^Working Capital for Sole Traders - Apply Now

To access a secured working capital loan, you need to provide assets such as property or equipment as collateral. Typical loans range from £10,000 to £200,000, with terms of 6 to 60 months and rates from 4% to 15% APR. The process involves sharing your business plan, financials, and asset details, with approval generally taking 2 to 4 weeks. This option is well suited to sole traders in sectors like construction or manufacturing, where valuable assets can be leveraged.

With an unsecured working capital loan, you do not need to provide collateral. Typical amounts range from £1,000 to £50,000, with terms of 6 to 24 months and rates influenced by your creditworthiness, up to 35% APR. Applications usually require limited paperwork and can have a decision in 2 to 10 days. This type suits retail or food service sole traders with steady turnover, but few physical assets.

For sole traders with a functioning card payment system and at least 6 months of sales, this option provides £2,500 to £300,000. Repayments are a fixed percentage of daily card takings rather than a set monthly sum, making cash flow easier to manage. Decision times are typically 2 to 5 days, and fees are structured as a fixed charge rather than a traditional interest rate. This suits hospitality or e-commerce businesses.