BUSINESS LOANS - GET A LOW COST SMALL BUSINESS LOAN

Download to Excel

Please find below providers of a range of business loans. You can easily compare essential areas such as rate (is it fixed or variable?), terms and conditions and requirements. There are many types of business loans available on the UK market – whether you need cash for a new start-up or whether you require a large loan over a long term (up to around 20 years). You can choose from independent cash advances to mainstream bank business loans – the terms vary accordingly. It is important that you check if there is a penalty for early repayment and whether you will be required to secure the business loan against a property. Whether you need £1,000 or £1 million, you can find a business loan to suit you and your business. Before taking any kind of loan, make sure you are prepared for repayments. Once you have chosen a suitable business loan, simply click on the product you want for more information or to make an application.

If you wish to speak to someone: Contact Us or Enquiry Line: +44 (0) 207 386 5300

PROVIDERTYPE

TYPE

Lender / Broker

APR

APR

A Representative APR is a financial service concept in which interest rates quoted through advertising media is required to take into account all charges associated with a product, in addition to the interest rate

LOAN AMOUNT

LOAN AMOUNT

Total amount you can borrow

MIN TERM

MIN TERM

Minimum loan duration

MAX TERM

MAX TERM

Maximum loan duration

FEATURES

FEATURES

List of features of loan

ID REQUIRED

ID REQUIRED

List of ID required to obtain a loan

SUITABLE

SUITABLE

Who the loan is suitable for

RESTRICTIONS

RESTRICTIONS

Restrictions regarding potential borrowers

MORE INFO

Capexpand
Capexpand

LenderN/A
Representative Example

Representative Example

Typically, our business loans are repayable over 1-12 months at 5%-8% of the outstanding balance in interest per month.

£1,000.00 - £20,000.001 month12 monthsFeatures

Features

Credit Check: Yes
Instant Decision: Yes
Online Application: Yes
Secured Loan: No
Unsecured Loan: Yes
Mobile Loan: No
Debit Card: Yes
Bank Account: Yes
Repayable: Ask on application
Extention: Ask on application

Identification

Identification

Personal details and business details required

Suitable For

Suitable For

Online Businesses

Restrictions

Restrictions

Only for UK citizens and companies.

Capexpand
Apply now for a Capexpand Loan –it only takes minutes! Aimed specifically at online sellers Capexpand provides a fast and efficient solution to short-term cash flow needs. It is a convenient alternative to a traditional loan and provides a convenient and secure service.Once approved the money can be in your account in minutes, and there are no registration fees, no application fees and no hidden fees. DETAIL INFORMATION >>Terms

Terms

•Trading on eBay or Amazon for at least a year
•UK business bank account with a linked business debit card
•Each director of the business applying needs to be a UK resident and over 18


Advantages

Advantages

1.Speedy funding
2.Flexible repayments
3.Clear charges


Disadvantages

Disadvantages

Detailed info only after application

Wonga For Business
Wonga For Business

Lender17.6%
Representative Example

Representative Example

*AER from 17.6% Costs from £3 to £20 per £1,000 borrowed

£3,000.00 - £30,000.001 week1 yearFeatures

Features

Credit Check: Yes
Instant Decision: No
Online Application: No
Secured Loan: No
Unsecured Loan: Yes
Mobile Loan: No
Debit Card: Yes
Bank Account: Yes
Repayable: £3 - £20 per £1000 borrowed
Extention: Not permitted

Identification

Identification

Personal details and business details required

Suitable For

Suitable For

Short term cash flow capital

Restrictions

Restrictions

Currently only available to Limited Liability Companies and Limited Liability Partnerships

Wonga For Business
Wonga for Business is a ground-breaking, online business lender. Their new service is powered by the same technology used by Wonga.com, one of the world’s most innovative credit providers, which has already processed over 4 million consumer loans. Wonga for Business is the fastest, most flexible way for your business to access short term finance. Loans are up to £30k for up to 52 weeks and you only pay for the time you borrow with no early repayment fees. Consider your financial circumstances carefully before making an application. DETAIL INFORMATION >>Terms

Terms

Read T&Cs


Advantages

Advantages

1.Speed – quick and easy online application with an instant decision
2.Control – you decide how much you want to borrow and for how long
3.Flexibility – repay early and save money on interest
4.Transparency – all costs are clearly displayed and you don’t pay a penny more


Disadvantages

Disadvantages

1. Only available to Limited Liability Companies and Limited Liability Partnerships

BizNiz Cash Advances
BizNiz Cash Advances

LenderN/A
Representative Example

Representative Example

If you want a £15,000 advance and would like to repay it in approximately 9 months, we would agree to deduct 14% of your credit card sales (your cash sales are unaffected) until the total repayable amount of £20,250 has been repaid.

£3,500.00 - £100,000.00Ask on applicationAsk on applicationFeatures

Features

Credit Check: Yes
Instant Decision: No
Online Application: Yes
Secured Loan: No
Unsecured Loan: No
Mobile Loan: No
Debit Card: No
Bank Account: Yes
Repayable: Ask on application
Extention: N/A

Identification

Identification

•Your last 12 months merchant / card transaction statements
•Your last 3 months business bank statements
•1 void business cheque (main business account)
•Valid photo ID (passport or driving licence) for all partners / directors (copies acceptable)
 •2 sheets of business letter-heading

Suitable For

Suitable For

Small and medium UK businesses

Restrictions

Restrictions

You have to process, on average, £3,500 in debit & credit card sales per month

BizNiz Cash Advances
BizNiz is a great alternative to a business loan and the ideal solution if the bank says no. Your business will receive a cash advance of between £3,500 to £100,000 and you repay via an agreed % deduction of your card processing batch, which means you only repay what you can afford. If your business takes payments with a card machine you can apply! DETAIL INFORMATION >>Terms

Terms

Ask on Application


Advantages

Advantages

1. Provides up to 1 month’s average card turnover in a lump sum 
2. One-off factor fee charged – never increases
3. Repayment via an agreed % deduction of your daily card processing batch
4. No delays to your processed funds into your account
5. No need to change terminal provider


Disadvantages

Disadvantages

You have to process a minimum of £3,500 in monthly card transactions

Workingcapital4u
Workingcapital4u

LenderN/A
Representative Example

Representative Example

Not available

£500000No fixed termNo fixed termFeatures

Features

Credit Check: Yes
Instant Decision: No
Online Application: Yes
Secured Loan: Yes
Unsecured Loan: Yes
Mobile Loan: No
Debit Card: Yes
Bank Account: Yes
Repayable:
Extention: Not permitted

Identification

Identification

12 months of merchant credit/debit summary statements.

Suitable For

Suitable For

The unique financial needs of small and mid-sized businesses

Restrictions

Restrictions

Have at least one year remaining on your Lease
An Average of at least £3,500 per month in credit/debit card sales.

Workingcapital4u
Workingcapital4u provides you with working capital, a business loan, quickly and easily, that will help you to achieve your business growth. They serve the financial needs of small and mid-sized businesses by providing a great alternative to a business loan. Workingcapital4u offer you a business cash advance against your future credit card sales. Through an automated process, they retrieve a fixed percentage from each sale you make as it is settled; they only get paid when you do! Please read the terms and conditions. DETAIL INFORMATION >>Terms

Terms

You must apply to find out eligibility and APR%


Advantages

Advantages

1. No security required
2. No audited accounts or tax returns required
3. No application fees or hidden charges
4. No fixed payments.
5. No fixed term and no-payment penalties
6. Simple Application Process
7. Fast decision by real people i.e. no multi-level approvals.
8. No application fee
9. No security taken in house, business, equipment or inventory.


Disadvantages

Disadvantages

1. Must apply to find out APR%
2. You must authorise their partner company to receive a portion of your daily future credit/debit card receipts until the cash advance is paid.
3. You must have at least one year remaining on your Lease

If you wish to speak to someone: Contact Us or Enquiry Line: +44 (0) 207 386 5300

Related Business Loans Products

Business Current AccountsCurrent AccountsOffshore Current AccountsForeign Exchange - Corporate ClientsBusiness Credit CardsCredit Reference AgenciesBusiness Insurance

Compare Business Loans

Business loans explained

It doesn’t matter if you are a limited company or sole trader partnership company, you can find a range of loans which you can use for whichever business requirements you have – whether you are starting a new enterprise and need a kick start or if you need a long-term boost. You can get a business loan from mainstream banks and lenders or from one of many independent lenders. The best way to go about finding one to suit you and your business is by taking some time to work out exactly what you want. You can find flexible cash advances, fixed rate loans and start up finance. Choosing the right one is much like choosing any other type of loan, you will need to compare interest rates, terms, loan periods and consider exactly what you can afford to borrow before selecting a loan provider.

Is my business eligible for a loan?

The criterion laid out for business loans varies greatly depending on the lender and the size of the loan. Some lenders require applicants to run a business with an annual turnover that is up to £25 million while other companies ask for much less (£3,500 a month is normal). You might need to prove your business credentials and provide the lender with merchant credit/debit statements. When you are looking for a business loan, look at what is asked on the application form to avoid disappointment.

How much can I borrow with a business loan?

Again, this varies hugely – you can get loans of between £1,000 and £25,000 and others which allow you to borrow up to £1 million and beyond. Note that depending on the size of your loan, your loan might be secured against a property – so bear in mind that you risk having that property repossessed if you do not keep up with repayments.

Read the terms and conditions

It is essential that you read the terms and conditions of any loan which you want in great detail. business loans are particularly serious financial products and need to be treated carefully. If you default on abusiness loan you will severely damage your credit rating and you may incur expensive penalty charges. You may also bankrupt your business and you will not be able to borrow again. It is often worth seeking expert financial advice before applying for a business loan.

Business Loans Information

Loans AreaBusiness Loans ReviewsBusiness Loans InformationUnsecured Loans InformationSecured Loans InformationCredit Card InformationBusiness Insurance InformationWorld Financial ChartsWorld Interest RatesWorld Economic Calendar Could a bridging loan be right for you

Business Loans Gallery

BizNiz Cash AdvancesBizNiz Cash Advances Business LoanCapexpandCapexpand Business LoanMerlin Money Business LoanMerlin Money Business Loan Business LoanWonga For BusinessWonga For Business Business LoanWorkingcapital4uWorkingcapital4u Business Loan

Business Loan Reviews

Capexpand Business Loan ReviewBizNiz Cash Advances Business Loan ReviewWonga For Business Business Loan ReviewWorkingcapital4u Business Loan Review

BUSINESS LOANS - LATEST NEWS News and Charts

Business loans: give your company a kick start!

30 April 2013
Mark Maffia

Whether a limited company or a sole trader – to start the ball rolling can be difficult, and a business loan can be the only solution to give one's enterprise a proper start. To make a company grow, it also needs investments from time to time - and here again a business loan can help you to move forward.

READ ARTICLE

New on Which Way To Pay: Capexpand Business Loan

25 March 2013
Which Way To Pay

Capexpand is a new alternative to traditional loans and specifically aimed at online sellers for short- term cash flow needs.

READ ARTICLE

Business Confidence Falls Amid Recession Fears

06 February 2012
Which Way to Pay

Three separate reports today revealed that the UK’s one million small and medium-sized businesses were facing their most difficult year yet since the 2009 recession.

READ ARTICLE

Getting a Business Loan

21 June 2010
Which Way To Pay

Regardless of the size of your enterprise, in order to get a business loan there are a few things to consider…

READ ARTICLE

Business Loans

03 June 2010
Which Way To Pay

Regardless of the size of your company, you can get a business loan with flexible terms.

READ ARTICLE