Compare ArchOver business loans

ArchOver connects established UK businesses in need of affordable finance with investors seeking an attractive return on their money. Loans from ArchOver can be used for any business purpose, but are most suited to raising working capital, replacing invoice discounting or factoring, or bank overdrafts.

ArchOver is part of the Hampden Group, which provides specialist insurance, investment and financial support services.

Tide Start-up Loan

• £500 to £100,000
• 12 to 60 months
• Cashflow forecasting through Tide Connect

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ArchOver loan options

ArchOver provides funding for UK SMEs across a range of sectors using five lending services. Loans are secured with an “all-assets” charge over your business, and your revenues will flow through controlled bank accounts owned by ArchOver. Its specialist credit team performs a detailed credit analysis on each loan before approving it to appear on its peer to peer platform. Your business, and its assets, will then be monitored monthly throughout the loan term. ArchOver has the following loan options:

With all options, ArchOver manages the loan process in the background, but you are left to get on with the day-to-day running and management of your business.

Key features of ArchOver business loans

• Borrow a minimum of £100,000. ArchOver specialises in providing larger loans.
• Repay over 3 to 36 months. Spread your repayments over a term that suits you and your business.
• Interest payments. Loans typically require interest-only payments during the loan term followed by a balloon payment at the end.
• Early repayment. ArchOver will not charge a fee if you decide to settle your loan early.
• Monthly monitoring and analysis. ArchOver will keep a close eye on your accounts during the term of the loan.
• Controlled bank accounts. For the term of your loan, all your revenues will flow through an ArchOver bank account.

Am I eligible for an ArchOver business loan?

You should only apply for an ArchOver business loan if you’re certain you can meet the repayment terms. You must also:

• Be a UK limited liability partnership or a limited company.
• Have a UK bank or building society account.
• Have been operating for two or more years.
• Require the loan for business use.
• Have a proven management team and business model.
• Be prepared for your loan to be secured against your company’s assets.
• Be looking for a minimum loan of £100,000.

How can I apply?

1. Contact ArchOver by email or phone to express your interest in a business loan.
2. ArchOver will arrange a face-to-face meeting with you.
3. If you have been provisionally approved you then receive a funding offer.
4. ArchOver will perform a detailed credit analysis of your business.
5. Your loan is placed on the ArchOver peer to peer lending platform.
6. You receive the funding into your bank account.

Frequently asked questions

• Does my business have to be profitable?

  It depends on the loan service that you are interested in. For specific products, ArchOver will lend to companies that are not currently profitable as long as they can demonstrate a clear route to profitability in the near future.

• How do I repay the loan?

  Most of the loans through ArchOver charge interest-only payments for an agreed term, followed by one balloon payment at the end. Always check that your business can afford this end payment before you agree to the loan. Some business owners may find it more manageable to pay capital and interest in equal repayments.

• Will I know who the lenders are?

  No. The lenders remain anonymous throughout the term of the loan. However, you will receive a copy of an anonymised lender schedule attached to your final loan agreement after funding is completed. You will then know how many lenders there are in your project and the size of the pledges made.

• Can I repay my loan early?

  Yes, you can pay early with no early penalty charges. However, ArchOver will ask you to settle the final month’s interest.