Market sees new loan service
16/03/09
A brand new short term loan product has been recently launched by a company based in Herefordshire. The firm named as The Financial Solution are a commercial provider that specialise in various types of loan products and services.
The new product has been designed to assist businesses that are looking for a short term unsecured loan. The new product will most certainly be appealing to a whole array of business including, Wine bars, Off-licences, Pet Shops, Hotels and Hairdressers.
The free and unsecured loan facility is set to make place for funding in areas where there has been a traditional decline. The product will be offered on the basis that the applicant has a sound business cashflow.
According to the Managing Director of The Finance Solution it was commented that "This unsecured cash advance facility is a brilliant solution for businesses looking for short term funding, particularly in light of the withdrawal of short term funding by many banks.
Because of the unique way in which each case is underwritten, it also works well for businesses in leased properties, where traditional secured funding is unavailable and other forms of borrowing are not flexible enough.”
