Business Loans Explained

What Business Loans Does Bizzloans Offer?

There are two types of business loans for working capital – Secured and Unsecured. Bizzloans specialises in comparing unsecured business loans.

Unsecured business loans differ in the fact that the owner of the business doesn’t need to secure the loan against an asset, but rather the lender relies on the cash flow of the company to assess the loan.

Fintech companies like Bizzloans provide a great alternative to traditional bank loans. Many small business owners can’t provide strict documentation and follow through with the tough application that big banks require. We make it possible for small business owners to get financing with fewer requirements and enable them to grow their business for the better.

Small Business Loans Offered by Bizzloans

Unsecured Loans: This type of business loan requires no collateral on the borrower’s part. Small business owners who can’t provide collateral or have low credit history can apply for an unsecured loan to get cash financing immediately.

Line of Credit: A business line of credit is much like a business credit card, where the lender offers a business owner a revolving line of credit up to a certain amount. The borrower can get the funds they need at any time, and only pay for the interest on the amount they use.

The Benefits of Unsecured Business Loans

Unsecured Business Loans can be used for funding short-term and long-term business needs. For short-term financing, borrowers can buy the stocks they need, pay staff when cash flow is tight, prepare for seasonal trends, and so much more. Great to get projects started such as marketing campaigns, or moving into new premises.