Bank Loan Alternatives: Lenders who can say 'yes'

If conventional lenders can't provide the funds you need, we know those who can.

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Current Terms Available

Affordable

  • All scales of lending
  • No Maximum
  • Competitive rates from 2% above base rate
  • choice of terms

Dependable

  • Mainstream lenders
  • Adverse Credit – no problem
  • Help and support
  • Funding can be available quixkly

Flexible

  • Funds for any legal purpose
  • Pay suppliers
  • Pay staff
  • Fund development

Talk to Rangewell – the business finance experts

Traditional bank loans can be costly and hard to arrange. We search the entire market to find lenders who can deliver the business funding you need and the most competitive rate

When you need a business loan, your bank is the traditional provider – but these days, many banks can’t help.

Since the credit crunch, many traditional banks have been tied up with rules and regulations, and seem to have turned their backs on small business lending.

Getting the lending you need through traditional channels has become almost impossible – particularly if your business has only been trading for a short time.

However, while the traditional banks can’t, or won’t, help, a new generation of business lender has sprung up to fill the gap. At Rangewell, we can help you find alternatives to bank loans.

Who are the new loan providers?

There are many business lenders who can adopt a more flexible approach to lending. These include newcomer banks, as well as specialist lenders who work mainly online, and even peer-to-peer lenders.

Challenger banks may be more flexible than the established high street banks. They may have simpler application requirements with reduced paperwork, and are usually able to move more quickly on making a decision.

Peer-to-Peer (P2P) or P2P lending can provide businesses lending through online services that match lenders with borrowers. These may offer competitive unsecured loans, but the process can be long and complicated, and an application may simply not attract investors.

Online lenders can make decisions much faster. Some will allow you to support your application by uploading documents electronically, and by allowing access to online records. Some are able to put funds in your business bank account on the same day that you apply.

Specialised lenders can provide loans to businesses that might not meet the criteria of mainstream business lenders. If you are a startup with no business history, have an adverse credit record or work in a sector with unusual funding needs, a specialist lender may be able to provide a solution.

Other alternatives to bank loans, including Invoice Financing, Merchant Cash Advance, and Inventory Finance, can also provide alternative methods of raising cash for your business.

Why you need Rangewell to arrange an Alternative Business Loan

The new alternatives to bank lenders can mean more ways for your business to get the funding it needs, but the additional choice means that you need expert help and support to get the funding that's really right for you.

Not all types of lending may be suitable for all business purposes. Some lenders specialise in providing loans for individual business sectors.

Finding both the right type of loan and the right lender are essential to secure the funding you need at the most competitive price.

At Rangewell, we can provide the expert help you need. We have mapped the entire UK lending market, and have excellent relationships with all the providers of commercial lending. We can help you select the most suitable provider for your business and your financial circumstances.

Our expertise works to give you an important advantage. Because we can compare all the various providers, we can help you find the most appropriate type of funding, and the most competitive deal. If your need is urgent we can help you find a lender who can provide funds quickly - and if you have circumstances that might affect a lender’s decision, such as adverse credit history - we can find the lenders who may be able to take a flexible view.

REAL EXAMPLES OF WHAT WE CAN DO

  • Find a lender to provide a £60,000 secured loan for a company that had been in business for under three months
  • Source funds to support a high-street name through a turnaround
  • Set up funding for a service business that was already in a Creditors Voluntary Agreement
  • Find a manufacturing company the loan it needed at a rate 50% lower than it was first offered
  • Source the most competitive lending to fund an ambitious growth plan for a small business

Why you should call us now

Preparing an alternative overdraft or other type of bank loan before you need it is a prudent way to increase the financial resources you can call on.

Arranging a facility will cost you nothing if you don’t draw down the cash – but simply knowing you have a financial resource could mean valuable peace of mind, and increase the flexibility of your business.

Call us now.

We needed to borrow, but our bank couldn't help, although they had in the past. With Rangewell's help we had a lender who could say yes.
We needed to raise cash fast to fund a big order. We had the money we needed the same day.
We wanted to expand, but that takes money we didn't have. The bank said we couldn't have it, but Rangewell showed how it was possible.

Helping you build your profits

Most businesses need to borrow

Whether you need to invest in growth, provide working capital or deal with a cashflow shortfall, a business loan can provide the answer.

Easy applications

Many alternative lenders can accept online applications, and while some may want to see accounts and projections, some may require no paperwork at all.

The money you need, fast

Arranging an alternative business loan can be done in hours. Some lenders can even get money into your business account on the same business day that you apply.

Flexible repayment terms

Your repayments can be fixed, so you can budget ahead – but many alternative lenders accept early repayment, which can cut interest costs.

Alternative loans at any scale

There are alternative lenders for all sizes of loan. You can apply for a small sum with an unsecured loan, or a large, strategic loan secured on your assets.

Knowing the right lenders

Some alternative lenders specialise in particular business sectors. At Rangewell, we can help you find the most appropriate lenders for your business. Read more about Bank Loan Alternatives

Case Studies

See the full picture, download our e-book on alternatives to a bank loan

Rangewell Ebook - See the full picture, download our e-book on alternatives to a bank loan
  • What are the alternatives to traditional lending?
  • What do you need to consider when choosing the lending that is right for you?
  • What are the real costs – and why the right lender can reduce them
  • The downsides of borrowing

  • What paperwork you need
  • Guarantees and security
  • Key Terms to check

The costs of alternative lending

The cost of taking any business loan may depend on the risk to the lender. Some alternative lenders may be prepared to accept a borrower who presents a risk, but will charge a higher interest rate.

Your credit rating may be affected

Your personal, as well as your business credit rating may be affected if you don’t keep up repayments on a business loan.

You may need a secured loan

Your loan may need to be secured, and your home or other assets used to provide the security. This means that they could be at risk if your business cannot make the repayments.

Our service is...

Impartial

Transparent and independent, treating all lenders equally, finding the best deals.

In-depth

Every type of finance for every type of business from the entire market - over 300 lenders.

In-person

Specialist Finance Experts support you every step of the way.

Free

We make no charge of any kind when we help you find the loan you need.