I want to borrow

What are new business loans

Have you done enough with 10-5 job? Do you want to move on in your life with some big step ahead? If yes, then the time has arrived for you to have your income. Understand? If not, then it means the moment is insisting you have a new business life.

Starting a business is indeed a proud thing to have, but it needs a sufficient backup of funds. New business loans in the UK are those funding sources from where you can generate funds to launch a venture irrespective of any niches. Many UK businesses have applied these loans and fulfil their requirements.

Here are the primary loan features:-

  • Flexible Lending Terms

    Providing ease in borrowing is our primary objective, and thus, we follow flexible lending terms on each loan deal.

  • Competitive Interest Rates

    We are dedicated to helping you in each aspect of a loan. Therefore, our interest rates are competitive in the market.

  • Loans on Affordability

    We offer you the loans that you can afford. We check the borrowers’ credit scores to ensure no difficulty in repaying the loan.


At 24cashfinances, we have classified the business loan for new business into two categories:-

Business Finance Starts from 12 Months

  • Borrow from £5000 – £50000
  • Loan term up to 60 Months

Business Finance Starts from 24 Months

  • Borrow from £5000 – £100000
  • Loan Term up to 120 Months

What are the types of new business loans?

When someone requires business funding, lenders have the responsibility to offer various loan deals to follow the principle of ‘EVERYTHING is for EVERYONE’. As a responsible credit provider in the UK, we also present different new loans for small businesses. These are:-

  • Working Capital Loans: These are primarily the unsecured loans, and borrowers apply them for fulfilling their short-term business needs. Some of the uses of working capital loans are debt payments, paying the monthly rent, paying a specified staff salary for a particular project, and many more.

  • Business Term Loans: TThese are ideal for small or new businesses in the UK. We put in front of you several loan terms to choose anyone according to your affordability. However, you make sure that you have borrowed money by choosing the correct loan term to avoid any difficulty later.

  • Self Employed Loans: Yes, we have also included this category into our new business loans. The loans for self-employed people bring several benefits, such as borrowing on annual earning instead of past credit scores. These loans are ideal for young entrepreneurs and businesswomen.


How can I qualify my business for a new loan business?

You need to fulfil these conditions to make your company eligible for a start-up loan for a new business:

  • You must have crossed the age above 18 years

  • You must have an effective plan to have a new business in Scotland, Wales, England or Leeds

  • You must have completed a far-fetched business plan to walk further

  • You must be living in the UK for the last 7 years as the local Briton

  • You must have a roadmap of establishing self-employed, Limited Company or Limited Liability Partnership (LLP) in the UK

Chance to get new business loans on your business plan

Starting business afresh is not an easy calk-walk. You should have planned everything perfectly, and so does its implementation. However, you also have UK government loan for new businesses, business interruption loan schemes from peer to peer lending, or business term loan from NatWest, but approaching direct lenders like us for start-up loan for new business brings the advantage of flexible lending and quick loan approval.

  • Share with us your business plan template

    We are always ready to provide you with quick loan approval, but we suggest you to share your business plan and trading history with us as soon as possible. It helps us to frame the ideal loan offer that can match your business requirements. This is crucial especially for those businesses looking to be registered in England and Wales

  • Borrow from your earning instead of savings

    We follow the authorised and regulated business lending norms in the UK while offering business start-up loans. We do not suggest you use savings for managing the repayments. We only provide affordable loans that can be repaid from the income only.

  • Maintain the cash flow to ensure repayments

    Not the credit score, but your regular cash flow maintains the significance for the loan approval. As the responsible borrower, you need to ensure your lender about the proper repayments, which can only be possible through the perpetual cash flow.


Can I avail new start-up loans if I am unemployed?


You need to fulfil these conditions to make your company eligible for a start-up loan for a new business:

  • We fund your business plans to be self-employed from unemployed and without any worry of poor credit

  • Free mentoring from our expert financial advisers while getting a loan to start a business

  • Funding for the documentation process while seeking the registration number from the concerned authority

  • New enterprise allowance for accumulating money to get the registered office in any UK city of your preferred choice

  • Specialised business start-up grants for over 30s, who are ready with a business plan after getting unemployed

Does 24cashfinances offer new small business loans for bad credit?

We approve the business loan applications not based on borrowers’ credit scores. Instead, we are known for affordable loan deals even if related to new small business loans for poor credit. Unlike other online lenders in the UK, we have higher rates of almost 96% for the bad credit business loans on guaranteed approval in the UK.

Our wide ranges of new business loans for bad credit are:


Urgent Business Loans for Bad Credit

Do you need money to tackle any emergency? Apply for these loans and get the business funding within a few minutes.


Start-up Business Loans for Bad Credit

Get funding to your start-up without worrying about past credit mistakes. Borrow on your current performance.


Unsecured Business Loans for Bad Credit

There is no need for any asset to get business finance. Apply for the unsecured loans now.


Quick Business Loans with No Credit Check

We do check the credit score but to offer affordable loans. We can approve loans with no credit check only in the condition of good recent performance.


Same Day Business Loans for Bad Credit

Our exclusive loan deals are approved within 24 hours because of the online loan process with fewer obligations involved.

Apply now for new business loans available on both flexible and fixed interest rates.

Start-up Business Loans FAQs

How Can I Apply for New Business Loans?

You need to follow the following steps to apply for start-up business loans:-
  • Come online and fill out the online application form with mandatory details
  • Our representative will call you for further proceedings
  • Share your business plan via email and other requirements
  • Get a quick loan quote based on your business plan
  • Approve the loan quote, and we approve the funds for you

What is the risk involved in loan for new businesses?

The significant risk involved in new business loans is losing out the repayments. Therefore, it is essential to borrow funds according to your affordability. It helps in you paying the monthly instalments with ease and contributes to improving the credit scores too.

Can I Get New Business Loans with No Guarantor?

24cashfinances does offer you the chance to borrow funds with no personal guarantee, but there will be higher interest rates. Besides, you have to pledge an asset as loan security.

Can I Avail loans for new businesses without a Plan?

It would be better if you have a business plan to get adequate funding. It helps you in choosing the right loan deal with manageable interest rates and repayments. Besides, it also helps us in framing a suitable business loan deal.

Why Choose 24cashfinances only for New Business Loans?

Multiple reasons are there to approach us for the new loans for start-ups in the UK, such as:
  • 100% online application
  • Flexible lending terms
  • Same day loan approval
  • Suitable deals for any new business
  • Availability on bad credit score too