New Business Loans: Providing Startup Finance Options
Funding for every aspect of setting up, launching and running your new businessSpeak to one of our experts020 3318 2613
- No previous accounts required
- Individual arrangements
- Funding tailored to your business
- Sector-specific funding
- Rates from 2% over base rate
- Monthly repayments
- Government-backed loans
- Asset Finance
- Invoice Finance
- Merchant Cash Advance
- Secured Loans
Talk to Rangewell – the business finance experts
Lenders can make it difficult for new businesses to find funding. Without a trading history, lenders may demand high rates if they will lend at all. We know the lenders who will look at the future,not the past - and can provide the funding you need at a competitive rate.
At Rangewell we recognise your professional status, and we work harder to find you better solutions - which can include 100% finance for many of your needs.
If your business is a startup, or you’ve only been trading a few months, you already know that it is difficult to get the funding you need. Its future - and yours - could depend on getting finance now.
You can have the funds for your new business
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.
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.
REAL EXAMPLES OF WHAT WE CAN DO
Find HP funding for basic equipment – including hand tool
Source lease agreements for equipment from multiple suppliers in a single payment
Help set up the most appropriate finance arrangements for vehicles
Help set up funding secured on assets of all kinds – both business and personal
Find innovative solutions to help new businesses secure cash flow – such as Invoice Finance
Discover our range of finances
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
Funding to suit new business plansAt Rangewell, we work to support all kinds of new business. Our experience means we understand the challenges new businesses face. It also means we know the solutions, and can work with you to find funding solutions designed around your business plans.
Our funding expertise supports youAt Rangewell, we understand all types of business funding and have mapped thousands of funding products from hundreds of suppliers. We know the lenders that are most sympathetic to new businesses and we can help you make an application with the best chance of being approved.
Tailored fundingAt Rangewell we believe you need a tailored funding package, with different types of lending for specific purposes. Because we cover the entire business lending market, we can help you find the funding for each aspect of your business plans.
Expertise in your sectorOur team of business finance experts includes people who have worked in your sector. That means we can offer personal experience of the challenges you face, and of the ways to meet your needs.
Government-backed fundingGovernment start-up loans could offer the funding you need. At Rangewell, our expertise can help you secure the funding that is most appropriate for your business.
Scaleable fundingYour new business can grow quickly. Having the right, flexible funding that could grow with you could ensure that you can make the most of the potential.
Download Rangewell’s free and detailed guide to Funding a New Business
Why do you need a business plan?
What type of business finance is available?
Is there an early repayment fee?
What does the British Business Bank think about small business loans?
What is a typical loan amount and interest rate?
Can I be accepted within 24 hours?
Can I get support for my business' cash flow?
What do I look for in a lender who offers financial services?
Are New Business Loans only available to UK businesses?
Do I have to be a limited company to use the platform?
What if I've been trading for less than 12 months?
My business isn't registered in England. Am I still eligible?
My registered office is not UK based. Does this affect my application?
I've heard of Funding Circle. Are they on your panel of lenders?
Are small business loans used to start or grow my business?
What terms and conditions can I expect?
Why can't I just use a Personal Loan?
Is there usually an arrangement fee?
Is a New Business Loan the same as a Start-up Loan?
What do typical monthly repayments look like?
Do all lenders have to be authorised or regulated by the FCA?
Are Start-up Loans only for limited companies?
Is it possible to get a 60 month term?
Is ita goodidea to use business credit cards to start or grow?
Key terms for start-up businesses to understand, including repayment holidays and fixed interest rate
Download your Rangewell Business e-Book
Available in ePub, mobi and .pdf format
You and your partners, or co-directors if you have them, may need to make a personal guarantee to secure a loan for your business. This could affect your personal credit rating.
The money you borrow for your business will have to be repaid, with interest, from the profits you make. You must be confident that your business can generate the necessary funds.
The downside of a Secured Loan is that it means an increased risk to you, and could even put your home at risk if you could not keep up repayments.