Unsecured Short Term Business Loans

Our unsecured business loan offers a hassle free funding solution for the businesses; you could borrow up to £25,000 without having to secure the loan against any assets. This Loan is available exclusively for the limited companies.

Our Unsecured business loans are a quicker, more accessible form of business funding. They do not require assets as security,so can be processed in less time than a secured business loan that requires a lengthy legal process and valuations. This makes them an attractive option for aspiring companies with limited assets but a need for quick access to finance. As a result, they are often used to fund business expansion and support cash flow.

Since there is no security, you have to give personal guarantee. This is a written promise from a Director or Shareholder that guarantees repayment if the business is unable to pay.

We have a generous consideration for the business owners with Poor credit history or credit rating, as we believe that a default in the past owing to any unavoidable circumstances should not hinder anyone from accessing mainstream financing to secure a better future.

All our loans are for short term purpose and the repayments are scheduled on a weekly or monthly basis depending on the revenue model of the recipient. The maximum term period of the loan is 12 months.The cost of the financing is fixed for the loan period and there are no hidden or penal fees. We ascertain the revenue generation ability of your business and based on your business affordability we will fix your repayments. We believe in building a long term friendly relationship with our business customers and so our team will always be there to help our customers for their financing urgency.

Also we take an empathetic approach to the various tough situations faced by the business owner and our team will be continuously in touch with them to help them sail through the tough time.

BUSINESS CASH ADVANCE - Operational by March 2021

A Business cash advance, also known as a Merchant cash advance or PDQ loan, is a short term unsecured cash loaned to the businesses based on their Credit and debit card sales. This differs from conventional unsecured Business Loan, as there are no fixed monthly/Weekly payments to worry about, as a percentage of the money is repaid automatically every time you process a payment on your card machine.Basically the repayment of cash advance works on a split ratio, which is derived from the historical sales realised through debit/credit card. So a Business with healthy card sales could raise money for their requirements and can pay it back from their future sales.

An Operational Example

A Business cash advance lender will usually advance a capital amount equal to that of your monthly card sales turnover. A Merchant with more than £2500 monthly card sales is generally eligible. An agreed percentage, called split ratio which is usually around the range 10-20%, is then deducted from each of your future card sales to repay the loan.

Each time the business processes a sale through their merchant card machine, 90-80% of the revenue from the sale will go into your business bank account and 10-20% will transfer to the lender as repayment.Suppose a Merchant with monthly card sales of £5000 avails a business cash advance of £10,000 and agrees to repay £12,000 at a factor rate of 1.2. So If the split ratio is determined as 10%. Then each time a card sale happens, 10% of the sales goes towards the repayment of the loan and it continues until the entire £12,000 is repaid back.As there is no fixed loan period to pay back the amount, but still it is expected to liquidate based on the future sales happening similar to the historical sales.