Small Business Loans: Funding your potential

Reducing the cost and complication of borrowing makes it easier for your small business to move forward

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Current Terms Available

Scaled for your business

  • 1 to 60 months
  • No Minimum loan
  • Monthly rates starting from 0.35%
  • Non-status and full status

Simple

  • Simple monthly repayments
  • Adverse Credit – no problem
  • Minimal paperwork
  • Funding can be available in 5 – 7 business days

Versatile

  • Funds for any business purpose
  • Buy stock
  • Pay staff
  • support cashflow

Talk to Rangewell – the business finance experts

We know that your small business can face large-scale financial challenges. Fortunately, we also know the lenders who can help - with loans that are affordable and designed to fit your needs.

Whether you need to invest in growth, provide working capital or deal with a cashflow shortfall, a Business Loan can help you release the potential of your small business.

Traditionally, Business Loans were provided by banks, but since the credit crisis, a variety of new lenders have joined the market. They can often provide easier applications and faster decision making.

There are also two main types of loans.

Getting the right type for your business, and getting it from the right supplier, is essential to keep costs under control.

Reducing the cost

Lenders make decisions based on the risk that they might not get their money back. The higher the risk, the higher the rate they charge, and if the risk is too high they won’t lend at all.

A good credit history suggests that you will make repayments and reduces the risk.

Another way to reduce risk is to offer security.

What is security?

If you want to borrow a large sum of money, from £50,000 or more, you will probably need a Secured Loan.

They are ‘secured’ because the lender will require something as security in case you cannot pay the loan back. They’ll have legal authority to take the asset and sell it if you can’t make the agreed repayments.

Secured Loans are less risky for lenders, which is why they can have lower rates of interest than Unsecured Loans.

Buildings, machines and tools are often used, but it may also be possible to put your own home up as security.

Repayment terms can be more flexible with secured loans, making it easier for you to arrange repayments around your business needs.

The advantages of Secured Loans

Having security reduces the risk to the lender. This can allow them to offer a better deal than they might with Unsecured lending.

You can have longer to repay, and enjoy lower interest rates, meaning monthly repayments can be lower and easier to fit in with your cashflow.

Lenders may prefer Secured Loans for borrowers with an imperfect credit history.

Unsecured Loans

Unsecured Loans may be suitable for smaller sums. The lender will make the decision whether or not to lend based on a number of factors, including the credit rating of your business.

Nothing is required as collateral or security. This means if something goes wrong, and you’re unable to keep up repayments on your loan, the lender is not able to seize any of your assets. However, the lender will expect a personal guarantee from you and your partners and co-directors, which will mean that you would be required to make the repayments if your business could not.

Flexible lending

Unsecured Loan repayments can usually be arranged over 1 to 60 months, depending on the sums involved. Interest rates may vary according to the length of your loan and, with some lenders, you may be able to repay early, reducing the amount you pay overall.

Unsecured Loans mean more risk for lenders. Because of this they usually include higher interest rates than Secured
business loans, which means your business will pay more over the life of the loan than it might have done for a Secured Loan.

Getting unbiased expert advice can help you ensure that an Unsecured Loan really is best for your needs.

Why you need Rangewell to arrange the funds your small business needs

To get the loan that's right for your business you may need expert support.

At Rangewell we work across the entire lending market, and our service is unbiased as well as free. That means we will first help you decide whether you need a Secured or Unsecured Loan, then work with you to find the most appropriate lender and the most competitive rate.

We can also help you decide on the most suitable form of security to offer.

REAL EXAMPLES OF WHAT WE CAN DO

  • Find a secured loan of £15,000 for a company that had only been in business for three months

  • Source an unsecured loan of £3500 loan to repair a lift for a local garage

  • Set up a secured loan for a business that was already in a Creditors Voluntary Agreement

  • Find a small business a loan at a rate 50% lower than its owner could source himself

  • Find an unsecured loan to help for a small dress shop buy in a new season’s stock

Why you need Rangewell to arrange a loan

Finding the right lender is essential to minimise the costs of borrowing.

So if you want to arrange a loan, or simply want to look at what the most appropriate kind of loan might be and what it would cost, call us. Remember, if you are unsure about what kind of funding you need, or the best way to apply, our experts are ready to help.

We wanted to grow the business. Borrowing allowed us to buy in stock, new machine and take on new people.

We had a major client who was slow paying, a tax bill coming - and we needed to buy in stock. We borrowed our way out of the problems.

As a small company, it was difficult to find the funds to grow from our profits alone. We borrowed to pay for new stock, and business took off.

Helping you build your profits

The money you need, fast

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

Easy applications

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

Borrow for any purpose

You can borrow to invest in your business growth, or to deal with a short-term cashflow shortfall. At Rangewell we can help you find the right type of funding for your need.

Flexible

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

Scaled for your needs

You can apply for a small sum with an unsecured loan, or a large strategic loan secured on your assets.

Specialist lenders

Some lenders specialise in particular business sectors. At Rangewell, we can help you find the most appropriate lenders for your business.

Download Rangewell’s free and detailed guide to Small Business Loans

  • How do Small Business Loans work?

  • What are the options?

  • How can you apply?

  • What are the costs?

  • What are the restrictions?

  • What are the downsides?

  • Paperwork you need to provide with your application

  • Key terms to check

A Secured Loan may mean risks for you

A Secured Loan means the lender can seize other assets, possibly including your home if you don’t keep up repayments.

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.

The risk of loss

ANY PROPERTY USED AS SECURITY, WHICH MAY INCLUDE YOUR HOME, MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

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.