Frequently Asked Questions

Business Loan Broker (UK)

A business loan broker helps you find the most suitable finance options by comparing lenders, preparing applications, and guiding you through the process.
They match your business with lenders who best fit your needs, improving approval chances and saving time.
Typically you’ll need bank statements, trading history, ID documents, and details about your business.
Approval can take anywhere from a few hours to several weeks, depending on the type of finance.
Most lenders perform a soft search initially, which does not affect your score. A hard search may occur at the final stage.
No. Sole traders, partnerships, and limited companies can all apply.
Yes, but options may be more limited without trading history.
Secured loans require collateral; unsecured loans do not and rely more heavily on creditworthiness.
Loan sizes typically range from £5,000 to several million, depending on the loan type and your business profile.
Rates vary based on credit, loan type, and lender, typically starting from around 4–6% for secured loans and higher for unsecured.
Terms range from 3 months to 10 years, depending on the product.
Some lenders allow early repayment with no fee, while others charge settlement costs.
A broker will assess your needs, financial position, and goals to recommend the right option.
We work with most industries including retail, construction, hospitality, logistics, and professional services.
Yes. There are lenders who offer solutions for businesses with imperfect credit history.

A secured loan is backed by an asset such as property or equipment.
Common assets include property, vehicles, machinery, and commercial equipment.
Generally yes, as the lender’s risk is lower.
The lender may take possession of the asset used as security.
Approval often takes longer—typically 1 to 4 weeks—due to valuation and legal checks.

It provides short-term funding to “bridge” a gap until long-term finance is available.
Often within days, sometimes within 48 hours.
Usually 1 to 24 months.
Yes, it’s commonly used for property purchases, auctions, and investment projects.
Yes, they are secured against property or land.

Finance used to purchase or refinance equipment, vehicles, or machinery.
Vehicles, construction machinery, manufacturing equipment, and more.
Yes, many businesses release capital through refinancing assets they already own.
Yes, it’s commonly used for cars, vans, HGVs, and plant equipment.
Depending on the product, you may own the asset, return it, or upgrade it.

An unsecured loan requires no collateral and is based on creditworthiness.
Most unsecured lenders require a personal guarantee.
Unsecured loans typically range from £5,000 to £500,000.
Fast approval, no collateral, and flexible use of funds.
Lenders usually require trading history, good bank health, and a stable cash flow.

Funding used to purchase another business or take over shares.
Yes, this is exactly what the product is designed for.
Typically 10–30% depending on risk and lender.
Yes, it can be blended with asset finance, invoice finance, or loans.
You’ll usually need business accounts, forecasts, bank statements, and details of the target business.

A form of funding repaid through a percentage of daily card sales.
Repayments automatically adjust with your card sales—busy days pay more, quiet days less.

It allows you to release cash tied up in unpaid invoices.
Factoring involves the lender managing your credit control; discounting keeps this in-house.
Funds can usually be accessed within 24 hours of invoice submission.