Quick business loans

Access the best rates and deals for unsecured and secured loans, including asset finance, cash advances and more. Our business loans are suitable for any size company, and we’re able to make decisions in as little as 24 hours. See how much your business qualifies for today and prepare to see significant business growth!

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What Are Business Loans?

Business loans are available in a number of formats, and providing you have a sound credit history and a solvent company, we should be able to identify a number of solutions for your business (there are options available for those with poor credit, of course).

If you’re new to business loans, it can seem quite overwhelming when you’re trying to work out which type is most suitable for your needs. Below you will find a short overview of each business loan we offer at Aurora Capital, and you can find more information on each loan in the FAQ section.

If business loans are not what you’re looking for, why not look into property finance or cash flow finance?

Discover the Different Types of Business Loans

Business loans are a general term that covers several separate business funding products that we can offer at Aurora Capital. Find out more about each of our available business loans below.

Recovery Loan
Scheme

A government-backed loan facility that can be used for any business expense including growth, bills, staff, marketing and more.

  • Loans from £1k-£10m
  • Terms from 1-6 years
  • No personal guarantees up to £250k

 

Unsecured
Loans

A quick and easy way to raise funds without the need to secure any assets. You could raise up to £500k and have funds in your account within 48 hours.

  • Loans up to £500k
  • Terms up to 6 years
  • Decisions in 48 hours

Secured
Loans

A business loan that is secured on either a residential or commercial property. With loans up to £2m, this could be a great facility to expand your company.

  • Loans up to £2m
  • Terms over 30 years
  • Up to 75% LTV

Merchant Cash
Advance

A flexible finance facility allowing businesses to repay only when they earn. Raise up to 150% of your average card takings and pay back a single fixed fee.

  • Loans up to £2m
  • No interest just a single fixed fee
  • Only repay when you earn

 

Asset
Finance

Asset finance allows your business to purchase or lease much needed equipment or machinery to grow your business. Hire Purchase, Finance Lease and Refinance options are all available.

  • Facilities up to £1m
  • Terms over 7 years
  • HP, Lease and Refinance options

Get your free,
no obligation quote
today!

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Recovery Loan Scheme


A quick and easy way of raising finance, without the need to secure anything on your property or assets. You could raise up to £ 500k and have funds in your account within 48 hours.

  • Loans up to £350k
  • Terms from 2-6 years
  • No early settlement fees

Unsecured Loan


A quick and easy way of raising finance, without the need to secure anything on your property or assets. You could raise up to £ 500k and have funds in your account within 48 hours.

  • Loans up to £500k
  • Terms up to 6 years
  • Decisions in 48 hours

Secured Loan


A business loan that is secured either on a residential or commercial property. With terms up to 30 years and loans up to £2m, this could be a great facility to expand your company.

  • Loans up to £2m
  • Terms over 30 years
  • Up to 75% LTV

Asset Finance


Asset finance allows your business to purchase or lease much needed equipment or machinery to grow your business. We have Hire Purchase Finance Lease and Refinance options available.

  • Facilities up to £1m
  • Terms over 7 years
  • HP, Lease and Refinance options

Merchant Cash Advance


A flexible finance facility allowing businesses to repay only when they earn through their online or card terminal. You could raise up to 150% of your avg card takings, paying back just a single fixed fee.

  • Loans up to £2m
  • No interest just a single fixed fee
  • Only repay when you earn

Information you will typically need to apply for a business loan

  Application form

  Latest Full Accounts

  Management Accounts

  Last 6 Months Bank                   Statements

  Last 6 Months Bank Statements

Please note the importance of completing your application accurately. The smallest mistake could lead to your application getting declined.

What are the different types of business loans?

Recovery Loan Scheme:

The Recovery Loans Scheme (RLS) is a government funded scheme designed to support small and large businesses in surviving the financial repercussions of coronavirus. There is no need for personal guarantees for loans of up to £250k, and you can borrow on top of your existing BBL and CBILS loans.

Unsecured loans:

As the name suggests, these business loans do not require any collateral as a guarantee of payment. Instead, the credit provider will most likely ask for a personal guarantee to secure the loan, meaning you do not need to tie any personal or commercial assets into the deal. Repayments can be made by either weekly or monthly instalments, depending on each lender’s preference.

To access an unsecured business loan, you will most often need a good credit history both on the business and the personal side. We would also expect a business to be trading positively and to have made a profit in its most recent year.

Secured loans:

Secured business loans allow your business to use an asset as collateral to raise funds. Lenders will secure a specific asset, which means there is far less risk for them compared with unsecured loans. You can therefore expect lower interest rates.

Businesses with a poor credit rating or no financial history can often still access secured loans. While you’ll have to offset your loan against one of your assets, if you’re confident you can repay, this is still a great way to access business credit.

Business cash advance:

Business cash advances (often called PDQ or merchant cash advances), provide businesses with a lump sum payment that is repaid from the business’s credit and debit card takings. Put simply, an arranged percentage of your takings via card will be paid directly to your credit provider.

To access this type of business funding, you’ll need to show that a bulk of your sales come through card payments, whether that’s through a physical terminal or through an eCommerce provider. The benefit of this is that you only repay when you earn – plus, you can use the loan for whatever benefits your business the most.

Asset finance:

Asset finance allows businesses to access assets such as equipment, machinery and vehicles without having to purchase them upfront. It can also enable businesses to release much needed capital tied up in already purchased assets.

There are 3 types of asset finance:

  • Hire purchase: when a business purchases an asset and spreads the repayments over time.
  • Finance lease: when a business is looking to rent the piece of equipment over a number of years.
  • Refinancing: when a business is looking to release cash in an already purchased asset such as machinery or a vehicle.

Get your free, no obligation quote today!

Prefer to talk? Call us on 020 3355 7462

Business loan FAQs

How long do business loans take to come through?

Our quick business loans can be with you in as little as a week, depending on the type of loan you opt for. Following your application, we can provide a personalised quote within 24 hours as well as any additional support you might need.

What are the interest rates on business loans?

The interest rate you pay on each product will depend on several different factors, including affordability and credit rating. Credit rating can be made of several different characteristics from both your personal and commercial report. Some factors that could have an adverse effect on your overall score include CCJs, bankruptcies, defaults or missed payments. The fixed interest rate will not include any arrangement fees the lender may have, so it’s always best to ask for an APR.

Not sure what type of loan is right for your business?

Aurora Capital is here to help. Navigate our range of alternative funding options to find out more.

Why choose Aurora Capital for fast business loans?

As funding specialists, we can provide any size company with fast, quality business loans that are suitable for their specific needs. We have built relationships with a portfolio of fantastic lenders who can provide flexible funding, meaning we can offer your business the most competitive rates on top of additional benefits.

Finding the right funding can be a challenge at first, but our experts are always on hand to guide you through the process and make it as seamless as possible. We’ll provide you with a list of the best deals and rates suitable for your company, and ensure you’re in-the-know when it comes to repayment terms and any crucial legalities.

Speak to us and find out how much your business qualifies for

020 3355 7462

info@auroracapital.co.uk

We cover a multitude of finance options.

Aurora Capital is here to help. Navigate our range of solutions to find out more.

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