Many businesses and business owners are often challenged with the problem of insufficent security when it comes to accessing the right level of finance, or even any finance at all. Owners may not have real estate security, the values of the security may have declined, or simply the business owner does not want to pledge real estate security to their financier for the purposes of funding their business. This is where unsecured business loans come in to help.
Choosing the right type of funding for your business is vital for its survival. Many business owners are slowly starting to become more aware of the different types of funding available as financial support. As they start to move away from the traditional bank overdrafts, they leave behind the risks associated with and the hindrance of real estate security.
Unsecured business loans are growing in popularity with businesses which want to keep their business and personal matter separate or do not have the required real estate.
FactorONE’s Invoice Finance solution is a flexible alternative to the traditional secured funding facility and because, like unsecured business finance solutions, it does not require real estate or property security it is one of the most accessible and versatile forms of business finance. Instead, funding is secured against the invoices you have raised for your customers.
The benefit of using this facility is that it offers an ongoing line of credit which you can draw down against depending on the number of invoices raised, giving you control on how much financial support your business needs.
Next Steps?
To find out about how Invoice Finance can help you with unsecured business finance click here or call us on 1300 269 423
