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Unsecured Commercial Loans for IT Support Companies

Unsecured commercial loans for IT support companies offer a unique financing solution that does not require collateral. These loans focus on the creditworthiness and financial health of the business, making them ideal for enhancing technology, hiring more staff, or expanding operations without the constraints of securing business assets. Such flexibility allows IT companies to pivot swiftly and adapt to market demands.

Secure up to £500,000 in 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 unsecured commercial loans for IT support Companies?

Unsecured loans provide the advantage of no collateral requirement, flexible fund usage, and quicker approval times compared to secured loans. With typical amounts ranging from £5,000 to £500,000 and decision times between 24 hours to two weeks, businesses can ensure sustained growth with optimal financial health. Our platform can facilitate these loans seamlessly, ensuring competitive rates and streamlined processes.

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No collateral required
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Quick access to funds
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Flexible repayment options

What are the different types of unsecured commercial loans for IT support Companies?

Short-term Unsecured Business Loans

Short-term unsecured business loans offer between £5,000 and £250,000 for IT companies with at least a year of trading history and a good credit score, covering immediate financial needs.

Short-term Unsecured Business Loans

These loans, available with terms between 3 to 24 months and interest rates from 6% to 12% APR, are ideal for bridge financing and emergency expenses. Decisions can be as swift as 48 hours, making them suitable for tech startups needing quick cash flow adjustments. Through our services, accessing these loans is a streamlined process.

Medium-term Unsecured Business Loans

For IT firms with a solid revenue track and two years in business, medium-term unsecured loans of £20,000 to £500,000 are available for expansion and equipment purchase.

Medium-term Unsecured Business Loans

These loans span 1 to 5 years with interest rates ranging from 4% to 10% APR. Use cases include business expansion and software development, with decisions taking one to two weeks. This allows IT firms to strategically upgrade their infrastructure and service capacity, supported by our expert facilitation.

Merchant Cash Advance

IT companies with steady card sales and six months in operation can benefit from a merchant cash advance, offering flexible and rapid funding from £5,000 to £200,000.

Merchant Cash Advance

With factor rates from 1.1 to 1.5, these advances are linked to daily sales and perfect for short-term projects or cash flow gaps, with approval within 72 hours. Businesses can quickly address seasonal demand with the assistance of our efficient processing system.

What is an unsecured commercial loan for IT support companies?

Application Process and Decision Timescales

Applying involves submitting financial statements and credit assessments. Decisions vary by loan type, with initial timelines from 24 hours to two weeks, and funds disbursed soon after approval. Our expertise ensures a fast, effective application experience for our clients.

Regulatory Compliance

The UK's Financial Conduct Authority (FCA) regulates unsecured lending, ensuring responsible practices. Compliance involves treating customers fairly and conducting thorough affordability checks, areas where our service excels in guidance and adherence.

Borrowing Capacity and Rate Information

Loan amounts from £5,000 to £500,000 depend on the company’s financial health and credit score. Rates range from 4% to 12% APR, influenced by the borrower’s creditworthiness and requested terms. Our platform helps businesses secure favourable terms tailored to their needs.

FAQ’S

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How quickly can I get a decision on unsecured loans?
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