Looking for Unsecured Financing for Your Firm? Oxyzo Can Help

To expand, companies require capital. Several sources may come from unsecured financing. You should have a good business strategy and a straightforward overview of how you plan to spend the money before searching out funding. You’ll need to consider how you’re going to pay it back and that the company is a decent risk to investors. You may have a brilliant idea, but investors would want to hear about the administration of the company so that they can trust the business strategy and the persons behind it.

An essential move in securing finance for your company is to decide the loan option that better matches your company’s needs. Here are common types of loans from businesses.

Long Term Credits

One of the most popular ways of lending is distributed by major commercial lenders. They are also used for the production, procurement, refinancing, or working capital of businesses. The organization would not have to spend a huge amount out of pocket with the help of a long-term loan. Instead, the required financing, which the corporation will pay back in fixed sums for several years, along with interest and penalties, will be given by a loan.

Short Term Credits

After the agreed-upon term, short-term advances are due in full, instead of giving recurring instalments. Most of these loans are used for shorter-term requirements: to build inventory, to raise cash for accounts payable, or to complete fast-returning small ventures.

Credit Lines

Provides constant access to cash for the company as necessary. In general, the business line of lending is unsecured by equity and has competitive interest rates. It must have an outstanding credit record for a corporation to receive an unsecured business line of credit on preferential terms. 

Financing Options

For non-bank lending, there are many services available, such as cash advances and peer-to-peer loans services. This can be used to start a company, meet cash deficits, or finance small-scale growth. 

Be sure to retain good touch with prospective lenders because understanding the industry model, the environment, and the product and the team behind it, as financial institutions analyze prospects for a small enterprise, is important. In turn, this allows the lender to send you the best advice to help grow your company.

Oxyzo Financing Option

Oxyzo is an online platform that gives access to unsecured financing to approved business owners, or you need funds to manage working capital requirements. 

#1: Quick Process and Disbursal

In seconds, you can apply online and get a credit decision within hours. All you have to do is visit our website https://www.oxyzo.in/ once you decide to apply for funding, fill in the necessary details in the form, Oxyzo securely analyzes the business. The filing is swift and painless, unlike documentation for a bank loan. The approval takes just three working days, unlike other financial service providers.

#2: No Collateral Required

Oxyzo does not need any collateral or protection from the creditor, unlike most lenders, making it incredibly easy for business owners. 

#3: Flexible Interest Rates

There is a simple and consistent rate structure for Oxyzo. The interest rate is charged as per the usage of the credit limit. Also, no prepayment charges are taken from Oxyzo's clients.

In Summary

Choose the one with the lowest Annual Percentage Rate as long as you can afford the loan’s monthly payments from the loans you qualify for and apply with the documentation you have collected. There are more unsecured financing solutions for companies with a year or more of experience and income, including government-backed loans, term loans, corporate lines of credit, and invoice factoring.