You might need finance to develop new products or services, or to buy equipment that will improve your business. Or simply to get you over a cash-flow hump. Whatever your plans for the money, you can take out a loan with us for up to 24 months – for any amount from £50,000 to £3 million.
Business Finance could be for you if your business has assets, but less cash than you’d like. You pay interest monthly, but there’s no capital repayment. At the end of the term you can pay off the loan or renew it under a fresh agreement.
Funds ready when you need them – pay only for what you borrow
You can use your loan like an overdraft. The facility’s there, but you borrow only what you need. And, of course, you pay interest on just the amount you borrow. It’s like dealing with a bank but without the red tape, delays and underwriting restrictions.
What we need from you
Naturally, we need to know you can afford your monthly interest payments, and be satisfied there’s adequate security to cover the loan. But we’re flexible about the security we’ll accept. It could be business assets, such as buildings, machinery or stock. Or even personal assets – for example, if a director of your business has investment properties.