Tide Start-up Loan
- £500 to £100,000
- 12 to 60 months
- Cashflow forecasting through Tide Connect
MyCashline business loans comparison
MyCashline business loans
1 - 2 of 2
Other popular business loans
MyCashline business loans overview
MyCashline is a direct lender (not a broker) which uses innovative technology to track the trading data of your business in order to speed up its lending approval processes.
It can link to thousands of business data points such as cloud-based accounting services, Amazon and eBay accounts, VAT and tax reports and bank statements.
The theory goes, that if you let MyCashline track all these data points, then in return you’ll enjoy faster decisions on business finance when you need it and money in your account in “as little as 60 minutes”.
If you need to be able to quickly free up cash to take advantage of opportunities as and when they arise, then having a “bank-free overdraft” (read “line of credit”) on hand could offer your business invaluable flexibility. And if you’re after something a little more straightforward, MyCashline also offers traditional fixed-term business loans.
MyCashline business finance options
- Bank-free business overdraft
- Designed for month-to-month cash flow
- Borrow up to £25,000
- Draw down on your credit facility at any time
- Pay finance charges only for the first six months
- Fixed-term growth loan
- Designed for investing in growth
- Borrow up to £50,000
- Agree a fixed term at the start
- Tailor your repayments to suit your business growth plan
- Business start-up loan
- Designed for one-off purchases
- Borrow £5,000 to £10,000
- Get a lump sum deposited into your account immediately
- Set weekly/monthly repayment schedule over 6 to 12 months
Key features of MyCashline business finance
- Borrow £1,000 to £50,000. The amount you can borrow will depend on your loan option, your business performance and needs, and your creditworthiness.
- Repay over 1 to 12 months. Choose a loan term to suit your needs or use the “bank-free overdraft” which offers an open line of credit.
- Fast decision and payment. Get a response within the same working day and receive your funds in just 60 minutes.
- Cash break and flexible repayment options. Choose to take a break, or pay less, on months when cash flow dips.
- Startups considered. MyCashline lends to new businesses based on projected sales and your credit history.
The interest rate you’re offered will depend on factors like how much you apply for, the term of the loan, the performance of your business and its credit rating. The interest rate you’re given may differ from the advertised representative APR.
Am I eligible for MyCashline business finance?
You should only apply if you’re certain you can meet the repayment terms. You must also:
- Be aged 18 or over
- Have a UK- or Europe-based business
- Operate as a sole trader, partnership or limited company
How can I apply?
Simply fill out the online application form on the MyCashline homepage with some basic information about your company such as your turnover, profit and what you require the loan for. This should take about 10 minutes. MyCashline will use the data you provide to carry out a soft search on your credit file, so ensure you complete this as accurately as possible. An account manager will then call you with a quote and talk through the next stages of your loan with you.
Get tailored loan quotes from Love Finance
Save time by checking eligibility with multiple lenders and get quotes.
Frequently asked questions
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.
More guides on Finder
-
How to open a new savings account
Learn more about opening a savings account with our guide.
-
Flexible ISAs: What they are and how they work
Learn more about how flexible ISAs work.
-
Compare 2-year fixed rate cash ISAs
Find out more about the pros and cons of 2-year fixed rate cash ISAs
-
Kuda money app review
We take a detailed look at the Kuda money app to see how it works.
-
Volopa review
Is Volopa’s business payments platform right for your business? We take a closer look at Volopa’s business solutions.
-
Best ISAs for 2023
Discover the key differences between a cash ISA and a stocks & shares ISA and which option is right for you.
-
How to buy Nestlé (NESN) shares in the UK
Learn more about Nestlé’s recent performance and where you can invest in Nestlé shares. We also run through some helpful rules of thumb for any investor
-
Christmas spending in the UK set to drop by more than £5.5 billion in 2022 as cost of living crisis bites
This latest research explores how much the UK is set to spend on Christmas in 2022, and how much Brit’s spend on unwanted gifts.
-
5 assets investors are buying in the dip: From commodities to ETFs
Markets have taken a hit in 2022. We share which assets are popular in the recent market pull-back. Created in collaboration with eToro
-
Over half of Brits plan to make a New Year’s resolution in 2023, with health and money leading the way
Over half of Brits plan to make a New Year’s resolution in 2023