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How to Get Your Business Started with the Right Equipment & Machinery

If you’ve got a brand-new business and you’re working hard toget it off the ground, it’s likely you need a number of different types of equipment or machinery to get the ball rolling. With any new business trying to find their feet, staying competitive and having the right equipment for the job is important. The issue many new business owners face however, is not having the money upfront to make this happen and as such, may need the help of a loan. Whether you need new equipment, machinery, IT products or other tools- a short-term caveat loan may be just what you need.

There are many advantages to taking out a short-term caveat loan, the biggest being the speed at which you can get approved. Time is an important aspect of any new business and sometimes we are required to act quickly and jump on opportunities or risk missing out entirely.

If you’ve decided to utilise a caveat loan in order to get the right equipment for your business, it’s important that you sit down and work out what items are ‘necessities’ and whichones are simply ‘wants’. Sure, a coffee machine for the office is great, but is it something you really need? Caveat loans are intended to be fast, short term agreements rather than a long-term loan, so be picky about what you actually need.

There are a number of other ways caveat loans can benefit a business such as paying off business debts, improving commercial properties, business development, purchasing stock, improving cashflow and more.

At Mango Credit, we specialise in helping businesses get off the ground by providing caveat loans with fantastic terms. We also offer bridging finance, unregistered second mortgages, second mortgages and first mortgages loans in Australia.

Contact us today and find out how we can help!