Business term loans

Grow and invest in your business

Research shows that a lack of funding is one of the main barriers to business expansion. Our loans can give you medium-to-long term financing to help you grow your business.
Term loans can come in different shapes and sizes; they can be given for individual use or as small business loans. Business term loans can vary in the amount of time you have to repay them; however, a business term loan is always tied to a fixed sum of money borrowed up front with an established payment schedule. Term loans are good for larger purchases that may take a while to return value, such as buying a business or renovating your facility.

But if you’re looking for a type of funding that can provide ongoing and on-hand capital for regular operating expenses, a business line of credit can be a better option.

Short Term Loans

Finance projects that have an immediate return on investment

  • Updating or refreshing locations
  • Inventory deals with a quick turnaround
  • Marketing campaigns
  • Seasonal hiring or inventory
  • As low as 9% Total Interest Percentage
  • Average rates of 19% Total Interest Percentage

What is Total Interest Percentage?

Total Interest Percentage calculates the total amount of interest you pay as a percentage of your loan amount. This rate excludes any fees.

For shorter terms (12 months or less), Total Interest Percentage lets you easily see the total payback amount of your loan.Total Interest Percentage is also referred to as Fixed Simple Interest, and is not an annualized rate.

Long Term Loans

Fund larger projects that pay back longer term

  • Expansion or new locations
  • Large-scale inventory purchases
  • Equipment purchases
  • New product development
  • As low as 5.99% Annual Interest Rate
  • Average rates of 30% Annual Interest Rate

What is Annual Interest Rate?

Annual Interest Rate calculates the yearly interest percentage you pay based on your average loan balance. This rate excludes any fees.

While you should always consider the total cost of a loan, for longer terms (more than 12 months) you can use the Annual Interest Rate to compare loans of similar duration.

Export Documentary Letter of Credit

An Export Documentary Letter of Credit provides a conditional undertaking by the buyer's bank to guarantee payment provided all the relevant terms and conditions of the Documentary Letter of Credit are met. It can also help protect you from buyer risk. What we will do is check that the terms and conditions of the documentary letter of credit have been complied with before forwarding documents to the buyer's bank.

How does it work?

The Export Documentary Letter of Credit is issued as "irrevocable", which means it cannot be amended or cancelled without agreement from all parties to the Letter of Credit. Upon receipt of documents from you, we will check that the terms and conditions of the documentary credit have been complied with, before forwarding documents to the buyer's bank. This involves the presentation of specific documents as called for under the documentary credit and may include commercial invoices, bill of lading, certificate of origin etc.

The documentary credit is issued on a 'sight' or 'term' basis: sight means that drafts are drawn for immediate payment, term means that drafts are drawn on a term payment basis - e.g. 30 days after sight, 90 days from bill of lading as agreed between the buyer and yourself.

Some of our features

We're Flexible

If you can afford the repayments, and meet our lending criteria,we’ll help. So if you’ve been turned down by others its worth giving us a call

We're Quick

You can get your finance quickly. It’s very simple - We listen. We decide. You get the money. It usually all happens within 24 hours too

We're Competitive

Rates are very competitive. And we build the cash loan around what you can afford. Because our loans are designed to ease your financial stress, not make it worse

We’re a real business

Our experienced staff will deliver a fast and friendly service to help you get the money you need when you need it. We are a Registered Financial Services Provider