Does your business urgently need an injection of cash?
A recent report has identified that small and medium sized business are experiencing pressure on their working capital.
One quick and flexible solution that could solve your problem is an unsecured business loan.
Unsecured business loans are ideal for businesses that:
- Are growing and require an injection of cash to help with expansion plans
- Require additional working capital to help cash flow
- Are carrying out a program of refurbishment to their premises
- Want to undertake a new marketing and business development campaign
- Are looking to buy new assets such as: plant, equipment, furniture, computers
- Need to pay an urgent VAT or tax bill
To name just a few ways you can use an unsecured business loan! There are many more!
Unsecured business loans are suitable for sole-traders, partnerships, limited company’s and limited liability partnerships.
There are a variety of loan types available, but typically an unsecured business loan for a business trading more than 2 years can be considered on the following basis:
| Term | 3 months up to 5 years |
| Interest rate: | 5% to 11% is typical |
| Fees: | In the region of 3% – 7% |
| Early repayment: | No early redemption charges |
| Loan size: | From £25,000 up to £500,000 |
However, unsecured business loans are also available for both start-up businesses and those trading less than 2 years.
So, if that’s you please get in touch at keith.park@fundingtrack.com and we can discuss the options.
The key benefits of an unsecured business loan are flexibility and speed.
There is no lengthy application process, and decisions can typically be provided within 24/48 hours with funds available within as little as 3-5 days thereafter.
As a result, an unsecured business loan is an excellent alternative to an overdraft or short-term loan from your bank.
To find out more and to make an application for finance give us a call on 020 8949 2122 or contact us by email at: keith.park@fundingtrack.com
