Are you a start-up business looking for a loan? Well, a business loan could be an ideal option for your situation. Business loans are becoming more popular as the number of businesses is increasing. If you are in need a quick injection of cash for your business an unsecured business loan could offer the best solution.
What are Business Loans?
Business Loans are similar to large personal loans. They are loans which are borrowed to help either set up a new business or help one which is struggling. With Simple Personal Loans, we can help you get your hands on up to £35,000 for your business. Perhaps you’re in need of some extra funds to get your business into action and help you get to where you want to be. Not to worry, we can help.
How do Business Loans work?
Once you have applied and your application is approved, your funds will be with you in no time! Here at Simple Personal Loans, we have access to the UK’s largest and best panel of lenders meaning that you will receive your loan within a few days or even within an hour. You can repay your loan in fixed, monthly instalments. This could be every month for 1 year or every month for 6 years, depending on what you choose.
Am I eligible for a Loan?
Before applying for a loan you must ensure that you fit the eligibility requirements of the lenders and brokers in the UK. To be eligible you must:
- Be aged 18 or over
- Be employed or have a stable source of income
- Live in the UK or be a UK resident
- Have an active bank account
- Have a valid debit card for this account
- Hold a valid email address and phone number
What are the advantages of Business Loans?
Business loans which are offered by UK lenders can massively help your business. So, here are some of the advantages:
- Smaller monthly payments. Your loan doesn’t require you to pay it back at once. You will be able to pay it in smaller monthly instalments which is a percentage of your overall amount including interest every month.
- Use for any purpose. There are no limits to how you use this type of loan. Similarly to a personal loan, we advise that you use your loan wisely. Along with this, you should make sure that you will be able to repay it before you borrow it.
Applying for a Loan
Applying for a loan through Simple Personal Loans is easy, just visit our home page and click the ‘Apply Now!‘ button. This will take you straight to the application page which you need to complete and submit. Following this, our lenders will review the information and decide if they can provide you with your desired loan. If they can’t, we’ll let you know and possibly offer some alternatives.