Short-Term Business Loans
For decades now, our short-term business loans continue to provide customers with multiple solutions, no credit check policy and flexible payment terms. Here are the types of loan we offer:
Caveat Business Loan
A caveat loan is a loan option that requires the borrowers to use their land as security for the money that’s borrowed. As a borrower, you don’t need financial documents or proof of income. Once your application is approved, we lodge a caveat on the title deed of your property. Upon loan settlement, the caveat is removed from your property.
If you own a property and need urgent cash flow for your business operation, you can take out a caveat loan. With Mango Credit, it’s simple. Simply fill out the online application form, and our team will process your request right away.
First Mortgage Business Loan
A first mortgage loan is another form of secured finance that uses the title of the property as security for the borrowed money. One advantage of this loan type is that the borrower will receive a good deal on the interest rate. Compared to a second mortgage or caveat, the first mortgage loan works with a lower interest rate.
Second Mortgage Business Loan
A second mortgage involves placing a loan over a property that is already used as a security. Under this loan, you can access the equity value of your home to free up your cash flow for your business operation.
Getting a second mortgage from a traditional lender, such as a bank can be difficult. If you want a hassle-free application and a better chance of getting approved, contact Mango Credit today.
Home Equity Business Loan
Do you know that accessing your home’s equity is a great strategy to run or expand your business? When you apply for this loan, we allow you to borrow against the equity of your home. Meaning, if you have solid equity built over the years, the higher your chance is of getting the full value of your property as a business equity loan.
At Mango Credit, we understand the urgency of accessing immediate funds to run your business. If you want to take out a loan, we can help you choose the right type for you. Call us now!