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Business Loans

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01933 448005

Secured Business Loans 

Secured loans introduce a dimension of security for lenders through collateral. This collateral, often in the form of property or valuable assets, minimizes risk and allows for larger loan amounts, extended repayment periods, and lower interest rates. In the event of non-repayment, the lender retains the right to repossess the collateral. 

Unsecured Business Loans

 

Unsecured business loans allow you to borrow money for your business without offering any of your assets as collateral. They’ll typically have a stronger emphasis on your business’s credit history, and you may also be subject to higher interest rates.   

Short-Term Business Loans 

Short-term business loans can offer a lifeline for companies facing immediate expenses or unexpected emergencies. These loans typically have a quick application process and can offer flexible repayment terms. Interest rates may be slightly higher compared to long-term loans. 

Working Capital Loans

Working capital loans are designed to help businesses maintain a steady cash flow. Whether it's to settle bills or invest in seasonal stock, these loans can be a financial bridge during lean periods. Repayment is usually structured around future cash availability. 

Invoice Financing 

Lenders can provide invoice finance based on the value of your outstanding invoices. There are two ways to do it: invoice factoring, where the lender controls invoice payment, and invoice discounting, which allows your business to manage invoices.

What Makes Me Eligible for a Business Loan? 

If you own a business and you require working capital for maintenance or growth, you may be eligible for a business loan. Business loans come in many different forms, all with different requirements and terms. 

Most business loan applications will want to assess your company’s: 

  • Credit history 

  • Annual revenue 

  • Business plan or a project proposal 

  • Financial statements 

  • Tax returns 

This may differ depending on the lender and type of loan you are applying for. Some business loans will have strict criteria and a lengthier application process, while others may be less stringent.  

Each type of loan will have its advantages and considerations. It’s important to take the time to research your options or work with an experienced business finance broker who can guide you through the process. 

CALL US ON: 01933 448005

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