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)

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