Business Loans.
Business Loans are essentially a sum of money, introduced into a business to support it during a specific life period that can be paid back over a period of time – Some loans are highly specific and some are more generalist, some require security and some do not.
Loans are brilliant products for funding individual events like starting up, investing in additional stock for growth, investing in marketing or even the fit out of your premises. They can also be used alternatively for larger, one-off expenses such as an acquisition, MBOs or MBIs.
In less generalist terms, you can have more tailored facilities such as VAT and corporation tax which are more of life loans. They can then be even more specialized down into specialist loans such as Professional Indemnity Insurance, Partner / Share buy-ins and Partner / Share buy-outs, disbursements, and book acquisitions.
Selecting the right type of finance for your business is key, and working with a partner who understands the funding structure within your business and can explain your options properly is paramount. Cash is King.
Unsecured Loans
Benefits: Typically straight forward
Term: From £1k to £10m
Secured Loans
Benefits: Can be extremely fast
Term: From 3m to 60m
Corporation Tax Loans
Benefits: Different securities considered
Term: Variable terms and structures
VAT Loans
Benefits: Different securities considered
Term: Most businesses considered
Short Term Loans
Benefits: Different securities considered
Term: Variable terms and structures
Bridging Loans
Benefits: Different securities considered
Term: Variable terms and structures
Security, guarantees or indemnities may be required. Tax reliefs referred to are those applying under current legislation which may change. The availability and value of any tax reliefs will depend on your individual circumstances. Product fees may apply. Finance subject to status and is only available for business purposes unless otherwise stated. Over 18s only. Any property or asset used as security may be repossessed or forfeited if you do not keep up repayments on any debt secured on it.
How to get Started
Typically, with all asset finance products we will need but these may vary depending on the size of the requirement and the financial position of your business:
- Your most recent accounts
- Year to Date Management Accounts – If available
- 3 to 6 months Bank Statements
- Details on the assets you’re looking to acquire or re-finance