Most businesses need a financial helping hand to either get them off the ground or expand and a medium to long-term business loan can be one of the best ways to get funding. It’s not as easy as it once was to find business loans, but the major banks still all offer them and if your business plan, credit score and homework is all in place, it’s certainly worth applying.
MoneySuperMarket doesn't offer a comparison service for this type of product, but we have compiled a list of lenders below who can help.
Medium to long-term business loans
UK’s leading peer-to-peer business lender
Fast and simple business loans from £5k to £1 million - without the banks.
Borrow from a community of thousands of people together with the Government-backed British Business Bank, local councils and universities.
Quick & convenient process:
> Check your eligibility in 30 seconds
> You'll hear from Funding Circle within two working days of completing your application
> Loan terms from six months to five years. No early repayment charge.
Flexible loans: borrow for working capital, expansion, property, asset purchase and one-off business expenses.
Now open for non-limited companies (sole traders and partnerships) to apply for a loan.
Business Funding Scheme - Local Government is lending millions through Funding Circle to support UK businesses.
Minimum criteria: Two years+ filed accounts at Companies House or formally prepared accounts for non-limited businesses, minimum turnover of £50k and a good credit score.
Ortus Business Finance