What other benefits are there with unsecured business loans?

What is supplier invoice finance?
May 21, 2020
How fast are unsecured business loans?
May 21, 2020
What is supplier invoice finance?
May 21, 2020
How fast are unsecured business loans?
May 21, 2020

Unsecured facilities can be in the company name. As such, there is a need to tie up personal security in company borrowing.

Importantly, a loan facility in the directors’ names would require adjustments to personal and business financials.

  • Accounting for a loan from you personally (director) to the company.
  • PPSR from you personally to the company to protect your loan to the company. As such, a PPSR would protect you in the event of a company wind up.

These are additional work; however, help protect personal assets. Although secured facilities have other benefits; such as lower repayments and longer loan terms. However, unsecured facilities have different risks and benefits.