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Our automated process allows your limited company loan to get approved and paid faster than other brokers.

We provide limited company loans for a range of businesses, for any purpose. Our rates start from 5.5%.  

Apply for a limited company loan and borrow up to £500,000, with funds available on the same day.

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 How to Apply for Business Finance

 

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Why Get a Limited Company Loan With Us

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What is a limited company loan?

A limited company loan is a type of business loan that is specifically designed for limited companies. Limited companies are businesses that are limited by shares, which means that the liability of the company's shareholders is limited to the amount of money they have invested in the company.



This type of business structure is common in the UK and many other countries. Limited companies often need to take out loans for various reasons, such as to fund capital expenditure or to pay for unexpected expenses.

 

Limited company loans can be used for a variety of purposes, and they can be either secured or unsecured - Love Finance loans are always unsecured. The terms of a limited company loan will vary depending on the lender, but they typically involve higher interest rates and stricter repayment terms than other types of business loans.

 

What are the benefits of limited company loans?

There are a number of benefits that come with taking out a limited company loan, including the fact that they can help you to grow your business, purchase new equipment or property, or even just to cover the cost of everyday expenses. Limited company loans can also be used to consolidate existing debt, which can help to reduce your overall monthly repayments.

Build your lending history to get better rates

Another benefit of taking out a limited company loan is that it can help to improve your credit score, as repayment history is one of the factors that lenders will look at when assessing your application. If you have a limited company and are thinking about taking out a loan, then be sure to weigh up the pros and cons before making a decision. limited company loans can be a great way to finance your business, but it is important to make sure that you are able to afford the repayments before taking out any loans.

 

How does a limited company loan differ from a sole trader loan?

Limited companies are businesses that have limited liability, meaning that the owners are not personally responsible for the debts of the business. This type of loan is different from a sole trader loan, which is a type of business loan that is for sole traders. Sole traders are businesses where the owner is the only person who is responsible for the debts of the business.

The main difference between these two types of loans is that a limited company loan is much easier to get because the risks are lower. This is because limited companies have limited liability, which means that the owners are not personally responsible for the debts of the business. This type of loan is also much cheaper than a sole trader loan, which is why it is a better option for limited companies.

 

Will my credit score be impacted when applying for a limited company loan?

One of the most common questions we get from small business owners is whether or not their credit score will be impacted when applying for a limited company loan. Our business loan quote service uses a soft search credit check, which means your credit score will not be impacted. Once you have accepted your offer, the loan will be recorded on your credit file, but as you have already been approved, this should not harm your credit score.

 

  • How to choose the right limited company loan
  • Limited company loan options can feel limited, but with a bit of research, you can find the right limited company loan for your business. Start by considering what you need the limited company loan for - is it for working capital, to buy equipment or property, or to fund a project?

Find a lender that suits your needs

  • Once you know how you'll use the limited company loan, you can start researching which lender and product are right for you. Compare interest rates, repayment terms, and eligible borrowers to find the limited company loan that best meets your needs. Don't forget to factor in any early repayment fees when comparing limited company loans, as this can make a big difference to the overall cost of the loan. With a little bit of time and effort, you can find the perfect limited company loan for your business.
  •  

Do I need a business account to get a limited company loan?

Yes, you will need a business account to get a limited company loan with Love Finance. This is because limited company loans are only available to businesses, and not to individuals. When you apply for a limited company loan, we will need to see your business bank statements in order to assess your eligibility. We understand that it can be difficult to get a business bank account if you're just starting out, which is why we offer loans specifically for limited companies. If you're not sure whether you qualify for a limited company loan, please don't hesitate to get in touch and we can talk you through the eligibility criteria.

 

How to apply for a limited company loan

We understand that our customers applying for limited company loans want them quickly, you want to kickstart the loan process ASAP. To get yourself prepared for getting a limited company loan, ensure that you have all the necessary documentation ready. For example, financial statements, tax returns, the latest set of filed accounts, and other documents the lender needs to see to assess the business.

The more prepared you are, the more straightforward the process will be.

 

How long do I have to wait for a limited company loan application to go through?

Using our automated technology, we send you a text and email within minutes of you submitting your enquiry. This will let you know if we can get you funded or not. Most lenders will take weeks to approve a loan, but Love Finance could get you approved and funded within 4 hours of you filling in the form.

 

Need help applying for a limited company loan?

We are automated, but we are always here to help support your financial needs. If you have any questions at all about the loan process, or business lending in general, feel free to contact us and one of our account managers will be there to help. 

Call 0800 086 9404 or  Email Us

Office hours are Monday - Friday, 9:00 am to 5:30 pm

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What Limited Company Loans Can Be Used For

Loans for Staffing:

Your business relies on a strong workforce to operate effectively. Growing your staff can be costly due to wages and recruitment costs. A limited company loan can help fund these.

Loans for Equipment:

Investing in quality equipment can help save money in the long run but can be a large outright cost. Using a limited company loan makes it easier to make such purchases.

Loans for VAT Bills:

Every limited company has to pay their VAT bill, which can be a detriment to cash flow. Bridge the gap with a loan to keep funds within the business and repay over several months in easy instalments.

Loans for Expansion:

Every company's goal is growth. Using a loan for your limited company expansion could help cover costs from expanding the premises to improving marketing efforts.

Loans for Cashflow:

Protecting cash flow is always important but not always easy for a company with many outgoings. Using a LTD company loan is beneficial in cases where you have unexpected or large bills to cover.

Loans for Inventory:

Using a limited company loan for extra cash allows you to buy stock in bulk and make a saving. It could also allow you to expand your product range which could attract more customers.

Eligibility For our Limited Company Loans:

  • Trading for over 12 months
  • £50,000 yearly turnover
  • NO CCJs
  • Growth in the business
  • Clean credit
  • Has a website or physical store

Limited Company Loan Resources

Understanding Business Loan Rates

Learn how business loan rates differ and what they are influenced by.

Instant Business Loan Calculator

Use our calculator to see what business loan repayments may look like.

How Unsecured Business Loans Work

Discover how our unsecured business loans work vs secured loans.

Limited Company Loans

Read everything you need to know here about what is involved in a limited company loan.

Learn about Invoice Business Loans

Find out how invoice finance can support your businesses cashflow.

Guide to Small Business Loans

Your go-to for everything related to instant business loans.

limited company loans FAQ

LIMITED COMPANY LOANS GUIDE

 

 

How much is a limited company loan?

There is no set limit on how much a limited company loan is, but lenders typically are reluctant to lend very large amounts. Love Finance generally lends £5,000 to £500,000, which can be used for any purpose within your business.

 

How do I apply for a limited company loan?

Limited company loans can be a great way to finance your business, whether you're looking to expand your operations or cover a short-term cash flow shortfall. But how do you go about applying for one? The process is actually quite simple. First, you'll need to fill out an application form and provide some documentation, such as financial statements and bank statements. Once your application is approved, you'll be able to access the funds you need to grow your business. So if you're thinking of taking out a limited company loan, be sure to follow these simple steps.

 

How can I check my eligibility for a ltd company loan?

If you're thinking of applying for a limited company loan, it's important to make sure that you meet the eligibility criteria. To be eligible for a limited company loan, you'll need to be a director or shareholder of a limited company. You'll also need to have been in business for at least 12 months and have a turnover of at least £50,000. Additionally, your business will need to be based in the UK and have a good credit rating. If you meet all of these criteria, then you should be eligible for a limited company loan. If you're not sure whether you meet all of the criteria, it's always best to speak to a financial advisor to get expert advice.

 

What is the difference between an unsecured limited loan and a secured limited loan?

Unlike secured limited company loans, an unsecured loan is a type of finance that does not require you to provide security. An unsecured loan is an excellent option for businesses that don’t have personal assets to offer as collateral or companies that prefer not to provide security. Love Finance only offers unsecured loans.

 

Can I repay my ltd company loan early?

If you have a loan for your limited company, you may be wondering if you can repay it early. The answer depends on the terms of your loan agreement. Some loans may have a prepayment penalty, which means you will pay a fee if you repay the loan early. Other loans may allow you to prepay without a penalty, but they may charge a higher interest rate. Ultimately, it is important to read the terms of your loan agreement carefully to determine whether prepaying is right for you. If you have any questions, you should always consult with us before making any decisions.

 

Can I get a start-up ltd company loan?

Unfortunately, unless you are purchasing business assets, we only offer limited company loans to companies trading over 12 months. However, we have teamed up with Transmit, who offers start-up loans. If you write "LOVE" in the referral box, they'll know you've come from us!

 

Can I apply for a limited company loan if I have a bad credit history?

Limited company loans are often seen as a good option for those with bad credit histories. This is because limited companies are viewed as being more stable and less risky than other types of businesses. As a result, limited company loans are often easier to obtain than other types of financing. However, it is important to remember that limited company loans are still subject to the same lending criteria as other types of financing. This means that you will need to have a strong business plan and a good credit history in order to be approved for a loan.

 

What can loans for limited companies be used for?

Loans for limited companies can be used for a variety of purposes, from expanding your business to covering unexpected expenses. Ltd company loans are available from a number of lenders, and the terms can vary depending on your needs. However, all loans for limited companies must be repaid within a set period of time, and you will typically be required to provide collateral in the form of property or equipment. If you are thinking of taking out a loan for your limited company, it is important to shop around and compare loans to get the best deal.

 

Do you offer government recovery LTD loans? 

The recovery loan has been extended. We can support businesses that haven't yet applied for the Recovery loan scheme you can request a quote here, and if eligible, we'll take care of your online business loan application and get you funded that same day.

 

What are the repayment terms of a small business loan? 

When you're running a limited company, there may come a time when you need to take out a loan to help with cash flow or to fund an expansion. But what are the repayment terms of loans for limited companies?

Generally speaking, loans for limited companies have similar repayment terms to other types of loans. That is, you'll typically make regular repayments over a set period of time, with the loan plus interest being repaid in full by the end of the term.

The exact repayment terms will depend on the lender and the amount you borrow. For example, you may be able to choose between making monthly or quarterly repayments. And you may have the option to make early repayments without incurring any penalties.

When considering taking out a loan for your limited company, it's important to compare different lenders and make sure you're aware of the repayment terms before signing on the dotted line. By doing so, you can ensure that you'll be able to comfortably make the repayments and that the loan is right for your business. 

 

 

Need help applying for a limited company loan?

 

If you have any questions regarding business loan costs, how to best apply, or about business funding in general, please don't hesitate to contact us before you apply.

Call 0800 086 9404 or Email Us
Office Hours are Monday to Fri 9:00 am - 5:30 pm

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0800 086 9404
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Birmingham
B3 3JY 

Love Finance Limited is Authorised and Regulated by the Financial Conduct Authority for certain types of credit related activities that are regulated under the Consumer Credit Act 1974 and by the Financial Services and Markets Act 2000. Registered in England Co Reg No. 08103018 Registered Office: 1 Calico Business Park, Tamworth, Staffordshire B77 4BF

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