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^Long Term Business Loans – Get a Quote Today

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

With long-term business loans, UK SMEs can borrow between £5,000 and £25,000,000, depending on factors like business revenues, credit score, and type of loan, be it secured or unsecured. This range accommodates substantial investments or business expansions.

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

Decision times for long-term business loans range from 2 days to 4 weeks, influenced by the type of loan and lender. A complete application and available collateral can expedite the decision process, ensuring a faster turnaround.

Q: What interest rates can I expect on a long-term business loan?

Interest rates for long-term business loans typically range from 3% to 15% per annum. Rates depend on credit score, loan type, and other factors, ensuring competitive options for SMEs while account for additional fees such as origination costs.

Q: What are the eligibility requirements for long-term business loans?

Eligibility for long-term business loans often requires good credit history and business profitability for secured loans, while unsecured loans focus on credit scores and revenue history, particularly for businesses with at least 2 years of operation.

Long term business loans are pivotal for UK SMEs seeking substantial investments or business expansions. These loans provide capital over extended periods, often requiring repayment over several years, making them ideal for large-scale financial undertakings. Many businesses leverage these loans to manage significant expenses while benefiting from structured repayment schedules.

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What are the ^benefits of Long Term Business Loans?

The primary advantage of long-term business loans is their ability to provide substantial funds for growth opportunities while maintaining manageable repayments. Businesses can secure amounts ranging from £5,000 to £25,000,000 with interest rates between 3% to 15% per annum. Decision times range from 2 days to several weeks, depending on the completeness of business financial history and collateral availability.

Flexible repayment terms

Large funding amounts

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What are the different types of Long Term Business Loans?

Secured Business Loan

Secured business loans offer amounts from £50,000 to £25,000,000, with terms lasting 36 to 300 months. Eligibility typically requires collateral, a good credit history, and proof of profitability. These loans are ideal for purchasing property or expanding business premises, especially for sectors like manufacturing needing new machinery.

Secured Business Loan

Secured business loans are characterized by their collateral-backed nature, allowing businesses to borrow significant amounts at lower interest rates ranging from 3% to 8% per annum. Approval processes involve detailed financial documentation and collateral evaluation, taking approximately 2 to 4 weeks. Common use cases include substantial investments like property or large equipment, especially for sectors such as technology expanding office spaces.

Unsecured Business Loan

Unsecured business loans range from £10,000 to £500,000, with lending terms of 12 to 84 months. They require a good credit score and revenue history, making them accessible to businesses with a minimum of 2 years of operational history. These loans are optimal for working capital and technology upgrades.

Unsecured Business Loan

Without the need for collateral, unsecured business loans provide flexible borrowing options with interest rates from 6% to 15% per annum. Decision times are 1 to 2 weeks, and these loans are commonly used for short-term financial needs like marketing or upgrading technology infrastructure. Ideal sectors include retail and hospitality, where quick financial turnaround can be critical.

Merchant Cash Advance

Merchant Cash Advances (MCA) offer amounts between £5,000 to £300,000. Eligibility hinges on credit card sales volume, making them suitable for businesses with regular card transactions. Repayments are tied to sales, often spanning 3 to 18 months. Commonly used for inventory or promotional campaigns, especially in the hospitality sector.

Merchant Cash Advance

MCAs provide rapid access to funds, ideal for short-term cash flow needs with flexible repayment terms directly tied to card sales. The approval process is expedited, based solely on sales data and bank statements, typically completed in 2 to 5 days. This solution is well-suited for retail or seasonal businesses that experience spikes in demand.

What is a Long Term Business Loan?

Application Process and Approval Times

Applying for long-term business loans involves submitting comprehensive financial documentation and demonstrating business profitability. Approval times vary, typically ranging from 2 days to up to 4 weeks, influenced by the completeness of the application and collateral availability.

Regulatory and Compliance Requirements

Lenders offering long-term business loans must be authorised by the Financial Conduct Authority (FCA) and comply with the Consumer Credit Act. These regulations ensure consumer protection and fair lending practices, positioning us as a dependable solution for your finance needs.

Borrowing Capacity and Rate Factors

The borrowing capacity for long-term loans ranges from £5,000 to £25,000,000. Factors affecting rates include credit score, loan type, and term length. Interest rates typically range from 3% to 15%, subject to additional fees such as origination and early repayment charges.