Business Loans With An IVA
Get funding even if you're in an individual voluntary arrangement with RangewellSpeak to one of our experts020 4525 5312
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- Most types of funding available
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Business Loans With An IVA
An individual voluntary arrangement, or IVA, can provide much-needed support for managing debts. If you need further finance, however, being in an IVA heavily restricts your ability to borrow. Rangewell can help.
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If you’ve entered an IVA agreement, you’re generally in a poor financial position. However, that shouldn’t mean you can’t continue to grow a business – provided you can get the support of the right lender and the consent from your creditors.
Being in an IVA is a difficult challenge if you need to borrow more money. You’ll already have an agreed repayment window with your creditors, and there are strict limits on how you must repay them. In an IVA, you generally need permission from your insolvency practitioner to take out any new forms of credit. In addition, you’ll need to let them know if your income changes, which may be highly inconvenient when running a business month-to-month.
IVAs pose lots of issues for business owners. The key question is whether you can successfully maintain your business and turn a profit if you are forced to operate under such strict financial demands. Rangewell’s team can help you answer this by finding lenders who can lend to people with poor credit, including those in IVAs.
Whether you need to raise loans to fund business growth or repay your IVA early and build your credit rating back up, contact Rangewell today.
Can I get a business loan as an IVA customer?
IVAs place limitations on your ability to raise further loans, though if you can reach an agreement with your creditors, you will be able to approach new lenders.
Rangewell will act as your financial expert and navigate an agreement across both your creditors and potential lenders. We’ll sharpen your business plan and help you demonstrate the best values of your business, which will help mitigate your poor credit rating.
Get loans with an IVA
Being in an IVA is restrictive, but it shouldn’t be needlessly so – if there’s a good reason for you to raise further credit, such as to pay your suppliers to continue growing your business, getting a loan can help you maintain profitability and ultimately, be more able to repay your IVA.
Rangewell will take care of every aspect of the complex process to make raising a loan with an IVA as straightforward as it can be. Get in touch with our team today so we can talk through your options.
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Every type of finance for every type of business
Our goal is very simple - to help businesses find the right type of finance as quickly, transparently and painlessly as possible.
Helping you build your profits
Get our expertise behind your recoveryOur business finance experts have experience of practical solutions to the needs of businesses in difficulties. Our expertise can often help identify new sources of funding.
Innovative approachesWe take an innovative approach to funding – we can help you find new ways to raise the funds your business needs to recover.
Specialist fundersWe know the lenders who specialise in lending to businesses in difficulties. Because they understand the challenges and opportunities your business faces, we can help you secure the finance you need.
Flexible repayment termsPayments can be fixed for most forms of finance, making it easier for you to plan how you will deal with your commitments.
Any scale of fundingThere are alternative providers for all scales of funding. You can apply for a small sum with an unsecured loan, or a large, strategic loan secured on your assets.
Working with you for the long termWe understand that a turnaround may demand ongoing financial support. We want to work with you for the long term, helping you find financial solutions as you need them.
Download Rangewell's free and detailed guide to borrowing with impaired credit
How getting the right funding must be part of your turnaround plans
What are the types of business lending – which do you need?
Why not all providers are equal – finding those that can help
How we can help you pay less
The downsides to finance – and how to avoid them
Making arrangements; What paperwork do you need?
Key terms explained