Below are 4 business loan options.
2 types of Unsecured & Secured funding products from conservative/low rate to more flexible/higher rate.
Unsecured Business Loan - Low Rates
Up to £250k
Rates from 6% p.a.
Up to 5 year terms available
Arrangement Fees from 3%
No Early Redemption Fees
Minimum of 3 years trading with 2 years filed accounts
Minimum Turnover £50,000
Good credit histories only
Supported by a Personal Guarantee
Pre-qualified with no credit search footprint
Unsecured Business Loan - Adverse
Up to £130k
Lending against Turnover (minimum 12 months trading)
Approved against Profitability
12 month terms
No Early Redemption Penalties; pay off any time
Only interest accrued is payable
Some adverse credit acceptable
Rates from 2-3% per month
Homeowners qualify for up to £130k
Tenants up to £20k
Secured Business Loan - Low Rates
Up to £1m
Rates from 6% p.a.
Up to 5 year terms available
Arrangement Fees from 3%
No Early Redemption Fees
Minimum of 3 years trading with 2 years filed accounts
Minimum Turnover £50,000
Good credit histories only
Supported by a Personal Guarantee
Pre-qualified with no credit search footprint
Secured Business Loan - Adverse
From £25k
No proof of income needed
Adverse Credit acceptable
Maximum LTV 70% (50% on land)
Rates from 13% to 18% p.a.
10 year loan terms available
No Early Redemption Penalties
Up to 4th Charge acceptable
Typically 3 weeks to complete
What do you want to do now?
I want someone to review my business situation...click here
I want help putting together an application...click here
I want to read more articles on this subject...click here
Testimonial
Frank Dillon - MD, Candy Hero Ltd.
Confectionery Wholesaler/Retailer in the UK.
"Having tried a number of avenues to find appropriate funding, we met Chris Davidson at Discover & Invest.
We needed help quickly, and Chris was able to get us in front of funders we were unable to find, with better products than we had thought existed, quickly and cost effectively.
We now have an interesting facility that started smoothly, which will allow our business to grow at a quicker rate than previously possible. Thanks a lot Chris"
What do you want to do now?
I want someone to review my business situation...click here
I want help putting together an application...click here
I want to read more articles on this subject...click here