How can you use our property-backed working capital business loans?
Running a business can be challenging as you’re responsible for all your business departments. You have to manage the marketing, sales, operations, purchasing, accounting and much more. It’s no surprise that businesses find themselves overwhelmed when organising their business or planning tax time. As a private lender, we can approve your loan within 2 business days and settle within a few weeks.
You can use our business loans to finance new equipment, inventory, working capital, tax debt or pull the trigger on a time-sensitive opportunity. Managing your accounts payable can be stressful when your debtors do not pay you on time. Organising cash flow finance or trade finance facilities may be too expensive when other lenders can help you lean on your property portfolio. Obtaining a property-backed small business loan can result in a much cheaper interest rate than an unsecured loan.
With unsecured loan rates so high, getting a secured working capital loan will be more cost-effective than an unsecured loan. Consider the Sparrow Loans Working Capital Loan if you need capital to meet cash flow shortfalls for periods throughout the year. Meet your short-term operational costs by releasing equity in your property. You can choose to capitalise your repayments into the facility for the duration of the loan term or pay your interest monthly.