BUSINESS LOANS - FINANCE YOUR VENTURE WITHIN 24 HOURS
The start-ups or those looking to start need a sufficient funding backup to make their dream come true. They need a reliable lending platform from where they can fetch suitable loan deal. The instant small business loans that we provide are the ideal solution for them.
We offer these loans on an online platform where there is a minimum chance of errors and maximum loan approval.
These loans are beyond your past credit errors. Instead, they belong to your recent financial performance. It means start-up owners with poor credit scores can also apply for our business loans.
In the loan process, some obligations are there with extreme significance. Providing the collateral is indeed one of them, but you often have an asset to pledge the borrowed amount. Therefore, you look for an unsecured funding option.
We provide you with a reliable online lending platform where you are pre-eligible for unsecured business start-up loans. There is absolutely no need of putting an asset. Instead, you get the loan approval on your earning basis.
We analyse your repayment capacity, and then only we work upon the final interest rates and repayment schedules.
At 24cashfinances, we have ready our instant business loan manageable and reasonable in rates for all types of businesses in the UK whether they are the start-ups or the established ones.
Avail our loan offers to:
- Boost your working capital
- Buying new equipments
- Locating more branches in other cities
- Funding your future growth plans
- Paying the marketing specialist for a particular project
WHAT ARE THE FORMS OF BUSINESS LOANS?
When it comes to business funding, you have plenty of options to make use of them. As the responsible direct lender in the UK, we provide you with a variety of business loans, including:-
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Instant Business Loans
Have you trapped in a financial emergency? Do you need quick funding access? Our instant business loans do this for you without indulging into too much paperwork. Apply online and get the same day loan approval.
Borrowing Amount: £5000 - £10000
Loan Term: 6 Months - 12 Months
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New Business Loans
Are you new in the business competition? Do not worry about the funding because we have personalised offers on new business loans, which we also provide as self-employed loans.
Borrowing Amount: £5000 - £20000
Loan Term: 6 Months - 36 Months
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Start-Up Business Loans
We have exclusive loan offers for all the start-up businesses in the UK. The terms and conditions for the loans are decided according to the current financial scenario and affordability to repay.
Borrowing Amount: £5000 - £25000
Loan Term: 6 Months - 48 Months
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Short-term Business Loans
Fresh short-term business loans in the UK are waiting for you. Your company may belong to a small enterprise, but you have every chance of growing further by using the funding we offer.
Borrowing Amount: £10000 - £50000
Loan Term: 12 Months - 60 Months
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Start-up Business Loans for Bad Credit
Unlike other private lenders in the UK, we are flexible to those businesses with low credit ratings. We have specialised deals on the business loans for bad credit available on the soft credit check and borrowers’ affordability.
Borrowing Amount: £5000 - £15000
Loan Term: 6 Months - 24 Months
WHY THE UK NEEDS INSTANT SMALL BUSINESS LOANS?
You have successfully established your business. Everything looks fine in the initial days. However, the same joy will not last long after a few days when you are in the eyes of your competitors. They want to succeed over you, and you want more business than them.
In such a competition, you will need extra funding to start a new project. It is where instant small business loans come into the picture. We offer these loans online so that you can have quick loan approval and same-day funding.
The most significant part of our loans is that we offer loans despite your blemished credit report. We do mind what you have done in the past. Instead, we look at your current financial capacity. If you can afford the loan with the particular interest rate, you will have the same day loan approval.
Once you have funds, you can use them for various purposes. Some of the examples are mentioned below-
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Financial Emergencies: Whether small or big, all businesses have to face some financial emergencies. During this period, you can rely upon small business loans. As the amount is small, getting the loan will not take much time.
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Recruiting More Employees: As your business sees expansion, you need more employees to increase productivity and gain more capital. These loans will help you to accumulate extra funding to fulfil the purpose.
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Filling Funding Gaps: The journey of running a business is not smooth at all. At some time, you will feel a cash shortage while dealing with a particular project. By applying for these loans, you can quickly fill the funding gap.
Whatever your purpose is, we are ready to fund your business when you need it the most.
HOW DO I QUALIFY TO GET SMALL AND INSTANT BUSINESS LOANS?
You need a loan because you are in a financial crunch. You do not have enough money to run or to expand your business. In such circumstances, you need such small and instant business loans where the qualifying criteria should be simple and straightforward.
At 24cashfinances, we take care of everything and aim for keeping every loan procedure on the simplest terms. Therefore, you can compare us with any lender in the UK, and you will find our criteria quite manageable to follow.
Apart from the general eligibility conditions like age should be above 21 years and residency should be of the UK, we still have kept other conditions on simple steps.
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How Long Your Business is running in the Market
You should have spent at least one year in the same business. It increases your reliability factor in front of the lenders, as they can believe the capacity of your business skills. In some circumstances, we may accept at least 7 months, but very rare.
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Annual Business Revenue
Your qualification for small business loans is also analysed according to your annual business revenue. Most business loan lenders in the UK ask for a minimum of £200000 annual turnover to grant funds. We have kept the limit to a minimum of £100000.
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- Personal and Business Credit Score
Credit score has always been a significant factor in the loan process. Lenders want to know borrowers’ credit scores to offer loans on affordability. We do soft credit checks to your personal and business credit score only to increase your loan chances.
24cashfinances has set certain objectives where we want to ensure a smooth loan process for every business. Therefore, you can easily qualify for our small business loans and get instant approval without any hurdles.
ARE BOTH SECURED AND UNSECURED BUSINESS LOANS AVAILABLE?
24cashfinances responsibly offers both secured and unsecured business loans in the UK. However, the application procedure will remain the same, i.e. online with not much paperwork to follow.
Secured Business Loans
(These loans are for the longer-term with the availability of larger funding)
- Borrow up to £50000 with an asset to pledge
- Get the lower interest rates suitable to everyone
- Available to bad credit people with soft credit check
Unsecured Business Loans
(These are comparatively smaller loans available for emergency or small funding)
- Borrow up to £25000 with no security to offer
- Higher interest rates but available on borrowers’ affordability
- Available to bad credit or very poor credit people with soft credit check
An Important Note: All the secured and unsecured business loans deals are subject to affordability. As a responsible direct lender, we follow the mandatory credit score check policy to provide the deals on the borrowers’ repayment capacity.
WHAT ARE THE BENEFITS OF BUSINESS START-UP LOANS?
Running a business requires not only the skills and better communication but also sufficient funding backup. Moreover, business funding does include borrowing options too. Fortunately, many good deals on business term loans are available where the guaranteed support is for the new or start-up business owners.
Here are some benefits of small business loans for the start-ups in the UK:
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A Part of Your Business Plans
Indeed, with easy online access, these borrowing options have become part of your business plan. Whenever you need funding irrespective of short term or longer-term, you can opt for these loans and fulfil the business goal.
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Available for Women Entrepreneurs
At 24cashfinances, we are always ahead in giving adequate funding support to the UK's women entrepreneurs. We have impressive deals for them in both the secured and unsecured categories.
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Same Day Approval and Fund Disbursal
You submit your loan application now, and you get the approval within an hour. Our representatives quickly respond to your loan query. If everything goes okay, then there will be a delay in the fund transfer to your bank account.
Excessive use of a business credit card can put you in more debts. Therefore, applying for a business loan at 24cashfinances is indeed much safer option to seek business growth.
WHAT ARE THE TIPS AND ALERTS ON SMALL BUSINESS LOANS?
24cashfinances has been doing well in assisting small business entrepreneurs in the UK. They have been searching for money for their business without any hurdle and obstacle. We ensure that you get the loans without wasting your time and, most importantly, your hard-earned money.
Therefore, we are dedicated to instant approval on small business loans. At the same time, we also want to guide you on how to prepare for the loans. Many businesses have been failed to attract lenders for having necessary funding. It happens especially for those businesses that carry bad credit scores. We do not want the same for you. Here are some valuable tips that you can follow:
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What is your loan purpose?
Before finalising the loan decision, you should be aware of your loan purpose. Whether you need a loan for business expansion or buying equipment, this should be cleared before submitting the loan application. It will help you to borrow the appropriate amount that is affordable to your earning capacity.
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How do you use the funds?
One more thing that you should be familiar with is using the borrowed sum. However, it is connected with the previous point. If you are clear about your purpose, you can make the best use of the funds. Once you do that, you can quickly fulfil your financial purpose or any pending project.
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What are the obstacles in your way of loan approval?
It will be good if you know in prior that what can be the possible obstacles in your way of getting the loan approval. For instance, if your credit score is not good, try to improve it before applying for the loans. It will help not only you but the lender too to make loan arrangements accordingly.
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Whether you have a guarantor or not?
If your lender asks for the guarantor, then start today by finding a reliable person who can become your loan guarantor. The individual can be your spouse or business partner, but their credit history should be good enough. However, we have not made the guarantor’s obligation mandatory.
WHAT ARE BUSINESS BOUNCE BACK LOANS?
The business bounce back loans are the latest form of business funding in the UK where the financial assistance is given to those start-ups who have been suffered by Covid -19 pandemic. Initially, the Government launched the programme, but now many direct lenders and peer-to-peer lenders are also offering the same with much flexible lending norms.
To be eligible for these funding options, you need to have:
- You have your company registered in England and Wales
- Registered offices located in any part of the UK for the last five years
Like standard personal loans, these business loans are also available for 12 months or more than that depending upon the lenders’ policies. However, you may opt for any credit broker to have the right deal on these loans, but we suggest you go for direct lending for immediate results.
DIFFERENCE BETWEEN 24CASHFINANCES VS OTHER LENDERS
We have a variety of business loans in the UK in which you can analyse a loan and its cost to your earning capacity.
24cashfinances say ‘YES’
- We believe in your repayment capacity and put little doubt on you. It means you have more chances of loan approval with us.
- We offer you the bespoke deal on unsecured business loan where your any asset is not at risk of losing.
- We do not determine your loan approval on business credit rating. We consider your earning capacity and affordability to repay.
Other Lenders Say ‘No’
- Banks and traditional institutions put more doubts on the repayment ability of start-up businesses. They may not offer you the best options.
- Banks may not allow you the loan without asking for the security. It can be manageable for large businesses but indeed not for start-ups.
- Banks usually have strict terms for businesses with poor credit rating. They may not offer you a loan or charge higher interest rates.
