With Some of The Best Small Business Loans on The Market, You'll Be Glad We're On Your Side...

A business loan is a sum of money borrowed to a business for a variety of reasons on the promise the funds will be repaid with interest.

Most business loans are made available by banks, loan brokers, or comparison platforms.

Before the loan is agreed and paid out, your business will receive a quotation stating on what basis the loan will be provided to you. 

e.g. the total sum made available, the % APR the loan will be charged at, and for what loan duration, commonly a few months up to twenty years or longer depending on the purpose of the loan and the lender.

We need to be able to present your business in the best light possible, so transparency here is key

We will need the following documents and information from you:

With a secured loan, you borrow against an asset that is typically referred to as 'collateral.' This can be plant and machinery, commercial property, vehicles etc. In the unlikely event you aren't able to meet your loan repayments, the loan provider can repossess the asset. 

Although some business owners try and avoid secured loans, it's worth bearing in mind that more often than not, secured loans offer much more affordable APR's which makes the cost of borrowing much more affordable in most cases.

With unsecured small business loans, the loan is not secured against the value of an asset. We provide access to both secured, and unsecured small business loans.

We get asked this question a lot. It's almost the famous 'how long is a piece of string question' rehashed. There are many variables that effect your ability to access low-cost business funding. Firstly, if you have recent County Court Judgements (CCJ's) levied against you within the last 6 years this will seriously impact your ability to access some of the better/more affordable APR loan products.

If you have missed payments on credit cards, utility bills or insurance services then this too can affect your ability to access the better loan deals. Its worth trying to settle any outstanding CCJ's and catching up on any missed payments for the services provided to you in good faith. Let's face it, if your friend had a history of never paying you back for that last meal, would you lend them a substantial amount of money after this if they asked you?

The same logic applies here. The majority of lending providers now use all sorts of metrics to assess your creditworthiness before finalizing any loan decision. Your job is to make the prospect of lending to you as positive as possible by showing you are low-risk and will pay the loan back. If you continue to do this on a regular basis you will show you are responsible with credit and so, the doors to lower cost and larger loans may begin to open for you.