*(Loans over £350,000 will require a debenture)
Tell us how much you’re looking for, and what the business is intending to do with the funds.
Fill in app form and send back relevant info.
We will search the market for the most competitive offers for your business.
Approval within 48 hours.
Currently have an 85% acceptance rate
The money can be in your account within a matter of days.
Do I need to be a homeowner?
No, to qualify for an unsecured business loan you do not need to be a homeowner, tenants are accepted.
What can the loan be used for?
The loan can be used for almost any business expense, due to its unrestricted nature the funds can be used in the best interest of the business. Most commonly the funds are used for growth; refurbishment, capital expenditure and stock.
I have a CCJ and my personal file has historic bad credit, will I still be accepted?
There are no guarantees, however due to the flexibility of this loan, CCJ’s and adverse credit can be considered, and many past cases have been approved with bad credit in place.
How long will I have to pay back the loan?
There are several different options to choose, we will do our best to tailor a product around your business with terms from 2 months – 5 years.
Are there any early settlement fees?
No, the lenders do not charge early settlement fees, they will actually only charge you the amount of interest you have used up to that point, so there are savings to be made when settling early.
Can start-ups utilise this product?
No, you have to be trading for at least 4 months.
What are your interest rates?
We have access to 15+ lenders in a 3 tier risk model. Our rates start from 4.9% per annum and depending on your businesses risk banding can go up to 5.5% per month.
How do I repay the loan?
It depends on the lender you are accepted with, however we have options to pay monthly, weekly or even daily.
Is this loan totally unsecured?
The term ‘unsecured’ means not secured against any personal or business assets, such as property. An unsecured loan does require a personal guarantee, however this is to show the lenders that you are confident your business will keep growing over the course of the loan.
How quickly can this be arranged?
Dependent on how quickly the customer can return the requested documents, we can look to fund within 10 working days.
What criteria do you have to meet to meet for a tier 1 lender?
To qualify for a tier 1 lender there are may factors that will determine this, however to qualify through their initial checks you need to make sure your business has; Been trading for at least 2 years as a Ltd business, Turnover of ￡100,000+, No bad credit.
Why not speak to someone, and see how much your business qualifies for?
Call us on 01371 870815, alternatively email us at firstname.lastname@example.org
T: 01371 870 815
Address: 104 Bellefield House, New London Road, Chelmsford, CM2 0RG
Registered in England: Trading under Timali Ltd
Registered Company No: 08401705