Acorn Business Finance Limited is a UK-based commercial finance broker established in 2019. It does not lend directly but connects UK SMEs with a wide range of specialist lenders for various business funding solutions. The firm is FCA-authorised as a credit broker and a member of the National Association of Commercial Finance Brokers (NACFB). This setup suits businesses needing access to diverse lenders and tailored financial packages. For a general understanding of brokers and their role in lending, see Broker and explore available business loans.
Key Features of Acorn Business Finance
Acorn offers personalised brokerage services with a large lender panel, supporting complex funding needs across sectors. It ensures client support and regulatory compliance.
- Access to 100+ mainstream and specialist lenders, enhancing funding choices through a comprehensive lender panel.
- One-to-one broker support guiding businesses from enquiry to funding.
- Ability to package multiple funding products providing solutions for complex capital requirements, as explained in financing options.
Business Funding Eligibility
Eligibility varies by product but generally requires established UK businesses with at least 6 to 24 months trading, depending on loan type. Turnover thresholds start from £50,000 for unsecured loans, rising for specialised finance. Sector restrictions are minimal but exclude high-risk industries.
You may qualify if you meet trading history and turnover benchmarks and can provide required documentation. Guidance on typical eligibility can be found in resources on how to qualify for a business loan and personal guarantee requirements.
Loan Options Available Through Acorn Business Finance
The broker offers access to a broad spectrum of loan types, from small unsecured loans for working capital to large secured loans and specialised finance. Below are select options with details on amounts, terms, and indicative rates.
- Unsecured Business Loan: Amounts £10,000 to £500,000, terms 3 months to 5 years, APR 6% to 30%. These loans require personal guarantees and suit businesses with 12 months trading or more. More details at Unsecured Business Loans.
- Secured Business (Asset-Backed) Loan: Amounts £25,000 to £5,000,000, terms 12 months to 10 years, rates 4% to 12%. Larger loans with assets as collateral, often needing personal guarantees. See Asset Finance and Commercial Mortgages.
- Invoice Finance: Facilities £50,000 to £10,000,000, revolving terms, fees 0.5% to 3% monthly service charge. Enables cash flow improvement against outstanding invoices. Explained at Invoice Financing.
- Merchant Cash Advance: Advances from £5,000 to £300,000, repaid via daily card sales percentage over 3 to 12 months. Suited for businesses with steady card takings. See MCA Loans.
- Bridging Loan: £25,000 to £25,000,000, terms 1 to 24 months, monthly interest 0.48% to 1.5%. Suitable for fast property-linked funding needs. Explained in Bridging Loans.
- Development Finance: £500,000 to £50,000,000, up to 36 months. Provides staged funding for land and build costs, with rolled-up interest.
- Commercial Mortgage: £50,000 to £25,000,000, terms 3 to 25 years, rates from 2.75% plus base rate. Long-term secured funding for property. Details at Commercial Mortgages.
- Trade & Import Finance: £50,000 to £10,000,000, terms 30 to 180 days. Facilitates overseas supplier payments, improving international trade cash flow. See Trade Finance.
How to Apply
Applications begin with an online enquiry form, followed by personalised broker contact. Decisions on unsecured and asset finance loans typically occur within 24-48 hours, while property-finance may take 5-10 days. Funding speed varies by product type.
- Submit your enquiry via the online application form.
- Provide supporting documents such as bank statements, accounts, ID, and relevant property or asset details, checklist guides available in loan qualification guides.
- Allow brokers to prepare and review your package for lender submission as explained in the loan application process.
- Complete any signing and acceptance of terms as per lender requirements. Typical fees and charges are detailed under arrangement fees.
Funding Agent's View on Acorn Business Finance
Acorn Business Finance caters well to UK SMEs needing access to a wide range of funding through a broker that offers personalised, whole-of-market services. It suits businesses with complex or multi-layered finance needs rather than those seeking quick automated loans with upfront pricing. For more information, visit Funding Agent for comprehensive business loan options, use our loan calculators, or check your eligibility with our guides on loan qualification and personal guarantees.
