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As a business owner, we know that time is tight. If you’re worried about not being able to meet an upcoming payment due to tight cashflow, you won’t want to be spending precious hours trailing business loan sites.
With so many options, it can be daunting and difficult to know where to start, or even what type of loan will be the best fit for you.
Say you land that big client you’ve been chasing. But, you don’t have the resources to hire enough staff to deliver the project because you're waiting for payment from your last customer. Are you confident you could deliver your best work?
Maybe it’s your business’s busy season, but you don’t have enough stock to fulfil the volume of orders coming in. Could you still make your numbers missing periods of demand like this?
Perhaps you use a fleet of vehicles, or rely on machinery, but your older assets are costing you time and money through running inefficiently. Wouldn’t it be better in the long run to update the tools you rely on day in and day out, rather than just making it work?
If any of this sounds familiar, it could be time to know what your business loan options are. Search over 100+ UK lenders in minutes to quickly match with affordable finance without affecting your credit score. Get a business loan to help your company grow, or be protected from cashflow risks:
Finding the right type of business funding is essential, so that you can have peace of mind that you have the most suitable and affordable business loan. We work with over 100 traditional banks and alternative lenders to offer a range of products that all help a specific need.
With Capitalise for Business, you can speak to one of our specialists to find out your options and what could be the best fit.
With extra funds, you could help your business to:
To streamline the process, you only need one application to apply to multiple lenders. You can speed the process up even further by having a few documents ready if something looks like a good match for your business.
Our lenders offer an extensive range of finance options - so you will find an option that works best for your business.
Once you have your documents ready, you could receive funds in your bank account in just 48 hours for an unsecured business loan.
For secured funding, such as Property Finance, this can take much longer as the process will involve valuations and solicitors.
We can match business funding needs for most limited companies with at least one director based in the UK. Generally speaking, if your business has been profitably trading for 2 years with at least £100,000 in annual turnover, there are more options we can match you with. That said, we work with over 100 lenders via our platform, so are able to work on a case by case basis. If you are unsure, just speak to one of our team.
It’s best practice to speak to a specialist as early on as you can. This will mean you will have more time to explore the market and find the best loan for your business. If your business credit score is low, this will also mean you have the time spare to improve your credit score to access cheaper interest rates.
Your business credit score is a key indicator to a lender on whether you can make payments based on your history. A good credit score means you will have more options and access to the best interest rates. There are some lenders that could help with a bad credit score, but these tend to be more expensive.
The best thing to do for your business could be to try and improve your business credit score, to save money on interest rates in the future.
For limited companies, approved funding will need to be deposited in a business bank account. A business bank account is not a requirement to get a business loan if you are a sole trader. Lenders will just need to see the documents for the personal bank account the business uses.
If you want to see if you could be eligible for a business loan, you can use our business funding calculator when you create your Capitalise for Business account. This will give you a personalised estimate of how much you could borrow.
The majority of lenders need some trading history (typically 1 year) to lend to a business. However some lenders will look at applications with as little as 3 months trading history. Decisions are generally made on a case by case basis. You can talk to one of our funding specialists to see your options.
For a start up business loan, the British Business Bank can also help.
For unsecured funding the average time is anything from 10-20 days. For secured funding it tends to take much longer and depends what funding is required eg Property finance will involve valuations and solicitors so will take months to complete.
How much interest you pay will depend on the type of funding you choose, the lender who provides it and several other factors including your business credit score. You’ll know exactly what you’ll pay upfront so you can make an informed decision about whether to accept any funding that’s offered to your business.
No, Capitalise is an aggregator. This means that we match your business to the most suitable lenders and the best fit funding solutions for your specific needs.
Figuring out which funding is best for your business – and then where to get it from – can be a bit overwhelming. In fact, around 50% of business leaders say they’re not sure what kind of funding they need or which lenders to trust. And 61% say they simply don’t have time for the long and admin-heavy process of applying.
Capitalise does all this legwork for you. You start one search and we find the best funding options from the most suitable lenders. We only work with trusted lenders and we won’t suggest a solution we don’t think your business is likely to be approved for. You can also apply to four different lenders by filling in one application form to get funding faster with a lot less admin.
Capitalise earns a commission if you accept an offer for funding through our platform. But that doesn’t mean we’d ever encourage you to take out funding that wasn’t a good fit. In fact, it’s an extra incentive for us to make sure that any funding offered to you through our platform is matched to your specific needs.
Our Marketplace has over 100 traditional and alternative lenders that specialise in asset and invoice finance, merchant cash advance, property and trade finance as well as working capital. These are broad categories that cover a huge variety of specific products and solutions from overdrafts and loans to management buyouts, VAT funding and the government’s Recovery Loan Scheme. We’ll only match you to the lenders and solutions that are suited to your business and funding needs. You can read more about the options available here.
We can match business funding needs for most limited companies with at least one director based in the UK. Generally speaking, if your business has been profitably trading for 2 years with at least £400,000 in annual turnover it could be a good match. That said, we work with over 100 lenders via our platform, so are able to work on a case by case basis
When you go beyond getting a quote and actually apply for funding, a lender will do something called a hard search of your business credit profile. Too many of these hard credit searches in a short space of time can have a negative impact on your business credit score. This can happen if you’re not entirely sure what kind of funding is the best fit for your business so you cast a wide net with lots of applications.
When you search for funding through Capitalise, you fill in one application form and we send that on to lenders for you. We keep the number of hard searches to a minimum by making sure we only send your application to the lenders most likely to approve your business for funding. Usually this is between two and four of the carefully selected lenders we work with.