Business Loan UK
Do you want your business to expand? Do you to increase turnover and profitability? If you do, you need to invest in your business. This in turn usually means borrowing money.
If you want a business loan, UK banks are usually happy to oblige. As long as your credit rating is good and your business has a trading history over several years, you should be able to borrow.
You might use the money in several ways:
- Buy new equipment.
- Develop a new product.
- Open new premises.
- Improve your IT systems.
- Buy another business.
Each of these can help growth, by expanding your capacity to trade or bringing in new customers, or both.
Business Loan UK Solutions
If you’re looking for a business loan UK lenders offer you a variety of options. It might be an overdraft or a fixed term loan. You might want to choose asset finance, or investigate whether factoring would give you what you need.
Which ever route you choose, you need to be sure that it’s the right loan for you. When looking for a business loan UK organisations often go to their bank for advice, meaning they will only be offered a selection of that bank’s products.
To get the best possible result you should take advice from an independent third party, such as a commercial finance broker. They have a much wider view of what’s available on the market, and can help to match your needs with the right finance product.
You Want A Flexible Business Loan
When you’re borrowing money to boost growth, you want a loan that’s easy to arrange, doesn’t tie up assets as security, lets you borrow what you want and that doesn’t lock you into fixed repayments.
Invoice finance delivers on all of these. It allows you to borrow by releasing cash that’s tied up in your sales ledger. It gives you control over exactly how much you borrow, and offers an extremely flexible approach to repayments.
You could borrow up to 90% of the value of your sales ledger.
Find out how much you could release from your sales ledger instantly online >>
Touch Financial – Independent and Impartial.
Our role is to get you the best finance deal possible. Because we’re independent of the lenders our focus is on you, and we take care to understand your needs before recommending lending products.
If you want a business loan UK lenders will have a product that meets your need, and we can help you find it. We work with over 20 of the UK’s leading lenders, including Lloyds TSB Commercial Finance and the Bank of Scotland.
Compare factoring quotes instantly online >>
Also in this section:
- Read more about Business Loans UK Wide
- Short term Business Loan
- Business IT Loans Overview
- Learn more about a Business Development Loans
- Medium terms Business Loan Overview
Every month Touch Financial help businesses improve their cash flow with invoice finance. Request a quote to find out how much extra cash you could raise.
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