Business loans include any borrowing for business purposes. This can include working capital to assist in business operations or expansion, overdrafts, merchant facilities, business equipment that doesn't fall under the realm of
equipment financing such as office fit-outs, and more.
Security is usually extremely important for business loans. Obtaining a business loan without any real property as security is becoming increasingly difficult for anyone but the strongest applicants, so it is often necessary to have an asset to offer to support a business loan application. This could be either residential or commercial property.
As with
commercial loans and
equipment financing, the assessment of business loans is very subjective, and each application is assessed on its merits.
If you are interested in applying for a business loan, please
contact us to discuss your specific situation.