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If you have equity in your house or commercial real estate, you may be able to use it as security against a business loan and get access to a lower rate.
Find out how business equity loans work and if they're right for you below. 100% confidential application An unsecured business loan with online application and no upfront or early repayment fees.Moula Business Loan
Moula Business Loan
Moula Business Loan
Equity loans require you to put up a property as security to take out the loan. You don't have to own the property outright, but can just use the amount of equity you own in the property. For example, if you own a $350,000 property and have $100,000 left to pay on your mortgage, you will have $250,000 of equity in the property, and therefore be able to put up $250,000 worth of security.
Unlike other business loans, equity loans are available to new businesses provided you submit a detailed business plan as part of your application.
Like home loans, business equity loans may offer features such as variable and fixed rate loan options, redraw facilities, interest-only repayments and valuation requirements for the property you will use as security.
If your business has outstanding invoices, invoice financing may be an option for you. It's a type of business loan that comes with reduced risk and no asset requirements or interest payments.
Compare the invoice financing products below.
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