Last updated on March 14th, 2022 at 02:44 pm
Independent Business Loan Broker based in Greater Manchester, UK. Quickly access a large range of business loans from our extensive panel of lenders.
Regardless of your businesses circumstances we can tailor a funding solution to your needs. Short term business loans or long term funding solutions with affordable fixed monthly payments.
We have access to commercial loans at competitive rates from high street banks to specialist alternative lenders.
If you have been declined by your bank or elsewhere, we still may be able to find you the business loan you need.
Independent Business Loan Brokers
Gone are the days of relying on a your bank alone to solve all your business funding requirements.
There are now hundreds of different specialist business loan providers in the UK, catering to a wide range of sectors and circumstances.
Speak to one of our business loan experts today to see what options may be available to grow your business?
What Types of Business Loans Do We Offer?
Quick access to Loans for any business/commercial purpose, both short term and long term options available. Any amount from £5k to £20 million.
You can read some of our latest articles on business loans in our blog and by clicking the links below.
Unsecured Business Loans
An unsecured business loan is typically available to established businesses with proven profitability. You will usually need at least 1 years financial accounts, or 3 years to access the whole business loan market.
We work with a number of funders that may be able to provide unsecured business lending for up to £10m.
- Terms from 3 months to 6 years
- Borrow from £1000 to £10 million
- Rates starting at 5% per annum
- Get funding in 24h
- Use for any business purpose
Unsecured business loans can be used for any legitimate business purpose, such as growth, stock, cashflow and buying equipment.
With an unsecured business loan, directors/owners may be required to provide a personal guarantee.
We can help your business apply for the governments latest covid support loan, the Recovery Loan Scheme (RLS). Terms up to 6 years for borrowing of £25,001 to £2 million.
The government offer a lender guarantee of 80% (70% from 1st January 2022). Businesses are still 100% liable but there are no personal guarantees up to £250,000.
Managing cash flow is critical to the success of any business. Even a strong profitable business sometimes need access to funding to manage gaps in cash flow and to grow their business.
So if you have noticed a cash flow short fall now or in the future, we can help.
We have access to a wide range of cash flow loans with a variety of flexible repayment terms to suit your business and specific sector.
Secured Business Loans
You may be able to secure lending against assets, to access more funding or at a lower rate than an unsecured loan.
This means that the lender may take ownership of the asset if you fail to pay. The most common asset used for a secured loan is property.
Secured Business Loans may be suitable for:
- Phoenix Companies
- Struggling companies
- Quick Funding Access
- Declined For Unsecured Loans
- Difficult Credit Profiles
- High Risk Ventures
Key Features Of Secured Business Loans
- Borrow between £30,000 and £1,000,000.
- Repayment terms of between 3 months and 10 years.
- Capital & Interest Only Repayment Options.
- Bridging Loans For Business Purposes
- 70% Loan to Value (LTV) against Director owned residential properties
- 50% Loan to Value (LTV) against Director or company owned commercial property
If you need fast access to money for your business, get in touch today. We can get lending offers in as little as 24 hours.
One of our experts will be on hand same day to quickly access your requirements and apply with relevant lenders.
Short-Term Business Loans
Do you need a loan just for a short period of time? If so we work with a number of lenders that offer loans for small periods or temporary funding solutions that can be repaid anytime.
Pay urgent bills such as supplier invoices or VAT/Tax bills.
Get quick access to funding for your business by providing second charge security. Use equity in your home, buy to let or commercial property to secure business finance.
FAQ: Business Loans Frequently Asked Questions
Business loans can be either unsecured or secured using an asset such as property or assets. For an unsecured business loan you usually need to have been trading for at least 1 year.
A bank or lender will agree to lend your business money, which must be repaid over an agreed term. Terms can be from 3 months or usually up to 6 years, usually you will make a repayment each month until the loan is repaid.
Monthly business loan repayments will consist of capital and interest. At the start of a loan you will usually receive a loan repayment schedule detailing all your required payments.
Some lenders may let you repay your business loan early with or without early repayment charges.
The interest rate charged on business loans will vary between different banks and lenders. Rates are generally higher on unsecured business loans and lower on secured business loans.
Interest rates can start at around 4% per annum and could be as high as 2-3% per month.
Businesses that are perceived as a lower risk are more likely to qualify for lower rate business loans. Criteria that may effect rates includes length of time trading, sector, recent financial performance, turnover, profit, business credit rating and a directors personal credit standing.
To find out what interest rate your business will be charged, contact us to get a quote.
Business Loans can be used for a large range of legitimate business purposes. It could be that your business is growing fast and needs cashflow or you might have something specific to purchase.
Examples of what a business loan can be used for include:
- Buying Stock
- Refitting Premises
- Fund a customer order
- General cashflow
- Urgent VAT or Tax Bill
- Marketing Campaign
- Office Equipment
- Large Unexpected Bill
- Spread the cost of a purchase
As an experienced business loan broker, we can guide you through the process from start to finish. We have a large panel of business loan providers to choose from, depending on your circumstances.
By checking your eligibility criteria before applying, we can help increase your chances of being accepted and reduce unnecessary credit checks.
We take the details of your business and directors, then match you with one or more of our trusted lending partners.
Once we have selected a lender, we submit the application on your behalf and liaise with underwriters to get you a business loan offer.
Once you have accepted a loan offer we work with you and the lender to get the loan paid out as fast as possible.
The process usually looks like this:
- Fact Find
- Source Loan provider
- Submit Application
- Receive Quote & Offer
- Complete Paperwork
- Pay Out Loan
We do not charge any broker fees for business loan applications. In most cases we will receive a commission from the loan provider for introducing you to them, this covers the cost of the service we provide to our clients.
*NO BROKER FEES ON BUSINESS LOAN APPLICATIONS*
Business Loans Manchester Broker
Are you looking for a local broker who can assist you with a Business loan in Manchester? We offer face to face appointments for business based in Greater Manchester looking for a business loan.
- Business Loans Manchester
- Short Term Business Loans Manchester
- Small Business Loans Manchester
We arrange finance for companies in Manchester, Bolton, Salford, and right across the UK.
Appointments can be via phone, email, zoom or face to face if required.