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Term Loans for Small Businesses: Your Guide to Funding

Term loans for small businesses offer a structured path to funding, providing a lump sum upfront with repayment over a predetermined period. These loans are crucial for UK SMEs looking to finance specific business activities, expand operations, or fund capital projects. Aiding in cash flow stability and predictable budgeting, term loans come as a tailored solution for varied financial needs.

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 for Small Businesses?

The primary benefit of term loans for small businesses lies in their ability to provide critical capital for expansion, improvement, or cash flow stabilization, all under the governance of the Financial Conduct Authority (FCA). With predictable repayment schedules, businesses can plan financially with confidence. Our solution leverages these benefits, offering amounts from £1,000 to £1,000,000 with decision times ranging from just one day to 14 days.

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Flexible payment terms
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Helps build credit
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Access to capital

What are the different types of Term Loans for Small Businesses?

Fixed Rate Term Loans

Fixed Rate Term Loans offer consistent interest rates from 5% to 15% over 12 to 120 months. Eligible businesses typically need a trading history of at least 2 years.

Fixed Rate Term Loans

Fixed Rate Term Loans provide predictability and are ideal for financing expansions like new shop fronts or acquiring additional equipment. Decision times range from 5 to 10 business days. Typically, amounts range from £5,000 to £500,000. These loans emphasize stability, crucial for sectors such as retail or manufacturing.

Unsecured Term Loans

Unsecured Term Loans require no collateral, suitable for businesses with robust credit and financial stability, offering amounts up to £250,000.

Unsecured Term Loans

Designed for short-term financial needs, Unsecured Term Loans offer flexibility with lending terms of 6 to 60 months and interest rates from 8% to 20%. Decision times can be as quick as 24 hours. Commonly used in tech for operational cash flow, this loan type also assists manufacturing sectors in managing unexpected expenses.

Regulatory Compliance Loans

Regulatory compliance loans ensure lending practices align with FCA guidelines, safeguarding both lenders and borrowers.

Regulatory Compliance Loans

By adhering to FCA regulations, these loans secure responsible lending and borrowing practices. Offered amounts and terms are determined by several factors, including business creditworthiness and economic conditions. Borrowers benefit from transparent processes and protection that align with industry standards.

What is a term loan for small businesses?

Application Process for Term Loans

Applicants for term loans must prepare comprehensive submissions, including business financials and credit histories, to fast-track decisions that can be made in 1 to 14 days. By utilizing our streamlined processes, businesses can access funds as soon as 24 hours post-approval, contingent upon completion and lender procedures.

Regulatory and Compliance Requirements

Term loans for small businesses are subject to FCA regulations, aimed at protecting borrower interests and ensuring market integrity. Our expertise ensures compliance and guides you through the regulatory landscape vital for ethical lending practices.

Borrowing Capacity and Rates

Your borrowing capacity with term loans ranges from £1,000 to £1,000,000, influenced by factors such as creditworthiness and annual turnover. Rates typically fall between 5% and 20%, affected by loan term, amount, and prevailing economic conditions. We offer competitive solutions tailored to these parameters, facilitating optimal financial decisions.

FAQ’S

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