Secured loans, unsecured loans and funding linked to your card sales.
Tell us how much you need and what it will fund. We’ll help you find a starting point.
Flexible funding for working capital, stock, hiring and growth, structured around how your business actually moves.
Choose the route that fits how your business trades and what you need to fund.
Borrow against agreed security, such as property or business equipment.
Exact requirements depend on the lender and your application.
Security may be repossessed if repayments are not met. A personal guarantee may also be required.
Enquire about a secured loanBorrow without a charge over a specific asset, subject to lender assessment.
Exact requirements depend on the lender and your application.
A personal guarantee may still be required, making the guarantor responsible if the business cannot repay.
Enquire about an unsecured loanReceive funding and repay an agreed share of your card takings.
Exact requirements depend on the lender and your application.
Lower card sales mean smaller repayments. The agreed total cost still applies.
Enquire about a cash advanceLenders assess your cash flow, existing borrowing and credit profile. Secured loans also require suitable security and may need valuation and legal checks.
The offer should set out the repayment structure, total cost and any security or personal guarantee requirements.
For a Merchant Cash Advance, lower card sales reduce the repayment amount, but not the agreed total to repay.
Share the amount, purpose and how long your business has been trading.
Compare the repayments, total cost and any security or guarantee requirements.
Provide the requested information and, if approved, sign the lender’s documents.
| Comparison | Business loan | Asset refinance |
|---|---|---|
| What it uses | Depends on whether the loan is secured or unsecured | Equipment you already own |
| How much you can raise | Affordability, business profile and any security | Asset value, less any finance settlement and fees |
| Typical term | 1 to 5 years | 2 to 5 years |
| Security | Agreed assets for secured loans; a personal guarantee may apply to either route | Title to the equipment |
| Speed | Depends on the lender, checks and any security required | Depends on valuation, ownership and settlement checks |
| Cost | Depends on the loan structure and business profile | Depends on the asset, agreement and business profile |
| Best when | You need funding for wider business costs | You want to release value from existing equipment |
Security may include property or business assets, depending on the lender. The lender considers their value, any existing finance and your ability to repay. Assets used as security may be repossessed if repayments are not met.
Possibly. Existing borrowing and charges affect how much security is available and whether another lender can accept it. Tell us about any outstanding finance so we can check the options.
The lender may require a valuation and legal checks before releasing funds. Any required checks, fees and likely timescales should be confirmed before you proceed.
A lender may ask for a personal guarantee as well as asset security. This can make the guarantor personally responsible if the business cannot repay. The requirements depend on the offer.
The lender assesses your turnover, cash flow, existing borrowing, trading history and credit profile. The amount offered must be affordable for your business and depends on the lender’s criteria.
It may do. Unsecured means there is no charge over a specific asset, but a personal guarantee can still make a director or business owner personally responsible if the business cannot repay.
Eligibility depends on the lender’s minimum trading history and evidence that the business can afford repayments. A shorter trading history can limit the options. Tell us when you started trading so we can check suitability.
Early repayment terms vary by lender. Check whether charges apply and how the settlement amount is calculated. The agreement should explain these terms before you commit.
An agreed percentage of your daily card takings goes towards repayment. The amount collected changes with your card sales, rather than being a fixed monthly instalment.
Lower card sales mean smaller repayments, so repayment may take longer. This does not reduce the agreed total to repay. Any other repayment conditions will be set out in your agreement.
This funding is linked to regular card sales. If most customers pay by bank transfer, a business loan may be a more suitable route. We can discuss your payment mix and funding needs.
The offer sets out the fee and total amount to repay. Costs depend on your business profile and card turnover. Check the total cost alongside the percentage of card sales collected before accepting an offer.
Tell us how much funding you need and what it will support. We’ll explain the loan and merchant cash advance options that may fit.
