As an Australian company, we strive to support Australian businesses with the most affordable and workable finance options, whether secured by specific assets or unsecured.
In addition to providing a comprehensive range of commercial finance products for the purchase of equipment,we also provide very attracted unsecured business loans for ongoing business costs.
Sometimes referred to as a ‘loan without collateral’, an unsecured business loan is financing and funding solution which is available to businesses which do not require any assets to be placed as security or collateral against the loan.
With other types of commercial finance – Chattel Mortgage, Asset Lease, Equipment Rental and Commercial Hire Purchase – the equipment being financed is taken as security against the loan. If the borrower defaults on payments, the lender can take the equipment to recoup the loan amount.
With an unsecured loan, there is no such security and as such, the risk to the lender in making this loan is much greater. As such, unsecured business loans usually attract higher interest rates than secured loans and the lender may require higher repayments. How ever these loans can provide excellent solutions to growth, stock and cashflow problems to name a few.
If the borrower does default on the loan, the lender does have the option of going through the courts to recoup their funds.
Jade understands that businesses need funds which are not always to be invested in equipment or asset. So we offer unsecured business loans as a very workable solution to keep businesses going and growing.
Many new businesses and start-ups are looking for unsecured loans and not all banks could make such loans available to new and start-ups. They often only make unsecured loans available to well established businesses.
As we are accredited with many non-bank lenders, we have access to unsecured loan funding and with our industry knowledge and expertise, we know where to source you an excellent unsecured business loan.
Unsecured business loans may be used to employ more staff, for non-asset investments or for ongoing business expenses during key periods to name a few common uses. Such funding is particularly useful to businesses engaged in project work where the client is paying in instalments or with the balance on completion of the project. The business needs operating funds to carry out the work until the payments start arriving.
If your business needs an injection of funds, please do not hesitate to contact a Jade Equipment Finance Consultant to discuss how we can assist with an unsecured business loan.
Speak with a Jade Business Finance Consultant to discuss an unsecured business loan. Call 1300 000 003