One of the most common forms of business finance, a
simple business loan can be arranged quickly and is easy to understand. From a few
thousand pounds up to £250k depending on turnover and credit status, this option is
often the first one a business will look to as it’s the fastest to arrange and often
easiest to understand.
Secured Loans
For loans that are either larger than the business can
support via turnover, or the profile of the business is considered a higher credit risk,
secured loans are an option. Using either commercial property, buy to lets or
directors own assets as security, often for a short term and for a specific purpose
that has a material benefit to the business.
Revolving Credit
Similar to bank overdrafts, lines of credit can be agreed in advance and used as needed for working capital and expansion. Usually for businesses who are growing and need stock finance or to cover gaps in cash, if they are paid down quickly they can be cost efficient.
