Business Loans

With a business loan, you are lent a sum of money over a specific period, and the interest rate and monthly payments are fixed over the term. These loans are generally used for one-off transactions, like a purchase or marketing campaign.

There are two types of business loans: secured loans and unsecured loans. While a secured loan is backed by tangible security (typically a property), an unsecured business loan relies on the cashflow of the business – but is typically more expensive. It is really important to understand the timescale of the repayments and that this justifies the initial expenditure.

- A loan is very simple and transparent – set repayments over a set term

- They can often be repaid early with no repayment penalties

- Funding can be provided in as little as 24 hrs

- Can often be provided for any purpose