Compare ^{Fit-Out Finance} Options For 300k Projects

To qualify for an unsecured business loan, most lenders look for a credit score of 600 or above, at least one year of trading, and up-to-date financial statements. Typical loan amounts range from £5,000 to £250,000, with repayment terms from 6 to 60 months. Interest rates generally fall between 4% and 12% APR. The application process is fully online, and funds may be available within 1 to 3 days after approval, making it ideal for quick office, retail, or hospitality fit-outs.

For major renovation projects, secured loans can provide between £50,000 and £500,000, typically over 12 to 120 months. Lenders generally require collateral (often business or personal property) and a minimum credit score around 550 for favourable terms. Interest rates start at 3% APR and decision times are usually 1 to 2 weeks due to the underwriting process. These loans suit factories, warehouses, and other large commercial projects where substantial investment is needed.

Asset finance is accessible to businesses with a credit score of 600 or higher, a solid business plan, and healthy financials. Borrowing amounts range from £10,000 to £300,000, over 12 to 72 months, with interest rates typically between 5% and 15% APR. The process includes agreeing on assets, a financial review, and swift setup, making it suitable for technology upgrades, medical facilities, or hospitality refits where new specialist equipment is required.