Unsecured Business Loans | Finance Broker
Why Use Jade Equipment Loans?
Cheap equipment loan interest rates
Using Jade is the right decision
A company that delivers
Affordable Equipment Financing and Unsecured Commercial Loans
In addition to providing a comprehensive range of commercial finance products for the purchase of equipment, we also provide very attractive unsecured business loans for ongoing business costs.
Sometimes referred to as a ‘loan without collateral’, an unsecured business loan is a 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.
Supporting Business
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.
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. However, these loans can provide excellent solutions to growth, stock and cashflow problems to name a few.
Unsecured Business Loan Calculator
Using this free online calculator is predicated on the user’s awareness and also acknowledgment that the estimated payments presented does not imply a financing quote; it does not suggest an application for any kind of financing has actually been lodged; it is not an indication that any kind of loan application has actually been approved. The formatting of this device does not allow certain information regarding any type of specific personal loan application or any kind of lending institution fees and also costs. It is formatted to multiply a general outcome based on basic information and also amounts solely.
After lodging a formal lending application, the quote and repayment amounts that you may possibly be provided may vary from the loan quote calculated by this tool.
The device is not suitable for estimations on financings that are developed on a passion only basis. The format is totally established to compound interest for a set time period based on the amounts input by the site visitor.
The calculator is not intended as a tool for finance decision making. Individuals that need financial advice need to look for a professional economic consultant in relation to their circumstances. To apply for financing as well as obtain a quote based on your personal requirements, the user must speak to Jade as well as have their specific application reviewed by among our Jade consultants.
If the borrower does default on the loan, the lender does have the option of going through the courts to recoup their funds.
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.
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THE INTEREST RATE IS CALCULATED ON A SECURED LOAN PREDOMINATELY FOR BUSINESS USE, EFFECTIVE 21/11/2024 AND SUBJECT TO CHANGE. WARNING: THE INTEREST RATE IS TRUE ONLY FOR THE EXAMPLES GIVEN AND MAY NOT INCLUDE ALL FEES AND CHARGES. DIFFERENT TERMS, FEES OR OTHER LOAN AMOUNTS MAY RESULT IN A DIFFERENT INTEREST RATE.
We work harder to secure the best rates.
