Growing a business in a scalable way takes hard work, determination, and a keen eye for detail. It also requires the requisite finance to ensure that you can achieve your new targets without overstretching the company finances and negatively impacting on cashflow. If you are starting a brand new company, or you are in the process of planning an expansion of a business, but you have a poor credit history, you might be worried about being rejected for a loan application. Through Clear Loans we can provide small business loans with a guarantor.
If you do not have a large enough deposit for an expansion, or you have bad credit, it might seem like your business is hamstrung, even if you have the ideas, the structure, and the wherewithal to make repayments over the coming months and years. Through a guarantor business loan you do not have to worry about that. A business loan with a guarantor allows you to borrow up to 100% of the costs you require, without the need of a deposit or a property as security, and even if you have adverse credit.
You won't need to provide the usual things to be accepted as a loan applicant, such as a deposit or property. Instead, your guarantor can borrow up to 80% of the property value of the property they are putting forward as security in order to help you gain business finance.
What are the benefits to a business loan with a guarantor?
Using a guarantor to help secure a business loan makes a lot of sense to new or growing businesses. You will always require funds to finance certain aspects of your business, to stabilise cashflow and to finance expansion plans without putting the company as a whole at risk. With a clear and detailed business plan in place, financing will help you achieve your goals.
With Clear Loans you can apply for a consolidation guarantor loan even if you have bad credit. All you have to do is provide proof of income and the ability to afford repayments. Alongside that we'll expect you to provide back up payment cards in case a direct debit fails, and a guarantor to add weight and security to the consolidating loan through his or her own personal credit score, property and financial information.
If you would like to find out more information about guarantor loans, and to speak to our customer service agents for advice on business loans and personal guarantor loans, contact us today. You can do so by visiting our Contact Page to fill out a simple form and we will contact you at a good time for you. Alternatively you can call us on 1300 430 935. Our customer service team is available between 9am and 6pm Monday to Friday.
