Gone are the days of a small business owner going to a local bank for a business loan. In today’s world, time poor business owners need flexible and more convenient access to finance. Many businesses don’t meet traditional requirements and younger owners may not have property or wish to use their personal assets as security.
Traditional lending institutions are not set up to efficiently assess and manage small business credit and the gap between what small business wants and what larger traditional lenders can provide is increasing. This has stimulated the need for non-traditional lending opportunities.
In business finance “non-traditional” means different things to different people. It can imply a non-traditional way of applying for a loan - like an ‘online application’, imply a non-traditional credit requirement - like ‘no-credit checks’ or mean non-traditional security requirements - like ‘no property required’.
At First Class Capital, our version of “non-traditional” business finance goes to an entirely new level. Our application, funding draw down and document management is completely online. We have simple to understand agreements, transparent pricing and clients don’t require property security. Our solutions help businesses sell more, pay suppliers and improve their cash flow.
All our products operate as revolving facilities so businesses can redraw as required and only pay for what they use or establish a facility for a rainy day.
At First Class Capital, it is not just about lending to business. We not only assist with cash flow challenges. We deliver the means to increase sales. We are not only ‘non-traditional’ - we are innovative. Think Capital | Think First Class.