The fast, convenient way to inject cash into a business whenever it is needed.
This is a convenient way to inject cash into a business whenever it is needed. The fast turnaround time and the typically short term makes a fast business cash loan an ideal option for covering short term business needs as they crop up. This type of affordable business loan is suitable for a range of companies, even those with less than perfect credit records.
Funds can be in your account with a couple of days, subject to turnover levels and affordability.
These flexible loans for businesses are usually arranged for a short period of up to 10 months.
The annualised cost for this kind of funding can vary, depending upon the exact details of the loan required. Typical rates are between 20% - 60% APR, depending on circumstances.
A fast business cash loan is typically used to cover short term funding requirements. This means that it is often used by seasonal businesses, to pay unexpected bills and to take advantage of short-term growth opportunities
This type of business funding is not secured against a specific asset. It is, therefore, available for businesses that can meet the repayments but don't have assets to offer as security.
It is possible to apply for a fast business cash loan without having a perfect credit record. Your credit rating will be taken into account by the lender when calculating the rate to offer.
The criteria for fast business cash loans means that it isn't only restricted to long established companies. Even a relatively new business can ask for this type of loan.
Produced in association with our partners at KPMG Small Business Accounting.
How Funding Xchange helps businesses access the finance they need on the best terms.
Call us on 020 3695 3206 or email for help researching your business funding.