COMMERCIAL & BUSINESS LENDING
Do you need a business loan to start up a new business or to fund an existing one?
Navigating the commercial and business lending landscape can be daunting. With so many lenders and loan types to choose from, it can be difficult to decide which loan is right for you. Whether you’re starting a business, acquiring another business, growing your operations, buying inventory or equipment, or covering short-term expenses, it’s essential to find the right loan.
At 180 Finance, we have a range of solutions to suit your needs. From invoice financing to secured and unsecured business loans or lines of credit, we can help you find the right option.
Invoice financing gives you access to funds quickly by utilising debts owed by customers. Business loans can be backed by collateral such as real estate, vehicles, or inventory, or can be unsecured and based on your creditworthiness. A line of credit is a great choice for accessing necessary funds for working capital or operational needs.
Business loans provide access to the financial capital necessary to grow and manage your business. By selecting the appropriate loan product, you can make the investments you need to achieve success. 180 Finance is here to guide you through the entire loan process, making it as simple and stress-free as possible.
We’ll handle your finance so you can handle your business.
Frequently Asked Questions
Yes, it is possible to get a business loan without collateral, particularly for startup business loans. However, loans without collateral may have higher interest rates or stricter eligibility requirements compared to those with collateral.
When applying for a business loan, lenders usually require documents such as financial statements, tax returns, business plans, bank statements, proof of collateral (if applicable), and personal identification documents. It is advisable to consult with the specific lender to understand their documentation requirements.
To qualify for startup business loans, you generally need a strong business plan, good credit score, collateral (if applicable), and the ability to demonstrate your ability to repay the loan.
The approval process’s duration can vary depending on the lender and the complexity of your loan application. Some loans may be approved within a few days, while others may take several weeks. It’s advisable to be prepared, submit all required documents promptly, and maintain communication with us, so we can manage the lender to expedite as needed.