Business Loan - Introduction
Small businesses are the engine room of our economy. And capital is what fuels them. However experience shows us that they often struggle to get the flexible funding they need.
That can lead to missed opportunities, and volatile cash flow. Lender like Prospa fills a huge gap in the lending market – giving small businesses flexible solutions, a great customer experience, a fast response and a fair go.
Business loan provider are especially important now as we support small businesses through the economic recovery.
There are various type of business loan to support the business and the industry, but in general its divided unto two type:
Small Business Loan
This is a lump sum small businesses can use to jump on opportunities or cover one-off expenses. The application is quick and easy, clients will receive a fast decision and funding is possible in 24 - 48 hours.
Use the funds to: • Add a new product or service • Purchase equipment or tools • Do a renovation or fit out • Upgrade equipment or machinery • Grow or expand your business • Run a marketing campaign • Build a website • Plus more…
Business Line of Credit
This provides small businesses with ongoing access to funds that they can use to cover unexpected cash flow gaps. The application is quick and easy, clients will receive a fast decision and funding is possible in 24 - 48 hours.
Use the funds to: • Manage cash flow gaps • Pay staff wages • Cover unpaid invoices • Buy urgent stock • Manage seasonal fluctuations • Pay suppliers • Manage late paying customers • Plus more…
Dont hesitate to get into to discuss your requirement