Business Loans

This lesson belongs to the course business loans

Government Business Interruption Loans

The temporary Coronavirus Business Interruption Loan Scheme supports small and medium-sized businesses with access to loans, overdrafts, invoice finance and asset finance of up to £5 million and for up to six years. The Government will also make a Business Interruption Payment to cover the first 12 months of interest and any lender-levied fees, so […]

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Nucleus

The criteria for Nucleus Cashflow Finance is as follows: Company is registered in England or Wales  Trading for 3 years  Owner of the business is a homeowner If the prospect hits the above criteria, they will require the following: 2 years filed accounts  3 months bank statements Overdraft limit Once they receive the above requirements

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Commissions – For business loans

When you arrange a loan with one of the panel lenders, the amount of commission is linked to the fee charged to the client. E.g. to receive 5.5% from Funding Circle, the client would need to be charged 9% Each provider varies but their individual portals confirm the fees and commission amounts. Note, this can

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OMS – For business loans

IMPORTANT: Please ensure OMS is updated for all Business Loans whoever is the provider so that we can match commissions to the case and pay you on a timely basis. You will still need to record your client’s information on OMS and attach the documentation you have been required to collect to support the business

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Esme

If your client’s business is approved, they can access their money with a click of a button – going from application to having the money in their account in less than an hour. An easy and secure paperless application process that takes less than 10 minutes. Quick decisions and, if approved, the ability to receive

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Just Cashflow

Just Cashflow PLC is a responsible specialist lender to UK Businesses who offer flexible funding solutions to businesses to help them manage their cash flow. Unsecured and Secured loan solutions Just Cashflow products are designed to accommodate SME cash flow and funding requirements to match the specific needs of the customer. Just Cashflow facilities can

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Spotcap

Spotcap’s unsecured business loan offerings: Unsecured business loans from £50k-£350k Decision within 24 hours Multiple security options: no personal guarantee (PG), partial PG, full PG Dedicated account manager Minimum criteria: 3 years in business Minimum annual turnover of £500k Profitable and growing Read here some of their customer stories: https://www.spotcap.co.uk/customer-stories/       PLEASE NOTE

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Selina

Selina are a digital secured lender offering flexible credit facilities for businesses and property investors across the UK (including Scotland and N. Ireland). We secure our credit facility against an applicant’s residential property or a buy-to-let portfolio, providing them with an affordable and flexible alternative to accessing funds. For a summary of their products, see

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Iwoca

Small Business Loan: This is designed to help small businesses fund their long-term growth plans. This product allows your clients to expand their workforce, fund new projects or spread the cost of new equipment. Flexi Loan: iwoca’s flexible credit line has supported over 20,000 small businesses, allowing them to manage their cash flow and grow.

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