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Terry owns a small transport business. One of the trucks has blown an engine and it’s going to cost 20K. As always, there are other projects with a cash priority. But every day the truck’s off the road costs money.

 

Terry’s not a home owner. A business loan will be difficult because his accounts don’t reflect the real value of his company and it’ll take a week to get a personal loan. No problem! The truck’s worth 50K so Commerce Credit can provide a ‘line-of Credit’ loan secured against it giving Terry access to 25K as and when he needs. He can draw against it and repay as often as he likes. And the best part - it only takes Commerce Credit three minutes to say yes, and 40 minutes to get the cash into his account.