Bank Loans | Minute on your Money

(rhythmic music) – If you're a small business in need of cash to help you grow, there are two types of bank loans you can choose from A secured loan, and an unsecured loan

A secured loan is useful if you need more than 24 months to pay it back It's also suitable if you need to borrow more than 50 grand, and is great when you have business and property assets to act as security If not, then an unsecured loan, like the NAB QuickBiz loan might be the right option for you It's quick and easy You don't need to put up an asset like a house, and the fees are open and transparent

You apply online, get an answer in minutes, and if approved, the money is in your account one business day after all signed paperwork has been received To apply, you need to have been in business for at least a year, and be using accounting software like Xero or MYOB You can choose a one, two, or three-year loan term, for any amount between $5,000 and $100,000 In fact, according to NAB, six months after a QuickBiz loan application, almost half of the customers had improved turnover by more than 10% So, jump on the website and check out all the terms and conditions

(upbeat music)