Request A call Back Request A call BackA business loan is a loan for business purposes. The type of business loan you apply for is likely to depend on your business circumstances and why you need the money.
We are here to help to apply for a start-up loan to help get your business off the ground, a short-term loan to help ease cash flow issues, or a long-term loan to fund the expansion of your business. The rate of increase depends on the loan and the risk to the lender.
With banks, lenders and investors all offering financial support for businesses, picking the one that can suit your business best and successfully submitting an application can take a bit of inside knowledge and plenty of research.
While unsecured business loans are available, most loans for larger amounts or for longer periods of time may need to be secured against your asset.
The Income statement will be how a lender determines the affordability of your loan. It provides them with insights into how much your business brings in, your expenses and, of course, what is left over afterwards that can be used to pay off the loan.
Balance sheet will be the core source of your financial position. It will list assets, liabilities, net worth and more, to provide creditors and investigators with an overview as to how your finances are being managed and your current financial strength.
Focus Somar dedicated consultants help UK firms to access business finance. Please contact us and we are here to help you!
