What is the minimum turnover for a business loan?

It varies by lender. Lenders look at your company's turnover, how long it has been trading and its overall performance. Your broker will explain what's likely to apply to your company.

How much can I borrow with a business loan?

It depends on your company's turnover, trading history, credit profile and what the funding is for. Your broker will tell you what's realistic before you apply.

Does applying affect my credit score?

No. Sending us your details doesn't involve a credit check, so it won't affect your credit score. A lender may run a credit check later if you choose to make a formal application, but never without your permission.

What interest rates can I expect?

Rates depend on the lender, the type of finance and your company's circumstances. Your broker will confirm the full cost in writing before you commit to anything.

What documents will lenders ask for?

Lenders usually ask for recent business bank statements, your company's latest filed accounts and a clear explanation of what the funding is for. Some may also ask for management accounts or details of any existing borrowing. Your broker will tell you exactly what each lender needs.

Who is this service for?

UK limited companies, LLPs and PLCs only. It isn't available to sole traders, partnerships or individuals.

Business Loans for UK Limited Companies

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What?

What is a business loan?

A business loan is a type of commercial finance that gives your company a lump sum, repaid in regular instalments with interest over an agreed term. Loans are available from high street banks and specialist lenders, and the terms on offer depend on the lender and your company's circumstances.

Why?

Why use a commercial finance broker?

Interest rates and terms can vary a lot between lenders. Compare Commercial doesn't compare lenders or give advice. We pass your enquiry to one FCA-authorised commercial finance broker, who works with a range of lenders and can look for options that suit your company, so you don't have to approach lenders one by one.

How?

How to get matched with a business loan broker

Fill in the short form

Tell us your company name, how much you need to borrow and what it's for, then add your contact details. It only takes a couple of minutes.

We pass on your details

We don't compare lenders or give advice. We simply pass your details to one FCA-authorised commercial finance broker, who will call you as soon as possible during business hours.

Talk through your options

The broker will talk you through your company's options. From here you deal with the broker directly, and there's no obligation to go ahead.

Smarter choices for your business.

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Frequently asked questions

Business Loan FAQs

Common questions about business loans for UK limited companies.

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Business Loans for UK Limited Companies, With Decisions in as Little as 24 Hours