Bespoke Business Loans

A business loan broker is an intermediary who helps businesses find and secure loans. They work with a network of lenders to identify the best loan options for their clients based on their specific needs and financial situations. Brokers assist with the application process, negotiate terms, and provide expert advice to ensure businesses get the most suitable and favourable loan terms.

Business loans offer numerous benefits to a business, such as:

• Access to Multiple Lenders: Brokers have relationships with various lenders, increasing your chances of finding a suitable loan.
• Expertise and Advice: Brokers understand the lending market and can guide you through the process.
• Time Savings: Brokers handle much of the legwork, saving you time and effort.
• Better Terms: Brokers can often negotiate better terms and rates on your behalf.

The amount you can borrow depends on several factors, including your business's creditworthiness, revenue, the type of loan, and the lender’s policies. At Union Business Finance, our loans typically range between £10,000 to £5 million.

Approval times vary by lender and loan type. At Union Business Finance, we can approve business loans within 24 hours, while traditional bank loans might take several weeks to process.

Commonly required documents include:

• Business Plan: Outline your business and how the loan will be used.
• Financial Statements: Income statements, balance sheets, and cash flow statements.
• Tax Returns: Personal and business tax returns for the past few years.
• Bank Statements: Recent bank statements.
• Legal Documents: Business licences, registrations, and ownership agreements.