Borrowing without property
Listen to a Preview
Update Required
To play the media you will need to either update your browser to a recent version or update your Flash plugin.
  Raising a loan without offering property as security isn't impossible - but it will cost you more. With banks tightening their criteria for business loans and generally requiring property as security, alternative sources of funds are becoming more attractive. Causeway Financial bases its loan decisions on business assets - including receivables, inventory and plant and equipment. Joint managing director Michael Davis says their interest rates are higher than banks, but the loans have fixed maturity dates and can't be called in earlier. They look for clients with good prospects for growth.Topics: Business Growth, Financial Management, Investment |
 Michael Davis & Tim Martin, Causeway Financial |