Start-up & Growth Revolving Loan
Start-Up and Growth Revolving Loan.
Max Loan: £15,000
Term: 6 months to 5 years
Interest rate: 10%
Upfront Fee: Min £500 or 10% of loan value
Personal Guarantee: No
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.
- Start-up, sole traders and growth companies
- If growth company Evidence of a minimum of 2 years trading