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Fund Expansion Pay Suppliers Employ Staff Buy New Equipment Pay HMRC Improve Working Capital Grow Purchase Stock
Apply in minutes, there’s no affect on your credit score and you can get a decision within 24 hours.
“I highly recommend any business looking to improve cash flow to speak to Terry and the team he has at Adept.”
“I highly recommend any business looking to improve cash flow to speak to Terry and the team he has at Adept.”
£50k+ annual turnover
6 months+ trading
Apply for £10k to £2m
All credit profiles considered
We Make Business Loans Easy
Our experts take all the stress and confusion out of applying for finance
Apply online in minutes
To get things started, share some basic information about your company and how much you’re looking to borrow with us. Applying does not affect your credit score.
Review your offers
Our LoanTech decision engine will save you hours by telling you in minutes how much you can borrow and which lenders you can apply to.
Get funded
We discuss the available options with you and manage the application process through to completion. Funds can be available in as little as 24 hours.
Business Loans: Secured or Unsecured?
Business loans are offered in both secured and unsecured variations.
Secured loans are backed by an asset that the lender can claim if repayments falter.
Adept, however, generally arranges unsecured loans. These do not tie to a specific asset, offering greater flexibility, but they often necessitate a personal guarantee from the borrower.
What is an unsecured business loan?
Unsecured business loans are a type of financing where no collateral is required to secure the loan.
This means the borrower does not have to pledge assets like property or equipment as security.
These loans are typically based on the creditworthiness of the business and its owner.
Unsecured loans are an ideal solution for businesses that may not have significant assets but need funds for expansion, cash flow management, or other operational expenses.
What are the Benefits of Unsecured Business Loans?
Faster funding with less risk so you can grow with confidence
Faster Funding
Unsecured loans ditch the collateral requirement, streamlining the application process to get you financed quicker.
Protect Your Assets
No collateral means no risk of losing equipment or property if you hit a rough patch.
Ideal For Start-Ups
Even new businesses or those without a ton of assets can qualify for unsecured funding.
Boost Your Credit Score
On-time repayments improve your business credit score, making it easier to borrow again on better terms.
Any Purpose
Unsecured loans can be used for a variety of business needs, from inventory purchases to marketing campaigns.
Simple Application
Less paperwork means less time wrestling with applications and more time running your company.
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What can Business Loans be used for?
Business loans are versatile and can be utilised for any valid business need. As the business owner, you are the expert on your company and its objectives, allowing you to decide where the loan is best invested:
Improving cash flow
Buying equipment
Hiring staff
Purchasing inventory, materials or stock
Refinancing existing debt
Marketing and advertising
Covering staff wages
Operating costs and expenses
What Our Clients Say
Frequently Asked Questions
What is a business loan?
In simple terms, a business loan is money borrowed by business owners to cover various expenses. As a borrower, you have the flexibility to decide how much you need to borrow, over what period, and for what specific business purposes.
Once your application is in process, lenders will assess it to decide if they are willing to provide all or part of the funds you require, and at what rate of interest. Understanding that every business has unique needs, we take an active role in comparing different loan packages and lenders.
This approach is instrumental in helping us understand and present the best options available to your business, ensuring that you get a loan that aligns with your financial goals and operational needs.
How do business loans work?
Business loans serve as a financial tool for sustaining or expanding your enterprise.
Essentially, they allow you to borrow funds for various business needs. You can repay these loans in regular monthly payments, which include interest. The duration over which you repay the loan is known as the term. Utilising business loans is a standard practice for managing fluctuations in company cash flow.
Additionally, they provide vital support for investment and seizing growth opportunities that might be unattainable due to limited working capital or the hesitance to allocate substantial cash reserves.
How do I qualify?
Qualification criteria include your business credit score, annual revenue, time in business, and a solid business plan. Some loans require collateral as well.
How much can I borrow?
Loan amounts vary, from a few thousand pounds to millions, based on the lender and your business’s financial health.
What sort of interest rates can I expect?
Interest rates differ greatly, influenced by the loan type, lender, your creditworthiness, and market conditions.
Are there government backed business loans in the UK?
The UK offers government-backed loans and schemes, with resources available through organizations like UK Finance.
What happens if I can't repay?
Failing to repay can result in legal actions or seizure of collateral. Communicating with the lender for a revised plan is key.
Can I pay off my loan early?
Many lenders allow this, but some might charge a prepayment penalty. Check your loan agreement first.
Can I get a loan with bad credit?
It’s possible, though challenging. Some lenders cater to businesses with lower credit scores at higher interest rates.
What documents are needed to apply?
Required documents often include bank statements and personal identification.
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Prefer to talk? Call us on 0208 137 0105