White oak UK Alternatives

This guide lists five UK focused alternatives to White oak UK, so buyers can compare speed, eligibility, products, and pricing before applying. Data was generated on 2023-10-01T12:00:00Z; always confirm current terms with the provider.

Quick Compare:

1. LendingCrowd

LendingCrowd focuses on peer-to-peer lending for UK businesses. It offers flexible term and revolving credit options, suitable for firms seeking quick decisions and transparent rates. The platform is often brokered for faster access to funding.

Loan and pricing details

• Min amount: £75,000
• Max amount: £500,000
• APR min: Unknown
• APR max: Unknown
• Loan durations: 6 to 60 months

Funding range note: from £75,000 to £500,000 typically

Speed: Decisions within 24 hours for qualified applicants

Interest rate notes: Interest rates range from 5.95% to 12.25% based on credit risk band

Eligibility

• Min trading months: 24
• Min monthly turnover: Unknown
• Credit flexibility: Varied credit bands available

Personal guarantee: Commonly required for higher amounts

Homeowner advantage: Yes, can be beneficial for higher loan approvals

Services and sectors

• Products: term_loan, revolving_credit
• Industries: Retail, Wholesale, Manufacturing

Best for

• Businesses needing quick decisions
• Flexible loan terms
• Variety of funding options

Pros

• Fast decisions
• Wide range of loan amounts
• Transparent rates

Cons

• Not the best for businesses without trading history

Sources: https://www.lendingcrowd.com/

2. Aldermore Bank

Aldermore Bank offers a range of finance solutions for UK companies. It specialises in asset and invoice finance tailored for different types of businesses. The provider is known for fast approvals and flexible security options, often brokered for efficiency.

Loan and pricing details

• Min amount: Unknown
• Max amount: Unknown
• APR min: Unknown
• APR max: Unknown
• Loan durations: Varies by product

Funding range note: Unknown

Speed: Varies; typically, 1 to 3 days

Interest rate notes: Rates are risk and asset-based, varying by product

Eligibility

• Min trading months: Unknown
• Min monthly turnover: Unknown
• Credit flexibility: Flexible options based on asset strength

Personal guarantee: Often required for larger financings

Homeowner advantage: Not specifically mentioned

Services and sectors

• Products: invoice_finance, asset_finance
• Industries: Transportation, Construction, Manufacturing

Best for

• Asset-heavy businesses
• Firms needing cash flow management
• Tailored finance products

Pros

• Diverse finance options
• Strong asset finance offerings

Cons

• Eligibility may require strong asset base

Sources: https://www.aldermore.co.uk/business-finance/

3. iwoca

iwoca provides adaptable finance solutions mainly for SMEs. It offers quick online processes for flexible business loans that include options for collateral or unsecured funding. This provider is often accessed through brokers for speed and convenience.

Loan and pricing details

• Min amount: £1,000
• Max amount: £1,000,000
• APR min: Unknown
• APR max: Unknown
• Loan durations: 1 to 60 months

Funding range note: from £1,000 to £1,000,000

Speed: Approval within 24 hours

Interest rate notes: Rates from 1.5% per month

Eligibility

• Min trading months: 1
• Min monthly turnover: Unknown
• Credit flexibility: Flexible credit checks

Personal guarantee: Typically required for larger sums

Homeowner advantage: Yes, it may improve terms

Services and sectors

• Products: term_loan, revolving_credit
• Industries: Retail, Service, Technology

Best for

• Small to medium enterprises
• Quick access to finance
• Flexible repayment

Pros

• Very quick funding process
• Flexible terms
• No early repayment fees

Cons

• Higher rates for poor credit
• Limited to SMEs

Sources: https://www.iwoca.co.uk/

4. Pulse Cashflow Finance

Pulse Cashflow Finance specialises in invoice finance and asset-based lending. It accelerates cash flow management for UK firms by providing flexible funding with quick setup options. This provider often brokers access for faster funding solutions.

Loan and pricing details

• Min amount: Unknown
• Max amount: £2,500,000
• APR min: Unknown
• APR max: Unknown
• Loan durations: Subject to facility terms

Funding range note: Facilities up to £2.5 million available

Speed: Typically set up within a week

Interest rate notes: Rates set according to asset-based lending standards

Eligibility

• Min trading months: Unknown
• Min monthly turnover: Unknown
• Credit flexibility: Based on debtor book strength

Personal guarantee: May be needed based on facility size

Homeowner advantage: Not specifically identified

Services and sectors

• Products: invoice_finance, asset_based_lending
• Industries: Manufacturing, Wholesale, Services

Best for

• Businesses with strong debtor books
• Needing cash flow solutions
• Growing companies

Pros

• Strong cash flow management
• High funding limits

Cons

• Requires debtor book strength

Sources: https://www.alternativebusinessfunding.co.uk/funders/pulse-cashflow-finance-ltd/

5. Propel Finance

Propel Finance offers asset finance solutions tailored to SME needs. It covers a variety of leasing and purchase options for asset acquisition. The provider facilitates faster funding with flexible terms to match business requirements.

Loan and pricing details

• Min amount: Unknown
• Max amount: Unknown
• APR min: Unknown
• APR max: Unknown
• Loan durations: Varies as per agreement

Funding range note: Unknown

Speed: Funding possible within days

Interest rate notes: Rates depend on risk profile and asset value

Eligibility

• Min trading months: Unknown
• Min monthly turnover: Unknown
• Credit flexibility: Tailored by asset type and credit profile

Personal guarantee: Commonly required for higher values

Homeowner advantage: Not specifically mentioned

Services and sectors

• Products: asset_finance, hire_purchase, lease_finance
• Industries: Manufacturing, Healthcare, Logistics

Best for

• Asset acquisition needs
• Machinery financing
• Tailored finance solutions

Pros

• Wide range of asset finance products
• Experienced in SME market

Cons

• Focused on asset-led solutions
• May require substantial assets

Sources: https://propelfinance.co.uk/home

Final notes

Matching provider type to your use case helps secure suitable funding. Bank providers are best for traditional secured loans or asset finance. Brokers connect you to multiple lenders, offering flexibility and speed. Specialist providers focus on niche funding, often with tailored solutions. Always compare current rates and fees with the respective providers. Funding Agent can assist in finding suitable options. Confirm your needs with the provider to choose the most appropriate funding route.