business loans

enam89

Hi, I need some quick cash for my business. So I am looking for business loans UK with poor credit score. If you know some good reference company, let me know please.

dealer_wins

enam89 wrote: »

Hi, I need some quick cash for my business. So I am looking for business loans UK with poor credit score. If you know some good reference company, let me know please.

A sound business plan, and 30-50% of the amount you need and your bank will look at it.

Otherwise its not gonna happen.

m4rc

I guarantee it won't happen quickly unless you pay eye-watering interest rates and risk the business going forwards. Best option is family or friends, if you have a good business you can show them the books and they will be comfortable they will get their money back. If you can't show em it's a strong business maybe this is the first warning sign and you should look to wind things up or seek some help, borrowing more will make it worse.

Good luck

Owain_Moneysaver

pawn something.

leeja021894

If youre a business doing well, then i dont think banks will have a problem lending you loans. There are also companies who give out loans. They might be easier to get.

Clive_Woody

leeja021894 wrote: »

If youre a business doing well, then i dont think banks will have a problem lending you loans. There are also companies who give out loans. They might be easier to get.

Building your post count before :spam:

Mark7799

How long have you been in business?
How much are you looking to borrow?
What are you looking to borrow for?
How much have you got to put towards this (unlikely you will get 100% finance from anyone)

fresvinog

What companies? Payday loans? Yes, you can apply their but these companies charge a high interest rate.

Spuggy200

Everline (Wonga in business drag) is 49.9%, usually wanting paid back within 12-18 months - I got a 1500 loan paying 1800 back - I'm overpaying it though and it pops up and says I've saved £xx on interest for paying extra. January is a tricky time for businesses and bad credit history shouldn't make too much of a difference, you just need to send through your business bank statements for the past 3 months, ID etc.

DCFC79

Spuggy200 wrote: »

Everline (Wonga in business drag) is 49.9%, usually wanting paid back within 12-18 months - I got a 1500 loan paying 1800 back - I'm overpaying it though and it pops up and says I've saved £xx on interest for paying extra. January is a tricky time for businesses and bad credit history shouldn't make too much of a difference, you just need to send through your business bank statements for the past 3 months, ID etc.

The OP won't be back.

maria_athena

fresvinog wrote: »

What companies? Payday loans? Yes, you can apply their but these companies charge a high interest rate.

How much is the rate usually?