^Get Business Loans for Architectural Practices Today

Unsecured term loans are typically available to established UK limited companies, LLPs or sole traders with a trading history, often at least 1 to 2 years. Lenders commonly review business bank statements and credit profile to assess affordability, rather than requiring asset backing. Typical lending amounts are often in the £10,000 to £250,000 range, with terms typically 12 to 60 months, often 24 to 48 months. Indicative pricing is frequently roughly 7% to 20% APR, and decisions commonly take around 1 to 4 weeks.

Secured term loans generally depend on eligibility linked to the value of the security offered and the lender’s policy on loan to value. While lenders still assess trading and cash flow, security can make the deal more accessible for practices where credit profile alone would be limiting. Typical amounts can be £25,000 to £1,000,000 plus, with many SME deals sitting in £100,000 to £750,000. Terms are often 24 to 84 months. Indicative rates are roughly 5% to 15% APR, and because valuation and legal steps are involved, decision times commonly sit around 2 to 6 weeks.

Consolidation term loans are generally available when your architectural practice already has business borrowing, such as an overdraft, previous loans or finance agreements, and you want to refinance rather than raise entirely new money. Lenders typically ask for evidence of current debt balances, repayment history and affordability after the refinancing. Typical amounts are often £20,000 to £500,000, with terms commonly 24 to 72 months, often 36 to 60 months. Indicative rates can be roughly 6% to 18% APR, depending on the new structure and risk. Decisions often take around 2 to 5 weeks, especially where settlement figures and facility closures are needed.