A business loan is a loan intended for business purposes. As with all loans, it involves the creation of a debt, which will be repaid with added interest. There are many different types of business loans, such as:
- bank loans
- mezzanine financing
- asset-based financing
- invoice financing
What are the benefits of having a business loan?
Whether you run a small business or a large company, business loans can offer a finance solution to fill a cash-flow gap, fund expansion plans or manage the day to day expenses. Some business finance solutions are designed for start-ups, offering to fund to entrepreneurs.
What is peer-to-peer lending?
These websites are industrial-scale online financial matchmakers, matching individual borrowers or companies with savers willing to put money aside for longer, hunting for a good return.
As the banking middleman is cut out, borrowers often get lower rates. With this type of loan, you may be able to choose from a secured loan, an unsecured loan, or an asset finance loan.
Amount and Term
With some types of business loans, you can set out how much you want to borrow and the term.
Who can apply for a business loan?
Any firm can apply for a business loan, although some providers will only lend to limited companies.
It has grown a lot harder for almost any business to get accepted for credit. To apply for a business loan, the requirements can include any of the following:
- your business will need to be VAT registered;
- have a minimum monthly turnover
- have at least two years of filed accounts
Why apply through CSG?
If you are looking for a business loan, you need to spend time carrying out a little research, as there are different types of loans on offer from a host of providers.
Following a consultative process, CSG will design a programme that meets your requirements, and not try and make you fit one of our products.
You will have access to the widest range of asset financing products available, plus CSG’s extensive experience and in-house legal services, enabling us to design a solution to match your needs.
What we do
- Unsecured and any purpose
- £20,000 to £1m and terms from 12 months to five years. “Any purpose”
- No formal security; sensible pricing and funds processed in 24 hours.