Small Business Loan

Once approved, the funds could be transferred to your account within hours. At Capalona we have arranged a number of small business loans for women across the UK. So, if you’re a female entrepreneur in need of funding, please reach out to us today. Keep cash flowing – Cash flow can be a tricky part of business management. A short-term business loan could give you the breathing space you need to overcome potential issues.

When taking out finance, it’s essential to consider every aspect of the loan agreement. There is no set credit score that will guarantee a successful small business loan application. Each lender has their own requirements and often your business credit score is just one part of what they’ll be looking at when making their decision to lend. More often than not, when applying for a small business loan you will need to be prepared to sign a personal guarantee. Trying to obtain funds from a high street bank can be a frustrating and time-consuming process. With Capalona, a short-term small business loan could be agreed in principle in just a few minutes, with the funds transferred to your account within a matter of hours after approval.

Also, details of any countries you or your business is registered for tax purposes in and details of your business’ year-end accounts or cash flow forecasts. A lender may require you to offer assets as security against the loan, depending on the amount you need. Small business loans are usually repaid over a short timeframe, from six months to three years.

At present, no digital banking platform offer business loans, though Starling Bank have offered them in the past. Though these providers offer other services like foreign exchange or savings accounts, you’ll have to sit tight for more packages. You’ll also need the personal details of all the partners, directors, members or signatories of the business . On top of that, you’ll need your business details, including your company’s registration number if you’re a limited company.

They can also be used to cover unforeseen costs, such as an unexpected bill, and economic fluctuations caused by seasonality.

When you get a business loan through Capalona, you can rest assured that you’re receiving the best deal for your company’s needs. We have built long-term relationships with the lenders that we work with to ensure that all businesses are able to get access to funding. This means that even if your business has suffered adverse credit in the past, we will still strive to find you the right small business financing solution.

No, but you do need to have a business account with another bank to apply for a business loan with us. A business loan is a straightforward way to finance your business. If a business opportunity presents itself, but you need substantial funding to take it up, we’re ready to help you explore if it’s right for your business. If you do not qualify for a small business loan, we can offer an alternative funding option to meet your needs. Securing business or personal assets against a loan allows you to borrow more and helps keep interest rates lower. With a small business loan, you could qualify for a quick, short-term loan from as little as £1000 to £500,000 from one of our trusted direct lenders.