Although there may be other sources
of funding available – such as peer to peer financing, crowd sourcing or angel
investment, to name but a few – the simple and straight forward business loan is
probably still the most sought after. The principles of such borrowing are
familiar, many businesses consider interest rates to be competitive and
repayment periods are often sufficiently flexible to cater to most business
needs.
Finding your lender
Perhaps one of the safest and most
reliable ways of identifying a potential lender is to look for membership of
the professional association, the National Association of Commercial
Finance Brokers (NACFB)
– of which Merchant Money, of course, is a member.
The size of the loan
Our B2B funding offers businesses
amounts from between £1,000 and £50,000. The facility is generally reserved for
limited liability companies that have already been in business for at least a
year and whose directors are all over the age of 18. Loans of other amounts –
for example, those in excess of £25,000 – may be available to partnerships and
sole traders.
