What is a business loan?
Taking a business loan injects capital into your company allowing you to expand your business, acquire new assets, buy equipment, refurbish your office and anything else you may need. Business loans are useful to those who want to use the extra cash for multiple purposes and therefore would not qualify for more specific-use-case finance options such as asset, invoice or property finance.
Book a free consultation to discuss your finance options.
Lenders don’t usually specify criteria on how the money should be spent, so you can use it exactly where your business needs it most.
Spread payments over a fixed period to avoid the consequences and instability of one large payment leaving your bank.
The ubiquity of business loans has generated a surplus of lenders and terms, meaning we’ll always be able to find you a competitive deal.
As well as the general business loan, we offer VAT Loans, Cashflow Loans and Start Up Loans to help your company succeed.
Who is a business loan for?
Your situation is unique, therefore a consultation with one of our experts is recommended to ensure your finance option is truly the right fit for your business.
In general, business loans can be used by any business in any sector. They can be repaid over short or longer terms (from 3 months to 5 years). As well as a general business loan, the following options are available.
VAT Loans: a loan intended to pay your VAT, corporation tax or PAYE bill when the funds due are unavailable due to tight cashflow.
Cashflow Loans: funds are loaned against revenue and the ability to make loan repayments with flexible financing often repaid over 12-24 months.
Start Up Loans: a government backed loan to help you get a new business off the ground, or to help you a grow an existing business.
You may be eligible for a business loan of £5000 up to a maximum of £500,000 depending on the nature of your venture.
How do I apply for a business loan?
Please enquire via our Contact Form. From there, our finance experts will be in touch to discuss a plan of action.
The exact process varies from business to business, which is why we would always recommend using a commercial finance expert. We not only increase your chance of a successful application, but we also ensure you get the best deal through our exclusive network of lenders. All in all, we do the legwork so you can focus on the day-to-day of running and expanding your company.