Business Loans With Quick Approval
How Quick Can A Business Loan Be Approved?
We get the majority of business loans approved within just 4 hours, this is of course after all relevant documentation has been collected and sent to the lender.
What Documentation Do I Need To Ensure A Business Loan With Quick Approval?
The documentation that lenders require varies depending on how much you’re looking to borrow, for how long and of course, what type of finance you’re looking to obtain.
For a simple business loan, all we required is relevant identification documentation and 12 months worth of bank statements. For more complex loans, or for sums larger than £50,000, lenders will often ask to see copies of accounts and VAT statements.
What Types Of Business Loans Can Be Approved Quickly?
The simplest and fastest business loan to get approved is normally under £50,000 and the term less than 12 months. These types of loans can be approved within 4 hours, and money could be in your account 1 hour later.
If you’re looking to borrow a larger amount, over a longer period or are looking for the very bottom rate, we can be looking at roughly 4 weeks. This is because some of the best rates are found on Crowdfunding P2P Lending websites. On these websites, the website owners will pre-approve you before putting out your offer. Once your offer is live, funding is normally available for drawdown within 2 weeks.
If you’re looking for a Commercial or Buy To Let Mortgage, we can normally get a Decision In Principle to you with rates and LTV within 60 minutes of a quick consultation call.
Ready To Apply For A Quickly Approved Business Loan?
Are you ready to discuss your business finance needs? Enquire with us via any of the methods in the sidebar and one of our consultants will be in touch shortly. All enquires are 100% free and no obligation.