What Is a Business Loans?
A small business loan is a type of commercial financing qualified businesses can get from us. Businesses can use funds to cover the costs that come with operating and growing a business, including everything from working capital and equipment purchases.
Business loans provide business owners with financing as an annual payment. In exchange for this funding, your business agrees to repay the money it borrows over time, plus interest and fees. We require annual payments until fully repaid.
Our business loans are unsecured. This business loans is likely investments. Unsecured loans, however, we do not require collateral. Instead, you typically have to sign a personal guarantee agreeing to accept personal liability if the business doesn’t repay its debt as promised.
What Are Business Loans Used For?
You can use business loans for many purposes. When you apply for financing, however, you will usually need to let us know how you intend to use the funds. Common uses include:
- Startup costs
- Commercial real estate purchases and/or remodeling
- Debt consolidation or refinancing
- Equipment purchases
- Inventory purchases
- Business acquisitions
- Business expansion
- Business franchising
- Marketing and advertising
You may notice a key type of purchase missing from the list above—personal expenses. In general, we will not allow you to use business loans to cover personal costs like residential home purchases, personal vehicles or other transactions that aren’t related to a business need.
For personal costs like residential home purchases, personal vehicles loans. Read more on.
Business Loan Term?
Our business loans typically have terms ranging up to 25 years, offer loan amounts up to around £50,000,000.00 and annual percentage rates (APRs) that start around 2%. Your business’ history, annual revenue and creditworthiness, including your personal credit, typically determine which loan terms you’ll have access to.
I received my loan
Thank you
I have received my business loan, thank you for the support throughout the whole process.
Thank you, I just received my loan.
I need a loan to finance my business
My business is running smooth with your help and I’m happy I will be making my first payment next coming months, this also helped me to renovate my other business that have be down for so long due to finance difficulties.
Thank you Cavern Funding.
Working with The Cavern Funding helped me develop my business plan, ideas and brand before getting started, so that I was prepared to open a successful business when I received my loan.”
I will be buying the new truck with the business loans that you guys provided me, I’m so grateful for your works.
Your assistance has been incredibly helpful to our company by providing a line of credit for our continued growth
How can I get a business loan?
Your swift response make everything authentic
Thank you