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Most businesses require a loan at some stage of their development,
whether it is to start-up, expand, acquire another business or
purchase a fixed asset. A Short Term Business Loan offers funding
tailored from a range of options to suit every stage in the growth
of your business.
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You can decide on either fixed
or variable interest rates for repaying your loan. A fixed
rate will give your business protection from interest
rate fluctuations and allow you to forecast your repayments
and cashflow more accurately. |
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A variable rate will mean that any movement
up or down in the money market interest rate will have a similar
effect on your company's interest repayments. Typically, there
is no charge for arranging most loans, nor are there penalties
for early settlement in cases where the interest rate is variable.
However, if the interest rate is fixed, charges and penalties
can be incurred. |
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In certain cases you may postpone the payment
of the capital amount, i.e. pay the interest only, for a period,
to better suit your cashflow requirements. |
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You can choose the term of your
loan over a set number of years, to suit your business's circumstances. |
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You can choose the repayment frequency
of the loan i.e. the number of times within the term you repay
the loan, such as every month, every quarter etc. |
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Multi-currency loans are available. |
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Security may be required for business
loans. Each case is judged on its own merits. |
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Is a flexible, versatile and easy
to use source of finance. |
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Can be tailored to suit your business needs. |
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Offers your business the chance to accurately
forecast your cashflow. This in turn facilitates effective
budgeting and forecasting. |
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Allows you to invest large amounts
into your business while controlling the effect this has on
your cashflow. |
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With repayments spread out over the
life of the loan, you can minimise the effects any purchases
will have on your liquidity. |
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Allows you to leave other credit
facilities such as overdrafts free for working capital requirements. |
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Allows you to make purchases that
will appear as an asset on your balance sheet and so increase
your company's asset base without having to put a large one-off
dent in your cashflow. |
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You can enjoy the advantage of being
a 'cash' buyer when negotiating with your supplier. |
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The cost of credit (i.e. loans) is
currently at a 30 year low. |
All businesses are eligible to apply for a Short
Term Business Loan. Normal lending criteria will apply.
Terms and conditions apply.
Personal Lending is regulated
under the Consumer Credit Act 1995.
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Short
term business loans