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Business Loans
Whether you want to boost your cash flow, cover revenue gaps or grow your business, our fast and affordable loans can give you the flexibility you need to make your business plans a reality.
A business loan is money that is lent to a company to be used for any commercial purpose. It is repaid over an agreed term, with fixed repayments each month and interest fixed at the outset, so you can plan for the future with confidence.
It’s a simple, low-cost way to borrow
It’s a simple, low-cost way to borrow for your business to keep moving forward with your plans. At Joefizz we have a wide network of trusted, reliable lenders and are able to arrange a variety of different loans, including both secured and unsecured.
Secured business loans require you to put up collateral, which the lender will then take possession of should you fail to meet repayments. Unsecured loans, on the other hand, do not require collateral and can be easier to obtain, but come with higher interest rates. We can provide expert advice and tailored solutions that are right for you and your business.
Finance lease
A finance lease is an agreement where a leasing firm buys a business asset on behalf of your company and then rents it out to you. You make the monthly payments until you cover the cost of the equipment, plus interest. You can then choose to extend the rental period, return the equipment or sell the asset to a third party on behalf of the leasing firm.
While you never own the asset, you are responsible for insurance and maintenance costs during the rental period.
Operating leases allow you to rent an item over a short or medium term, with rentals fixed at the outset to help you manage your cash flow. Ideal for specialist equipment or machinery that the business has no interest in buying permanently, this tends to be an affordable option as you only pay for the calculated value of the item over the limited lease time that is agreed.
Technology leases can help you reduce the cost of any IT or tech equipment your business might need. They also mean you can safely dispose of your tech at the end of the agreement.
Secured loan
A secured loan uses collateral to reduce the risk to the loan provider, protecting the lender in the event the business defaults on repayments.
Due to the reduced risk, lenders are often prepared to offer higher sums or offer a loan in circumstances where you have a weaker credit history.
Unsecured loan
Unsecured business loans are a type of funding that doesn’t require the business to put up any personally owned and business-owned assets up as collateral. Because no assets are secured against an unsecured loan, it’s a requirement in the majority of cases that the person taking out the loan – the borrower – has an excellent credit rating. This positive credit rating should be in addition to a full, excellent financial history and a well researched and planned forecast for cash flow. This helps the lender to identify the risk of lending to the business, as well as checking if the required payment would be possible and sustainable for the business.
Frequently asked questions
How much can I borrow?
With our wide network of loan providers, we can help you access loans for almost any amount between £1,000 and £500,000.
How quickly will I know if I qualify for a business loan?
The whole process is quick and easy. Typically, you will find out within 48 hours if your application has been successful.
What documents do I need for a business loan?
You’ll just need to provide business bank statements and your latest company accounts but we can help to make the process as hassle-free as possible.
How do I apply?
If you are interested in finding out more, please just drop us an email at hello@joefizz.co.uk or call on 07789 992233. We’ll arrange a suitable time to meet and chat through the challenges your business is facing and suggest some solutions which might help.
