Business loans are often taken out when a business needs a cash injection for a variety of different reasons. Whether it is for new stock, an upgrade of premises or an expansion of the size of your company, many individuals take out new businesses loans in order to either help their company grow, or to help them out with any short term financial issues they may be experiencing.
Business loans in the UK are often long term loans. We at Fast Loan do not provide new business loans, as we are a short term payday loans lender with a high acceptance rate.
Start your application today by clicking apply now and receive a decision in principle straight away on the loan amount and terms you want.
Choosing Your Business Loans Lender
We do not offer business loans in the UK at Fast Loan. However, we do think it is important that any of our enquiring customers are fully informed when it comes to what type of loan they are taking out. The lender and loan amount will depend on whether you are a larger corporation, a SME or an independent establishment. Small business loans are often the best choice for companies of a smaller size, but this will depend entirely upon what you require the new business loan for.
Business loans in the UK can be used for emergency situations such as cashflow issues as well as assisting with financing a company out of the peak period.
Deciding to take out any form of business loans in the UK should never be rushed. You must put careful consideration into what direct lender you decide to use, ensuring that they are FCA certified and are operating in a legal and moral manner. There are many tell tale signs when a business loan lender is operating outside of the law, such as not offering to do a credit check, which is an essential requirement every business loan lender must adhere to by law.
Why Choose Fast Loan For Business Loans?
At Fast Loan, we pride ourselves in our responsible lending approach. It is extremely important that our applicants fully understand the loan they are requesting. This is why we will always provide clear advice and transparent terms. This allows you to know exactly what you are agreeing to and what to expect at every stage of your borrowing journey.
There are no hidden fees with us, and we also do not charge any late penalty fees. As part of our commitment to provide the best experience, we assign all applicants with a personal customer care manager who will oversee your application. They‘ll personally assess your finances and consider your current situation against your credit history. This way, you won’t have to worry about a low credit score as long as you can show you can afford the loan you need. This also enables us to offer the best possible rates for loans compared against other online direct lenders.
Representative example:
Borrow: £500 over 16 weeks. 4 repayments of £183.59. Total amount payable £734.36. Interest rate: 151.4% pa (fixed). Representative 766.18.% APR.
Eligibility for Small Business Loans
We do not offer small business loans in the UK at Fast Loan. However, there are many other lending options that we can offer, many of which may be just right for you and your individual needs. Every applicant must meet certain criteria in order to be eligible for a loan with us.
To apply today you’ll need to meet the following eligibility criteria first:
- Aged 18 years or over
- Current UK resident
- Be in Full-time, Part-time or Self-Employment
- Receive a regular income
- Have a valid bank account and debit card
If you are able to meet the above criteria, you can choose the amount of money you wish to borrow as well as the repayment terms you wish for. By law, we will conduct a full credit check, which helps us as well as you. We do this to ensure you have the affordability to pay back your loan and do not worsen your current financial position. Additionally, at times we will also ask for recent bank statements, as well as proof of your address and identity,
Business Loan Alternatives: Apply Today
Complete an application today and find the best business loan alternatives. If you have no other means to settle your financial emergency through available credit or savings, we can help provide the fast cash you’re looking for. Click apply now to begin your application, or if you have any questions about the best loans available, please contact us directly.