Business Term Loan
This is a simple way of securing a loan for any period from 1 to 10 years, which is repayable in line with your cash flow and business cycle.
What does it offer me?
- You can agree to weekly, monthly, bi-annual or annual repayments in line with your cash flow
- We will not call for repayments faster than the terms agreed to, provided our terms and conditions are being met
- Finance for contracts and repeat orders from reputable companies
- Finance for short-term ventures (working capital, set-up costs)
- Fluctuating interest rate linked to our base rate
- Cash to buy fixed assets
- Cash for refurbishment and alterations to property, equipment or plant
- Cash to buy a new business
- Restructuring of your finances and balance sheet.
What do I need to apply?
- The amount of the loan depends on your business’ confirmed projected cash flow
- The loan amount is determined on your business’ financial position and/or collateral you are able to offer
- The overall risk of the business determines the qualifying criteria
- We will look at your business environment
- We will check the management expertise in your business
- Check your personal and business’ credit record.