Unsecured Business Loans for Consultancy Firms
Unsecured business loans provide consultancy firms with the necessary capital to expand, invest in technology, hire staff, or manage cash flow efficiently. Unlike secured loans, they do not require collateral, offering flexibility and faster processing times without risking company assets.
- 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 an Unsecured Business loan for a Consultancy Firm?
The primary benefits of unsecured business loans include no collateral requirement, faster processing times, and flexibility for various business needs. With typical amounts ranging from £5,000 to £500,000, these loans enable quick decision making within 1 to 3 business days, offering APRs between 6% to 28% dependent on creditworthiness.
Different Types of Unsecured Business loans for Consultancy Firms
Term Loans
Term Loans offer amounts from £5,000 to £250,000 with terms of 6 to 60 months. Eligibility includes being a registered UK business with at least 1 year trading history and a decent credit score.
Revolving Credit Facility
Revolving Credit Facility suits established consultancies with amounts from £10,000 to £500,000 and open-ended terms, subject to good credit history and regular income streams.
Merchant Cash Advance
Merchant Cash Advances are suited for firms with minimum monthly card sales, offering up to 200% of these sales with terms of 3 to 12 months.
What is Unsecured Business loans for Consultancy Firms ?
Application Process and Decision Timescales
The application for unsecured business loans involves filling out online forms and submitting financial details, generally culminating in a decision within 1 to 3 business days. Our streamlined processes ensure funds are available 1 to 7 days post-approval, contingent upon the thoroughness of the application and the credit score.
Regulatory Compliance and Expertise
These loans are regulated by the Financial Conduct Authority (FCA), ensuring compliance with legal standards and fair lending practices. Our expertise in navigating these regulations ensures transparency in fees and terms, simplifying the process for our clients.
Borrowing Capacity and Rate Information
Borrowing amounts can range from £5,000 to £500,000, influenced by credit history, business revenue, and trading duration. Rates typically fluctuate between 6% to 28% APR, with some lenders imposing origination and early repayment fees. Our platform offers competitive rates suited to business needs.
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