New Business Loan

A guide to helping you understand and compare new business loans

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Are you looking for a new business loan?

Almost every business requires financial assistance at some point, so whether you are looking for your first ever loan, or new business loans, we can help you find the most competitive form of new business finance.

How to find a new business loan

There are many factors which will determine which business loan for a new business is available to you, from the amount you are looking to borrow, to the level of outstanding business debt. We work with the largest panel of lenders available online, so are ideally positioned to help you quickly compare a variety of competitive loans for your business.

To help you find new small business loans which match your specific needs we have developed a finance finder tool, which will ask a range of questions designed to put you in touch with the ideal financial product. Every lender will have different criteria which your business must satisfy, although the main factors they will consider are your annual turnover, what the loan is for and the length of time required to repay the loan.

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What new business loans are available?

Our comparison tool will search new business loans from a variety of lenders including; high street banks, challenger banks, alternative lenders and small specialist lenders. By partnering with a range of lenders, we can guarantee that you have access to the most competitive and flexible terms, so you can find the ideal start-up loan for new businesses.

Our flexible range of loans allow you to borrow anything from £1,000 up to £20,000,00, with a variety of finance types available. Whether you are looking for a standard fixed term bank loan for new business, or a flexible option such as a credit card, overdraft, merchant cash advance or invoice finance, we can offer you repayments terms from less than a year to those spread over several years.

The amount available, costs and the repayment terms will usually depend on the financial position of your business and its credit history. To assess your risk the lender will consider factors such as the profitability of your business, the age of the business and the amount you are looking to borrow. If your business represents a low risk, you are likely to benefit from the lowest interest rates and access to affordable repayments spread over a longer repayment period.

If this new business loan is to be provided in addition to existing loans, the lender will review the repayments you have made to existing debts. If you have a high debt to income ratio or have missed a number of payments the lender is likely to pass the risk on to you with a higher interest rate and a short repayment period.

By using our quick and simple comparison service, we can help you source the most competitive small business loan for a new business from our panel of handpicked lenders. We understand how difficult it can be to find a new business loan which matches your specific requirements, so our team are always available to discuss the available loan to start a new business options.

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If you need some free advice our business experts would be happy to help

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