Get a Loan for a Start-up Business at XCELSIOR! Apply Online.

You can read a hundred and one articles online about starting your own business, and while you will pick up a myriad of tips on how to be successful in your chosen field, there is one stumbling block or challenge that you might not be able to get past: finance. Any new business needs a capital investment, and taking out a loan for a start-up is no easy task. As a new business, everything is a little bit more difficult. You do not have profits to prove your future success, and before you can make money, you need money. It seems like a vicious circle, and it can be, if you are set on only applying for loans through traditional channels.If you want to avoid all of the red tape of start-up business loans, you can choose to do things a little differently. Here is how:
If you own a vehicle that will not be an essential part of the business in the start-up months, you can use the vehicle to apply for a loan. Using your vehicle to get a loan for a start-up business is a sure-fire way to secure a loan, quickly. The vehicle is then used as collateral, which means that you will not have to prove your income, be employed full-time, or even go through those pesky affordability assessments. It will not even matter if you are blacklisted. As long as you have a vehicle that is valued at the same amount, or more, than the total that you request to loan, your start-up loan will be granted. However, this loan model is not at every bank and financial house. You will need to apply for a loan for a start-up with XCELSIOR.
cash loan against car

When you use your vehicle to apply for a loan, you will need to meet the following criteria:

• You must be 18 years old or older, and must be a South African citizen.
• The vehicle you are using as collateral must be fully paid off, and in your name.
• You must have an official form of ID, and the papers for the vehicle.The total value of the vehicle must be assessed by our team, and once this value is determined, you can request a loan amount of up to 50% of the total value. This should get you sufficient financial aid to get your business started and your feet on the ground.Starting up a new business is a time that is filled with challenges and hurdles, but it is also a time of great excitement. With a loan from XCELSIOR, you can set the financial stress aside, and focus on growing your business and making the most of the opportunities that exist for it.

If you would like to apply for a loan for a start-up business, we strongly recommend that you get in touch with us. You can apply for a loan on our website, or you can contact us via email or telephone for further assistance.