What Unsecured Finance Solutions can I apply for?May 21, 2020
What are the features of unsecured cash flow loans?May 21, 2020
These unsecured business loans use the cash flow of a business to substantiate its ability to repay the loan. Although cashflow loans were originally designed to be used for businesses with high daily transactions through EFTPOS facilities. Recently, there have been changes to the products that give availability to a wide range of businesses.
- The interest rates are risk-based and use credit scoring as an assessment.
- Though, the repayment schedule is structured to suit your business cashflow.
- Also, loan terms could be anywhere from 1 month to 36 months; however, the preferred term is 12 months.