Welcome to Mileage Financial Website

Welcome to Mileage Financial Website

Business Loan

As a small or medium business owner, you have a lot to worry about. Business loans shouldn’t be one of them. But like so many other entrepreneurs out there, sourcing business loans can feel daunting. To help you understand our business loan is about, here is what you need to know when it comes to business loan:

Short-Term Business Loans

This alternative financing for small business directly aligns with your business’s turnover. It is ideal for boosting young businesses with quick turn-around times and flexibility in how the borrowed money can be used. With short-term business loans, there is less importance placed on credit rating and more emphasis on the business’s trading history. It is most suitable for businesses looking to take advantage of an exciting opportunity or wanting a quick stopgap of working capital.

Unsecured Business Loans

Unsecured business loans boast similar benefits and processing to small business loans, but without restrictions on age or turnover. Here, alternative lending companies give precedence to the applicant’s credit rating. This often results in preference given to those with a solid financial history. Unsecured business loans are best suited to businesses looking for cash to grow and develop, but who do not want to part with equity. But there are risks. Namely, putting up personal assets for a business venture. Most business owners would seek alternatives before parting with a piece of their personal pie.

Asset Finance

Asset finance is another solid option when it comes to our business loan solution. It is well suited to sizable investments that are necessary for future sustainability but are not immediately affordable to a business. This can be anything from investing in high-value kitchen equipment in a restaurant, to panel beating machinery in an automotive repair shop. The finance terms are calculated on the value of the desired asset and the duration of repayment, making this solution suitable for businesses that want to split the cost of an asset into a more manageable repayment plan.

Our revolving credit facility offers business finance solutions that will close the gap between your business’s success and your cash flow needs. You’ll be given control of a revolving line of credit that’s readily available to use if and when your business requires financial support. It’s easy to apply for, easy to access, and even easier to repay. Our business loan equips companies with a revolving line of credit that ensures they achieve their business goals.

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