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Short-term Business Loans

Borrow
 from
£10,000
 to £300k
  • Rates from
    7%
  • £0 Deposit
  • Loan Typically Available Within 48 Hours

What is a short-term business loan?

A short term business loan is typically a loan which lasts for less than 3 years. This instant cash injection means you can grab opportunities, cover your costs and pay it back over a short period of time.

Choose a short-term business loan through Union Business Finance


We take great pride in getting to know you and your business in order to ensure we identify the best finance package for you. In addition, we can offer:

  • Funds available to borrow between
    £10,000
    to over
    £5m
  • Borrowing period ranges from 12-36 months
  • Competitive interest rates from
    7%
  • Applications typically approved within 48 hours
  • Secured and unsecured business loans available. A personal guarantee is required for unsecured loans.

  • Types of short-term loans, including business loan, merchant cash advance and invoice finance

What can I use a short-term business loan for?


You may choose a short-term business loan to expand your business or to embark on a new venture. All kinds of businesses benefit from this kind of loan for all kinds of reasons. It’s your loan, your business, and your decisions.

Short-term business loans can be useful for:

  • VAT loans
  • Stocking facilities
  • Working capital
  • Deposit payments for large acquisitions
  • Management buyouts

What are the advantages of short-term business loans?

Short-term finance is an ideal solution for a range of businesses. It offers:
  • Quick and easy application: Less paperwork and a simple process

  • High approval rates: There is less risk for lenders

  • Funds released quickly: Approval and money received in as little as 48 hours

  • Turn your loan into success: Use your loan to fund new projects or ventures


What are the disadvantages of short-term business loans?

Short-term finance is a great solution for most businesses but that flexibility does come with a few negatives; mainly because lenders don’t make as much from interest repayment so it’s worth being aware of these from the outset.
  • Higher interest rates and early repayment fees: Lenders are able to charge increased rates as it is over a shorter period of time

  • A more reactive way to borrow: Because short-term loans are easier to obtain, you may find that less planning goes into the application and it is easier to get into a negative cycle of becoming financially dependent on them

How does it work?


We want to make the process of applying for a short-term loan as easy as possible so we have broken it down into 3 steps.

  1. Step 1: Apply: Talk to us. Tell us your business goals and how we can help you

  2. Step 2: Application review: We will review your loan application in as little as 48 hours

  3. Step 3: Funds released: Receive your short-term business loan and enjoy the freedom of having the funds to achieve your goals

Am I eligible for a short-term business loan?


We want to make the process as easy as possible for you. Most lenders require the following:

  • One to Two years trading history

  • Profitable accounts
  • A good business credit score or a good personal credit score

That said, if you don’t quite meet that eligibility criteria please do contact us as we work with our panel of over 100+ lenders, so can normally find a suitable lender for your situation.

Why choose Union Business Finance?


Securing a loan can be a stressful time. Thankfully, with Union Business Finance we make the process easy and stress free.

  • Highly personalised service to help you throughout the process of applying for your short-term loan and beyond
  • A panel of over 100+ lenders
  • Trusted by over 4,000 clients
  • Over 10 years’ experience supporting businesses with finding the perfect finance solution for their needs

Testimonials


  • "I approached Union Finance as we have worked with them in the past with a challenge to assist with a quick purchase of a freehold petrol station prior to the property coming on the market. We had a goal to raise £200K in a space of three days. I was informed by Sujane, my case handler, that due to the length of time trading and some historic adverse credit. It will be difficult to get a long term loan facility. We had therefore approached a short term provider who was more than happy to lend to our business for a 24 month period. Giving us time to acquire the business and remortgage at a later date. By doing this we managed to save £££’s on rent and increase our profits significantly. We are now at a very good stage within our business to grow and expand further. We couldn’t be more grateful for the speedy responses and Sujanes calm nature to constantly answer my phone calls."

    Nakendram Piratheepan - Sterling Petroleum Ltd.

    FAQs


    What if I change my mind?

    If you were to change your mind certain lenders will provide you a discount at the time of settlement of the loan.

    Can I top up my loan?
    You can, lenders like to see a good payment history as long as there are no missed payments. Lenders typically look to give a top up within six months.
    I have just started my business. Can I still apply?
    In certain circumstances, we may accept loan applications for new businesses. If you would like to discuss this further with us, please contact us or give us a call on 01788 892 002.
    What is a short-term business loan broker?

    A short-term business loan broker is an intermediary who helps businesses find and secure short-term financing options. They work with various lenders to match businesses with loans that have shorter repayment periods (typically ranging from a few months to a year) and provide guidance to obtain the best terms and rates.

    Start your short-term loan application today!


    Applying for a short-term business loan with Union Business Finance is quick and easy.
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    Disclaimer

    Aintu Ltd T/A Union Business Finance is an independent Asset finance broker not a lender, as such we can introduce you to a wide range of finance providers depending on your requirements and circumstances. We are not independent financial advisors and so are unable to provide you with independent financial advice. Aintu Ltd T/A Union Business Finance will receive payment(s) or other benefit from the finance provider if you decide to enter into an agreement with them. Aintu Ltd T/A Union Business Finance is an appointed representative of AFS Compliance Ltd which is authorised and regulated by the Financial Conduct Authority under number 625035. Aintu Ltd T/A Union Business Finance aims to provide our customers with the highest standards of service. If our service fails to meet your requirements and you would like to report a complaint; please click on the link below;

    https://www.afsuk.com/asset-finance-solutions/contact/complaints-procedure/

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