Commercial Business Loans

Typically,businesses will look to get commercial finance when they want to unlock a new phase of growth. This could mean buying new equipment, purchasing a large amount of stock to get ready for a busy season or hiring new staff to meet increased demand.
Because of their nature,commercial business loans are usually tied to a business which means a lender may assess trading history to determine how much they’re willing to lend. This can be restricting for newer businesses, like start-ups, that may struggle to get the funding they need.
We don’t just ask how long your doors have been open – we assess your entire business performance to make sure we fully understand your position. There are many different types of loans, which are highlighted below:

Secured Loans 

The lender takes a guarantee to back the loan, which is normally a tangible asset that a company owns like property, machinery or vehicles.

Short Term VAT Loans 

Lenders offer 12 week loans to help to settle some or all of your VAT bill – you can repay weekly or monthly.

Revolving Credit 

Similar to an overdraft, you agree a facility limit and term and can ‘dip in and out’ depending on your needs. You only pay interest on the funds that you draw down.

Unsecured Loans 

With no tangible security backing the loan, these are riskier for lenders – and this is normally reflected in a shorter term and higher interest rate.