Thinking about expanding your business but still confused about the financial option which one is
right for you?
At Prism Finance, our experts can help explore a wide variety of loan available in the market and we will do the hard work in getting the best options for your business loan.
Business Loans
A secured business loans will assist you with major investments for the future growth of your business. Business loans are quite different from the other types of loans as they are directly related to the expansion of the business such as opening new premises, renovating existing ones. But to qualify for a business loan you need to have the following things:
- A current business registration.
- Documentation of your business financial history for the demonstration that you can easily repay the loan.
- Security for the loan, in the form of either residential or commercial assets.
Equipment Finance
Equipment finance is a very popular form of finance for business that wants to manage their cash flow in better way. Equipment finance allows you to buy assets without disturbing your working capital and you can easily acquire a range of expensive equipment. Equipment finance is particularly helpful for businesses that want to manage their cash flow, and finance companies may take into account seasonal cash flow variation when creating a finance payment plan.