Secured Company

Firstly, you need to be clear about what you’re using the loan for, how quickly you need the loan, how much you want to borrow, how long for, and how you’re going to pay it back.

You also need to investigate who you may be able to borrow from and how much the loan will cost to ensure you get the best deal. As well as high-street banks and building societies, these days there’s a range of other lenders with different lending criteria and specialisms who you may be able to borrow from. These include challenger banks, independent lenders and smaller specialists.

Once you know what you need, you can look around for your best options.

To make the process as smooth and painless as possible, you’ll need to make sure you’re well prepared. The eligibility criteria will vary depending on the type of loan and the lender, but generally, you need to be able to show that your business is profitable and that you’ll be able to pay the loan back.