Successfully Funding Thousands Of UK Limited Companies Since 1989
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Whether you’re taking your first steps with a new business, looking for funds to grow or want to boost your working capital, we can help you find the right commercial loan. We work with more than 50 UK lenders and know who to approach to secure business loans with the best terms and rates for every client.
Applying for a business loan can be daunting, which is why we handle the process for you. Just tell us what you’re looking for and we’ll use our knowledge of the lenders and their products to get you the best quotes. We can even write the loan application on your behalf. There’s also no fee for our service, either upfront or after the loan has been agreed.
With a wide range of business loans on the market and products designed for different needs, it’s not always easy to know where to start or who to approach first. You can access short-term and long-term loans, loans for emergency funding, growth projects and start-up finance. You also have to consider whether a secured or unsecured loan is a better fit for your business.
Then there are the lenders to consider. As well as the high-street banks and building societies, there are also lots of independent and online lenders and many of those have their own niche. So, how do you apply for a loan that best suits your business needs? That’s where UK Business Finance can help.
Whether you run a start-up or an established SME, most businesses need extra funds at some point to buy stock, invest in new equipment, expand their operations or improve their cash flow. Whatever your goal, there’s a loan out there to suit you.
You can borrow anything from £5,000 to more than £500,000 with repayment periods of several months to many years. There’s no one size fits all with a business loan, as the right deal for you depends on your specific needs.
Whatever business loan you go for, the basic process remains the same:
Your eligibility is key as it determines what type of loans are available to you. These are some of the things you can expect to be asked about when applying for a business loan:
All this information will help the lender build a picture of your business and determine how much risk you present and what an appropriate interest rate will be.
The most you can borrow is typically 10-20% of your annual turnover. However, many of the lenders we work with – including specialist lenders for businesses with a short trading history – are much more flexible than the banks.
If you have an adverse credit record, we can still help. These days, there are plenty of lenders who are willing to consider those with less-than-perfect credit records, and we know who to approach to find the best deals
At UK Business Finance, there are no fees to pay for our service and we don’t ask you to sign a 30-day exclusivity contract like other brokers. Request a quote online or get in touch via phone or email to discuss your business funding needs.
We work across a wide range of sectors throughout the UK, providing specialist advice to each sector.
Can I use property as security for a business loan?
Secured business loans require one or more assets to be put forward as collateral. This protects the lender from financial loss if a company cannot afford to keep up with the repayments at any stage.
Does my company have a credit score and how can I improve it?
Limited companies do have credit scores and they’re used for a similar purpose as individual credit ratings. Lenders use them as a guide to creditworthiness, but a business credit score is also useful for suppliers and investors to gain insight into your company’s financial situation.
What is bad debt and how can I protect my company?
Bad debt presents an insidious threat to the financial stability of your business. It places strain on your working capital and creates uncertainty in paying your bills, but this can be addressed successfully if you take proactive steps to protect your company.
What is the difference between open and closed bridging loans?
Bridging loans are short-term forms of secured finance that literally ‘bridge’ a gap between funds going out of a business and monies coming in.