Quick Business Loans

We work with a range of lenders who can offer quick business loans, from £1,000 to a maximum of £20,000,000. Although, usually a quick business loan will be for a small amount which is to be repaid within a year.

The speed of payment with these loans will generally command a higher interest rate, but they will be easier to qualify for as they pose less risk to the lender.

Whether you need additional capital to take advantage of an opportunity or need to release funds for an unexpected essential business costs, we can help you find the most competitive short-term loan.

By partnering with a variety of lenders such as traditional high street banks and also alternative lenders, we can provide loans which are tailored to every situation.

When you begin your search for quick business loans, one of the first forms of funding you will come across is a short-term business loan with a fixed repayment period. They are one of the most popular types of finance for businesses and can provide quick access to the capital required for a one-off expense.

As a traditional fixed-term loan, the amount you borrow will be repaid in regular instalments. This can help you improve cash flow as it will be relatively easy to budget for the set regular repayments.

If you are looking for a more flexible alternative to the traditional fixed-term quick business loans, an overdraft, credit card, or line of credit could be alternative options.

Although these types of quick business loans are not traditional forms of business lending, these form of finance can provide short-term access to capital within a single day.

The lender will provide access to credit with a set credit limit, with interest accruing based on the amount you have borrowed. This means the repayments you make are only based on the amount you have spent, which can provide improved flexibility when borrowing.

If your business needs access to finance but is unsure what the final requirements will be this flexibility is ideal. If your business is looking to borrow a large amount, the available credit may be secured against your business’s assets, such as property, vehicles and stock.

A merchant cash advance can be an ideal way to borrow a set amount, with the repayments required based on your income level. Unlike traditional fixed-loans, these quick business loans do not have a fixed repayment schedule.

The lender will recoup the loan by taking a percentage of the income from the payments you receive via your PDQ machine. This means that to be eligible for this type of loan you will need to accept payments for your goods or services by credit or debit card.

If you are looking for a loan which is based on your income, invoice financing could be the ideal form of quick business loan. Invoice financing is a popular form of loan, which is designed to release the capital you have tied up in slow paying or overdue invoices.

The invoice will be sold to the lender, who will usually provide you with roughly 85% of the invoice amount. Once the invoice is paid, the lender will keep the remaining percentage as their fee for providing the loan.

There are two forms of invoice financing available, with invoice discounting being the most common form of lending. In this situation the business is still responsible for arranging payment with their customer, whereas, invoice factoring involves the lender contacting your customer to chase for the payment.