FINANCE OPTIONS

Unsecured Business Loans for IT Support

Unsecured business loans for IT support are financial instruments tailored to empower IT firms and departments with the necessary capital to finance operations sans collateral. These loans are perfect for small and medium-sized enterprises (SMEs) seeking to expand, invest in technology, or manage cash flow. Business Loans offer an opportunity to meet immediate financial needs efficiently.

Secure up to £500,000 in Unsecured Business 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 an Unsecured Business loan for an IT support company?

The primary advantage of unsecured business loans is the removal of collateral requirements, granting faster access to funds compared to secured loans. These funds can be utilised flexibly, supporting SMEs with borrowing amounts ranging from £5,000 to £250,000, with decisions typically made within 24 hours to 2 weeks. Our digital-first platform provides tailored solutions to meet your financial requirements effectively.

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Flexible financing options
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Quick access to funds
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No collateral required

Different Types of Unsecured Business loans for IT support

Term Loan

Providing amounts from £5,000 to £250,000, term loans are available for UK-registered businesses with at least 1-2 years of operation and good credit history. Terms range from 12 to 60 months.

Term Loan

Term loans offer fixed interest rates from 6% to 20% APR, with a decision time of 1 to 3 business days. Ideal for investment in new software, equipment upgrades, or hiring additional staff for IT projects, these loans support tech startups needing to finance software development. Learn more about our tailored Term Loans for your business needs.

Revolving Credit Facility

A revolving credit facility is suitable for established businesses with solid earnings and credit scores, offering up to £100,000 with indefinite terms, subject to annual review.

Revolving Credit Facility

Interest rates are variable, typically between 4% and 15%. With a decision timeframe of 1 to 2 weeks, these facilities are perfect for financing working capital needs or bridging cash flow gaps. IT consultancies can use this solution while awaiting client payments. Explore how our Working Capital Finance can aid your business.

Merchant Cash Advance

Merchant cash advances are offered to SMEs with card payment processing and steady sales, ranging from £5,000 to £150,000, typically repaid within 12 months.

Merchant Cash Advance

With factor rates between 1.1 to 1.5 (equivalent to 15% to 35% APR) and swift approval in as little as 24 to 48 hours, these advances are ideal for short-term cash needs or marketing campaigns. Perfect for e-commerce platforms upgrading IT infrastructure. Consider a Merchant Cash Advance for your e-commerce needs.

What is Unsecured Business loans for IT support ?

Application Process and Speed

The application process involves submitting financial statements, business plans, and proof of cash flow. Credit checks and market evaluations are standard. Decisions range from 24 hours to 2 weeks, with funds typically available 1 to 5 business days post-approval. Our efficient processes ensure that your financial needs are met swiftly.

Regulatory Compliance

All unsecured business loans must adhere to FCA guidelines, ensuring fair lending practices and transparency. Our expertise ensures all procedures follow these regulations, providing peace of mind and security for your financial dealings.

Borrowing Capacity and Rates

The borrowing capacity spans from £5,000 to £250,000, influenced by creditworthiness, revenue, and operational time. Interest rates range from 4% to 35% APR, affected by credit scores, loan amounts, and terms. We offer competitive rates and packages tailored to meet your unique business requirements.

FAQ’S

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