Business Loans or Merchant Cash Advance whats best for you?
Consider witch option suits your needs best, business loans come in many different options explained below. Merchant Cash Advances are easy to apply for and offer fast financing
Merchant Cash Advance available in 48 Hrs
Trading for 4 months, and processing a min of £2500 per month through your current card machine.
You simply pay off the Business loans every time someone pays for goods or services on your terminal.
Funding between £2,500 – £500,000.
Funds Available in 24 hours.
No security required.
Payback as you earn.
Super-fast application process 5 mins.
- Your business must have been operating for at least 4 months, prior to applying for a merchant cash advance.
- If you can fulfil these two requirements, you can get a merchant cash advance. Your next step will be to apply on our website. You’ll fill out some basic information about yourself and your business. Then, we’ll review your documentation, approve you for a business cash advance, and create an offer that fits the details you’ve given us.
Types of Loans & Suitability
Secured Business Loans
Secured business loans or secured debt is when the borrower has committed to giving the lender certain assets, such as a real estate property or a car if the client fails to make payments. The lender has the right to seize control of the asset and sell it to recoup the money left outstanding.
This can help reduce the interest rate payable on loans. Lenders quite often ask for some form of security if profit margins are tight, or if the business is showing a pattern of going into a slight decline. Giving the lender peace of mind, and making the funds cheaper for the client, so all parties benefit.
Unsecured Business Loans
An unsecured business loan is a loan that is issued and supported only by the borrower’s creditworthiness, rather than by any type of collateral. An unsecured loan is one that is obtained without the use of a property as collateral for the loan, and it is also called a signature loan or a personal loan.
We have sourced many unsecured loans, clients with a good credit rating and
Mainly Limited companies with minimum turn over of 100k, trading a minimum of 1 year, homeowner ideally but tenants are accepted. Typical loans from 5k to 150k from 6 months to 60 months depending on the amount of time trading. For loans longer than 12 months companies need to be trading a minimum of 2 years. Some lenders may require a Personal Guarantee depending on the business loans amount.