Tide Start-up Loan
- £500 to £100,000
- 12 to 60 months
- Cashflow forecasting through Tide Connect
ClearFunder is a direct lender not a broker.
Based in London, ClearFunder specialises in offering loans to small and medium-sized enterprises (SMEs) who may struggle to be approved for credit from banks and mainstream lenders. It will consider you for a loan even if you have a poor or limited credit rating, as long as you can afford to make the repayments.
While many business loan lenders require fixed monthly repayments, ClearFunder allows you to flex your payments in line with when you receive money from your customers. It is worth thinking carefully about whether this repayment method will suit your business. It may make repayments more manageable on a daily basis, but you will have to be committed to budgeting in order to pay your loan off in time.
Whether you’re starting a business or need a cash boost to get it to the next level, ClearFunder could help with a fast and flexible business loan. It’s quick and straightforward to apply online at the ClearFunder website.
ClearFunder offers loans of £10,000 to £100,000 for a variety of purposes including company cars, expansion, restructuring, unexpected costs, equipments and career development. The amount you can borrow will depend on the size and performance of your company as well as its credit score.
Interest rates are fixed for the duration of your repayment period. However, the rate you’re offered will depend on factors like the amount you apply for, the term of the loan, the performance of your business and its credit rating. This may differ from the advertised “representative APR”.
You should only apply for a ClearFunder business loan if you’re certain you can meet the repayment terms. You must also:
ClearFunder will consider applications from SMEs with a poor or limited credit history as long as you can afford to meet the repayments.
There are several types of business loan out there. The right one for your business will depend on how much you need and how long you want to borrow for. You should consider your options carefully before taking out a business loan, especially one which requires a guarantor.
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