Typical forms of collateral, also called security, are residential or commercial property, vehicles, machinery or other equipment. The application process is quick and easy, as long as the business can provide a form of security against the loan.
- Up to $500k
- From 3 to 60-month term
- Used for any business purpose
- Same day funding
- Weekly, fortnightly or in some cases monthly repayments
- Interest rate lower than an unsecured business loan
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