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We specialise in all aspects of Residential & Commercial Lending; we are your guiding partner throughout the borrowing process.

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Business Loans

Every growing business is going to need a business loan to reach their goals at some point, whether it’s to invest in staff training or to upgrade equipment that’s slowing down processes. Our experienced team will guide you through the entire process.

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    With 1000+ exclusive mortgage products, you can be sure that we will find the perfect deal for you.

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THE BUSINESS LOAN BASICS YOU NEED TO KNOW

Every growing business is going to need a business loan to reach their goals at some point whether it’s to invest in staff training or to upgrade equipment that’s slowing down processes. But despite business loans being common, they can be confusing when you’re first faced with the task of not only selecting the right loan type for you but applying.

But don’t panic here we have all the basics you need to know and can offer support when you need it most.

What’s a business loan used for?

A business loan can serve a huge variety of purposes. They’re there to provide your business with a capital injection when you need it. It gives you a certain sum of money that you’ll pay back over a defined period of time through monthly payments with interest added on.

You can access both short-term finance options where the money is borrowed for up to a year to cover cashflow and smaller investments. Or you can obtain larger sums of money over many more months typically used for finance bigger projects. What you do with the money is up to you although some lenders will want to know the details before handing over their cash.

Like a personal loan, the rate you’re offered on a business loan will vary depending on several factors from your credit score to your average monthly income.

What’s the difference between a secured and unsecured business loan?

The first step to figuring out what business loan you should be applying for is to decide between a secured or unsecured loan. If you’re not sure what the difference we got you covered.

Secured business loans are taken out against something that your business owns, giving your lender assurances that they’ll be able to recoup costs should you fail to make repayments. The collateral can be a variety of things, from property that your business owns to specialist equipment. In contrast, unsecured loans give you access to money without having to use collateral.

Secured loans will usually give you access to better lending rates as you pose less of a risk. However, being approved for a secured loan is often a long process and it’s not suitable for all types of business such as firms that have few valuable assets.

Whether you’re interested in a secured or unsecured business loan, Revolution Finance Brokers can help you throughout the process ensuring all your paperwork is to improve efficiency. With a vast network of over 80 lenders, we have the connections to help your business receive the finance it needs.

Check out our handy calculators

Our quick mortgage calculators are designed to give you an indication of how much you can borrow and allow you to consider the different mortgage options available to you.

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FCA disclaimer

*Based on our research, the content contained in this article is accurate as of most recent time of writing. Lender criteria and policies change regularly so speak to one of the advisors we work with to confirm the most accurate up to date information. The information on the site is not tailored advice to each individual reader, and as such does not constitute financial advice. All advisors working with us are fully qualified to provide mortgage advice and work only for firms who are authorised and regulated by the Financial Conduct Authority. They will offer any advice specific to you and your needs. Some types of buy to let mortgages are not regulated by the FCA. Think carefully before securing other debts against your home. As a mortgage is secured against your home, it may be repossessed if you do not keep up with repayments on your mortgage. Equity released from your home will also be secured against it.

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