Business finance is a quick and flexible way of getting money into your business. All decisions are based on your real business performance. This is done using award winning technology. Also, the flexibility of the loans means they can be paid back early with no early repayment fees.
The loan amounts range from £1000 to £100,000 for anything up to a year. But as a rule of thumb, credit limits are typically around one month’s turnover but this can vary from business to business. Furthermore to this, interest rates vary massively. This can be from 2 to 6% depending on different factors. Also, the interest is only charged on the days you have the loan. So if you pay back the loan early the repayments stop.
Any business is eligible to apply. As long as you are UK based and are any of the following: Sole Trader, Partnership or a Limited Company. The loan can last from 1 month to 12 months depending on your personal requirements
If you are unsure whether you are eligible or want to talk to a member of our team about your options call us on 01332 821 340 and we would be happy to talk you through it.