Growth Company Revolving Loan
Max Loan: £35,000. Loan must not exceed more than 100% of average monthly turnover
Term: 6 months to 5 years
Interest rate: 8%
Upfront Fee: £500
Personal Guarantee: May be required in certain circumstances
This type of loan has the ability to keep rolling over. When you have paid back 10% or more of the loan, in line with all the loan conditions, then the same amount that has been paid back can be re-borrowed with a simplified application process and an additional normally lower admin fee.
- Existing businesses trading in excess of 2 years
To check your eligibility call us on 01276 472722 or Contact Us
All loans are subject to an upfront admin fee that is only payable on success and the applicant’s credit score and business plan will determine which type of loans are available to them.