Selina Finance offers flexible secured lending through Home Equity Lines of Credit (HELOC), allowing small and medium businesses to borrow between £10,000 and £500,000 with interest charged only on drawn funds. This approach addresses the need for accessible financing options without impacting credit scores, enabling businesses to manage cash flow for various expenses efficiently.
Funding
Funding not disclosed
Founders
Product
Problem
Small and medium-sized businesses often struggle to access flexible financing options without impacting their credit scores, hindering their ability to manage cash flow effectively for various operational expenses. Traditional loan products may lack the adaptability needed to address fluctuating financial needs.
Solution
Selina Finance provides Home Equity Lines of Credit (HELOC) that allow businesses to borrow between £10,000 and £500,000, with interest charged only on the funds drawn. This secured lending approach offers maximum flexibility, enabling businesses to draw funds and repay without early repayment charges. Businesses can use the funds for various purposes, including home improvements, debt consolidation, and school fees. Selina Finance aims to provide a professional and trusted service, fully authorized by the FCA, with tailored advice from expert advisors to find the most cost-effective option.
Target Audience
The primary target audience is small and medium-sized businesses seeking flexible and accessible financing options secured against their property.
Features
- Home Equity Line of Credit (HELOC) product secured against property.
- Borrowing amounts range from £10,000 to £500,000.
- Interest is charged only on the funds that are drawn down.
- No impact on credit score for initial eligibility check.
- Flexible repayment options without early repayment charges.
- Dedicated case managers provide support throughout the application process.
- Online document submission and electronic signatures for faster processing.