FINANCE OPTIONS

Understanding Term Loans

Term loans are a pivotal business financing option where a company borrows a lump sum from a lender and repays it over a predetermined period with interest. These loans serve numerous purposes including expansion or capital purchases. By collaborating with us, businesses can leverage these funds effectively. Our solutions cover various needs such as purchasing equipment or managing operational cash flow, underscoring our role as a next-generation finance partner.

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

  • Quick and easy application process
  • Loan disbursed within 24 hours
  • No additional charges for early repayment
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What are the benefits of term loans

Among the critical benefits of term loans are predictable repayment schedules and potentially lower interest rates when secured. These factors contribute to seamless financial planning and business growth strategies. Our platform facilitates loans from £5,000 to £1,000,000 with decision times ranging from 1 to 4 weeks, tailoring solutions to varied business scales and needs. Experience competitive rates from 2% to 25% APR, highlighting our capability in providing cost-effective finance options.

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Long-term financing

What are the different types of term loans?

Secured Term Loans

Typical loan amounts range from £25,000 to £1,000,000, with terms from 12 to 120 months. Eligibility requires collateral such as property or equipment.

Secured Term Loans

Secured term loans offer interest rates from 2% to 15% APR, supporting large projects like purchasing machinery. While processing times are around 2 to 4 weeks, sectors like manufacturing can specifically benefit from this form of financing. Our services help assess and appraise collateral, ensuring a smooth approval process.

Unsecured Term Loans

Offering loan amounts between £5,000 and £250,000 over 6 to 60 months, these loans require strong business cash flow and credit score.

Unsecured Term Loans

Interest rates vary from 5% to 25% APR, with swift decision times of 1 to 2 weeks, ideal for immediate needs like marketing campaigns. Tech startups can utilise our expertise for product launches. The absence of collateral expedites the process, making it a seamless choice for rapidly growing businesses.

Fixed Rate Term Loans

Typical amounts range from £10,000 to £500,000, with terms from 12 to 84 months. Eligibility leans on stable credit histories.

Fixed Rate Term Loans

Fixed rate term loans present interest rates from 3% to 12% APR over 2 to 3 weeks decision times. These loans suit stable repayment strategies for sectors like hospitality. Fixed payments aid in consistent financial management, reinforcing our value in offering steady financial solutions.

What is a Term Loan?

Application Process Explained

The comprehensive application process includes submitting detailed financial statements, business plans, and any collateral information. Depending on the loan type, initial decisions can take between 1 to 4 weeks. Our streamlined platform ensures document completeness, enhancing processing efficiency.

Regulatory Compliance in Term Loans

Regulated by the Financial Conduct Authority (FCA), term loans ensure fair practices are maintained. Lenders must transparently inform borrowers of APRs, total loan costs, and associated fees. Our adherence to these regulations underscores our commitment to responsible lending.

Borrowing Capacity and Rates

Borrowing capacities range from £5,000 to £1,000,000 influenced by factors like creditworthiness and offered collateral. Interest rates span from 2% to 25% APR, subject to business profiles and market conditions, emphasising our role in providing tailored and competitive finance solutions.

FAQ’S

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