Business Loans

Funding to move your business forward. Get your business to where it needs to be with our fast, flexible funding solutions. Whether you’re looking to invest in new equipment, going after a new opportunity, or simply need a stress-free way to keep on top of the day-to-day cashflow, we’ll tailor a loan that works for you.

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WHAT IS THE ULTIMATE LOAN?

Simple funding whenever your business needs a cash injection.

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WHY PICK THE ULTIMATE LOAN?

It’s fast, it’s flexible, and it helps you spread your business costs.

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HOW DOES IT WORK?

We’ll give you a decision within 24hrs – with funds available within 5 days.

Give me the facts

ELIGIBILITY Ltd companies (Min turnover £85K) or non-limited businesses (min turnover £250K) based in England, Scotland or Wales.
AMOUNT £7K- £150K (Maximum 10% of turnover)
DURATION 6- 24 months, depending on loan amount
INTEREST RATE From 1.67% - 2.5%
REPRESENTATIVE APR 59.4%
APPLICATION CRITERIA 3 months’ bank statements and VAT returns (where applicable)
Fees We charge a £100 set-up fee. It’s included in your repayments, so you don’t have to pay it up front.
SECURITY REQUIRED Personal Guarantee
SPEED OF DECISION We aim to let you know within 24hrs
TIMING OF CASH Within 5 days
REPAYMENT Weekly by Debit Debit
PERSONAL SERVICE Dedicated customer services team
BEST FOR... A quick cash injection

How it works

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PROVIDE YOUR DETAILS

So we can get to know you better and make an offer.

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CONFIRM REPAYMENT

Once approved, simply confirm your repayment details

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E-SIGN YOUR AGREEMENT

We can have the funds in your account in just 5 days when you sign your agreement online.

Sound right for you?

Request a quote

Your questions answered

Unsecured loan

What can this loan be used for?

That’s up to you. It could be that you’re looking to boost your working capital to relieve the day-to-day pressure. Perhaps your overheads have increased or you need to pay HMRC. Or, it could be an exciting opportunity has presented itself but you need cash up front to make it happen. As long as it’s for your business, you can use the funding for whatever you like. 

What are the benefits?

We tailor our business loans to suit your needs, not ours. Our application process is simple which means we can make decisions quickly - and get you the money you need, quickly. There are no hidden charges and our rates are competitive. All that, plus the services of our customer services team who will take the time to get to know your business.

Is this loan available for new businesses?

We can help new businesses with funding up to £10K, provided you’re a homeowner. Get in touch to find out more about our start-up loan criteria.

Will taking a loan affect my credit rating?

Yes – in a good way. Provided you stick to your repayment plan, it will have a positive impact on your credit rating. That’s because it will give you a proven track record of being a ‘reliable borrower’, which could make it easier for you to get credit in the future.

What documents do I need to support my application?

We try to make the process as simple – and as quick – as possible. Generally, we’d be looking for your last three months’ bank statements and your VAT returns from the past two quarters along with colour photo ID.

I’m VAT exempt, can I still apply?

If you’re VAT exempt, that’s absolutely fine. If not, you’d have to be registered to apply. For VAT exempt companies, we’d ask for 6 months’ bank statements.

I have adverse credit. Can I still apply?

Absolutely. We’re not like banks.  We look for reasons we can say yes, rather than reasons to say no. What interests us is your business potential. We know through experience that good funding can be the key to turning a business round, so if we can help you do that, we will.

How do the repayments work?

We like to make things easy so repayments are made weekly by a fixed Direct Debit.

Can I repay the loan early?

Of course. It’s not unusual for businesses to find that their investment boosted their bottom line quicker than they’d expected. We don’t charge any early repayment penalties, so if you want to be free of your loan quicker, that’s fine by us.

What happens if I need additional finance?

Sometimes it can be tricky to know exactly how much your business needs, so we’re more than happy to look at top-up funding on your loan. Added to which, opportunities can suddenly present themselves that might need additional cash. You don’t need to have fully repaid your initial borrowing. As long as you’re eligible for additional finance, we’d just add the new loan to your existing one.

Are there any charges?

We charge a £100 set-up fee. It’s included in your repayments, so you don’t have to pay it up front.

What the difference between APR and Representative APR

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 25.0% per annum (fixed) the APR would be 59.4%. The total amount repayable would be £18,850. This includes a £100 set up fee.

Want to speak to someone?

We’re always here to support you and your business in a way that best suits you.

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