Generally lenders look for a minimum of 12-months trading history however we can look at funding options for new starts as well.
We will require the initial queries answered via the Apply for Funding section including your company name, loan sought, use of funds and e-mail address. We will then contact you with any further queries before advising what loan options are available. The lenders will require your latest financials and recent business bank statements as part of the process.
No credit search will be completed by the lenders without your full consent.
Any fees are paid by the lender direct to us once you have received the funds in your account.
In some cases, funds are available within 24-48 hours. Generally, funds are received within 3-5 working days.
Terms of the loans range from 6-60 months.
Dependant on the circumstances and lenders, the rates will usually range from 5% pa to 18% pa.
Some lenders will look for the director or principal of the business to provide a personal guarantee as part of the security package. This requirement will be detailed at an early stage.