Short Term Loan With Grow Funding

Short-term Loans With Grow Funding

Name: Grow Funding
Address: 27A Goring Road, Goring By Sea, West Sussex, BN12 4AR, United Kingdom
Telephone: 01903660091
Price range: Competitive
Rating: 5

A short-term loan is a perfect solution for businesses that needs instant cash, which can be repaid over a short period of time. There are two ways of paying back the interest and capital back, as some lenders will set a flat rate of interest and others will set the rate against the reducing balance. A short-term loan tends to be 6,12,18 or 24 months, and are usually unsecured. Short term loans are a simple way of injecting cash fast into a business and usually only require a business to be trading for 6 months or more. Of course, the stronger the business the better interest rate offered. Did you know that 40% of SMEs that sought external funding in 2018, did so to fulfill an immediate cash-flow requirement?

Short term loans will usually allow you to borrow up to £150,000 over a short-term period. Interest rates depend on your business strength and the rates will vary from lender to lender. This knowledge of the market is the reason why our team here at Grow Funding are the best experts to talk to when matching your business loan needs to a lender.

Short term loans offer many benefits:

• You will pay back less interest on a short-term loan compared to a long-term loan, as you are repaying over a shorter term

• Lenders will require less financial information to approve the loan

• Short term loans are paid out faster then a long term long - you could have your money in as little as 24hrs upon approval.

• Short term loans can be refinanced midterm, into a long-term loan

We understand that choosing the right loan for your business can be a minefield, that is why we are an award-winning business finance specialist, we help UK businesses find the right funding.

We are mindful of our customers credit profile and unlike other companies like us, we will not allow multiple credit checks on you and your business, as this will affect your personal credit score. Our customers come to us at Grow Funding as we are experts at what we do and make the process easy, taking away the stress out of finding the perfect solution.

Call Free today to find out what we can offer you! T: 01903 660091

www.growfunding.co.uk

Long-term Loans Click here!

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Asset finance is a type of lending that enables you to access business assets such as equipment, machinery and vehicles without having to buy them upfront. It can also allow you to release cash from the value in assets you already own or use your existing assets as security against a business loan from an asset finance lender.

Business asset finance is typically attractive to businesses who want to put their growth plans into action but don’t necessarily have the ready cash, or business owners who would rather spread large costs over a longer period.

Short-term asset finance also enables businesses to remain competitive by making it easier for them to access the latest technology. Asset finance is a broad category that relates to valuable items in your business.

Here is one of our case studies of asset-based invoice finance –

Case Study - Feb - 2019

Invoice factoring for Essex based building company

This company had been awarded a large value contract with a London borough council to install new kitchens and bathrooms into their residential council properties. With limited funds in the bank to cover the cost of labour and materials, Grow Funding arranged a suitable Invoice factoring facility to allow the business to release cash tied up in their outstanding invoices. This means going forward at the point of them giving the invoice to the council they can factor the invoice to provide them with cash in the bank to cover their cash flow needs. An initial facility size of £165,000 was set up with view to this growing over time.

The Advantages:

• Credit insurance to protect you against bad debtors

• The funds are secured and valued against your assets

• Funds can be used for any business needs

• There is the possibility of being flexible in comparison to loans and overdrafts

Mail

Grow Funding ltd - 70 Goring Road - Goring by sea- Worthing - West Sussex - BN12 4AB

01903 660091

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