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Conveniently expand your business operations, start a new business, acquire new projects with the aid of our business loan targeted at business owners. This one of a kind loan facility by Lending Club Groups ensures funds are allocated to fulfill those outstanding yet urgent projects be it long term or short term.
The Lending Club Groups business loan facility is an interest rate friendly product that provides business owners the required sum needed to boost their company's growth without necessarily having them pull out capital from a pre-existing profit stream. Increase your business operations with the Lending Club Groups Business Loan!
Note: Lending Club Groups also provides capital investment only through debt financing, so therefore applicants applying for capital investment should apply for a business loan as they both have the same requirement and procedure under the Lending Club Groups lending program.
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First-time applicants are required to pay security interest fees or provide a valid surety bond after the loan has been approved. Security Interest fee is refundable after final loan repayment.
Financial collateral that customers usually pledge to repay a loan when defaulted. The borrower provides the lender with a security interest in monetary assets that can be repossessed by the lender to pay off the loan if the borrower stops making a loan payment.
The lender can then use the security interest fee to pay off the loan. Granting a security interest is the norm for loans such as auto loans, business loans, house loans, and personal loans.
The security interest fee is refundable when the borrower finishes loan repayment without owing lender.