Is there any cost or obligation to use BestBusinessLoansai?
Submit a free Quick Quote — no cost or obligation to use BestBusinessLoans.ai. Third-party lenders may charge fees; you'll be told before you proceed.
Category Business Loans
How many providers will I be introduced to, and can I compare offers?
Typically we introduce 3–8 lenders or brokers. You can compare offers—ask for term sheets/DIPs showing total cost, fees, security and repayment terms.
How long does a Decision in Principle usually take?
Decision in Principle (DIP) times vary from instant to two weeks. Speed depends on lender, product and documents; provide clear docs to speed it.
Does a Decision in Principle guarantee approval and funding?
A Decision in Principle is non-binding — a preliminary lender view useful for eligibility but not a guarantee; full checks and documents needed.
Do you carry out hard credit checks, or only the providers I choose?
Best Business Loans uses soft checks to match you; we don't run hard credit checks - lenders/brokers only do so with your explicit consent.
What factors affect my interest rate and terms?
Factors affecting business loan rates and terms: credit history, financials, industry risk, product type, security and market conditions. Get matched.
How does your AI matching process choose suitable lenders or brokers?
AI matches your business profile to lender and broker criteria, prioritising best-fit partners; we're an independent introducer - use Quick Quote.
Do you work with start-ups, sole traders, or franchises?
We match eligible start-ups, sole traders and franchises to lenders and brokers based on trading history, assets and funding needs.
Do you consider applications with adverse credit, CCJs, or historic arrears?
We match UK businesses with lenders/brokers who often consider adverse credit, CCJs or historic arrears—use our Quick Quote for tailored eligibility.
How do I get started and what should I prepare to speed up eligibility checks?
Complete a Quick Quote and gather key docs—filed accounts, management accounts, bank statements, cash‑flow forecast and ID to speed eligibility checks.
At what stage will lenders run hard credit searches on my business or directors?
Hard credit searches occur when you submit a formal application or DIP; soft checks used for pre-qualification won’t affect credit scores.
What happens after I submit a Quick Quote—what are the next steps to a DIP?
After a Quick Quote we screen your details, match you to suitable lenders or brokers using AI, and guide you through a Decision in Principle (DIP).