Simply Business Finance Reviews

Simply Business Finance provides tailored financial solutions with a focus on small businesses, ensuring personalized service and competitive loan options.

Here are the Trustpilot Reviews from Simply Business Finance:

Here are the Reviews from Simply Business Finance:

Helpful customer service representatives, clear and concise communication over phone and email! Answered all my questions and didn't feel rushed.

Nadia

Very helpful and was able to quickly get what we needed

Nancy

Just a few clicks and I had what I needed. Very easy process and well explained. I’m very pleased 😀

Amanda

It was the simplest way to price and compare liability insurance quotes: no tricks, no muss, no fuss. Just choose the policies you need and you get quotes a few minutes later. Selecting and purchasing the quote I wanted only took a few more minutes. All in all, it took maybe 10 minutes tops to get my business instantly insured.

Alicia

Great communication> fast account set up. same good prices,

Hubert Naggar

The whole simplicity of obtaining my coverage was great

Mark

Explore Simply Business Finance's Finance Solutions:

Unsecured Business Term Loan

£5,000 – £500,000

Secured Business Loan

£25,000 – £2,000,000

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Explore Simply Business Finance's Finance Solutions:

Loan Type:

Unsecured Business Term Loan

Loan Range:

£5,000 – £500,000

Loan Terms:

3 months to 5 years

Minimum Turnover and Trading Age:

Typically 12 months trading and £100,000 annual turnover

Interest Rate:

7.9% – 29.9% APR

Fees:

May include 0%–4% arrangement fee; no early repayment penalty with most lenders

Loan Type:

Secured Business Loan

Loan Range:

£25,000 – £2,000,000

Loan Terms:

1 year to 10 years

Minimum Turnover and Trading Age:

18–24 months trading history preferred

Interest Rate:

4.9% – 15.0% APR

Fees:

Arrangement fee 1%–2%; valuation and legal costs on property-backed loans

Loan Type:

Asset Finance (Hire Purchase & Finance Lease)

Loan Range:

£10,000 – £1,000,000

Loan Terms:

12 months to 7 years

Minimum Turnover and Trading Age:

6 months trading, £75,000+ annual turnover

Interest Rate:

5.5% – 18.0% flat rate equivalent

Fees:

Documentation fee £150–£300; Option-to-Purchase fee on HP £50–£200

Loan Type:

Invoice Finance (Factoring & Confidential Invoice Discounting)

Loan Range:

£25,000 – £5,000,000 facility limit

Loan Terms:

Rolling 12-month agreement (renewable)

Minimum Turnover and Trading Age:

Minimum £250,000 annual invoiceable turnover

Interest Rate:

0.3% – 3% service fee plus 2% – 4% over base on funds drawn

Fees:

Service fee on total turnover; discount fee on funds utilised; audit fees may apply

Loan Type:

Merchant Cash Advance

Loan Range:

£5,000 – £300,000

Loan Terms:

3 months to 18 months (repaid via card sales)

Minimum Turnover and Trading Age:

£5,000 monthly card revenue and 6 months trading

Interest Rate:

Factor rate 1.1 – 1.5 times advance (no APR)

Fees:

No separate fees – cost included in factor rate

Loan Type:

Bridging Finance

Loan Range:

£50,000 – £10,000,000

Loan Terms:

1 month to 24 months

Minimum Turnover and Trading Age:

No trading history required – asset backed

Interest Rate:

0.55% – 1.5% per month

Fees:

Arrangement fee 1%–2%; exit fee up to 1%; valuation & legal costs

More About Simply Business Finance

Simply Business Finance Limited is a UK credit broker established in 2016 that arranges a range of commercial finance solutions for small and medium-sized enterprises (SMEs). It operates an online platform backed by dedicated account managers to help businesses access funding from a broad panel of specialist lenders. This setup may suit growing businesses that seek a variety of finance products including secured and unsecured loans, as well as alternative funding. Learn more in our Simply Business Finance reviews and find options in business loans.

Key features of Simply Business Finance

The broker offers several practical features that assist businesses in obtaining suitable finance. It combines a digital application process with human support and a broad lender panel.

Single online application form with e-signature available
Access to specialist lenders to improve funding chances via Simply Business Finance reviews
Dedicated account managers reachable by phone, email and live chat
Open Banking and cloud accounting integration for quicker underwriting
No broker fee on most products, with pre-qualification via a soft credit search

Funding eligibility criteria

Typically, businesses may qualify if they have between 6 to 24 months of trading history depending on the finance type and meet sector and turnover requirements. Eligibility is primarily for UK-registered SMEs excluding some higher-risk industries.

Minimum trading periods range from 6 months for asset finance to 24 months for secured loans - see eligibility requirements
Annual turnover minimums vary, starting around £75,000 for unsecured loans, rising to £250,000 for invoice finance
Excluded sectors include arms, gambling, adult entertainment, and speculative property businesses
Business must be registered in England, Wales, Scotland or Northern Ireland

Loan options available

Simply Business Finance brokers a wide array of products suitable for different business needs, from small loans to multi-million pound property development finance.

Unsecured Business Term Loan: £5,000–£500,000, 3 months to 5 years, typical APR 7.9%–29.9%, usually requiring 12 months trading and personal guarantees.
Secured Business Loan: £25,000–£2,000,000, 1 to 10 years, APR 4.9%–15.0%, requiring property or asset security and 18–24 months trading.
Asset Finance (Hire Purchase & Finance Lease): £10,000–£1,000,000, terms 12 months to 7 years, flat rate 5.5%–18.0%, secured on the asset leased, 6 months trading minimum.
Invoice Finance: Facilities from £25,000 to £5,000,000, rolling 12 months, service fees 0.3%–3% plus interest on drawn funds, requires minimum £250,000 invoiceable turnover.
Merchant Cash Advance: £5,000–£300,000, 3 to 18 months repaid via card sales, factor rate 1.1 to 1.5 times advance, suitable for businesses with monthly card sales over £5,000.
Bridging Finance: £50,000–£10,000,000, 1 to 24 months, monthly interest 0.55%–1.5%, asset-secured with no trading history required.
Property Development Finance: £100,000–£20,000,000, 6 to 36 months, annual interest 6%–12%, requires development experience and a charge on the site.
Revolving Credit Facility: £10,000–£300,000, renewable 6 or 12 months, monthly interest 1%–3%, suited for short-term working capital.
Trade Finance: £50,000–£2,000,000, 30 to 180 days per transaction, interest 1%–2.5% per 30-day period, secures goods in transit or debtor assignment.
Startup Loan: £500–£25,000 per director, 1 to 5 years, fixed 6% interest, unsecured government-backed loan for new businesses.

How to apply for finance

Applications proceed fully online with quick preliminary decisions. Documents evidencing business performance and identity are required. Personal guarantees are common.

Complete online enquiry and application form with e-signature via application form
Participate in a telephone consultation to discuss business needs and products
Submit latest filed accounts, bank statements, ID, and any required additional documents - see document checklist
Receive indicative decisions within 24 hours and sign final agreements electronically

Funding Agent’s view on Simply Business Finance

Simply Business Finance presents a useful one-stop digital conduit to a broad spectrum of UK SME funding solutions. Its panel supports mainstream and niche products from £5,000 to £20 million. The combination of online tools and human account management suits businesses seeking choice and speed. Start-ups and companies with limited security may access unsecured and alternative finance options. Prospective borrowers should consult our eligibility guide, use the business loan calculator, and review financing options to identify appropriate products before applying.