Our most popular and flexible business loan for whatever you want, whenever you need it.
Fast and flexible funding
Give me the facts
|ELIGIBILITY||Any UK business turning over at least £75,000 per year|
|AMOUNT||£7,500 to £250,000|
|DURATION||3 months to 2 years|
|INTEREST RATE||From 2% per month|
|FEES||No set up fees or early repayment penalty|
|APPLICATION PROCESS||Online application form and underwriting checks|
|SECURITY REQUIRED||Personal guarantee (plus additional documents dependent on your business)|
|SPEED OF DECISION||Easy online application and quick decision|
|TIMING OF CASH||Within 1 working day of signing your agreement|
|REPAYMENT||Direct Debit (Monthly or weekly repayments)|
|PERSONAL SERVICE||Dedicated customer support team|
|BEST FOR...||A simple cash loan paid back in instalments|
How to apply
Your questions answered
The ultimate loan is perfect for any UK business with a minimum turnover of £75,000. The funds can be used towards any project your business has or simply to ease your access to vital cashflow.
We don’t charge set-up fees or other admin costs*. Instead, we have a set interest rate which will be outlined in your agreement. It starts at 2% per month and is based upon your business credit score.
*Late payment charges may apply.
We’ll ask you to set up a direct debit to make your monthly or weekly repayments. Direct Debit is the safest and easiest payment option and means you don’t need to worry about setting up a reminder for each payment.
Yes. We don’t charge a penalty for increasing the amount you’re borrowing or the duration. Please note the maximum duration of the loan is capped at 2 years.
No problem. We don't charge you any extra for repaying the loan earlier than planned.
In the event that no payment or communication from you has been received as per your agreement, we will need to apply admin charges in part to cover our cost of recovery. Please note some banks may also charge you for failed direct debits (where there are insufficient funds for a scheduled payment).
Admin charges are only applicable in the following circumstances:
- For each failed debit card payment attempt a £5 charge will be incurred (max 2 attempts per day).
- A £20 charge will be incurred for each outbound telephone attempt made after any payment default (max £20 per day).
- A £10 charge will be incurred for each outbound email sent after any payment default (max £10 per day).
- If two consecutive payments are missed then a letter will be sent via recorded delivery at a cost of £20.
- Should we have no response and need to engage a third party debt collection agency, all of their fees will be added to the outstanding balance of the loan.
Remember: You should only borrow money that you feel you can comfortably repay. By not meeting the payment terms of your agreement you are effectively in breach of the loan terms that you accepted. As a result, a penalty interest of 0.5% will be applied to your account for each day that a payment is outstanding.
APR means annual percentage rate of charge. It is an illustrative rate intended to help you make comparisons against other products. It reflects the annual cost of credit, taking into account the rate of interest and any fees charged for taking out the loan.
Representative Annual Percentage Rate (representative APR) is based on our reasonable expectations of what customers are likely to receive, taking into account the APRs of past agreements and calculated in accordance with guidelines provided by regulators. Actual rates charged may vary depending on specific characteristics of each loan and borrower.
For example, a £15,000 loan repaid over a 12 month period with an interest rate of 2.0% per month (fixed) the APR would be 50.7%. The total amount repayable would be £18,600.