There are a variety of different types of business loans on the market, so make sure that you research what product will be most suitable for your business.
Some of the types of business loans that we can source.
- Revolving credit facility | Business line of credit
If you are looking for flexibility, then this option should be considered. Only make repayments based on the drawdown amount and repay at any time with no early repayment charges.
- Unsecured business loans
Business term loan up to 6 years with a fixed interest rate, allowing you to budget over the term of the agreement. No early repayment charges, settle early, save on future interest.
- Secured business loans
Sometimes businesses need to provide security, either due to the amount, or due to the additional risk that the lender is taking. Either commercial or residential property as security will be requested with our secured loans. Fixed interest rates with terms up to 20 years.
- Merchant cash advance
Most commonly it is used in retail, hospitality, and e-commerce businesses, who take online payments, however a range of small businesses can use a merchant cash advance.
Rates, terms and amounts can vary lender to lender, but you can potentially release up to 100% of your 3-12 month average card sales. Making repayments flexible as you only repay as you earn, with no penalties or charges for faster or slower repayments.
- Short term business loans
We have lenders that can offer fast funding options over a short term for up to £200,000. These options are typically more expensive than traditional unsecured business loans.
- Commercial mortgage
A commercial mortgage is a great way to raise funding for a commercial premise purchase, be it your current premises that you are renting or moving your business to a new site, maybe due to expansion and growth.
We have a property expert available to call you back at a convenient time.