100K Business Loan

How We Work

1. Get a Customised Quote

Our business finance brokers will get an understanding of your business and your requirements, look at your financial forecasts and accounts, and provide a sense-check on what product(s) will best fit your needs, as well as how much you could borrow, and what the costs and terms could look like.

2. Compare Options

When you’re happy with the proposed solution, we’ll go away and compare options across the market. We’ll often present a range of choices ranging from lowest cost to most flexible, and we’ll talk you through the pros and cons of each if it’s a close decision.

3. Submit Your Application

If you’re happy with the terms we can source, we’ll handle the paperwork and submit your application for you. We’ll handle any issues and questions that may arise from the lender, and we’ll keep chasing your application to ensure funds are released as quickly as possible.

4. Receive Funds

You receive your finance– success! We’ll always be here for any ongoing questions or support you require during your loan term.

Contents

What Is A 100k Business Loan?

A 100k business loan can greatly help businesses expand their operations, and it can also be a valuable tool to get your business out of a slow period. Business loans for £100,000 have been a popular choice for companies after the pandemic. This allows business owners to pull their operations out of any slump experienced in the pandemic and lockdown.

Suppose you're looking to grow your business. In that case, a loan for 100k can give you the means to afford new business spaces, equipment, and other expensive business assets, as a business loan can spread the cost of these things over a more extended period, making it easier for you to pay for what you need.

There are many different things you can use a £100,000 business loan for, including items such as:

Expanding to new spaces
Buying business equipment
Covering employee pay
Purchasing business inventory
Covering tax requirements

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Do I Need To Use Security Assets For A 100k Business Loan?

By business standards, a loan for £100,000 may not seem like a tremendous amount, but this is a large enough loan that you will usually expect to be required to provide security for this amount in a business loan. You may still find some options with lenders willing to provide unsecured loans for £100,000, but these may be more difficult to qualify for, especially if your business is relatively new.

Unsecured loans for £100,000 usually come with less desirable loan terms and higher interest rates, especially for business loans of this amount. Qualifying for £100,000 in an unsecured business loan could be possible, but it would require excellent credit history and a perfect business plan; all your business financial reports would have to be held to a very high standard to allow for a 100k unsecured business loan.

It would be best if you considered using a secured business loan for this money. The types of things you can use to ensure your business loan include:

Property
Personal Savings
Vehicles
Business inventory
Business equipment
Invoices

Secured loans can sometimes take longer to be approved than unsecured ones, as the lender will need to verify the value of the assets you are securing your loan against. However, using security for your loan will almost always mean you can expect better terms and a lower interest rate as there is less risk involved for the lender.

If you need help in finding the best type of security for your loan or you wish to find an unsecured loan for
£100,000 and are struggling to find a good option, contact our experts at Clifton Private Finance, and we will do our best to ensure you find the best financial solution for your business needs.

What Types Of Funding Are Available For A 100k Business Loan?

Depending on the type of business you are running and the financial history of your business, there will be various options available to you for types of business funding. These include things such as:

Getting a Traditional Business Loan

Traditional business loans are available from most banks and specialist lenders. You make an application for the loan with information on your business's financial and credit history and provide the lender with a business plan and other information. If approved for the loan, you will receive the agreed loan amount and repay the balance monthly, often with a fixed interest rate.

A Cash Advance for Your Business

If your income and business sales often fluctuate, which makes you uncertain when you could repay your loan, a business cash advance could be the option for you. This means you agree to a fixed loan fee and pay back a percentage of each transaction or sale your business has until you have fully repaid your loan. If your company does well, you will repay your loan faster; if the business is slow, you will take longer to repay your loan

A Start-up Loan for New Businesses

If your business has been operating for under two years, you could apply for a start-up loan. However, you may struggle to get a start-up loan for the full £100,000 you need.

Asset Financing

This is a way to purchase expensive assets for your business and spread out the costs over a more extended period. Asset financing is more expensive than paying upfront for a product, but it can be an excellent way to help get what you need for your business to continue growing.

A Line of Credit for Your Business

A business line of credit works like a credit card or an overdraft.

There are many reasons to work with our expert brokers to find the best deal for you and your business. As a specialist finance broker, we provide high-quality business loan solutions for our clients.

Get in touch with our brokers today and begin taking the next steps for your business.

Types of Business Loans We Can Source

Business loans for:

Next Steps

As a specialist finance broker, Clifton Private Finance can provide a clear picture of your options. We will assess your circumstances and arrange a finance solution tailored to your needs.

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Frequently asked questions

You can find the most common questions asked about business loans below. If you have a question that isn't answered here, please email us at commercial@cliftonpf.co.uk

Who needs business loans?

Since business loans are used across practically all industries, they're useful for anyone. In particular, they're most commonly used by small or medium businesses. For smaller businesses, the loan can be used to cover startup costs, including staff hiring and stocking inventory.

For medium or larger businesses, a business loan is useful for acquiring machinery and equipment used to grow and elevate the business.

The uses for a business loan, however, are wide and flexible, and can be used in a variety of ways to grow and enhance your business.

What are the risks of business loans?

Business loans offer an effective solution for businesses short on capital, but there are several risks involved with receiving loans. The primary risk of a business loan is its financial risk. Should you receive an offer from a lender that lacks flexibility, has a particularly high interest rate or has other factors that make it difficult to repay the loan, there is a risk of an impact on your credit score, loss of secured property, or fines.

What do businesses use finance for?

Businesses use finance to pay for a variety of products, properties, and more. As a business, finance is commonly used to start up businesses, and cover upfront costs, including staff payroll, equipment and inventory stock.

Business finance is also used for expansion: if you're looking to improve the speed, efficiency, or capabilities of your business, and it's a fantastic way of securing funding to support growth by covering expensive equipment costs.

What is the difference between business finance and accounting?

Business finance involves the direct involvement of brokers in organising financial transactions, business finance brokers liaise with clients and lenders to secure the best coverage of a requested loan amount, as well as the most competitive interest rate.

Accountants, however, are solely responsible for the documents and reporting of the transactions.

What is an example of business finance?

When it comes to business finance, a business loan is perhaps the most standard method of acquiring capital for your business. These traditional loans are highly flexible, with a broad range of applications to support the growth and development of your business.

The following is an example of a business loan application that is particularly common:

Scenario:

A construction company is looking to acquire equipment to undertake a large project, but they lack sufficient funds to purchase the equipment outright.

Instead, they consult with Clifton Private Finance, who find the very best market rate business finance deals and organise a £100,000 loan for the construction company.

Process:

After an initial consultation with one of our business finance brokers, the broker reaches out to a wide panel of lenders, offering a range of competitive offers to review. The broker receives an offer for the full amount with a competitive interest rate, allowing the owner to pay the business finance loan without greatly reducing cash flow.

Result:

With the purchase of the new equipment, the construction company can now complete the large project, and once complete, the large profit generated from the project itself is more than enough to cover the cost of the business loan.

100K Business Loan

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