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Royal Finance offers financing for anywhere between $50,000 to $5,000,000. This loan is secured. Residential property can be offered as security and you can borrow up to 80% of the asset’s value. While the interest rates are competitive, starting from less than 1% per month, the rate will be determined by your loan term. Additionally, loan terms are short, starting from 2 months to 1 year. You can apply for an extension. Apart from interest charges, there is also a monthly and establishment fee. These fees will vary based on how much you borrow.
depends on amount borrowed
Upfront Fee
$5,000,000
Max. Loan Amount
2 months to 1 year
Loan Term
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Product Name | Royal Finance Secured Business Loan |
---|---|
Min. Loan Amount | $50,000 |
Max. Loan Amount | $5,000,000 |
Loan Security | Secured |
Upfront Fee | depends on amount borrowed |
Loan Term | 2 months to 1 year |
You are able to apply for this secured business loan through Royal Finance's website. The loan terms are short, and their standard loan term ranges from 2 months to 1 year. However, it's able to extend this if necessary.
You are able to borrow a minimum of $50,000 and a maximum of $5,000,000. However, this depends on your business' prosperity and the amount your property is worth. You are able to borrow up to 80% of your property's value.
Once you have been approved, you can expect to have the funds in your account within one business day.
Some of the features with this business loan include:
Some of the fees you can expect to pay with this loan include:
There are no transaction fees associated with this loan. You will know more about extra costs this loan charges once Royal Finance has assessed your needs and approved your borrowing amount.
The application process is straightforward. Simply click on "Go to Site" and ensure you meet the following:
Some of the documents you need to provide include:
You need not worry about your credit score. Approval for financing is based on your current financial situation, your business' assets and turnover rather than your credit history.
Competitive rates and short terms make this business loan a consideration for your business needs. Compare other loans to ensure this product is right for you.
Whilst we don't directly compare Royal Finance Secured Business Loan, compare other business loans offering similar features.