February 2, 2023


Business/Industrial Goods and Services

Small Business Loans From Cashfloat small business loans

Open to UK registered charities where the work or project is UK based. Revenue funding range from £500 upwards but rarely exceed £20,000 per annum. There is no limit for the amount requested; however majority of awarded grants range from £1,200 – £10,000.

Calls may be monitored or recorded in case we need to check we have carried out your instructions correctly and to help improve our quality of service. To find out more you can read the statement of responsibilities, which details what’s expected of us, the lender and you the borrower. We want to make it simple for you to compare and choose our products, whatever your business circumstances. You can apply for a Lloyds Bank Business Loan without having a Business Current Account with us.

Intelligent Loans

If your application is successful and you do not wish to open a Business Current Account with us, we will open a fee-free Loan Servicing Account until your Business Loan is repaid. Applicants may receive a different rate of interest based on their individual circumstances. The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes. The technical storage or access that is used exclusively for anonymous statistical purposes.

This programme supports Small & Medium businesses in the Tendring district. Funding can be used for revenue costs such as salaries, capital costs such as plant, machinery or other equipment and/or the acquisition and refurbishment of premises. You will find that there are a multitude of government backed funding programs that range from conditionally repayable contributions to equity financing.

If your business has been affected by Covid-19, you may be eligible to apply for the Recovery Loan Scheme . The new Scheme aims to support businesses affected by Covid-19 as they recover and grow following the coronavirus pandemic. The new Scheme aims to support businesses affected by Covid-19 as they recover and grow following the pandemic. If we believe you can’t afford the repayments on the amount you apply, you may be declined. We may require you to open a fee free loan servicing account and will confirm if this is required as part of the switching process. Setting up a Small Business Loan is completely free and we help keep your costs down by not charging early repayment fees.

  • As with most loans, it requires creating debt, which is then repaid with interest.
  • In contrast, a revolving line of credit, like a business credit card or an overdraft on your business account, will only charge interest on the outstanding balance.
  • On a more practical level, it’s useful if business owners have a robust idea of the health of their business before looking into finance options like small business loans.
  • Small business loans available with huge variety of terms.

Awards will only fund formally constituted not-for-profit organisations and statutory bodies. This might include sports clubs, voluntary organisations, local authorities, schools or governing bodies of sport established in UK. Eligible deposits with us are protected by the Financial Services Compensation Scheme . Please note that due to FSCS and FOS eligibility criteria not all business customers will be covered. You should not apply for an amount that you cannot comfortably afford to repay now and in the future to avoid the possibility of legal action. All lending is subject to a satisfactory credit assessment and we will need your permission to carry out a credit check on you and your business.

However, as a short-term loan option, these requirements are only ever temporary. As the loan is unsecured, you don’t need to provide collateral so you aren’t at risk of losing a valuable business or personal asset if you struggle to make repayments. Please be advised that when you apply for a loan, the lender you get matched with may require you to sign a personal guarantee.

Other Funding Options

Read below to find out about some of our success stories and how the support we offer, combined with small business funding, helped them turn their dreams into reality. A great alternative for people looking for a business loan to fund a start-up. The insurance lump sum will usually be the same amount of money as what’s outstanding on the loan. In return for this, you’ll be expected to pay regular premium payments to the insurance provider. If you’re an existing customer but don’t have Online Banking, you can apply for a Small Business Loan using our simple online application form. The rate you pay depends on your circumstances and may differ from the representative APR .

Satellite Finance

You’ll also pay no setup or application fees, and can borrow up to 125% of your monthly card transactions, with a maximum of £150,000 or more. 9% APR representative on unsecured business loans up to £25,000. This rate will vary based on your business’ circumstances and between different lenders, based on their risk appetite and the perceived level of risk involved in lending to your business.

A short-term business loan could offer you some flexibility, especially if you’re facing an unexpected situation or seasonal fluctuations. If you need funding to grow your UK business, a small business loan can provide a fast and affordable solution to help support your goals. Businesses all over the UK face financial instability daily, which often requires outside funding. We have looked into how the state of borrowing for these businesses differs between the industry, over the years, and for the size of the business. Learn about government support and alternative options for businesses needing finance to help deal with the impact of coronavirus. Access a lump-sum of funding upfront for a fixed cost and then repay when your customers pay you.