Business Loans Guide
Private Company Loan
How to find the ideal private company loan
Whether you operate a private limited company or a private unlimited company, it is likely that at some stage your business will require additional financial support. For many businesses the key to remaining successful is knowing what forms of finance are available to you and how to access it.
To help you find the ideal private company loan, we have created this useful guide which will explain the key aspects of private company financing.
What private company loans are available?
There are many reasons why a business may need to take out a private company loan, such as improving short-term cash flow, expanding the business, or purchasing new equipment. The type of private company loans available to you will depend on the amount you need to borrow and what the funds will be used for.
Private company loans are available in two forms, those which are secured against the businesses assets and those which are unsecured. Through our panel of lenders, we can provide loans starting from £1,000 up to a maximum of £20,000,000.
For smaller amounts which will be repaid over a shorter-term, an unsecured form of lending is ideal. However, if you are looking to borrow a larger amount with affordable repayments spread over several years, a secured loan could make this possible.
Our lenders include traditional high street banks, online lenders and those who specialise in alternative forms of finance. By working with a variety of lenders we can provide private company loans to businesses in many forms. For example, your business could have access to traditional fixed term loans, in addition to flexible forms of finance, such as credit cards, lines of credit and overdrafts.
Is my business eligible for a private company loan?
To find a loan which suits the financial position of your business, you can use our quick and easy finance finder tool to compare the private company loan details. The comparison tool is designed to ask you a series of questions, which will give an insight into your business’s finances and the type of loan you require. We will then match you to a range of suitable loan options, which are tailored to your unique requirements.
If your business has struggled financially or has a poor credit rating, it could still be possible to access a private company loan by providing a directors or shareholders guarantee. The majority of private companies are limited, which means they exist in their own right with finances separate from the personal finances of those who own the business.
This separation of assets and finances can increase the risk for lenders, as the business may not have the assets required to provide the level of security required.
When you have found the ideal private company loan, apply through our site to lock in the best interest rates and terms. We specialise in helping businesses find the most competitive loans with terms that suit you, so our team can provide you with the knowledge and tools you need to access the best private company loans.