How To Get Emergency Business Finance

 In How To's, Loans

Realising that your business needs an emergency cash injection is never pleasant, but realising is the first step to solving your immediate problems. You may have been hit with an unexpected tax bill, or a deal you were relying on fell through – there’s no end to the reasons that may lead to you requiring emergency business finance.

It is important that you handle the situation correctly. Being critically short of cash can be a sign of insolvency, and you must remember that as a company director you have a legal obligation to your company. If you are unsure about your company’s solvency, it’s always best to seek expert advice as soon as your concerns begin.

How To Obtain An Emergency Business Loan As Soon As Possible

Obtaining finance will be easier if your business is over a year old and is usually in good standing, but it isn’t impossible if you have a less rosy record.

First Step – Fill in our business loan application form as fully as you can.

Second Step – Gather identification documentation and 12 months (or as much as you have) of bank statements.

Third Step – Await our call. We’ll be in touch to assist as soon as possible.

How Quickly Can I Have The Emergency Loan In My Account?

As long as we receive the documentation we require, a business loan under £50,000 will have a decision within 24 hours, and money can be transferred just 3 hours after the decision. There are cases where this can take much less time, down to just hours.

How Much Can I Borrow At Short Notice?

The ideal terms for a quick injection of cash are under £50,000 over 12 months or less. As an emergency arrangement, you should only borrow the amount that you need to cover the gap in your finances and only if you are sure that your business can afford it. Remember, you should act in your company’s best interests.

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