Grow your business with with Nucleus Cash Flow Finance

- Borrow £25,000 to £150,000
- Apply online in 2 minutes
- Funding in 24 hours
Whether you’re after a lump sum of £30,000 or consistent access to credit for slowly growing your business, there’s a range of loan options that could help. Here, we run through your best choices.
If you’re looking for a lump sum to be paid upfront, options include:
If you’re looking for ongoing access to business credit, consider the following options:
Government-backed start-up loans are available to certain businesses that have been trading for less than two years, and are capped at £25,000. However, this figure is per director, and multiple directors can apply. With competitive, fixed rates, these loans can be a smart choice, provided your business is eligible.
Access a lump-sum of funding upfront for a fixed cost and then repay when your customers pay you.
Secured loans allow you to put business or personal assets up as collateral against failure to repay your loan. This can make a lender more open to approving your loan application, as it’s better protected against the risk of you falling into arrears.
It’s not unusual for lenders to insist on having security for sums as large as £30,000, especially for businesses or individuals with limited or damaged credit histories.
Getting an unsecured loan is usually faster because the lender won’t need to verify the value and liquidity of any asset(s) put forward as security.
Learn more about secured vs unsecured business loans.
A personal guarantee is a contract that states you’ll be personally responsible for paying back a loan if your business is unable to do so. Many lenders will demand you sign one of these if you apply for an unsecured loan.
Learn more about personal guarantees.
Interest rate of 5% fixed p.a. | Interest rate of 10% fixed p.a. | Interest rate of 20% fixed p.a. | |
---|---|---|---|
2 year loan | Monthly: £877.43 Overall: £21,058.27 | Monthly: £922.90 Overall: £22,149.56 | Monthly: £1,017.92 Overall: £24,429.99 |
3 year loan | Monthly: £599.42 Overall: £21,579.05 | Monthly: £645.34 Overall: £23,232.37 | Monthly: £743.27 Overall: £26,757.78 |
5 year loan | Monthly: £377.42 Overall: £22,645.48 | Monthly: £424.94 Overall: £25,496.45 | Monthly: £529.88 Overall: £31,792.66 |
Here are some of the key factors to consider:
Lenders each have their own criteria, but first and foremost they’ll need to be sure that the monthly repayments would be affordable for your business, given its income and outgoings. You can boost your chances of being approved by demonstrating:
Brokers and matching services can be handy for time-pressed business owners, especially if their credit history is a bit worse for wear.
A good matching service will be able to instantly check which lenders would offer you a £30,000 loan, saving you valuable time and stopping you from damaging your credit score via multiple loan applications.
Many of these services are free to use, as the brokers instead charge a referral fee to the lenders they recommend.
The downside is that these services rarely have access to the full market. They’ll only be able to refer lenders from their panel of partners. That means you may not be offered the very best deal you’re eligible for.
We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you.
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