Sourcing a small business loan can be difficult, especially if you are seeking a loan for a start-up business. The reason for this is that the banks need to feel confident that they will get their money back. In most cases banks will only consider lending money to an established business that has physical assets that the loan can be secured against for example; a company car, machinery or stock. Alternatively they may provide a loan to a business, as long as the loan is personally guaranteed by one of the company directors, who will then potentially have to use their personal vehicle or home as security.
Small Business Loan Solutions
Plej.co.nz provide small business loans from $100 – $10,000, secured against a wide variety of business and personal assets including; jewellery, luxury watches, sports gear, musical instruments, prestige cars, boats and more. The standard loan period is 3 months, however you may repay your loan after 1 month if you prefer. There are no set up or early redemption fees.
Plej short term secured small business loans are ideally suited to business owners who have their money tied up in other assets. A Plej small business loan can be used for whatever purpose you like, typical uses include; paying for unexpected vehicle repairs or easing cashflow when awaiting a large client payment.
Small Business Loan Application
To apply for a short term small business loan, simply apply online and describe the asset you wish to secure a loan against, or alternatively bring your personal or business asset to our Valuation Centre, 40 Shotover Street, Queenstown. Once we have assessed your asset we will confirm the loan offer, you will then be paid in cash, or have the funds transferred to your bank account the same day.
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