How and where can I get a startup business loan with almost guaranteed approval at a bank or financial company near me? Who can help you get a loan with a bad credit score? We offer a list of banks and financial organizations with fast approvals where you can get small business loans in London, Manchester, Birmingham, Leeds, Bradford, Glasgow, Southampton, Liverpool, Newcastle, etc. and other cities in the UK.
How to get a startup business loan with bad credit?
In order to urgently get small business loans for startups with bad credit scores, you need to send online applications to several companies. We cooperate with reliable and trusted banking and financial organizations that have the appropriate licenses for providing fast startup loans. Therefore, if you need a perfect loan, use this webpage and you will find out who offers small business loans for startups under the best conditions and has the most loyal approval approach.
Business loan calculations for 3 years (example)
| Amount, $ | Rate, % | Accrued %, $ |
| 500,000 | 8.35% | 64,365 |
| 500,000 | 8.45% | 65,135 |
| 500,000 | 8.55% | 65,906 |
| 1,000,000 | 9.35% | 144,146 |
| 1,000,000 | 9.45% | 145,688 |
| 1,000,000 | 9.55% | 147,229 |
| 2,500,000 | 10.35% | 398,906 |
| 2,500,000 | 10.45% | 402,760 |
| 2,500,000 | 10.55% | 406,615 |
| 5,000,000 | 11.35% | 874,896 |
| 5,000,000 | 11.45% | 882,604 |
| 5,000,000 | 11.55% | 890,313 |
What are the best unsecured business loans for startups?
Unsecured business loans can be a vital source of funding for startups in the UK, offering flexibility and accessibility without requiring collateral. Here are some of the best options for unsecured business loans for startups:
- Start Up Loans (Government-Backed)
Amount: £500 to £25,000 per director (up to £100,000 per business if multiple directors apply).
Term: 1 to 5 years.
Eligibility: Available to UK residents aged 18 and over who are starting a new business or have been trading for less than 36 months.
- Funding Circle
Amount: £10,000 to £500,000.
Interest Rate: Starts from around 4.9% per annum, depending on creditworthiness.
Term: 6 months to 5 years.
Eligibility: Requires at least 2 years of trading history, but there may be flexibility for newer businesses with strong financials.
- iwoca
Amount: £1,000 to £500,000.
Interest Rate: From 3% per month.
Term: 1 to 24 months.
Eligibility: Flexible criteria, suitable for businesses with a shorter trading history or those needing smaller loans.
- Esme Loans
Amount: £10,000 to £250,000.
Term: 1 to 5 years.
Eligibility: Open to businesses with at least 18 months of trading history, but newer businesses may still be considered.
- Fleximize
Amount: £5,000 to £500,000.
Interest Rate: Varies based on risk profile and term length.
Term: 1 to 48 months.
Eligibility: Available to businesses with at least 6 months of trading history, making it accessible for newer startups.
- Capital on Tap
Amount: Up to £250,000 (as a credit facility).
Term: Revolving credit facility.
Eligibility: Requires at least 6 months of trading history, with no minimum turnover requirement.
- Spotcap
Amount: £10,000 to £350,000.
Interest Rate: Customizable based on the business’s financial health.
Term: 6 to 24 months.
Eligibility: Available to businesses with at least 18 months of trading history.
Are there business acquisition loans in the UK?
Yes, business acquisition loans are available in the UK. These loans are specifically designed to help individuals or companies purchase an existing business.
Traditional term loans are offered by banks and alternative lenders. These loans provide a lump sum that you repay over a fixed term with interest. They are commonly used for business acquisitions. Typically ranges from £25,000 to several million pounds, depending on the lender and the size of the business being acquired.
Asset-Based Loans are secured against the assets of the business being acquired, such as property, equipment, or inventory. This can make them easier to obtain and might result in lower interest rates.
Loan Amount depends on the value of the assets being used as security.
SBA-Style Loans (Government-Backed Loans) is similar to the US SBA loans. These can be used for business acquisitions, especially for smaller businesses. The Start Up Loans scheme, although more focused on startups, can also support acquisitions for smaller businesses.
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:
ABC Finance Limited
Head office’s address: Point North Park Plaza, Cannock WS12 2DF
Contact center: +44 1922-620-008
Web-site: https://abcfinance.co.uk/
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/
Cash Compare
Head office’s address: London
Web-site: https://www.cashcompare.co.uk/
Evolution Money
Head office’s address: 9 Portland Street, Manchester
Contact center: 0161-814-9158
Web-site: https://enquiry.clarity-uk.com/
Got Capital
Head office’s address: 131 Finsbury Pavement, London
Contact center: +44(0)203 7500096
Web-site: https://gotcapital.co.uk/
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/
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
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
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/
Startup Loans
Head office’s address: London
Web-site: https://www.startuploans.co.uk/