How it works
With our simple form, case management tools, and expert advisers; finding funding has never been simpler.
Let us know about you and what you would like to achieve.
Your assigned adviser will issue an indicative quote.
Review your offers and choose the best for you.
Valuations are conducted, formal offers made, funds are drawn.
Don't just take our word for it. See what our customers are saying.
Very good service throughout would recommend as they offer good customer service , and is good knowledge of the products they offer
Would like to thank Gillian Brooks for her hard work and knowledge in sourcing me a great deal on my Ltd Co BTL first charge. Highly recommended and will definitely use her expertise in the future.
Jodie was very helpful and willing to the extra mile
I find Andrew Rayner very experienced and responsive. He responds to issues on time and was very helpful throughout my application process. I highly recommend him.
Frequently Asked Questions
Need answers? We got 'em.
Business loans are a type of loan that enables businesses to obtain funding for any business purpose. Business loans can refer to lots of different products including:
Secured business loans
Unsecured business loans
Revolving credit facilities
Business cash advances
There is no restriction on the use of the funds, however most lenders like to record what the purpose is, in order to better understand how their clients use their facilities. Popular reasons include:
Raising working capital
Covering marketing expenses
Funding expansion, including the purchase of additional property
Payment of VAT bills / tax bills
Covering stock costs
Covering costs of staff training
Funding the purchase, refurbishment or upgrade of equipment/assets
Restructuring of current debt
High street banks have the cheapest cost of funds. However, since the credit crunch strict controls have been placed on the risk they are allowed to take in their lending. This has meant that only mature, stable businesses who can clearly demonstrate affordability can obtain funding from high street sources.
As a result of these restrictions a huge ‘gap’ in funding was created by the high street banks. The need to fill this gap gave rise to what has become known as the ‘alternative’ finance industry. Alternative lenders occupy this space and specialise in lending to businesses who:
Trading less than three years (have less than 3 years filed accounts)
Cannot demonstrate affordability (to the level the high street banks require)
Do not operate in the sectors which banks perceive as being ‘safe’
Require a very high level of funding
Require cross collateral funding (funding against multiple assets)
Have directors who have credit issues
Alternative lenders do have higher costs of funds than high street banks, but they are willing to take on more risk. The great news is that the alternative finance space is flourishing. Peer-to-peer, hedge fund and privately backed lenders are starting up each month. In fact, the UK alternative finance industry has become global leaders, and the envy of economies around the globe.
As brokers we can not only expose you to all these different types of lenders, but also package and present your case in a way which will deliver you the best possible terms, at the lowest possible rate.
Secured business loans enable homeowners to borrow a large sum of money, usually at better rates than an unsecured business loan. The amount you borrow, the term and the interest rate all depend upon the equity you have in your home, your credit history and personal circumstances.
Unsecured business loans enable businesses to borrow money for any business purpose, usually at higher interest rates than a secured business loan. The amount you borrow, the term and the interest rate all depend upon your credit history and personal circumstances.
There is no security required. The lender will check your credibility as a business to determine if they are willing to lend or not.
Revolving credit facilities are a type of credit line that is arranged between a bank and a business. It has a maximum amount where the business has access to the money at any time. This type of credit line is mostly useful for operating purposes and cash flow. The amount you borrow all depend upon the income statement, cash flow statement and balance sheet statement.
Business cash advances are a type of lending based on future revenue. Business cash advances are different to a business loan because instead of having a loan amount, term and interest rate, a business cash advance effectively sells future sales to the lender at a discount.