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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 or alternative financing options, give us a call at 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 and discover the financing options available to your business? 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 cash flow finance 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 more immediate business finance needs – 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.

Fast Business Loans FAQs

What is a fast business loan?

A fast business loan is a loan that is issued quickly, in comparison to traditional loans. There are a number of benefits to obtaining a fast business loan. The application process is typically much quicker than with traditional loans and you can receive the funds within days, or even hours, which can be helpful in an emergency situation.

If you’re looking for a way to finance your business, consider applying for a fast business loan.

What types of quick business loans are available?

There are a couple of different types of quick business loans available. One type is an unsecured loan, which is a loan that does not require collateral (personal guarantees are required) or charge over property. This type of loan is typically offered to small businesses that have been in operation for at least 3 months and have a good credit rating.

The other type of quick business loan is a secured loan. This type of loan requires collateral, such as the assets of the business or a charge over a personal or commercial property. Secured loans can be obtained by any business, no matter the amount of time they have been trading, even businesses that are pre-trade can obtain a secured business loan, providing they have sufficient security to support the loan request.

The quick business loan you will be able to secure will depend largely on your type of business and your business performance prior to applying for the loan. To know which you qualify for and which is the best option for your business, get in touch with our team.

How do quick business loans work and is it the right loan solution for your business?

There are a few different types of business loans, but quick business loans refer to loans that are approved and funded within a shorter timeline than usual. This can be helpful for businesses that need money fast, but it’s important to make sure that a quick loan is the right solution for your business.

With any type of loan, you’ll need to repay the borrowed amount plus interest and fees. Quick loans may have higher interest rates than traditional loans, due to the speed in which they can be provided, so you’ll want to make sure that you can afford the payments. You should also consider the purpose of the loan and whether a quick loan is the best option for that purpose.

What are the advantages and disadvantages of quick business loans?

There are a few advantages to quick business loans. They’re typically easier to get than a traditional bank loan, and the turnaround time is much shorter. This can be helpful if you need money quickly to cover an unexpected expense or take advantage of a new opportunity.

However, there are also a few disadvantages to consider. Quick business loans may have higher interest rates, so they can be expensive in the long run. And since they’re designed for businesses that need money quickly, the approval process is typically less rigorous than for traditional loans. So if you’re not sure you can afford the payments, it’s important to review your unique situation and do your research before committing to the process.

What are the pros of a business cash advance?

One of the main advantages of a business cash advance is that you can receive funding quickly and easily. This type of financing is typically very easy to qualify for, and you can often get the money you need within a few days. This can be a big help if you need money for unexpected expenses.

Another benefit of business cash advances is that they are relatively flexible. You can typically use the funds for any purpose, and you don’t have to put up any collateral. This makes them a good option if you need financing but don’t want to put your personal assets at risk.

How can you do a quick business loan application?

Whether you’re looking for a business loan to start a new venture or expand an existing one, the process is generally the same. You’ll need to fill out a loan application and provide some financial documentation to the lender.

The most important part of the loan process is putting together a strong loan application. This is your chance to show the lender that you have a solid plan for using the loan money and that you’re a good candidate for credit. Make sure to include all key information about your business, such as your business history, financial projections, and what you’ll be using the money for.

If successful, the funds will be deposited into your account quickly so you can get started on your project with little delay.

How fast can I get a small business loan?

It depends on the type of business loan that you’re seeking. For unsecured loans, you may be able to receive the funds within a few days. However, for secured loans, the process may take a bit longer as the lender will need to review your collateral. Contact us to learn more.

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.