New Business Loans: Providing Startup Finance Options

There’s a problem. Many traditional lenders only lend to established businesses with years of audited accounts. Even the new breed of online business lenders usually want online accounts and VAT returns before they will consider an application. Plus there are many different types of small business loans and not all are available to new businesses.

At Rangewell, we can provide the solution. We can help you find lenders who are prepared to lend to new businesses – because we want your business to succeed.

Why won’t lenders lend to new businesses?

Lenders base their decisions on the risk that they will not be paid back. With a new business, with no trading history, they have no evidence that they will be repaid; they see the risk as too high and will not lend to you. It’s a big problem – but we can work with you to find the solution that will help you get your business up and running.

Secured Loans for new businesses

At Rangewell we know ways to help new businesses access the funding they need. One is to recommend a Secured Loan. Putting up assets, such as property, as ‘security’ means that the lender has a right to take them if your business is unable to make the repayments. This reduces the risk to the lender, making it more likely that they will be able to offer you the funds you need, especially compared with unsecured finance.

We also know which lenders are able to take a broader view - look at your experience running other businesses in a similar sector for example - and are most receptive to new business applications. Finding your business a low cost secured business loan may be your priority and we can show you the options available for your new business. 

Other types of loan for a new business

We don’t stop there. We can help you find other types of start-up finance to help your business succeed.

These include various types of Asset Finance, which can be a cost-effective way to spread the cost of the equipment you must have to work.

We can also find solutions to help you with cash flow issues such as Invoice Finance or Merchant Cash Advance.

Government-backed Startup Loans

Government-supported start-up loans are available for entrepreneurs looking to start a business. The scheme is designed for individuals over the age of 18 who have a viable business plan, but no access to finance. Call us to see how we can help you secure the funding you need.

Why you need Rangewell to find the finance that's right for you

We know that there are many kinds of business finance available for new businesses - from Franchise Loans to Asset Funding for equipment - but you need our expert help to find the funding that is right for your business.

At Rangewell, our team of business funding experts work across the entire UK funding market. We want to put our expertise to work to ensure your business can succeed. That means we work to understand your business, help you identify the type of funding and loan amount you really need, and then search the entire market to secure the most competitive deal.

Finding the finance you need

Whatever the kind of lending your new business needs, at Rangewell, we want to help. We have a simple 2-step plan.

Step 1 Your first step should be to prepare a business plan, with a forecast profit and loss, your balance sheet and your cash flow. This will show how much funding you need and help lenders or investors understand your business.

Step 2 We’ll help you use your business plan as a tool to help secure the funding you need. Because we work across the entire UK lending market, we know which lenders to approach.

So whether you're looking for finance to start adventure holidays and outdoor businesses to start-up funding for courier services - and every business in between, we can support your new venture with the funding it needs. To find out more about how Rangewell can look at your start-up finance options, call us now. And when you're ready to grow and take the next step, we can help support you with finance for scale-ups too.