Small Business
Loans

A small business loan, sometimes referred to as a small business line of credit,  is a loan provided to SMEs, usually to enable it to grow and achieve the business’ goals.

The amount borrowed can be anything from between £10,000 and £500,000 and can be used for any business purpose, including to:

• Increase stock
• Improve the business premises
• Pay employees or suppliers
• Take advantage of an unexpected business opportunity
• Invest in marketing
• Invest in vehicles or assets

The loan is usually paid back to the lender over 6 – 72 months depending on what suits your business.

Getting a small business loan is easy, just apply on the form below in just 1 minute.

Once the loan is agreed, the funds are made available in your business bank account.

You’ll then be able to use the funds as you wish, perhaps to purchase new equipment or vehicles or simply to have additional working capital

A small business loan can be a great way for a business to access funds it needs to grow and take advantage of opportunities such as increasing the number of product lines it may stock.

Small business loans are often granted without the need for security so you can take advantage even if you are a non-homeowner.

Small business loans are easy to apply for and are a great way of accessing cash quickly and easily.

We can help you to access small business loans from £10,000 upwards so speak with us today

If you are a business owner and your business has been trading for at least 12 months you can apply for a small business loan, occasionally less if your business is generating strong and consistent revenue.

You must also have a minimum turnover of £60k per annum.

The amount you can borrow will depend on the financial performance of your business to date and how much you can afford to repay. We can help with applications for sums of £10,000 and above.

Yes, you can. In fact, if your business is already successfully repaying existing facilities, this may help your application for additional funding.

Yes, small business loans can be used for any legitimate business purposes, including refinance.

Yes, a secured business line of credit or secured  business loan is a loan secured against a property.

This means you can borrow a much larger amount from £10,000 to £1,500,000.

To find out more about our secured loans, visit our secured loans page.

This can depend on the particular lender but usually we will ask for:

• Recent bank statements (6 months)
• Your last set of filed company accounts
• Details of how the loan will be used will help us get your application moving

Please have these ready to speed up your application process.

Not in all instances – for example, loans under the Recovery Loan Scheme up to £250k do not require personal guarantees to be provided.

Please give us a call or get in touch on the form below and we can let you know based on you requirements.

Being refused in the past does not mean we cannot find you finance now. You can improve your chances of success by operating your business account in credit or within an agreed overdraft limit and by ensuring that any existing borrowing facilities are kept up to date.

We source a range of business loan products to help SMEs across the UK.

Each product provides specific solutions for specific types of businesses and their needs. Different types include:

• Recovery Loan Scheme
• Unsecured Business Loans
• Working Capital Loans
• Secured Business Loans
• Asset Finance
• Asset Based Lending

Plus, we even support business with Invoice Finance & Revolving Credit Facilities!