Can I finance multiple sites or a phased refurbishment under one facility?
Yes — UK businesses can fund multi-site or phased refurbishments under one facility using staged drawdowns, capex lines, RCFs or master leases.
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Can I apply before my lease is signed or the fit-out contract is finalised?
Apply before lease or fit-out is final: lenders give conditional terms on drafts; final approval and funds need signed docs & consents.
Do I need landlord consent and building regulations approvals before applying?
You can apply before consent, but lenders usually require landlord permission and Building Regs sign-off before drawdown, so plan early.
Are early repayments allowed and are there early settlement charges?
Early repayment is often allowed for UK business finance, but ERCs, minimum terms or notice periods vary—always request a written settlement figure.
What fees should I expect (arrangement, documentation, broker, etc)?
Expect arrangement, documentation, broker, valuation, legal and exit fees on UK business finance. Always request a full itemised fee breakdown.
Are rates fixed or variable and what factors affect pricing?
UK business finance can be fixed, variable or hybrid. Rates reflect credit, security, product, term and benchmarks (Bank Rate, SONIA).
What are typical repayment terms for fit-out finance (eg, – months)?
Typical UK fit-out finance runs 12–60 months (36–48 most common). Options include staged drawdowns, VAT deferral, and interest-only build periods.
Do I need to provide security or a personal guarantee?
Often yes — UK lenders commonly require asset security or a director’s personal guarantee. Asset-backed finance can reduce PGs; check terms.
What credit profile or trading history do I need to be eligible?
Typical UK business finance eligibility: 6–24 months trading, stable cash flow, fair director credit; options exist for adverse or short histories.
Will applying trigger a soft or hard credit search, and will it affect my score?
Soft checks don't affect your score; hard searches at formal application may slightly, temporarily lower it. We only introduce providers.
What documents do I need for an eligibility check or quick quote?
Share business details, 3–6 months of bank statements, accounts, ID and supplier quotes (for assets/projects) to get a quick eligibility check.
Can you pay suppliers directly and handle deposits or retentions?
UK finance providers can pay suppliers directly, fund deposits, staged payments and retentions. Best Business Loans introduces lenders.