Starting up a new business or funding new projects and initiatives in your business can be costly. Unfortunately, small and new businesses do not always have the funds available to finance new ideas and projects. This is where the need for business loans comes in, but unfortunately, they are not very easy to get. Banks and various other financial lending institutions have strict requirements when it comes to authorising and granting loans.
Those who are successful often have to go through a lengthy application process and then wait a while longer before the loan amount is actually paid over. Loan applicants must also go through a thorough expense analysis and background checks to ensure that they can afford the monthly repayments and also to ensure that they have not been blacklisted or placed under debt review in the past.
We do loans differently. We will not put you through the stressful and time-consuming loan application process that other institutions will. We will also not ask you to explain the purpose of your loan or scrutinise your current earnings and expenditure either. We make loans simple and we keep the application process just as simple.
What do you need if you want to take out business loans with us? You will need collateral in the form of a vehicle and that’s it. Simply make sure that the vehicle is paid off and in your name and we can give you a loan of up to 50 per cent of the value of the vehicle for you to use for your business needs. Of course, you must be a South African citizen. Business loans have never been this easy to get.
At XCELSIOR we know that you do not have time to keep your business waiting for finances when you have a big new idea or project that needs financing. We keep the loan process quick by ensuring that the required funds are paid out within 48 hours of making the application. If you apply early enough, we can even have the funds made instantly available in your bank account on the same day.
Why our Collateral Loans are Ideal Business Loans:
- Our loans are quick and easy to get.
- If you are unable to repay your loan, the collateral vehicle can be sold to defray costs. The balance, if extra is earned on this sale, will be paid into your bank account. This means that you cannot be blacklisted if you are unable to repay your loan.
- No long-term contracts involved.
- You can take out a business loan with us, even if you are blacklisted or under debt review.
- We accept a variety of vehicles as a form of collateral including cars, motorbikes, trucks, bakkies and jet skis.
If you are looking for business loans that are quick and easy to get, take the time to get in touch with us at XCELSIOR. We will make sure that your business gets the cash relief that it needs to get ahead. We welcome you to contact us via email or telephone for more information and advice today.