Loan Finance
Business loans, secured or unsecured, can provide extra capital for you, allowing you to react quickly.
What is Loan Finance?
Loan finance refers to the practice of borrowing money from a lender and repaying it over time with interest. It can be further categorised into two types: secured loans and unsecured loans.
The main difference between secured loans and unsecured loans is the presence or absence of collateral. While secured funding options require borrowers to offer assets against the debt, unsecured loans do not.
Unsecured Loans
A quick way to inject money into your business. Unsecured loans do not require collateral, meaning borrowers do not have to pledge any assets. Instead, lenders assess the borrower’s creditworthiness based on specific factors such as credit history.
Flexible Usage & Repayments
Secured Loans
Secured loans are backed by collateral, which means borrowers pledge an asset (such as property, vehicles, or other valuable possessions) to the lender as security for the loan. Secured loans enable businesses to access higher amounts of capital.
How It Works
Collect Information
We will speak with you and find out the requirement for funding, a little history on your business and collect some important financial information.
Application Process
We pull together an application with a narrative surrounding the business’ funding requirements, and send this to our panel of funders.
Offer Received
Once we receive responses from the lender, we’ll bring these to you and find the best option suitable.
Money Received
You will receive your funds so your business can take the next step
Is your business eligible for Government-backed loan support?
The successor scheme to the Recovery Loan Scheme, the Growth Guarantee Scheme (GGS) launched on July 1 2024 and is designed to support access to finance for UK small businesses as they look to invest and grow.
Businesses can use the finance for any legitimate business purpose – including managing cashflow, investment and growth. However, businesses must be able to afford to take out additional debt finance for these purposes.
Find Out More
Finance For Business can offer you a wide range of financial solutions to help your business.