Is the thought of obtaining a business loan getting you down? Don’t worry, you are not alone. Business loans can be daunting, even for those who are prepared and qualify for them. Unfortunately, business loan requirements can become tricky. You require more than just proof of ID, bank statements and payslips. Loans of a business nature require financial forecasts, a business plan and in most instances, surety. It can be quite tough to get the funds that you need to kick-start your great new business idea and that can be very disheartening. If you have been worried about the financing of your new business, perhaps it is time to consider an alternative loan option, and we have just the option for you.
Starting a new business or funding a new project or venture is no easy task. Your mind is sure to be caught up in the details and you are guaranteed to be distracted by all the things demanding your attention. The last thing you need is the headache of applying for loans with institutions and having to deal with excessive administrative red tape. It can be even more of a headache if you do not pass the pre-approval checks, which can be a lengthy process too. The ideal situation for you is to have quick, uncomplicated access to cash, when you need it. That’s the XCELSIOR promise and there is no reason why you cannot benefit from our unique business loans model as many others have.
Once you have your business finance arrangements in place, everything else will follow. Having access to the funds you need, when you need them, without having to be concerned about about being approved for a loan or your application being turned down can be the difference between a thriving business and a business idea that quite simply never took off. Stay focussed and positive, because we will provide you with the product, service excellence, and easy repayment terms that you need and deserve.
Of course, if you have a new business idea and want to get it started, you do not want to spend most of your time dealing with the paperwork and red tape involved in new financing. Not only can it be time-consuming, but it can also put a damper on the spirit and motivation that you started out with. Most new business owners want to get their business up and running as soon as possible and we understand that. We are just as excited about your new business venture as you are.
Our loan model supports the new business owner or entrepreneur by being quick and easy to obtain. Your credit rating and financial history will not even come into play at any stage of the application process and we will not make you sit through a lengthy affordability assessment either. We do however have a few requirements. First and foremost, you will need to be a South African citizen. The next requirement is that you need to have collateral in the form of a vehicle. We consider cars, SUVs, trucks, bakkies, motorbikes and jet skis as acceptable forms of collateral.
Once you have accepted our loan amount, which is limited to a maximum of up to 50% of the value of the vehicle, the vehicle will be stored at our safe and secure premises. It is kept safe and sound until the loan is paid off and then it is delivered back into your care. It is a simple loan concept and one that might be just what your business needs to get up and running.
