Think Business Loans (Think Business Finance Ltd) is a UK-based commercial finance broker established in 2014. It utilises its proprietary iFunds algorithm to connect SMEs with over 200 lenders, offering access to a broad range of secured and unsecured business funding options. The firm is authorised and regulated by the Financial Conduct Authority but operates as a credit broker rather than a direct lender. It is suitable for established UK businesses seeking a streamlined loan application process and access to diverse funding solutions without engaging individual lenders directly. For an overview of business loans, visit business loans.
Key Features of Think Business Loans
Think Business Loans integrates technology with dedicated support to offer SMEs rapid access to a wide lender market and a simplified digital process.
- Proprietary iFunds algorithm instantly matches applications with best-fit lenders, enhancing speed and suitability.
- 100% digital application supported by open banking and accounting integrations to ease documentation.
- Dedicated relationship managers provide tailored advice throughout the funding process.
- Access to government-backed schemes when available, such as Recovery Loan Scheme and Start Up Loans.
- Ability to combine multiple loan products into blended funding packages for customised financing.
Funding Eligibility
Most products require a minimum trading period of 6 to 12 months and stipulated turnover thresholds, so you may qualify if your business meets these criteria along with clean credit history and UK registration. Personal guarantees are typically needed for many facilities. Detailed eligibility information and guidance on qualifying for business finance is available via the how to qualify for a business loan guide. Further tools like unsecured business loan calculator and business loan calculator can help assess your suitability and affordability.
Loan Options
Think Business Loans offers a diverse range of loan types suitable for varying business needs, with amounts and terms depending on product and lender.
- Unsecured Business Term Loan: £5,000 to £500,000, terms 3 months to 5 years, representative APR 6% to 25%, requiring 6-12 months trading and £50,000+ turnover. See unsecured business loans.
- Secured Business Term Loan: £25,000 to £5,000,000, terms 1 to 20 years, APR 3% to 15%, with a minimum 12 months trading. Security usually commercial property or assets. Learn more on term loans.
- Asset Finance (Hire Purchase / Finance Lease): £10,000 to £2,000,000, 1 to 7 years terms, from 4% flat rate, where financed assets act as collateral. Explore asset finance.
- Invoice Finance (Factoring & Confidential Invoice Discounting): £50,000 to £5,000,000, revolving facilities, charging 0.5% to 3% per month plus service fees. Suitable for businesses with invoicing histories. See invoice financing.
- Merchant Cash Advance: £5,000 to £500,000, typically 4 to 12 months, with factor rates equating to 15% to 50% APR. Repayments flex with card sales volume. Details at MCA loans.
- Revolving Credit Facility / Business Line of Credit: £10,000 to £300,000, open-ended terms with renewals, interest only on used funds, variable rates 5% to 25%. Check revolving credit loans.
- Bridging Loan: £50,000 to £10,000,000, 3 to 24 months, interest 0.5% to 1.5% per month for property asset-based lending. Visit bridging loans.
- Development Finance: £250,000 to £25,000,000, up to 36 months, interest 5% to 12% plus exit fees. For experienced developers. Information on term loans.
- Commercial Mortgage: £50,000 to £25,000,000, terms 3 to 25 years, interest 2.5% to 7% above base rate. Suitable for property purchase or refinance. See commercial mortgages.
- VAT & Corporation Tax Loan: £10,000 to £1,000,000, 3 to 12 months, monthly flat interest 0.4% to 2%. Align repayments with VAT quarters. Learn about VAT loans.
- Trade Finance / Import Finance: £50,000 to £5,000,000, 30 to 120 days per transaction, interest 0.5% to 3% monthly. Supports supplier payment and goods purchase. See trade finance.
How to Apply
The application process is digital and designed for speed, with instant indicative offers and relatively fast formal approvals. You will need to provide business and identity documents, and undergo credit assessments.
- Submit an online application or apply via phone, uploading documents electronically. Access the application form.
- Provide required documentation including ID, address proof, recent bank statements, filed accounts or management accounts, and tax liabilities if applicable.
- Expect instant indicative decisions with formal approvals usually within 2 to 48 hours depending on the chosen product.
- Funds may be available as quickly as 24 hours for unsecured loans and up to 6 weeks for larger secured facilities.
Funding Agent's View on Think Business Loans
Think Business Loans offers UK SMEs access to a very broad market of lenders, backed by technology and support from relationship managers. It is best suited to established businesses seeking streamlined applications and varied options without negotiating with multiple lenders individually. The broker model requires acceptance of lender-dependent terms and possibly multiple credit searches. New startups without trading history may find limited options here. To explore funding possibilities and compare options, consider using our business loan overview, loan calculators, and the eligibility guide.
