Asset finance · Business loans
Business loans for the costs finance cannot be secured against
Working capital, tax bills, fit-outs and recruitment — funded quickly, without security over your kit.
In short
Not every cost has an asset attached to it
You cannot take hire purchase out on a wage bill, a shop fit-out or a VAT return. Those costs are real, they land at awkward times, and they still need funding. That is what a business loan is for.
We arrange term loans and short-term facilities alongside the asset finance, which means the funder sees the whole picture — the kit on the books as well as the cash going out — and prices the facility accordingly.
Business loans — key terms
REF BL- Typical term
- 3 months to 6 years
- Initial outlay
- None
- VAT treatment
- Not applicable to the loan; interest is not VATable
- End of agreement
- The facility closes when the final payment clears
- Balance sheet
- A liability, with no asset attached to it
For costs that cannot be secured against equipment — fit-out, recruitment, VAT and tax bills, stock. Most SME facilities are unsecured against assets but commonly require a personal guarantee.
Best suited to
When business loans is the right call
- VAT and corporation tax bills
- Premises fit-out and refurbishment
- Recruitment and training ahead of a contract starting
- Stock, materials and bridging a payment gap
The detail
What you will need and how long it takes
For most facilities we need the last two years of filed accounts, recent management figures and three to six months of business bank statements. Straightforward cases can be agreed within the week. Anything with a complication in it takes longer, and we will tell you which one you are early rather than letting you find out.
Terms typically run from three months to six years. Shorter facilities cost less overall but take more out of the account each month, so we show you what the repayment does to your cashflow before you decide.
- No security over your equipment in most cases
- Terms from 3 months to 6 years
- Decisions in days where the paperwork is ready
- One document list up front, not drip-fed requests
- Arranged alongside asset finance, so funders see one coherent picture
Common questions
Questions we get asked
Not usually. Most SME term loans are unsecured against equipment, though funders commonly ask for a personal guarantee from the directors. We will be straight with you about what is being asked for before you are anywhere near the paperwork.
Straightforward cases can be agreed within a few days and funded shortly after. What slows things down is almost always missing paperwork, which is why we send you the full document list at the first conversation rather than drip-feeding requests.
Yes, and it is common. The usual pattern is asset finance for the machine and a loan for the installation, training and working capital around it. Arranging both through one broker means the funders see a coherent picture instead of two unconnected applications.
Where to next
Related to this
Next step
Talk business loans through with someone who does it daily
Send the make, model and price and we will come back with indicative terms — usually the same working day.