Invest in the most important business, yours.

Meet your cash commitments with Grow’s business loans product. Whether you need to purchase stock, invest in new technology or purchase additional assets, be confident in growing your business without reducing your control.

Accessing a business loan also means that you are not delving into your own personal equity and allows you to free up cash from somewhere else in the business, so you can finally start that project you’ve delaying.

How does Business Loans Work?

Short on cash? A business loan can be a good solution to help you continue to meet your cash commitments and provide financial security. As a business owner, you may be looking to secure finance to expand or invest, whatever the case may be, a business loan helps achieve all this. With many benefits for small and medium sized companies, here are our top 5.

1. Maintain control of your business
   Taking out a business loan allows you to keep full control of your business. Unlike borrowing equity, banks and financiers do not get involved with any aspect of running your business. This means owners can retain full management over the company’s day-to-day operation while still gaining the benefits of extra cash.
2. Low interest rates and flexible repayment options
   Due to the rise in competition, most lenders offer reasonable interest rates on business loans. Of course, interest rates that banks charge will vary from customer to customer, however most non-bank lenders offer a fixed interest rate, Grow offers interest rates starting from 11.95%. Some financiers offer a fixed payback amount that is agreed upon by the borrower prior to loan repayments, making the upfront total cost immune to interest rate fluctuations.
3. Fast approval and availability of funds
   Many lenders have the capability to approve your loan within minutes and provide you with access to funding within 24 hours of approval. Having those funds readily available can help you with your business-related expenses so that you can get on with the business of your business, be confident in your ability to grow and expand while still having access to short term cash.
4. No collateral required
   Provided you meet the eligibility criteria, business loans are usually offered without the demand for collateral. This is an attractive benefit for business owners who may not possess many assets. Business loans also require minimal documentation, making the application process fast and easy.