^20k to 50k Unsecured Business Loans - Apply Now

Term loans often support expansion, working capital needs, or large inventory purchases. The application process involves submitting financial statements, passing credit checks, and presenting a business plan. Sector examples include retail businesses using funds for seasonal stock, manufacturing firms purchasing raw materials, or hospitality companies upgrading facilities. Interest rates vary from 6% to 25% APR, and the approval can take 1 to 2 weeks.

Merchant cash advances are tailored for businesses, typically offering amounts from £20,000 to £50,000, paid back through a percentage of future card sales. The loan terms are flexible, often under 12 months, and interest rates come in the form of factor rates from 12% to 48%. Approval is usually swift, occurring within 24 to 48 hours, based primarily on card sales data.

Overdraft facilities are quintessential for managing short-term cash flow needs, offering a revolving credit line often reviewed annually. Interest rates range from 4% to 20% above the base rate, and securing one involves providing bank account operation documentation and cash flow statements. They are essential for manufacturers smoothing cash flow fluctuations or tech startups covering short-term operational costs.