Sigma Lending Reviews

Sigma Lending is recognized for its reliable financial solutions, offering tailored lending options with strong customer satisfaction and transparent review feedback.

Here are the Trustpilot Reviews from Sigma Lending:

Here are the Reviews from Sigma Lending:

They are very rude people and unprofessional. I was contacted 5 times by these loan sharks and once I called to inform them that I also had another bank account they then denied me of service with my old bank account. I think this is a scam and do not use.

Gabby S

Very unprofessional and rude people, not able to answer any questions!!

Antuan D

I took a $289 loan out with this company in July 2924 and was told I would have to pay an additional $89 on top of my loan which I agreed to. At here it is August and I have paid almost $500 from them taking my payments out on auto pay. I recieved no emails or any kind of information regarding to my loan. I was not able to get a hold of anyone when I called them . They don't have an online site to view your loan or anyway to do anything . The never stops. This rate is way costly compared to cash advance places . every two weeks for only 2 When other places only charge for I tried to pay the 2 back and was told I had to tell them in advance which I did but they still debited my account at 3 am in the morning. This is called predatory lending and it needs to be stopped.

Ronald K

This place is an absolute joke. They lead you to believe youre approved for long to get your information. I didnt tell you it was preapproved and deny you and sell your information I would not do business with these people ever again in life. I hope the employees burn for the actions that they take and then when you call and complain, they hang up on you and then just keep putting you on hold, if Im missing one out of my account, I will them. Advise everyone to not do business with them.

Kevin H

Overall weird practice. They don't have a portal/website to view your loan or loan status. I ended up paying an extra dollars because they do not inform you the WHOLE amount is due your next paycheck. If you can't pay it all or inform them to take it all they charge a $89 extension fee. With that being said I reached out via email and they allowed me to pay 25 dollars a paycheck until caught up.Would give more stars of they were more transparent about the practice and informed me right away of no portal and the 89 dolla extension fee

Benjamin C

I wish there was 0 stars option. They are very rude. They ask you questions & then interrupt. The first question they ask is for your social security number. Huge red flag & a sure sign that this company is a scam.

Jessica B

Explore Sigma Lending's Finance Solutions:

Unsecured Business Term Loan

£10,000 – £500,000

Revolving Credit Facility

£25,000 – £200,000 agreed facility limit

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Explore Sigma Lending's Finance Solutions:

Loan Type:

Unsecured Business Term Loan

Loan Range:

£10,000 – £500,000

Loan Terms:

6 months to 5 years

Minimum Turnover and Trading Age:

At least 12 months trading and £75,000 annual turnover

Interest Rate:

9.9% – 29.9% APR (representative 18.5%)

Fees:

2% – 5% arrangement fee; no early repayment fee; late payment fee £35

Loan Type:

Revolving Credit Facility

Loan Range:

£25,000 – £200,000 agreed facility limit

Loan Terms:

Open-ended line reviewed annually

Minimum Turnover and Trading Age:

18 months trading; £150,000 annual turnover

Interest Rate:

1.2% – 3.0% monthly on outstanding balance (equivalent 15.6% – 42.6% APR)

Fees:

2% commitment fee on approved limit; £10 drawdown fee per utilisation

Loan Type:

Merchant Cash Advance (Card Receivables Advance)

Loan Range:

£5,000 – £150,000 (up to 120% of average monthly card turnover)

Loan Terms:

3 – 12 months (flexible, repaid via card sales percentage)

Minimum Turnover and Trading Age:

6 months trading; £5,000 monthly card revenue

Interest Rate:

Factor rate 1.1 – 1.35 (implicit APR varies)

Fees:

No arrangement fee; one-off factor cost fixed at outset

Loan Type:

Asset Finance (Hire Purchase & Leasing)

Loan Range:

£10,000 – £1,000,000

Loan Terms:

12 months to 7 years

Minimum Turnover and Trading Age:

Minimum 18 months trading and £200,000 turnover

Interest Rate:

5.5% – 12% flat rate (equivalent APR varies)

Fees:

Documentation fee £295; option-to-purchase fee £10; early termination fees apply

Loan Type:

Invoice Finance (Confidential Factoring)

Loan Range:

£50,000 – £2,500,000 (funding line)

Loan Terms:

Rolling 12-month agreement

Minimum Turnover and Trading Age:

Minimum £250,000 annual turnover; 6+ months trading

Interest Rate:

Monthly discount rate 1.2% – 3% over base; service fee 0.2% – 0.8% of invoice value

Fees:

Audit fee £1,000 per annum; £35 per same-day payment

Loan Type:

Short-Term Bridging Loan

Loan Range:

£100,000 – £3,000,000

Loan Terms:

3 months to 24 months (interest rolled-up or serviced)

Minimum Turnover and Trading Age:

No trading requirement (asset-based)

Interest Rate:

0.65% – 1.35% per month

Fees:

Arrangement fee 1% – 2%; exit fee 1%; valuation and legal fees payable

More About Sigma Lending

Funding Agent is an intermediary platform offering access to a range of business financing options suited to various UK small and medium enterprises. It facilitates connections with lenders providing unsecured loans, term loans, bridging finance, and more. The platform may suit businesses seeking diverse funding products and rapid comparisons. For a broad overview of available financing products and lender information, see lenders and financing options.

Key Features of Funding Agent

Funding Agent centres on providing straightforward access to multiple finance types with digital tools for decision-making and eligibility checking.

Offers access to unsecured business loans with no collateral needed, ideal for flexible funding needs as detailed under unsecured business loans.
Supports bridging finance for short-term liquidity gaps through products described in bridging loans and bridge loan definitions.
Provides term loans with clear repayment structures, as covered in the term loans section, suitable for planned growth projects.
Incorporates useful online calculators like the business loan refinance calculator to aid loan assessment.
Features guidance on personal guarantees and collateral, vital issues explored in understanding personal guarantees in business loans and collateral explanations.

Funding Eligibility

Eligibility often hinges on trading history, creditworthiness, and business stability. You may qualify if your business meets common criteria such as operating for at least one year and having manageable debt levels. Personal and director guarantees may be required to mitigate lender risk. Check your loan eligibility requirements on how to qualify for a business loan in the UK. Additional advice on credit score requirements and guarantee obligations is available via the credit score and guarantor definitions. Use the tools page to assess eligibility further.

Loan Options

Funding Agent connects businesses with a variety of loan products tailored to different needs and loan sizes.

Unsecured working capital loans from £5,000 to £500,000, usually no collateral needed, to cover everyday expenses with typical interest rates defined in unsecured working capital loan.
Unsecured commercial loans up to £500,000 with quick application and no additional early repayment fees. Suitable for business growth and operational capital, see unsecured commercial loans.
Term loans between £5,000 and £250,000 repayable over 6 to 60 months, helping finance fixed investment or expansion projects, detailed at term loans.
Startup loans aimed at new businesses to access funding and support, with application guidance at startup loans.
Options for businesses with less-than-perfect credit, offering loans in varied amounts fast with rates depending on risk, covered under bad credit business loan.

How to Apply

The application process with Funding Agent typically is digital, quick, and requires basic business documentation and personal details. Approval can be fast with no hidden fees.

Submit your application through the online form ensuring accurate completion for quicker assessment.
Provide financial statements, bank statements, and relevant business plans as part of the loan application process explained in loan application process.
Undergo credit and affordability checks; prepare for potential requests for personal or director guarantees. Guidance on guarantees can be found in understanding personal guarantees in business loans.

Funding Agent's Review

Funding Agent offers a practical gateway for UK SMEs to explore a wide range of loan products, particularly unsecured and term loans suitable for varying business stages. While it emphasises digital ease and flexibility, prospective borrowers should carefully assess eligibility requirements and loan terms. Utilizing Funding Agent's range of calculators and eligibility tools on the tools page can provide practical insight into loan suitability. For consideration of loan options for those with poor credit or specific business sectors, visit pages like bad credit business loan and startup loans.