FINANCE OPTIONS

^{Understanding} Business Loans: A Comprehensive Guide

Q: How quickly can I get a business loan decision?

Business loan decisions vary by type and lender; they can be as quick as 24 hours for merchant cash advances or up to 4 weeks for larger term loans.

Q: What are the eligibility requirements for a business loan?

Eligibility typically requires a UK-registered business with a satisfactory credit score and trading history of at least one year, depending on the loan type.

Q: How much can I borrow with a business loan?

The borrowing capacity varies; term loans offer £5,000 to £500,000, while invoice financing allows up to 90% of invoice values.

Q: What are the interest rates for business loans?

Interest rates range from 3% to 20% APR for term loans, 1% to 5% per invoice for invoice financing, and depend on credit score and loan term.

Business loans are crucial financial products designed to provide capital to SMEs to support expansion, equipment purchases, or cash flow management. These loans typically require regular repayments with interest over a set period and can be secured or unsecured. Business loans provide access to growth capital.

Secure up to £500,000 in Business Loans with Funding Agent.

Quick and easy application process
Loan disbursed within 24 hours
No additional charges for early repayment

Apply Now

We Like To Keep Things Simple

Match with

150+

Lenders

Loans from

£1000
to
£500K

zero hidden fees

What are the ^benefits of Business loans?

Business loans offer the advantage of accessing vital capital for growth and cash flow management. With tailored solutions such as invoice financing, businesses can quickly improve liquidity with up to 90% of invoice value available in as few as 24 hours.

Access to capital

Business growth support

Flexible repayment options

What are the different types of Business loans?

Term Loans

Term loans offer amounts between 3£5,000 to a3500,000 with terms ranging from 12 to 60 months. Eligible businesses must be UK-registered with at least 1 year of trading history.

Term Loans

With interest rates from 3% to 20% APR, term loans are ideal for purchasing equipment and funding expansion. Manufacturing sectors often utilise term loans for machinery purchases, with an approval process spanning 2 to 4 weeks.

Invoice Financing

Invoice financing allows borrowing up to 90% of invoice values typically within 1 to 3 months. It suits UK businesses with B2B operations.

Invoice Financing

With quick decisions within 24 to 48 hours and fees ranging from 1% to 5% per invoice, this option is perfect for tech companies needing to leverage client invoices for cash flow improvement.

Merchant Cash Advances

Merchant cash advances provide a35,000 to a3300,000 based on credit/debit card sales, with terms from 6 to 18 months.

Merchant Cash Advances

Perfect for the retail and hospitality sectors, these advances feature quick approval times of 1 to 2 days with factor rates of 1.1 to 1.5. Use them for inventory purchases during holiday seasons, as seen in seasonal stock expansions.

What is a business loan?

The Application Process

Business loan applications require detailed business financials and a credit assessment. Expect decision times from 24 hours up to 4 weeks depending on the product and lender. Our platform streamlines this process for rapid business growth support.

Regulatory Compliance

Regulated by the Financial Conduct Authority, business loans must adhere to principles like Treating Customers Fairly. Consumer credit regulations apply to sole traders, ensuring transparent and ethical lending practices.

Borrowing Capacity and Rates

Borrowing amounts depend on factors such as credit score and industry risk, with ranges typically up to £5 million. Rates vary between 2% to 20% APR for term loans, while understanding these conditions is crucial for securing favourable terms.