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Why no deposit for a cash-flow loan
A deposit reduces a lender's exposure on a specific asset — a vehicle, a property. A working-capital loan is not tied to an asset; it advances cash against your evidenced income. There is nothing to deposit against.
Where deposits do apply
If you are buying a vehicle or equipment through asset finance, or property through a mortgage, a deposit is normal. That is a different product. For a general business loan to smooth cash flow or fund stock, no down payment is needed. See the fuller answer.
Applying
No deposit to save for — assess a comfortable amount with the affordability calculator and apply online.
Frequently asked questions
Is a deposit ever required for a business loan?
Not for an unsecured cash-flow loan. Deposits apply to asset finance and property lending, where funding is tied to a specific purchase.
Does putting money down get me a better rate?
On asset finance, a larger deposit can lower the rate by reducing the lender's exposure. On an unsecured cash-flow loan there is no deposit, so it does not apply.
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