Simply Business Finance Ltd is a UK-based commercial finance brokerage established in 2017. It connects SMEs with a variety of secured and unsecured borrowing solutions sourced from a panel of banks, specialist lenders, and alternative finance providers across the UK. The firm is authorised and regulated by the Financial Conduct Authority (FRN: 787448). Its services may appeal to UK businesses, including startups and those with adverse credit, seeking bespoke funding packages or those declined by mainstream banks. For an overview of available loan types and guidance on business loans, see our business loans overview and unsecured business loans information.
Key Features of Simply Business Finance
The brokerage offers a range of practical features that might suit businesses looking for flexibility and support during the funding process.
- Access to more than 200 UK lenders including banks and fintechs, enabling diverse funding options. See our lenders directory.
- Online enquiry form with fast indicative quotes, often within 24 hours, facilitating quick initial checks. More on online application process.
- Dedicated account managers and phone support available Monday to Friday 9am–6pm to assist through the process; details in our contact page.
Funding Eligibility
You may qualify for funding through Simply Business Finance if your business meets minimum trading or turnover requirements, which vary by product type. UK business registration and trading history generally apply, with excluded sectors such as gambling, crypto, and arms. Personal or director guarantees are commonly required, particularly for unsecured loans or higher loan values. For understanding eligibility and guarantees, see our guides on business loan eligibility, personal guarantee requirements, and guarantor definitions.
Loan Options
Simply Business Finance offers access to a spectrum of loan types catering to various business needs, from short-term unsecured credit lines to multi-million-pound property development finance.
- Unsecured Business Loans: £5,000 to £500,000, terms 3 months to 5 years, with representative APR from 6.9% to 29.9%. No collateral needed but personal guarantees are typical. For details, visit unsecured business loans.
- Secured Business Loans: £25,000 to £2,000,000, terms from 1 to 7 years. Lower rates from 4.9% APR typically require asset security and personal guarantees. Learn more at secured business loans.
- Merchant Cash Advance (MCA): £5,000 to £300,000 repayable daily based on card sales, usually over 3 to 12 months. Factor rates range 1.1 to 1.5, equivalent to 15% to 38% APR. Suitable for card-taking businesses. For info, see MCA loans.
- Invoice Finance: Facilities from £25,000 to £5,000,000 to fund invoices up to 120 days. Fees range from 0.5% to 3% service fee plus margin over base rate. Personal guarantees and debenture security apply. More at invoice financing.
- Asset Finance: £10,000 to over £1,000,000 per asset, terms 1 to 7 years, rates around 4.5% to 12% flat. The asset acts as security; personal guarantees required for younger companies. Details at asset finance.
- Bridging Loans: £50,000 to £25,000,000, terms 1 to 24 months, monthly interest 0.55% to 1.5%. Property security mandatory, personal guarantees often required. See bridging loans.
- Property Development Finance: £250,000 to £25,000,000, drawdown facility up to 36 months, interest 6.5% to 12% p.a. Personal guarantees and first charges on property apply. More information can be found at property development finance.
- Commercial Mortgages: £50,000 to £5,000,000, terms 3 to 25 years, rates 3.25% to 7.5% above base rate, often require personal guarantees and 25%-100% security. Details at commercial mortgages.
- Revolving Credit Facility: £10,000 to £250,000, open-ended, reviewed annually, interest 1.5% to 3.5% monthly. Requires good cash flow and personal guarantees. Find out more at revolving credit loans.
- VAT & Corporation Tax Funding: £10,000 to £500,000 per liability, terms 3 to 12 months, interest 7.5% to 18% APR, with personal guarantees. More info at VAT loans.
How to Apply
The application process starts with an online enquiry form resulting in an initial eligibility indication within 24 hours. Formal offers depend on the product and may take 2 to 10 working days. Expect to provide a range of documents such as filed accounts, bank statements, ID, VAT or corporation tax returns, and asset or invoice schedules as applicable. Funding speed varies by product, from 24 hours for unsecured loans to several weeks for property-related loans.
- Submit an online enquiry form through the broker's website for fast initial assessment. See online enquiry form.
- Provide required documentation including financial accounts and proof of identity for underwriting. Guidance is available at how to apply.
- Undergo credit and affordability checks; approval times vary. Learn about timelines at loan approval times.
- Review and sign loan agreements; dedicated support is available during the process.
Funding Agent's View of Simply Business Finance Ltd
Simply Business Finance Ltd facilitates broad access to diverse funding solutions from secured to unsecured loans, helping various UK SMEs including startups and those with challenging credit histories. Its whole-of-market brokerage approach provides tailored options and faster initial quotes, although final loan terms and costs depend on third-party lenders and may include brokerage fees and personal guarantees. Businesses should weigh these factors and consider the eligibility requirements detailed in our eligibility guide and use our finance tools to compare options before proceeding.
