A Growth Loan is a financing solution tailored for digital companies that are profitable or on the verge of profitability. It provides a 24-month term loan with competitive interest rates between 15% to 21% per annum.
To qualify for a Growth Loan, your digital company should be profitable or nearing profitability. We use accounts receivable as collateral, eliminating the need for personal guarantees.
A Growth Loan can be utilized for a range of purposes, including expanding your team, enhancing marketing efforts, developing new products or services, entering new markets, and upgrading your technology infrastructure.
The loan amount varies based on your specific business needs and financial health. Our lending experts will evaluate your accounts receivable and growth potential to determine the loan amount that best suits your requirements.
Interest rates for Growth Loans range from 15% to 21% per annum, offering competitive terms for profitable or near-profitable digital companies.
Yes, a one-time consulting fee of 2.5% is applied when the loan is provided.
Yes, you have the flexibility to repay your Growth Loan at any time. Early repayment incurs a prepayment fee of 3.5% for the first 12 months and 2.5% for the following 12 months.
Applying for a Growth Loan is easy. Begin by filling out our online application on our website. You’ll need to provide financial statements and business plans to support your application.
Yes, you may use a Growth Loan to refinance existing debt, provided it aligns with your business’s financial strategy. Discuss your specific needs with our lending experts for guidance.
If your financial situation undergoes significant changes, it’s essential to communicate promptly with our team. We may offer flexibility in adjusting the terms of the loan to accommodate your evolving circumstances.