Obtaining sufficient capital to drive growth and succeed in today's competitive marketplace is important. Our team of finance specialists are here to provide you with tailored and flexible business loan solutions to help you achieve your objectives. The key benefits include:
• Capital Acquisition: Acquire the funding necessary to make investments in new equipment, expand operations, or hire additional personnel.
• Streamlined Cash Flow: Obtain a lump sum of capital to streamline your company's cash flow and effectively manage financial obligations.
• Repayment Flexibility: Choose from a range of repayment options that align with your budget and financial requirements.
• Enhanced Purchasing Power: Access a larger pool of capital to increase your purchasing power and negotiate with suppliers more effectively.
What types of business loans do we offer?
VAST Commercial Finance offer a range of unsecured loans up to £350,000 and secured loans up to £20,000,000. There are few differences between how an unsecured and secured business loan works:
Unsecured Business Loans:
Unsecured business loans are loans that do not require any collateral to be provided by the borrower, making it a higher-risk form of lending for the lender.
The approval for an unsecured business loan is primarily based on the creditworthiness of the borrower and their business, rather than assets being provided as collateral.
The application process for unsecured business loans is typically faster and less complicated than secured business loans, as there are no collateral valuation processes involved.
The funds obtained from unsecured business loans can be used for any business purpose, such as purchasing inventory, expanding the business, or meeting short-term cash flow needs, providing more flexibility to the borrower.
In some cases, unsecured business loans may require a personal guarantee from the borrower, which means that the borrower is personally liable for the loan if the business is unable to repay the loan.
Secured Business Loans:
Secured business loans are loans that require collateral or security to be provided by the borrower, making it a lower-risk form of lending for the lender.
Generally, the loan amount offered under secured business loans is higher than unsecured business loans, and the interest rate charged on these loans is lower, reflecting the lower risk for the lender.
The application process for secured business loans is usually more involved and time-consuming than unsecured business loans, as collateral valuation and verification processes are required.
Secured business loans require the borrower to provide collateral, which are typically in the form of property
Secured business loans are more suitable for established businesses with a significant asset base, as they can provide sufficient collateral to secure the loan, making it a viable funding option for these businesses.