Equi-Advance Short Term Loans
For temporary and immediate cash relief, Equi-Advance could be your reliable partner. It specialises in providing short-term cash loans and other credit options to trusts with at least three trustees on board, closed corporations and small and medium companies. It provides good quality service to its multitude of clients.
Equi-Advance provides secured loans. With the short-term loan it extends to borrowers, the loans are smaller and thus carry smaller interests as well. Its loan options are well suited to small and medium enterprises, as the maximum amount they can borrow is more than R300, 000. Repayment term is between 1 to 12 months.
The company requires an immovable collateral from the borrower. However, it can be arranged for a different type of asset to be placed as security, subject to the approval of Equi-Advance, which is beneficial in an emergency. With a secured loan, the interest rate is lower. Equi-Advance requires strict adherence to the terms and conditions of the agreement as failure to repay the loan within the given period means forfeiture of the collateral.
Short-terms loans are easy to obtain from the company. Equi-Advance advises would-be borrowers to carefully assess their situation first. They have to ascertain that they have the right collateral to place and that they will be able to repay the amount they will borrow in the given period. These short-term loans are very useful for small and medium enterprises that are expecting a huge inflow of cash in the very near future and just need the funds right now to cover some unexpected expenses.
Here is a summary of services provided:
- Short-term cash loans
- Fast loans
- Quick finance
- Instant online loans
- Emergency cash loans
- Online cash loans
- Short-term personal finance
- Loans up to R300,000
- 1-12 Months repayment term