Starting a new business can be an exciting experience, but it can be stressful and expensive too. If you have a sound business idea and do not want to get caught up in all the red tape of loans with banks and other large lending institutions, a loan from XCELSIOR is the way to go. A loan for a start-up is not always easy to get. In most instances, banks want guarantees of the success of the business and will do a lot of research into your financial history, your credit rating, and your subsequent ability to afford the loan. You will need to provide copies of bank statements, pay slips, and various other personal documents. If you want to avoid all the hassle of applying for a bank loan, we would like to share some information on an alternative loan option at XCELSIOR.
The Simplicity of Our Loans Is Impressive
At XCELSIOR, you can apply for a loan and we will not check your current income, scrutinise your bank statement, or put you through the frustrating process of credit checks and affordability assessments. At XCELSIOR, our loans are based on collateral. What do we accept as collateral? We accept vehicles as acceptable forms of collateral, specifically cars, bakkies, vans, trucks, motorbikes, and jet skis.
How to Apply for A Business Start-up Loan
Applying for a start-up loan with us is quick and simple. In fact, everything can be handled online via our website and over the phone. Let us know how much you need to borrow and provide us with the details of your vehicle. When you apply for a loan for your start-up with us, we will need to assess the vehicle to determine its real value. An assessor will be sent to you to assess the vehicle and go over the finer details of your potential loan.
We can offer up to 50% of the total value of your vehicle as a loan, so make sure that the required loan for your start-up can be funded by that particular amount. If you agree to the assessed amount and the repayment requirements, we can have the amount paid into your account on the very same day. In some instances, it is in less than an hour. Now that is convenient.
What Happens to Your Collateral Vehicle
What happens next? The next step is to allow us to collect the vehicle, or you can deliver it personally to our storage facility. Here, your vehicle will be kept safe and secure until your loan has been repaid. The vehicle will not be used, and will remain securely locked up at our facility.
Apply for a loan to get your start-up business going with XCELSIOR online today and get your dream business or your next big idea off the ground, with minimal effort and financial stress. To learn more about our unique loan model, we welcome you to chat with one of our friendly and knowledgeable loan consultants. You can reach us via email or telephone and we would be delighted to assist you further.