What are business loans?
Business loans are financial tools offered by lending institutions, such as banks and online lenders, to businesses in need of capital. The capital can be used for numerous purposes, such as starting or expanding the business, buying equipment, or regulating cash flow.
The approval for a business loan, as well as the interest rates, relies on various factors, including the creditworthiness of the borrower, the viability of the business, and the lending institution’s policies. These loans play a significant role in facilitating business growth.
What are the benefits of business loans?
There are many benefits to business loans – here are the top ones:
- Access to capital: One of the primary benefits of a business loan is access to capital that can be used to finance growth or other business initiatives. In the UK, there are many different lenders and loan products available, making it complex for businesses to find the capital they need. Counting King’s expert panel will match you with the right lender for your needs
- Competitive interest rates: With so many lenders and loan options available, businesses in the UK can often find it hard to get competitive interest rates and favourable terms. Counting King can help businesses save money over the long term and improve their financial position by matching you to the right product and lender
- Flexibility: Business loans in the UK come in many different forms and can be tailored to the specific needs of a business. This means that businesses can choose the type of loan that best fits their requirements, whether that’s a short-term loan or a longer-term loan with lower interest rates.
What is the process to apply for a business loan?
The process comprises of:
- Use our online loan calculator for free to determine how much you want to borrow, over what period and what repayment amount per month.
- By providing Counting King with some vital information, we will be able to contact the perfect partner within our panel of lenders to submit a pre-qualification and get a decision in principle sent over to you.
- Application evidence – Counting King will compile the necessary documentation the lender has requested to approve the submitted application. This includes simple things, such as a set of your recent accounts, and your cash flow projections.
- Finance approval – Subject to you meeting all of the lender’s criteria, they will issue the funds and deposit them into your nominated bank account.
How much will Counting King charge me?
Clients don’t pay Counting King any fees to access business loans from our panel of lenders. We receive a small commission directly from the lender from placing your business with them. This means you have nothing to lose by investigating your options and seeing what funds you can access.
Why should I choose Counting King?
Counting King is a national tax and funding practice that helps companies with their cash flow by sourcing grants, and utilising government tax incentives or finance options such as business loans and more to help them scale and grow!
We focus on innovative companies who are seeking to expand and disrupt their respective industries which in turn will help the UK become a global leader and strengthen our economy. By finding products that invest in your business we believe we can help the UK compete and beat our European or global counterparts. If you and your business are looking for a cash injection a short conversation with one of our consultants could help you access thousands in funding.
Our services include: R&D Tax Credits, Land Remediation Relief, Embedded Capital Allowances, Creative Tax Relief, Business Rates Relief, Energy Tax Exemptions, Tax Investigation support, Patent Box, SEIS/EIS, Grants, Business Finance and Commercial Mortgages.
Where can I find out more information on business loans?
For more information take a look at our business loans webpage and brochure here.
I’m interested – what are my next steps?
If you would like advice on business loans from one of our specialists, please contact us via email at info@countingking.co.uk or call us on 0800 8100 030.
About Counting King
Counting King is a national tax and funding practice that helps companies with their cash flow by sourcing grants, and utilising government tax incentives or finance options such as business loans and more to help them scale and grow!
We focus on innovative companies who are seeking to expand and disrupt their respective industries which in turn will help the UK become a global leader and strengthen our economy. By finding products that invest in your business we believe we can help the UK compete and beat our European or global counterparts. If you and your business are looking for a cash injection a short conversation with one of our consultants could help you access thousands in funding.
Our services include: R&D (Research & Development) Tax Credits, Land Remediation Relief, Embedded Capital Allowances, Creative Tax Relief, Business Rates Relief, Energy Tax Exemptions, Tax Investigation support, Patent Box, SEIS/EIS, Grants, Business Finance and Commercial Mortgages.