FAQs

Do you offer business loans?

Yes, we now offer secured business loans. 

Our business loans are only available to Limited Companies and need to be supported by personal guarantees and legal charges against personal property of any guarantor or other individual willing to support your business by providing security. Unsecured options are available to listed companies, FTSE 250 companies, charities, non-profits, CICs and other associations.

Can I settle my agreement early? Are there any penalties?

Yes, you can settle the agreement early and there are no additional penalties for doing so.  The settlement calculation is simply, all the contractual payments that would have fallen due are added together and a discount of 10% off the future interest element is applied and this will form the settlement figure.  

What security will you require?

You will be required to give personal and/or corporate guarantee(s) to support the Agreement with your company and you maybe asked to provide a guarantor to guarantee your businesses liabilities, in addition, dependent on agreement and amount borrowed and the credit status the lender will require a unilateral notice or Legal Charge over your residential property and/or business property and/or any guarantor’s residential or business property. A fixed and floating charge over the assets of your company or any corporate guarantor (a “debenture”) will also be required.  You will be charged a security fee of 10% to remove the security once the agreement is finished.

Unsecured options are available to listed companies, FTSE 250 companies, charities, non-profits, CICs and other associations.

How long can the loan be over?

From 12 months to 6 years.

How long does it take to get approved?

Our process is extremely quick and in most cases funding can be agreed within 2 hours, meaning you do not have to wait long periods of time wait for a decision.

Does my business qualify for a business loan?

If you are a Start Up Business, please see our Start UP page. To be eligible for our business finance agreements your business needs to be registered as limited company or you will need to incorporate for us to consider your business for funding.

What information do I need to give to get approved?

In some instances the information we require can be obtained through the searches we do or via companies house if you are a Ltd Company,  in other cases three months up to date business bank statements, a personal statement of new worth for each person involved is required and general information about the business and affordability checks. Get an Instant online Decision in less than 2 minutes.