Overview of business loans
Business loans can provide businesses with the necessary capital to grow and expand their operations, purchase equipment and hire new employees. They can cover unexpected expenses or bridge gaps in cash flow.
Business loans can come in a variety of forms, including unsecured loans, secured loans, lines of credit, and more, providing businesses with flexibility in how they use and repay the borrowed funds.
Types of business loans
Revolving Credit
A revolving credit facility (RCF) is a type of loan that provides businesses with ongoing access to funds that can be used for working capital, inventory, or other business expenses.
Secured Business Finance
Secured business loans can enable businesses to secure the funding they need at a lower interest rate. A secured business loan is a loan that is secured by collateral, such as property or inventory. Because the lender has collateral to fall back on if the borrower defaults on the loan, they are often willing to offer lower interest rates and larger loan amounts than they would with an unsecured loan.
Start-Up Finance
Starting a business can be a daunting task, and financing is a crucial element of the process. Fortunately, there are various financing options available in the UK specifically tailored to start-ups.
Unsecured Business Finance
An unsecured business loan can be a great way for small businesses to secure the funding they need without having to put up collateral. Facilities can be arranged quickly and often have a lot of flexibility to settle the agreement early.
