Last updated on March 14th, 2022 at 12:52 pm
Lets look at your options for quick business loans, for UK businesses. If you are in need of a quick cash injection, there are a wide number of options available to you.
It may even be possible to get funds paid to your business bank account in 24 hours. There are hundreds of business finance providers in the UK, we can help you find one you are eligible for and that can pay funds out fast.
As we know too well in business, things don’t always go to plan or unexpected opportunities come along at lighting speed.
This can create a very urgent finance requirement for your business, luckily there are funding solutions to help.
Quick Loans For Business: Main Features & Benefits
Its possible to get a Business Loan very quickly for your business, this could be to pay an urgent bill or avoid missing a deadline. There are a large number of different loan and finance products available, from a large number of providers.
It will depend on your businesses specific circumstances, as to which type of loans your can apply for. Things like sector, years trading, credit score, homeowner or none home owners directors, can all have an effect on eligibility.
Also, you need to make sure any loan you take is affordable and that the funding solution can be delivered in time. A few important things to consider before applying are:
- How quick do you need the loan for your business?
- Does it need to be unsecured or do you have assets/security can you provide?
- Do you have up to date accounts and financials?
- Is this a recurring problem or just a one off cash flow requirement?
So ultimately the quicker you can provide the answers to these questions, the faster your application can be assessed.
Quick business loans can be arranged with short or long term payment terms, depending on requirement. Common features include:
- Short Term Business Loans
- £1000 to £10 Million
- Unsecured or Secured
- Same Day Decisions & Pay Out
- 1m to 72m Repayment Terms
Why not get in touch with us today, so that we can quickly assess your business loan options.
Call us on 0161 5469128 or fill in the form below.
How Fast Can My Business Get A Loan?
From the point that you send over all the required documentation, its possible to get a unsecured business loan within 24hours. However some types of loan, such as those secured on property may take weeks.
An unsecured business loan is one of the quickest ways to access funding fast. To qualify for an unsecured loan you will usually need to have some trading history and owners/directors a clean credit file.
If your business does not qualify for an unsecured loan, there are other fast business finance alternatives. Other types of quick business finance include Single Invoice Factoring, Merchant Cash Advance and Second Charge Bridging Loans.
Quick Loan Application Process
Here is the usual process when applying for a quick business loan. This can take usually take a few days but can be done very quickly if needed.
- Contact Bolton Business Finance
- Provide Documentation
- Apply For A Decision In Principle
- Sign Paperwork
- Loan Paid Out
Will My Business By Qualify For A Quick Business Loan?
By working with a commercial finance broker like ourselves, we match your business to a provider you are eligible for. Every business is different, even if your bank has declined you, we may still be able to find you a lender.
Even if you are a start-up business with little trading history, we still may be able to assist you.
In order to apply you will likely need to provide:
- Recent Financial Accounts
- Last 6 Month Business Bank Statements
You may need to provide other details such as invoices, contracts, proof of delivery etc. This can vary between different providers.
If you are worried about a credit check, then we discuss this more in our article “Business Loans For Bad Credit UK“. You may still be able to apply even with bad credit like CCJs.
Apply For Fast Business Finance Today
Call us on 0161 5469128 to speak with one of our Independent Business Loan Specialists.
Alternatively fill in our online business loan application form below for a fast tracked decision.