Business Loans
Partner with us when Your Business needs it most. We offer secure loan solutions that trust you to know why and what you need to best secure your business’s future.
Coughlans ensures that Your Business doesn't have a Cash-Pause
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Business Loan
Process:- Gold & Gold Jewellery is appraised in-store by an expert.
- A Tailored Commercial Loan is proposed.
- After signing, funds are transferred to your business.
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Standard Three-Month Loans give Businesses the options to:
- Redeem in full.
- Decrease your capital.
- Extend the standard loan term period by an additional three months.
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Based on a Tailored Business Loan Contract, repayment is calculated according to:
- The principal amount borrowed.
- A once-off admin and initiation fee.
- Interest calculated according to the loan.
Business Loans
We understand that Your Business is Your Passion. That you want to succeed, while managing your risk, when you need a cash boost. We offer cash solutions for business using Gold & Gold Jewellery as collateral. Our Commercial loan process is quick and easy, requiring minimal paperwork and no credit checks. All contracts are flexible and without hidden Terms & Conditions.
Together We find Cash Solutions that work for You
Business Loans FAQ's
What’s the difference between selling and collateral?
When you sell an item, you get a set amount of money in exchange for
what you are selling. There are no interest charges and you no longer
own the item that was sold.
If you use Gold & Gold Jewellery as collateral, you are using it to
secure a loan with the intent of paying the money back. Therefore, once
you’ve repaid the loan back as agreed, the item(s) will be given back to
you. However, if you fail to make loan payments, then the Gold & Gold
Jewellery will be used to pay back your loan and any associated costs.
What Types of Gold can be used for a Gold & Gold Jewellery Collateral Loan?
Gold is measured on a karat scale of 0 to 24. Coughlans offers loans for Gold & Gold Jewellery which is 9-karats and upwards. We accept yellow, rose and white gold. Gold plated items are not regarded as true gold and therefore cannot be used as collateral.
Who is Eligible for a Loan?
Anyone who is 21 years or older is eligible to be considered for a loan with Coughlans. The requirement for a loan is to have a genuine gold item that can be used as collateral. This means that we do not need to know your blacklisted status, employment history or credit rating. We therefore only require an identity document to process your loan against the item(s) you bring in.
Can I get a Loan if I have a Poor Credit Rating, am Blacklisted or Unemployed?
Coughlans uses Gold & Jewellery, already owned by customers, as collateral. Therefore, there is no need for background and credit checks or reviewing employment history or bank statements. As such, our loans are available to those with a poor credit rating, who are blacklisted or unemployed.