Short Term Finance: Boost your cashflow without long term commitments

When you have unexpected costs or a big opportunity, Short Term Finance can provide the cash you need without affecting your long term plans

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Simple

  • Rates from 4.9%
  • £5,000 to £25,000 routine
  • Funds may be available in days
  • Provide working capital

Fast

  • Fixed interest, short term
  • Adverse Credit – no problem
  • Funds for any legal purpose
  • Simple and fast to arrange

Effective

  • Improved cashflow
  • Reduce financial risk
  • Ideal for funding growth
  • Minimal paperwork

Talk to Rangewell – the business finance experts

We know that your business faces financial opportunities and challenges every day. We can help you find lenders who can provide simple, cost effective short term solutions.

You may be confident about planning ahead for your long term financial needs, but there are many reasons why your business could still find itself in need of short term finance.

Some can be challenges you may need to find financial answers to. You might need to find a fast answer to short-term challenges, like an unexpected bill from a supplier or the taxman, or a seasonal downturn that leaves you with a reduced cashflow. 

But you could also find that an opportunity comes along that is too good to miss, even if your cash reserves are short.

Buying in stock or equipment at a bargain price, taking on a new contract that needs gearing up to deliver, or simply funding the next step in your expansion plans could all be easier with extra cash. Access to finance is vital, but you might be wary of making a long-term financial commitment simply to answer a short-term lead.

Short-term Finance is designed to provide the cash you need when you are in sudden need of temporary capital with instant access to funds without the long-term commitment. It lets you repay in a matter of months, reducing the cost of your borrowing overall, and letting you minimise the effect on your cashflow.

Your bank may not be able to help

The traditional answer to short-term funding needs was to turn to your bank. But many high street banks have made lending more difficult in the wake of the 2008 credit crunch. Even those who may be prepared to provide overdraft facilities will place strict limits on the total amount of credit they can advance your business.

Fortunately, at Rangewell we know the many new lenders who have come to the market in recent years, including those specialising in Short-term Finance.

Simple access to the funds you need

Short-term loans are ideal for businesses in need of an injection of cash, who don’t want to be paying off debt for years to come. Most agreements are under 12 months in duration.

They can provide significant funds – amounts of £5,000 to £25,000 are routine, and it can be possible to borrow considerably more.

They can be simple to arrange. With most types of Short-term Finance, the lender will make a full, upfront transfer directly into your business bank account as soon as the loan is agreed. However, unlike most forms of business borrowing, repayments are usually structured over a few months rather than a number of years, helping you clear your debt and remove any drain on your cashflow in the shortest possible time.

Unsecured borrowing

Most Short-term Finance is unsecured, which means it is not secured against your assets or those of your business.

This means that if your business does not repay the loan, the lender cannot seize your assets. This decreases the risk to you, although it increases the risk to the lender, and the interest rates may be a little higher as a result.

You will, however, need to agree to a personal guarantee to repay the loan, which means that the lender will approach you as a director if your business fails to pay.

Unsecured borrowing is often used to provide cash lump sums of up to £25,000.

Secured borrowing

It may also be possible to arrange short-term lending as Secured Finance, which means that lending will be secured on assets such as your business premises or your home. This can reduce interest rates, although the application process will take considerably longer. Because it is necessary to provide a value report on the assets used, it may take 3 weeks to complete the decision-making process.

There is no set limit to the amount you can borrow with a secured short-term loan. If your business has sufficient cash flow, and a sound business case which will show how you will use the money and how it will generate the funds to repay, it is often possible to provide £million plus funding deals.

The funds you need fast

One major advantage of Unsecured borrowing is the speed at which lending can be arranged. Having cash can be vital when you want to secure a bargain, or to find the fastest solution to a challenge.

With smaller sums, it is often possible to provide the whole decision-making process from application to transfer of funds into your business bank account in as little as three days, and some providers may be able to provide funding even faster than that.

With online providers paperwork will be minimal, ensuring that your application can be processed and your funds released in the shortest possible time.

REAL EXAMPLES OF WHAT WE CAN DO

  • Help arrange funding for a building supply company to buy in stock at a bargain price

  • Find an arrangement for a plastics company needing to replace key equipment to restart production

  • Find finance to let a clothing company buy in material

  • Source funding to help an engineering company meet a major tax bill when a customer was slow in paying

  • Arrange funding for a sweet manufacturer to cover the costs of their first export order

How Rangewell can help

Short-term business finance can be used for almost any business purpose, and can provide answers for businesses working in almost every sector.

However, rates can vary greatly, and finding a lender who can offer the most competitive terms for your business can mean looking at the offerings of many lenders throughout the entire market.

At Rangewell, we work with specialist lenders who can not only provide you with the funds your business needs, but which have a proven track record supporting similar businesses. As we specialise in lending to businesses, we understand your finance needs

Our financial expert can discuss your needs, and talk to lenders throughout the short-term business finance market. It means we can find the funds you need at rates you can afford and help you get the agreement and the funds you need faster, and if you have any queries or need support, our friendly and professional lending team is on hand to help you.

What people say about short term loans...

Very useful, fast service from Rangewell. We were able to apply and draw down our funds within two working days.
We saw a bargain when a large supply of stock became available from a competitor was closing down. We didn’t have the cash, but a short term loan helped us secure the funds we needed.
Our packaging machine went down, and production ground to a halt. We got a short term loan to replace it, and we are more productive than ever

Helping you build your profits

No long term commitments

Spreading out loan repayments over a long period can have a negative impact on your future cashflow. Short term business loans are ideal for businesses in need of a quick capital boost coupled with the capacity to repay the balance in just a few, affordable repayments.

Multi purpose loan

From tax and utility bills to emergency repairs and asset upgrades, short term business finance can be invested almost anywhere within your company.

Funding, fast

These loans are designed to be easily accessible, with funds usually transferred within days or even hours of approval.

No need of collateral

Most short term finance is unsecured. This means that is not based or secured on assets held by your business - reducing your risk.

Fixed costs

Repayments are fixed and agreed upfront, helping you ensure your payments can fit your budget.

Fast to arrange

Time is money - the faster you can bring in the money your business is owed, the more business you can do.

Download Rangewell’s free and detailed guide to Short-Term Business Finance

Rangewell Ebook - Download Rangewell’s free and detailed guide to Short-Term Business Finance
  • What types of Business Finance are there - e.g. Working Capital Finance, Trade Finance - and which do you need?

  • Why not all providers are equal - finding the one that’s right for you

  • The downsides to Business Finance - and how to avoid them

  • How to arrange Business Finance - what paperwork do you need?

  • Key terms explained, including Term Finance, what are Long-Term and Short-Term Loans, and more.

Interest rates may be high

Short term Unsecured business finance carries a higher rate of interest as compared to other sources of finance.

Suitable for high margin business

Thus it becomes imperative for the borrower to be aware of his credit score, which he or she can use to get good rates.

You may be personally liable for repayment

With most forms of short term fiance being unsecured, you may have to undertake to be personally liable to make the repayments as a director of your company.

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.