Small Business Loans

£65 million in small business funding.

How to Get Funded

• 

• Apply

  Fill out our fast & easy online form.

• 

• Approve

  Our account managers will get you approved.

• 

• Sign

  Send over your signed documents.

• 

• Receive

  Fund deposited in as little as 24 hours.

Three Simple Steps to Apply

Upload

Upload documents securely to support your small business funding application

Scan

Perform easy ID verifications in seconds using our free app

Chat

Access free chat support for any help you might need during your process

Why Apply With Us

 Available 24/7

We're always available to help you with funding.

Automated  Loans

Our online process will provide you with a fast decision.

Loans That Suit You

Choose your flexible repayment plan, with no hidden fees.

What Is a Small Business Loan?

Small business loans are a type of business loan that is specifically designed for small businesses. Small businesses typically have a more difficult time qualifying for traditional bank loans because they often don't have the same kind of collateral as larger businesses. As a result, small business loans tend to have higher interest rates and shorter repayment terms than traditional business loans. However, small business loans can still be a valuable source of funding for small businesses. This type of loan can be used for a variety of purposes, including start-up costs, expansion expenses, and working capital. 

How to choose the right small business loan

When you're running a small business, there are a lot of different factors to consider when it comes to financing. You need to make sure you have enough money to cover your overhead costs, purchase inventory, and pay your employees. But you also don't want to take on too much debt. That's why it's important to carefully consider all of your options before taking out a small business loan.

How much do you need?

There are a few things to keep in mind when you're choosing a small business loan. First, you need to think about how much money you actually need. It's easy to get caught up in the moment and borrow more than you actually need, but that can put your business in a difficult financial position down the road. It's better to err on the side of caution and only borrow what you absolutely need.

What repayment terms?

Second, you need to consider the terms of the loan. Some loans have shorter repayment terms, which can be challenging if you're not prepared for it. Make sure you understand the terms of the small business finance before you sign anything so there are no surprises down the road.

What type of loan fits best

Finally, don't be afraid to consider different options, we have plenty of financing solutions so take your time and find the one that offers the best terms for your specific needs. With a little bit of support from our account managers, you should be able to find the perfect small business loan with the right loan term, monthly repayments and loan agreement for your needs.

What is the maximum you can receive?

Our maximum lending amount for a traditional small business loan is £250,000. However, depending on the need of the business this figure can change. For example, if your business is looking to purchase an asset and you have clean credit and good business accounts we can finance the asset no matter its cost. 

Already been declined for a small business loan?

There's no need to feel discouraged if you've been unsuccessful in applying for a small business loan. At Love Finance we have options for small businesses that have not been approved previously. As we only perform soft searches early on, your credit score won't be impacted by applying for us so there is no risk in seeing how we could help. 

A good candidate for small business funding looks like:

Trading 3+ months

Turns over £50,000+ yearly

Has clean credit or no CCJs

Growing business

Owns a physical store or website

The above criteria are not an absolute necessity, we will always do our best to source you the small business funding you need. But, by meeting these requirements, you are more likely to be approved for a small business loan. 

Speak with an Account Manager Before Applying for a Small Business Loan 

We're automated but it's always nice to know there's a real person behind the scenes to support you, so if you have any questions regarding small business loans, or you're looking to enquire please don't hesitate to contact us.

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