to fund and if you have passion and faith in your business idea, having no access to the required cash can be a hard pill to swallow.
In South Africa, strict requirements mean that many self-starters have to try and raise the cash they need to get started privately and often that is not a desirable or viable option. If you are looking around for business finance that is simple to achieve and designed to benefit your new venture, obtaining a loan from XCELSIOR may be the perfect solution.
We offer business finance that is quite different to the banks’ offerings. While you will be expected to complete piles of paperwork, prove your income and ensure an exceptional credit rating when applying for a loan with the bank, you will not have to adhere to any of these when applying at us. We are not interested in your background or your credit rating. We are interested in getting you the cash you need when you need it – no questions asked. We will not even waste your time with putting you through an affordability assessment.
Our loan model works on a pawn basis. You provide us with a vehicle as a form of collateral and we will provide you with up to 50% of the value of the vehicle in cash. The cash can be paid into your bank account on the same day and the vehicle will be kept in good care until your loan has been paid off.
Why is this a great option? The fact that you do not have to sell your vehicle to make the cash you need is a huge advantage. Once your loan is paid off and your business is doing well, you can get your vehicle back. There is little to no risk involved and you have the opportunity to follow your dreams and ambitions without being held back by your current financial status. We want to help you to realise your dreams and we do this by making it quick, easy and simple for you to get the loan that you need.
Not much is required of you when applying for business finance with XCELSIOR. First and foremost, you must be a citizen of South Africa and you must also own a vehicle that is registered in your name. The vehicle must already be paid off in full, if you had the purchase of the vehicle financed. You must be willing to hand the vehicle over to us for the duration of the loan.
One of the questions that we are often asked is what will happen to the vehicle if you are unable to repay the loan. In this type of scenario, we will sell the vehicle for the best possible price and use the amount acquired to settle your loan amount. We still have your best interests in mind when we do this and will ensure that any excess amount over and above what is outstanding to us, will be paid directly into your bank account.
Our team is friendly, reliable and approachable. We treat every applicant with the dignity that they deserve and we will make sure that you are provided with as much information regarding our loan product as possible, before you go ahead.
Are you ready to acquire business finance quickly and easily? We are certainly ready to help you with exactly that! For more information and advice, contact XCELSIOR via email or telephone today Alternatively, apply for your loan online in just a few minutes.