Below are the questions we are most commonly asked about Business Loans.
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Borrow from £10,000 to £500,000 – Decision within 2 hrs, funds within 24hrs. 98% Acceptance on all loans.
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Our lenders fund limited companies and LLPs registered in the UK. Sole traders, or non-limited partnerships with less than four partners, can apply for a loan of over £25,000.
Our lending partners provide small business loans from £10,000 to £500,000, but how much your business can borrow is determined by factors specific to you, your business, and the type of loan you want:
Our process is extremely quick and in most cases funding can be agreed with our lenders within 2 hours and 48 hours, meaning you do not have to wait long periods of time waiting for a decision.
Invoice finance is when the lender uses an unpaid invoice as security for funding, giving you quick access to a percentage of that invoice’s value quickly, sometimes within 24 hours. The amount of money a provider will lend you is based on its own risk criteria.
A Merchant Loan Advance allows a business to borrow capital with flexible repayments via a percentage of future debit and credit card payments. Each time a business processes a sale through the card terminal, a pre-agreed percentage of the revenue from the sale will be used to repay the advance.
VAT funding is a form of financing used by businesses to spread the cost of a quarterly VAT tax bill, into monthly payments in arrears. It is designed to help businesses with cash flow concerns release internal capital within the business, whilst also meeting the quarterly VAT return deadlines.
Asset finance is very often associated with the purchase of equipment (or things of a similar high cost) for a business. This type of finance is used by organisations who have the need or the opportunity to grow their business but perhaps may not have the funds readily to hand or prefer to spread the cost over a longer term.
In other cases, a business can use assets they own – such as plant, machinery or vehicles – as security against a loan from an asset finance provider.