SME Business Loans
Through Debt Investment
Get the business financing that you require,
with or without collateral. Simple application,
fast approval.
Types of Business Loans
Term loans (secured or unsecured).
Get up to $10mil (secured) or up to $300k (unsecured).
Interest Rate
*Subject to risk assessment
Property backed secured financing
Secured financing up to $10mil
Interest Rate
*Subject to risk assessment
Why Choose Us?
Competitive Rates
Early Repayment Options
Finance in 5 Steps
1
Register For An Account
Create an account in minutes and verify your email.
2
Fill In Your Information
Complete the sign-up form or fill in your information manually.
3
Approval
Once your application is approved, schedule a 30 minute on-boarding call with our team.
4
Funding
Our established investor network funds your business loan on the platform.
5
Payment
After funding, funds get disbursed to business immediately.
For businesses
What are the costs and fees involved?
There are no hidden fees for our business loans, and you’ll know exactly how much you need to pay, and when, from day one. There’s no compounding interest and no additional fees (as long as you make your payments on time).
You can apply for a loan with Blossum with no upfront cost or obligation to proceed.
The Establishment Fee covers the costs associated with setting up and managing the loan. You are only charged this fee if you proceed with the loan.
How are loans funded?
Upon your submission of the required documents, our loan specialist will propose a set of terms relating to Interest Rate, Establishment Fees & Legal Fees in an Offer Letter. Once the Offer Letter is accepted by you, Blossum will put the financing request up for funding on our platform.
Our investors will receive a notification on the upcoming financing opportunity, and they will choose to invest various amounts until the required loan amount is reached.
Blossum will then disburse the loan sum to you on the next working day.
What determines the loan interest rate?
Business loan interest rates vary due to factors including the amount borrowed, what business assets the funds will be used for, the industry the business operates in, how long the business has been running, whether the business has sufficient cash flow to support the loan, and the overall ‘health’ or creditworthiness of the business.
Can I apply for another loan if I already have an active loan with Blossum?
Yes, you may apply for a subsequent loan with Blossum subject to another round of credit underwriting, especially if it has been some time has passed since the initial loan.
However, as this will be considered another loan, you may be required to pay off the full outstanding amount of the existing loan before a new loan is extended. This depends on the conditions set by the credit team.
Can I make an early repayment?
You can choose to repay the entire amount of your loan early at any time.
If you decide to do this please speak to our friendly business loan specialists. They will provide you with repayment details and an early payout figure. This will be calculated as the total of the remaining principal amount and any accrued interest at the date of early payout, plus 1.5% of the remaining principal and any outstanding fees.
How long does it take to get funding?
Typically, the whole process should be completed within 1 to 2 weeks. The application and approval process will take 1-2 working days. Upon approval, your loan will be put up for funding for up to 14 days and it will end as soon as it is fully funded.
In the unlikely event that your loan is not fully funded by the end of the funding window, our team will reach out to you to discuss the next steps.
