New Unsecured Finance for Business
A year ago I wrote a newsletter entitled Debt Finance Options Available through TBK Capital.
A year ago I wrote a newsletter entitled Debt Finance Options Available through TBK Capital. These sources of finance are still quite relevant, being:
- Traditional Bank Funding.
- Plant, Machinery and Vehicle Finance.
- Debtor and Invoice Finance.
- Peer to Peer Lending
So if you’re looking to borrow money for your business you should click through to that newsletter or call me, as there has been little change since then in the types of finance available.
Unsecured Line of Credit
However just recently we’ve been approached by a new lender that specialises in providing shorter term unsecured loans to SMEs, with no personal or director guarantees required.
Loans are in the form of a line of credit from $10,000 to $250,000 and only incur interest when drawn down. Repayment is monthly for up to 12 months. Early repayment incurs no penalty or extra fees.
The general requirements are that the SME has been in business for at least 18 months and has strong cash flows.
Quick Approval
TBK Capital is happy to act on your behalf in arranging these loans. Approval by the lender is expected within 24 hours. We do not accept brokerage fees from lenders so will refund those against the fees we charge our client for acting on their behalf.
The net result is on most occasions no brokerage fees are paid by you, but we will quote beforehand if that was to be the case.
CheersJP
John Paine B.Sc., Dip BIA
TBK Capital Limited
Level 15, BDO Building
120 Albert Street
Auckland 1010, New Zealand
Phone +64 9 307 3257
Fax +64 9 309 4519
Mobile +64 21 902 901
Email john.paine@tbkcapital.co.nz
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