Secured Term Loan
Capex. Property. Equipment. Repay debt.
Strong balance sheet. Assets for collateral.
Operational expenses. Revolving facility.
Property for collateral. First or second mortgage.
General business needs.
Good trading and credit history.
Line of Credit
Revolving facility. Interest payable only on funds used.
Strong business with a good credit history. Business collateral and personal guarantees.
Cash flow management.
B2B only. Short term and long-term facilities.
Supply Chain Finance
Cash flow. Allows for timely supplier payments.
May be unsecured if trade insured. B2B only.
Funds to import goods or pay suppliers
Vehicles and equipment. Chattel mortgage or lease arrangements common.
Equipment generally used as security.
General business needs. Loan amount is a portion of turnover.
Mostly retailers. A portion of daily sales receipts is deducted to repay the debt.