Some say that the best business finance loan is a secured one, and we could not agree more. In today’s economic climate, taking out a business loan without collateral is not only very difficult; it can be nearly impossible. Let us also not forget about the risk implied when you take out an unsecured loan. Business finance can certainly be tricky.
When applying for a business loan, you will need to provide projections for earnings and expenditure and you will also need to have an impeccable credit score and history. If you are blacklisted, you can probably expect that approval for a business loan will be impossible to obtain. Most business loans will include strict background checks and mountains of administration and that is why a collateral or secured loan application is usually successful. With suitable collateral in place, there is no longer the need for credit checks, complete pages and pages of paperwork, or to pore over lengthy and time-consuming projections and presentations. With minimal risk, there are minimal requirements.
What sets us apart from other secured finance suppliers is our efficiency. At XCELSIOR, we often surprise business owners with our quick and easy loan process. We request a vehicle as collateral against the required loan and we keep that vehicle stored at our secure storage facilities for the duration of your contract. The only other requirements are that the vehicle should be paid off in full and that you are a South African citizen living in the country. If that is the case, we can pay out the loan amount within as little as 30 minutes. If not, it should be on the same day as the application.
At this point, you might be wondering what vehicles we see fit to use as collateral. Currently we accept jet skis, cars, bakkies, SUVs, trucks, and motorbikes. Simply provide our assessor with access to your vehicle so that we can present you with a loan offer. A loan is provided to an amount not exceeding 50% of the collateral’s value.
Your application can be done online or telephonically, which means that you can complete your application from the comfort of your own home or office for the ultimate convenience. If you have any questions along the way, our website is full of useful information and we are available to you via telephone, email and online, to assist you as required.
Never has a business finance loan been so quick and easy to get. With the help of one of our consultants, you can make sound financial borrowing decisions that can help you to regain control of your own financial future once more. So, get your business thriving and growing again. Our part in the process is to ensure that you gain access to the right funds, when you need them, and with the minimum of fuss.
If you would like to learn more about applying for a business finance loan that is quick and easy to set approval for and paid out, waste no more time. Contact us via email or telephone at XCELSIOR for more help and guidance today.
