Our FAQ page is here to help answer the most commonly asked questions we receive at Nbizloan. If you have a question that doesn’t appear here, you can call us on 0247348601 or chat now!
What are your loan amounts and terms?
We can lend from $5,000 to $400,000 in unsecured finance to SMEs. The repayment terms are flexible and depend on the monthly turnover of your business. Terms range from 3 months to 15 months.
How long does the approval process take?
From application submission to approval, the process can take 60 seconds on our Apply Online platform. However, this time frame is dependent on receiving the required documents in a timely manner.
How fast can I receive the funding?
Once your application has been approved, we can have the funds in your nominated account in less than 3 business days for most cases. If your case is urgent please let our friendly team know and we will work out a solution that works in your favour.
What products do you offer?
What information is required to apply?
What are the application costs?
We do not charge our customers any fees to submit an application. It is completely obligation-free and you can choose to commit whenever you are ready.
What industries do you lend to?
How can I use the funds?
Are your funding solutions unsecured?
No collateral is required, the only requirement is a personal guarantee by the majority owner of the business.
What is the Interest Rate?
We do not use interest rates for our funding solutions. Instead Nbizloan offers an agreed total payback amount. The payback amount depends on the type of business you operate and the term you require the finance for. This way your business knows up front the total costs, making managing your cash flow easy.