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UNSECURED BUSINESS LOANS
How Can We Help?
We offer a range of business loan options to meet YOUR specific financing needs.
Business Loans can vary in their structure and terms depending on your situation and requirements.
Different loans serve different purposes. By us understanding your needs we can help you and your business make informed decisions about financing options.
Below is an overview of the types of loan we can help your business with.
- Unsecured Loans: These loans do not require collateral but may have shorter terms and higher interest rates due to the higher risk for the lender. - They are useful for speed and security for your business. As debt financing can help with cashflow restraints or funds needed to take your business to a higher level without securing the loan to your business.
- Secured Loans: These loans require collateral, commonly property but also assets, to secure the loan. A general benefit here is lower rates due to the risk being lower to the lender.
- Arranged Business Overdraft: An agreed limit and term, with interest only charged for the amount you borrow over the term that it is drawn down. – This can reduce debt servicing costs where your credit profile makes this a viable option. It also mitigates those months where cash hasn’t been received on time giving the business more liquidity on hand.
- Revolving Credit Facility (RCF): Similar to an overdraft, a pre-approved credit limit that you can draw from as needed, paying interest only on the funds used .
- Merchant Cash Advance (MCA): Uses the regular income from debit/credit card transactions to support a business loan - Repayments are an agreed % of ongoing card transactions in the business.
- Short Term VAT / Corporation Tax Loans: These loans have terms of 12-52 weeks where businesses need to manage cash flow instead of settling them in full up front.
- Growth Guarantee Scheme (GGS): The GGS replaces previous government support loan schemes and provides funding options for businesses - The scheme has a limit of £10 million per company or £30 million per group:
- GGS Term Business Loan
- GGS Invoice and Asset Finance
- GGS Commercial Mortgages, Investment Mortgages, and Bridging Loans
