What are the types of loans you offer?

MoolahSense provides businesses with the opportunity to get working capital through the following:

a) Business Loans

There are two types of business loans, secured and unsecured. All secured business loans are secured by a collateral. As a mandatory requirement, the financial value of the pledged collateral must be greater than the total loan amount that the business wishes to obtain.

For unsecured business loans, it is not pledged against any physical collateral. While not technically a collateral, directors of the Business are required to provide personal guarantees on their loan.

b) Invoice Financing

A business can get access to timely working capital by submitting a tax invoice to provide an indication that the SME is likely to receive an inflow of cash (i.e. the payment from the SME’s customer) on the payment date of the invoice, which will in turn provide cash for the SME to repay a loan.  SMEs can raise up to 80% of the invoice value. The principal and interest will be repaid to investors on the maturity date of the invoice financing period.

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