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Quick Business Loans For UK Companies

Finding the right financing options for your situation has never been easier. Our quick business loans can be used for any purpose including cash flow, to purchase equipment, VAT or tax bills, stock and even marketing. Unsecured & secured business loans can work as short term working capital for any type of business. Receive the funds directly into your business bank account within as little as 8 hours.

Millbrook Business Finance

  • 8-hour Funding Available

  • Competitive Rates Available

  • Terms from 3 months to 10 years

  • Quick and Simple Application Process

  • Funding For Any Legitimate Business Purpose

What Is A Business Loan?

A business loan is exactly that – a loan to a business. Funds are paid directly to the borrower and can be used for any purpose. Generally, it is considered that there are 2 main types of business loans – unsecured and secured.

How Do Unsecured and Secured Business Loans Work

Unsecured business loan financing options do not require security over assets or property. These types of loans are great for businesses that do not own many assets and would prefer not to offer security or for a business that needs funding quickly. An unsecured loan can be arranged within as little as 8 hours and facilities range from £10,000 up to £500,000.

A secured business loan is backed up by security. Security is usually a valuable asset that is either owned by the business or its directors/shareholders. Typically, assets refer to tangible items such as vehicles, machinery and commercial or residential property. These types of loans are suited to businesses who need to borrow in excess of £500,000 as short term working capital or would like to repay over a longer period of time such as 10 years.

successful deal after great meeting

Why Would You Want an Unsecured Business Loan?

You may want an unsecured business loan if you want to borrow more than your assets are worth, or if you want to avoid offering particular assets as security.

How Are Unsecured Business Loans Paid Back?

Paying back an unsecured business loan is very simple and straightforward. All you have to do is agree to make a fixed monthly payment at a pre-agreed interest rate. The payments are made over the loan term until the amount you have borrowed, including interest has been fully paid back.

Can I Get an Unsecured Business Loan With Bad or Poor Credit?

At Millbrook Business Finance, we try our best to ensure we can provide unsecured business loans to businesses with poor credit ratings or funding for start up. As there is an increased risk for us, the lender, businesses with a poor credit score often receive a lower loan amount, have a shorter repayment period and have higher interest rates. If you have a poor credit score and want to find out how much you can borrow, give us a call on 0333 015 3301 or fill in this contact form.

 

Which Type of Lending Is Right for My Business?

As we offer a wide range of alternative financing options such as asset finance, invoice finance and commercial property finance, it’s hard to determine if using security or unsecured business loans is ‘better’ for your business.

Determining the type of business loan which is most suited to your business is likely to be decided by the amount you wish to borrow, the repayment term you require if you need short term working capital,and the timeframe in which you need the funding. To help you decide, we have put together a comparison table below.

Prefer to speak to one of our business loan specialists? Simply call us on 0333 015 3301 or request a call back at a time which suits you.

Business meeting

Securing your commercial property

Fast Business Loans – 8 Hour Funding Available

At Millbrook Business Finance, we are able to provide 8-hour funding. Business loans can be an urgent matter, and at times your cashflow requirements cannot wait for the usual week’s/months that traditional banks take to provide a business loan. Millbrook’s fast business loans are available to support a more immediate business finance need – whether that’s for a growth opportunity or support in a quiet period.

From secured to unsecured loans, fast business finance/loans are suited to your business. Repayment terms can range from short-term to long-term, such as 10 years. Speak to our team of specialists today on 0333 0153301 or use our contact form.

How To Apply For A Business Loan?

We don’t require business plans or complicated forecasts, so applying is simple and takes a matter of minutes.

Step 1
Enquiry – Submit an enquiry via our online form or speak with an account manager by calling 0333 015 3301.

Step 2
Application – A finance application will be submitted to an underwriter with a decision granted typically within 48 hours.

Step 3
Approval – Finance Approved. A copy of your finance agreement is sent to you for completion.

Step 4
Payout – Upon receipt of your signed agreement, we process, activate and release funds.

Why Millbrook Business Loans?

Simplicity

Our application process is simple and straightforward.

Fast Turnaround

Receive your business loans funds within as little as 8 hours.

Terms from 3 months to 10 years

Millbrook offer flexible loan terms to cater for all business types.

Competitive Rates Available

Our unsecured and secured business loan interest rates are extremely competitive.