Do you support start-ups, sole traders or franchises?
We don't support start-ups, sole traders or franchises. Best Business Loans matches established UK limited companies/LLPs to non-property finance.
Christian Strutt
Which industries do you support and which are excluded?
Supports established UK limited companies in commercial sectors (asset, invoice finance). Excludes start-ups, sole traders, property, high-risk areas.
What minimum trading history or turnover do lenders expect?
Typical UK lenders ask 12–24 months’ trading and £100k–£250k p.a. for unsecured loans; MCA/invoice finance may accept 3–6 months. Get a Quick Quote.
Can I access finance if I have HMRC or VAT arrears?
Accessing finance with HMRC or VAT arrears: options, lender checks, Time to Pay importance, and specialist asset or revenue‑backed solutions.
Can I get a business loan with weaker credit or historic CCJs?
Specialist UK lenders may consider businesses with weaker credit or historic CCJs. Strong cash flow, settled CCJs and security improve your chances.
What documents will lenders usually ask for (bank statements, accounts, etc)?
UK lenders usually request 3-12 months of business bank statements, filed accounts, director ID, HMRC records, management info and sector evidence.
Can I repay a business loan early and are there early settlement fees?
Most UK business loans can be repaid early, but early settlement fees, minimum interest or break costs may apply — request a formal settlement figure.
What interest rates do small business loans typically have in the UK?
UK SME loan rates typically run ~6%–30% APR: secured at the low end, unsecured/short-term pricier. Compare APR, fees and total cost before choosing.
Are loans unsecured or will a personal guarantee or security be required?
Many UK SME 'unsecured' loans still need personal guarantees; larger or riskier facilities require security. Compare options with Best Business Loans.
What are typical business loan terms for SMEs (eg, – months)?
UK SME loan terms: unsecured 6-60m (often 12-36), secured/asset finance 24-84m, invoice finance rolling 12m contracts; overdrafts annual review.
How much can my UK limited company or LLP borrow?
UK limited companies & LLPs typically borrow £10k–multi‑million. Unsecured ~10–25% of turnover; asset/invoice finance 70–95%; subject to criteria.
Do you guarantee approval if I pass the eligibility check?
Passing the eligibility check indicates a potential fit but doesn't guarantee funding; lenders set final approval, terms & rates after underwriting.