Business Loans
A straightforward way to access funding for your business, repaid over an agreed term with interest.
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We identify the right lenders for your business and handle the applications.
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Once approved, funds are released quickly for you to use as needed.
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You repay the loan in manageable instalments over the agreed term.
Get the best rates and fast funding for your business, with NorthFunding.
Unsecured Business Loans
An unsecured business loan is a lump sum borrowed without any security against your assets.
These loans are riskier for lenders as they rely on your business' financials and creditworthiness.
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Typical funding amounts?
​£1,000 - £2,000,000
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Repayments & Fees?
​Monthly.
​APRs vary but are typically higher than secured loans.
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Eligibility & Security?
Great for businesses without significant assets, but with good turnover, credit history, and financial stability​.
Director guarantees would be required.​​​
Secured Business Loans
A secured business loan is a lump sum secured against fixed assets, usually commercial property or equipment.
These loans are more risk-averse for lenders as they have tangible security against the money borrowed, but this obviously means that the borrower might lose the assets should the loan fail to be repaid.
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Typical funding amounts?
​£10,000 - £50,000,000
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Repayments & Fees?
​Monthly.​
APRs vary but are typically more competitive than unsecured funding.
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Eligibility?
Great for businesses with significant assets, but lenders will also be looking for a positive track record, with turnover, credit history, and financial stability​.
Director guarantees are occasionally required, but a company debenture (a charge over the businesses assets) is always needed.​​​​