FacilitiesCommercial loans
Commercial loans
A fixed-term loan for investment in the business, secured or unsecured depending on the balance sheet.
- RANGE
- $50,000 – $2m
- TERM
- 12 – 60 months
- PRICE
- From 11.4% APR indicative
- DECISION
- Two to five working days
Commercial loans are the plain instrument: a sum, a term, a covenant or two, and a partner who stays on the account.
Security, where taken, is usually a UCC-1 and sometimes a mortgage on property the company actually owns. We do not dress a property loan up as something else.
Suited to
- Established small businesses
- Refinancing a patchwork of short loans
- Owner-managed groups
Outside the line
- Development finance on bare land
- Consumer regulated agreements
Questions we are asked
Are you a bank?
No. WheatonGate is a direct lending desk. You do not move your checking account.
ALSO ON THE DESK
- Invoice financeRelease the cash sitting in unpaid invoices and keep trading while customers take their terms.
- Working capital loansSmooth a short gap in cash without pledging the whole of the business.
- Sales tax loansSpread a sales-tax quarter over three to twelve months so the bill does not empty the account.