Business Loan Types
An unsecured business loan is a funding solution which requires no personal or business asset as collateral. They are supported only by the borrower's creditworthiness. Unsecured business loans usually have fixed repayments over a period of between one and five years, with a higher interest rate for shorter-term loans. Unsecured business loans can range from £1,000 to more than £500,000, depending on the size of the business and its credit rating. You can be a sole trader or a limited company to access unsecured business loans.
A Start Up Loan could be for businesses between the ages 0 to 3yrs old. There are few and far between start up loans with banks being reluctant unless you tick all their stringent boxes. However, we are able to access other sources of finance for start-ups depending on your circumstances, sector, innovation the business brings and timing. You are also be able to access the Government's Start Up Loans programme directly to apply for funding amongst other sources of funds. We are used to working directly with providers to help you achieve your aim of raising finance for your business.
An angel investor is any person who makes a financial contribution to a start-up, micro or small business. This is also known as equity funding. An angel investor may like your idea so much that they request a stake in your business. They may stipulate that they want to be a silent partner or receive a percentage of the profits over a specified period of time. Business angels usually have excellent knowledge in running a business and you may be able to benefit from their experience and their networks.
R&D Tax Credits
Research and development (R&D) tax credits are a government incentive designed to reward UK companies for investing in innovation. They are a valuable source of cash for businesses to invest in accelerating their R&D, hiring new staff and ultimately growing. You can get tax credit on your investments in developing new products, processes, or services; or enhancing existing ones.
A working capital loan is used to finance the everyday operations of a business such as sales and marketing, product development, wages and other activities.
The short-term financing provided by working capital loans helps companies bridge financial gaps. Working capital loans are almost always secured with a company’s assets). If land or real estate are used to secure the loan, the payment terms tend to be longer and the interest rates more favourable.
Merchant Cash Advance
This is a source of cash available to your business based on bringing forward your future credit and debit card sales. You can raise up to 150% of your future credit and debit card sales. The amount you have to repay will fluctuate depending on how much you process through your terminal. This means that on a slow day you will pay back less and on a busy day you will pay back slightly more. It is finance that works with the dynamics of your business.
Crowdfunding is acquiring small amounts of capital from a large number of individuals to finance a new business idea. Crowdfunding websites bring investors and entrepreneurs together, expanding the pool of investors beyond the traditional circle of owners, relatives, and venture capitalists.
Typically, entrepreneurs will set up a profile of their project on a website. They then use social media, alongside traditional networks of friends, family and work acquaintances, to raise capital.
If you’re looking to purchase or refinance a property your business trades from, a single commercial investment property, or a portfolio of investment properties, lets do the hard work for you. We work with trusted partners with a team of experts who will present you with all the options that are available to you for commercial mortgages, business mortgages and property investment loans.
Grants are few and far between these days and are changing all the time, however business grants remain a crucial source of government funding for many UK businesses. It’s often essential for exploring new and innovative models to solve customer problems. We work with partners that can help check if you are eligible, and help access such grants as Innovate, R&D Tax Credits. European Accelerator Grants, etc
Asset and Invoice Finance
For many businesses debtor balances - the money owed by clients - is the largest asset on the balance sheet. Invoice finance enables a company to release almost all of the cash it has tied up in those unpaid invoices, as a loan.
Purchasing expensive assets such as vehciles or machinery can put severe strain on cashflow. Asset finance enables a third party to buy the asset on the company’s behalf and then gives them the use of it under a leasing or hire purchase agreement.
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