Business Loans from Libra Finance

 

Any business owner will know that running a business is a risk – one that could pay off big time or one that could end up as a financial disaster. In the same way, all UK lenders that deal with business loans know that their investment (loan) holds the same risks. You will therefore not find a UK loan company that takes handing out business loans lightly.

I'm a home owner / mortgage payer*

If you own your house or are the mortgage
payer, then you may be able to benefit from
low monthly repayments...

I'm a tenant or renter

If you don't own your own home or pay a
mortgage, then we can still help with a loan
of up to 15k.

 

Although you can get many types of loan with just a quick and simple online application, business loans are handled a little differently. Firstly, most lenders aren’t going to take the sort of risk involved in these loans without looking in to it very carefully. You may think that your business is thriving and that there will be no problem repaying the loans taken out on it, but you have to convince the lender of that – and he’ll want hard evidence. As a result of this, you may need to call or make an appointment to see your chosen lender to discuss your needs more fully. Most UK lender will want to see paperwork relating to your company’s accounts, find out more about your business and what you need the loan for, and you may even need to provide projected income figures and an up to date business plan.

 

If you are eligible to apply for one of these loans for your business it is worth remembering that there are many deals out there and you could find a huge difference between the interest rates charged from lender to lender. One thing that the lenders may have in common is that they will probably want to secure this loan against some form of company asset so that if you fail to make the repayments they can recoup their losses by forcing the sale of the asset.

 

Providing you can supply the lender with enough information to convince him that you are not going to be a bad credit risk, you should have no problem finding a good deal on a range of loans for businesses. But if you do have to secure your loan against company assets you should think very carefully about whether your company makes a high enough turnover to meet your financial obligations otherwise you may end up losing the asset against which the loan is secured as well as damaging your credit. You can get loans for business from a range of online and high street banks and financial institutions, each of which will boast a variety of benefits and deals. With some careful research you can seek out the best deal for you and your business and then ensure that you are fully prepared before approaching the lender in question.

Libra Finance UK

a range of loans for any purpose

fast decision from our courteous staff

available up to 2.5 million

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OUR TYPICAL, VARIABLE RATE IS 10.9% APR. RATES RANGE FROM 7.4% APR to 27.60% APR THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.