Business large and small loans

What is a business line of credit?

A business line of credit is a fairly flexible financing option that allows businesses to access funds up to a certain limit as needed. You can say that a business line of credit is similar to a credit card, but with more favorable terms (with lower interest rates and higher limits).

Let's consider the main characteristics of this type of financing:

1. Flexibility: A credit line makes it possible to draw funds as needed and pay only interest on the amount used.
2. Revolving credit: In the case of a credit line, you can repay and borrow funds many times within the credit limit
3. Covers short-term business needs. Thanks to the credit line, the company can easily manage cash flows and cover unforeseen expenses.
4. Protected or unprotected. The company can independently choose the type of credit line. In the case of an unsecured loan, the interest rate may be higher, while taking out a secured credit line, you should count on more loyal conditions.

 Thus, a business credit line is quite a convenient and affordable tool for maintaining financial flexibility.

Business loan calculations for 3 years (example)

How to get a business loan in the UK?

Any loan, including a cash advance business loan, requires clear preparation and good analysis. If your business does not have enough funds, you can turn to a bank or other financial company. Before that, we recommend performing the following actions:

1. Assess your needs. First of all, you should determine how much money you need and for what purpose. After all, banks offer various targeted small and large loans for individual entrepreneurs and legal entities.
2. Select the correct type. For a better understanding, here are the main types of business loans:

 - Term loans involve crediting a fixed amount with predetermined and agreed repayment terms

 - Credit line: flexible borrowing up to the limit, can be both secured and unsecured

 - Invoice financing: borrowing against unpaid invoices.

 - Asset financing: loans secured by business assets.

3. Check eligibility. It is worth analyzing in advance the financial condition of the enterprise, and its credit rating for compliance with the requirements of creditors:
4. Prepare the necessary list of documents, which usually includes an up-to-date business plan, financial statements, tax returns, bank statements, etc. In addition, the bank may require additional documents depending on the type of loan and collateral.
5. Compare the conditions of different lenders (banks, online lenders, credit unions, brokers, government grants) - interest rates, limits on amounts (50K, 100K), and terms (long). You can find interest free loan for small business
6. You can apply for short or long term business loans online or at the lender's office

By carefully preparing and comparing the options, you will be able to find approved business finance that will help you cover your needs as much as possible.

With the help of our catalog, you will be able to find the cheapest universal business loan for 50k - 100k or for other amounts.

You can also see the similar FAQ at the link: 

• Does HSBC propose a loan holiday?
• Financial calculators from Bank of Ireland
• HSBC bounce back loan contact number
• How do I set up my HSBC credit card Direct Debit
• What financial services of Bank of Ireland can get a client in Post Office?

Details of companies offering the financial services:

365 Business Finance

Head office’s address: 13-15 Rosemont Rd, London NW3 6NG

Contact center: 0207-1000-365

Web-site: https://www.365businessfinance.co.uk/

Aldermore Bank

Head office’s address: Apex Plaza, Forbury Road, Reading, RG1 1AX

Phone: +44 20 7788 6699

Web-site: http://www.aldermore.co.uk/

Swift code: ALDBGB2P

Reference number: 204503

Stock code: 51WB

ABN: 00947662

BSB: ALD

Approved Finance

Head office’s address: Witan Studios, Witan Gate, Milton Keynes MK9 1EJ

Phone: +44 1908-429-888

Web-site: https://www.approvedbusinessfinance.co.uk/

Bank of Scotland

Head office’s address: The Mound, Edinburgh EH1 1YZ

Phone: +44 (034) 5721 31 41

Web-site: http://www.bankofscotland.co.uk/

Swift code: BOFSGB31

Reference number: 169628

Stock code: 0076540

ABN: SC327000

BSB: BOFS

Barclays Bank

Head office’s address: 1 Churchill Place, London E14 5HP

Contact center: 0800-400-100

Phone: +44 (034) 5734 53 45

Web-site: http://www.barclays.co.uk/

Swift code: BARCGB33

Reference number: 122702

Stock code: BARC

ABN: 01026167

BSB: BARC

British Business Bank

Head office’s address: Steel City House, West Street, Sheffield, S1 2GQ

Phone: +44 114 206 2131

Web-site: https://www.british-business-bank.co.uk/

Capify

Head office’s address: Station House, Stamford New Rd, Altrincham WA14 1EP

Contact center: 0800-151-0980

Phone: +44 800 151-0980

Web-site: https://www.capify.co.uk/

Capital on Tap

Head office’s address: 7th Floor, The Tea Bldg, 56 Shoreditch High St, London E1 6JJ

Contact center: 020-8962-7401

Phone: +44 20 8962-7401

Web-site: https://www.capitalontap.com/

Choice Business Loans

Head office’s address: C1C, Comet Studios, De Havilland Court, Penn St, Penn Street, Amersham HP7 0PX

Contact center: 01494-410-125

Web-site: https://www.choicebusinessloans.co.uk/

Clifton Private Finance

Head office’s address: 2 Portland St, Clifton, Bristol BS8 4JH

Contact center: 0117-959-5094

Phone: +44 117-959-5094

Web-site: https://www.cliftonpf.co.uk/

Community First Credit Union

Head office’s address: Community First Community Bank Limited, 1 Main Street

Phone: 03-03-03-000-10

Web-site: https://www.communityfirstcu.co.uk/

Fleximize

Head office’s address: Holbrook House, 51 John St, Ipswich IP3 0AH

Phone: +44 20 7100-0110

Web-site: https://fleximize.com/

Funding Circle

Head office’s address: 68 King William Street, London, EC4N 7HR

Phone: +44 800-048-2467

Web-site: https://www.fundingcircle.com/uk/

Funding Options

Head office’s address: London

Contact center: 0333 344-10-15

Web-site: https://www.fundingoptions.com/

Government

Head office’s address: London

Web-site: https://www.gov.uk/

HSBC Bank

Head office’s address: Unit 8, Canada Square, Retail, London E14 5AH

Phone: +44 345 740 4404

Web-site: https://www.hsbc.co.uk/

Swift code: HBUKGB4B

Reference number: 114216

Stock code: HSBA

ABN: 00014259

BSB: HBUK

iwoca

Head office’s address: 101 New Cavendish St, London

Contact center: 020 3778-0274

Phone: +44 20 3397-3375

Web-site: https://www.iwoca.co.uk/

LendingCrowd

Head office’s address: London

Web-site: https://www.lendingcrowd.com/

Liberis

Head office’s address: 58 Wood Ln, London W12 7RZ

Phone: +44 1276-944-512

Web-site: https://www.liberis.com/

Lloyds Bank

Head office’s address: 25 Gresham Street, London EC2V 7HN

Contact center: 0345-300-0000

Web-site: https://www.lloydsbank.com/

Swift code: LBGTGB22

Reference number: 119278

Stock code: LLOY

ABN: 00002065

BSB: LBGT

Loans Warehouse

Head office’s address: 1a, Blackmoor Ln, Watford WD18 8YW

Phone: +44 1923-67-8870

Web-site: https://www.loanswarehouse.co.uk/

Love Finance

Head office’s address: 6 Great Charles Street Queensway, Birmingham B3 3JY

Contact center: +44 800-086-9404

Web-site: https://www.lovefinance.co.uk/

Merchant Loan Advance

Head office’s address: St Andrews Park, Queens Lane, Bromfield Industrial Estate, Mold, Flintshire, CH7 1XB

Contact center: 0800-133-7868

Phone: 0330-223-3950

Web-site: https://www.merchantloanadvance.co.uk/

Metro Bank

Head office’s address: One Southampton Row, London, WC1B 5HA

Phone: +44 (034) 5080 85 00

Web-site: https://www.metrobankonline.co.uk/

Swift code: MYMBGB2L

Reference number: 488982

Stock code: MTRO

ABN: 06419578

BSB: MYMB

mycashline

Head office’s address: London

Contact center: 020 3727-2572

Web-site: https://www.mycashline.co.uk/

Nationwide Finance

Head office’s address: Nationwide Finance, 9 Osier Way, Olney Office Park, Olney, Buckinghamshire

Contact center: 01234 240-155

Web-site: https://www.nationwidefinance.co.uk/

NatWest Bank

Head office’s address: 250 Bishopsgate, London, EC2M 4AA

Contact center: 0800-88-11-77

Phone: +44 345 788 8444

Web-site: https://www.natwest.com/

Swift code: NWBKGB2

Reference number: 121878

Stock code: GBP1

ABN: 00929027

BSB: NWBK

Nucleus

Head office’s address: Mezzanine Floor, St Albans House, 57-59 Haymarket

Contact center: 020 7839-1980

Web-site: https://nucleuscommercialfinance.com/

Nutmeg State Credit Union

Head office’s address: 270 Broad St

Phone: 800-526-6933

Web-site: https://nutmegstatefcu.org/

OakNorth Bank

Head office’s address: 57 Broadwick Street London, WIF 9QS, UK

Contact center: 0161-713-4071

Phone: +44 330 380 1181

Web-site: https://oaknorth.co.uk/

Swift code: OAKNGB22

Reference number: 629564

ABN: 8595042

BSB: OAKN

Paragon Bank

Head office’s address: 51 Homer Road, Solihull, West Midlands B91 3QJ

Contact center: 0800-052-2222

Phone: +44 345 849 4000

Web-site: http://www.paragonbank.co.uk/

Swift code: PRGNGB22

Reference number: 604551

Stock code: PAG

ABN: 05390593

BSB: PRGN

Royal Bank of Scotland

Head office’s address: 36 St Andrew Square, Edinburgh, EH2 2YB

Contact center: 0345-600-2230

Phone: +44 (070) 3597-88-42

Web-site: https://www.rbs.co.uk/

Swift code: ROYCGB2LCLS

Stock code: NWG

ABN: BR000548

BSB: ROYC

SME loans

Head office’s address: 2 George Street, Chester CH1 3EQ

Phone: +44 1244-506-279

Web-site: https://www.smeloans.co.uk/

Starling Bank

Head office’s address: 5th Floor, London Fruit And Wool Exchange, 1 Duval Square, London, E1 6PW.

Phone: +44 20 7930 4450

Web-site: https://www.starlingbank.com/

Swift code: SRLGGB3L

Reference number: 730166

Stock code: STERLNB

ABN: 09092149

BSB: SRLG

The Co-operative Bank plc

Head office’s address: 1 Balloon Street, Manchester M60 4EP

Contact center: 159

Phone: +44 (034) 5721 22 12

Web-site: http://www.co-operativebank.co.uk/

Reference number: 121885

ABN: 00990937

Triodos Bank

Head office’s address: Deanery Road, Bristol, BS1 5AS

Phone: +44 330 355 0355

Web-site: https://www.triodos.co.uk/

TSB

Head office’s address: Henry Duncan House, 120 George Street, Edinburgh EH2 4LH

Phone: +44 (034) 5975 87 58

Web-site: http://www.tsb.co.uk

Swift code: TSBSGB2A

Reference number: 119278

Stock code: 94AQ

ABN: SC095237

BSB: TSBS

White Oak

Head office’s address: 58 Nicholas St, Chester CH1 2NP

Phone: +44 (0) 1244-527300

Web-site: https://whiteoakeurope.com/