Business Loans.

It depends on the type of loan and the lender, but if your application is successful you could receive your funds within 24 to 48 hours.

Some types of finance, such as secured loans, can take a little longer to arrange as additional checks and valuations may be required.

The amount you can borrow depends on your business turnover, trading history and affordability, as well as the type of loan and the lender you choose.

As a rough guide, lenders will often consider funding of up to around 40% of your annual turnover - so a business turning over £250,000 could look to borrow £50,000 to £100,000 or more. Funding is best suited to established, trading businesses, and the right amount will always come down to your individual circumstances.

Comparing your options typically uses a soft credit check, which does not affect your credit score and helps show which lenders are likely to support your business.

If you decide to go ahead with a particular loan, the lender may then carry out a full (hard) credit check before making their final decision.

Not necessarily. There are both secured and unsecured business loans available.

An unsecured loan does not require you to put up an asset as security, while a secured loan is backed by something of value, such as property or equipment, which can sometimes unlock larger amounts or better rates.

Possibly. Not every business has a perfect credit history, and there are lenders who specialise in supporting businesses with adverse credit.

If you have any concerns about your credit profile, let us know and we can help find lenders more likely to consider your application.

No. You are under no obligation to proceed until you have signed a credit agreement, so you are free to compare your options and decide what's best for your business.