Bad credit loans with guarantor no credit check for business

How to get a business loan with bad credit in the UK?

Today, a legal entity with a bad credit history and delinquencies can get a loan. The procedure for obtaining a loan for this category of borrowers is as follows:

Here are some ways to get a bad credit business loan in the UK:

• Alternative lenders: The easiest way to get a loan without a credit history check is through online lenders (microfinance companies) and peer-to-peer platforms. They have quite flexible criteria for such borrowers.
• Collateral loans: If you have the opportunity to provide collateral (enterprise asset), then use such credit programs. On the one hand, this will reduce the risk for the lender, and on the other hand, it will increase the borrower's chances of receiving a loan.
• Guarantor Loans: Having a guarantor with a good credit guarantee to get a loan on your behalf will help you get a loan.
• Credit unions will carefully consider your circumstances related to bad credit history and will be able to offer individual credit terms
• Improve your credit: Bad credit doesn't just mean fewer chances of getting a loan, it also means higher interest rates. Therefore, improving your credit rating will help you get a loan on better terms. This is facilitated by the correct organization of business finances and the development of a clear repayment plan
• State schemes: If your enterprise falls under the criteria of state loans, you can apply for preferential financing.

After choosing the most suitable type of business loan, complete the following steps to prepare for applying for financing with poor credit:

• Check your credit report, and make it as accurate as possible
• Develop a reliable business plan with a reliable path to profit
• If necessary, you can contact financial consultants
• It is equally important to build trusting and transparent relationships with potential creditors

Be sure to compare interest rates, commissions, and other credit terms using our catalog of credit offers with no credit check from banks and financial companies.

Business loan calculations for 3 years (example)

What are loans and grants for small businesses?

In the UK, there are various loans and grants available to support small businesses. These financial resources are designed to help businesses start, grow, or manage through challenging periods. Below is an overview of the main types of loans and grants available for small businesses in the UK:

Government-Backed scheme offering loans of £500 to £25,000 to start or grow a business. Fixed interest rate of 6% per annum.

Recovery Loan Scheme (RLS) provides financial support to businesses as they recover from the pandemic, with loans available up to £2 million.

High Street Bank Loans. Major UK banks such as Barclays, Lloyds, and HSBC offer various business loans with competitive interest rates.

Online lenders like Funding Circle, iwoca, and Capital on Tap provide fast access to loans with flexible terms.

A leading peer-to-peer lending platform connecting businesses directly with investors.

LEPs across England offer grants and funding to businesses in their regions.

Grants for small businesses in Scotland to support their growth and development.

Horizon Europe an EU research and innovation program offering grants to UK businesses participating in collaborative projects.

European Regional Development Fund (ERDF) provides grants for projects that promote economic development and job creation in specific regions.

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/

Alternative Business Funding

Head office’s address: The Pavilions, Eden Park, Ham Green, Bristol, BS20 0DD

Phone: +44 800 027-7065

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

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/

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/

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/

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/

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/

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

Startup Loans

Head office’s address: London

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