Find out instantly without harming your credit score
Secure up to £250,000 in just 4 hours with rates starting from as little as 5.5%.
Quick quotes, fast approval, and speedy payment make the process hassle-free.
Get your small business loan today with Love Finance.
Your small business loan is paid in a few hours.
See the business loan offers you are eligible to receive.
This will not impact your credit score.
Small business loans are designed for commercial use and can give UK businesses access to the funds they need for growth. Lenders typically require that the loan is only used for business activities, not personal needs.
Our UK small business loans can be used for a variety of purposes, such as:
Staff are crucial to the smooth running of your company. employment, recruitment costs, and wage expenses can be unexpectedly high, so a small business loan to cover overheads can be vital.
Interest Rates from 6.9%
A small business loan for equipment will likely help turn a profit, as you can carry out tasks to a better standard. funding purchases such as this will relieve you of the stress of making large buys
Interest Rates from 5.5%
Fund your VAT and close the gap between working capital and what you owe HMRC. these bills occur quarterly. you can take a small business loan out & repay over 3-12 months.
Interest Rates from 9%
Access to our financial services is always available.
At Love Finance, we understand the unique needs and challenges faced by small business owners based in the UK.
Whether you are looking to grow your business or manage regular expenses, we offer instant small business loans that are tailored to meet your particular needs.
As a company committed to supporting UK small businesses at all stages of their development, we know that cash flow management is a top priority for any small business owner.
That's why our quick approval process and flexible unsecured business loan terms make us an ideal choice for small business owners in need of extra funds.
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 UK 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.
Typical eligibility criteria
Trading 12+ months
UK based business
Turns over £25,000+ yearly
Has clean credit or no CCJs
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.
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
When you're running a small business, financing is an important factor to consider. Before taking out a loan, carefully consider how much money you need and what repayment terms are best for your situation.
We have several financing solutions available, so take the time to find the one that offers the best terms for your specific needs.
Our account managers can provide you with the support you need to find the perfect small business loan, with the right loan term, monthly repayments and loan agreement.
How much do you need?
First, think about how much money you actually need. To avoid burdening your business in the future, it's best to only borrow what you absolutely need.
What repayment terms?
Second, consider the terms of the small business loan. Make sure to understand the terms of the small business finance before signing anything. This will ensure there are no surprises down the road.
What type of loan fits best?
Finally, don't be afraid to explore different options. With support from our account managers, you can find the perfect small business loan with the right loan term, monthly repayments, and loan agreement for your needs.
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 you have clean credit and good business accounts we can finance an asset of any cost.
The average small business loan amount is £20,000, with the most common purpose for finance being to strengthen cash flow.
When it comes to small business loans, the amount you can borrow will depend on a number of factors, including the size and profitability of your business, your personal credit history, and the type of loan you apply for. However, as a general rule of thumb, most small business loans range from £5,000 to £500,000.
If you're looking for a small business loan to help get your business off the ground, you'll likely be able to find one that meets your needs.
If you're thinking of starting a small business, one of the first questions you'll need to answer is how you're going to finance it. One option is to take out a small business loan.
How do you know how much you can afford to borrow, and what your monthly payments will be? The good news is that there are some easy formulas you can use to calculate your monthly small business loan payments. How much is a small business loan
First, you'll need to determine the amount of money you want to borrow. Then, you'll need to find out the interest rate on the loan and the term of the loan (the length of time you have to repay it).
With this information in hand, you can use our business loan calculator to figure out your monthly payment. Of course, these are just estimates - your actual payments may be higher or lower depending on the terms of your loan. But doing the math ahead of time will give you a good idea of what you can expect, and help you plan your budget accordingly.
If you're a small business owner, you may be considering taking out a small business loan to finance your business. To start the process, all you need to do is request a quote.
Once you have completed your inquiry, you'll be given an indicative quote based on your details. If you choose to accept the offer, you can upload documents using our app without impacting your credit. Funds will be made available imminently once you have officially applied.
First: Research the different types of small business loans available. There are secured and unsecured loans, and each has its own set of terms and conditions. Make sure you understand the difference between the two before you apply.
Second: Gather all the documentation you will need to apply for a small business loan. This includes financial statements, tax returns, and a business plan. Having this information ready will make the application process go more smoothly.
Third: Shop around to find the best small business loan for your needs. Compare interest rates, repayment terms, and other factors to find the loan that is right for you.
Applying for a small business loan can be a great way to get the funding you need to start or grow your business. By doing your research and being prepared with all the necessary documentation, you can increase your chances of getting approved for the loan you need
Before taking out a small business loan, it's important to understand how loan repayments work. Generally, small business loan repayments are made in monthly instalments, based on the size of the loan and the interest rate.
Make sure you have enough cash flow to cover the loan payments and that you can afford the loan before taking it out.
Failing to make timely loan repayments can damage your credit rating, so it's essential to stay on track. Doing your research and understanding the repayment terms can help you avoid any negative consequences.
Love Finance can offer short term loans from 3 months, to a longer term up to 6 hours.
Small business loans can offer many benefits, but they may not be right for every small business owner. Consider the pros and cons before deciding if it's the right choice. Repayment schedules can be strict, and there may be additional fees and charges to factor in. However, you may receive a lower interest rate than with a personal loan. Weigh the advantages and disadvantages before making a decision.
When selecting the best small business loan for your needs, it's important to do your research. Compare rates and terms from a variety of lenders, read reviews, and check the Better Business Bureau rating. The most common types of small business loans are term loans, lines of credit, and SBA loans, each with their own set of benefits and drawbacks.
Once you've found the type of loan that best suits your needs, you'll be one step closer to achieving your business goals.
For small business funding, there is no one-size-fits-all approach to timing your application. However, it is best to apply when you have a well-defined plan for how you will use the money. This could be after completing market research or launching a new product or service. Additionally, you should consider the timing of other businesses in your industry and aim to apply at a different time so you stand out.
Ultimately, the best time to apply for funding depends on your individual business needs and goals.
If you're considering applying for a small business loan, you need to know if a personal guarantee (PG) is required. A PG is an agreement that says you'll be personally responsible for repaying the loan if the business can't. Not all loan providers require a PG for loans for small businesses, but many do.
For larger loans, a PG is usually necessary. However, you can negotiate with the lender for alternatives, such as collateral or other terms that reduce the risk to your personal finances.
A small business loan can help you manage cash flow, grow your business, purchase inventory, cover payroll, and invest in marketing.
Additionally, it can help you access funds quickly, and you can use the funds for any purpose. Interest rates and repayment terms vary depending on the type of loan and lender, so it’s important to compare loan options to find the best one for your business.
If you have any questions regarding business loan costs, how to best apply, or 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