Fundur – Serving motivated UK businesses ready for growth

Business Loans

Business Loans2023-09-18T10:28:35+01:00
READY TO BOOST CASHFLOW?

Commercial Business Loans

We recognise that businesses often require financial support to thrive, grow, and seize new opportunities. Our mission is to provide tailored Business Loans that empower entrepreneurs and business owners like you to achieve your goals. Whether you’re looking to expand operations, invest in new equipment, or manage unexpected expenses, Fundur is here to fuel your success.

Our process is quick & simple

How does business finance work?

1. Submit your business finance enquiry in 60s.

1. Submit your business
finance enquiry in 60s.

Using our very easy-to-use business finance application form, you simply complete the required information.

Using our very easy-to-use business finance application form, you simply complete the required information.

2. A chat about your business and goals.

2. A chat about your business and goals.

A Fundur Finance Expert will give you a call to discuss your application to assist you with your application.

A Fundur Finance Expert will give you a call to discuss your application to assist you with your application.

3. Our Finance experts Work Our Magic.

3. Our Finance experts Work Our Magic.

We then work with our board of partners and lenders to get your the possible rate available.

We then work with our board of partners and lenders to get your the possible rate available.

4. Your no-fuss finance is funded.

4. Your no-fuss finance is funded.

Once you’ve approved the rate you’re happy with, your funding is released to your bank account. Time to scale.

Once you’ve approved the rate you’re happy with, your funding is released to your bank account. Time to scale.

Why choose Fundur for your Business Loans?

  • Tailored Solutions
  • Flexible Terms
  • Competitive Rates
  • Streamline Process
  • Dedicated Support
  • Specialist Finance Team

FAQs

Is there any support available during the application process?2023-08-24T12:38:28+01:00

At Fundur, we understand that navigating the application process for business finance can be complex. That’s why we’re here to assist you every step of the way. You’ll be assigned a specialist account manager who will work closely with you throughout the application process. Whether you have questions about the required documentation, need clarification on terms and conditions, or simply want guidance on the best financial solution for your business needs, your dedicated account manager will be there to provide personalised support.

Does applying for a business bank account affect credit score?2023-08-25T08:52:08+01:00

Applying for a business bank account ordinarily won’t directly affect your personal credit score, as these accounts are distinct from personal credit profiles. However, specific circumstances could indirectly impact personal credit. Some banks might require a personal guarantee, holding business owners accountable for business debts, potentially affecting personal credit if defaults occur. While business account applications usually involve soft credit checks, some banks could use personal credit history data for assessment, though these checks generally don’t harm credit scores. If linked to a personal account, overdraft protection might influence personal credit if mismanaged.

If personal credit accounts secure business financing, personal credit might suffer if business payments are delayed. It’s vital to comprehend bank policies for assessing their impact. To safeguard personal credit:

  1. Confirm if a personal guarantee is obligatory.
  2. Inquire about credit inquiry types conducted by the bank.
  3. Maintain a clear boundary between personal and business finances.
  4. Ensure vigilant management of business financial commitments.
What do banks check when applying for a business loan?2023-08-10T12:54:49+01:00

When applying for a business loan from a bank, several factors are checked to assess your business’s eligibility and creditworthiness. These include business and personal credit history, financial statements, business plans, collateral, cash flow, debt-to-income ratio, industry analysis, management experience, loan purpose, legal compliance, tax returns, profitability, outstanding liabilities, and personal guarantees. Preparing a complete application package and seeking professional guidance can increase your chances of approval. Keep in mind that specific requirements may vary based on the bank and loan type.

What are the disadvantages of a business loan?2023-08-10T12:56:15+01:00

Business loans offer valuable financing for growth and operations, but they come with drawbacks. Disadvantages include interest costs, additional fees, cash flow strain, risk of default, collateral requirements, personal liabilities, restricted cash allocation, long-term commitment, qualification challenges, opportunity cost, economic impacts, and effects on credit score. Careful consideration and professional advice are crucial before taking on a business loan.

What to consider before taking a business loan?2023-08-10T14:10:04+01:00

Before taking a business loan, carefully evaluate your needs and capabilities. Define the loan purpose and amount, assess your repayment ability, check your creditworthiness, understand interest rates and fees, and consider collateral. Create a solid business plan, explore alternative financing, understand loan terms, and gather necessary documents. Analyse how the loan may impact operations, assess business risks, and align with long-term goals. Seek professional advice, plan for repayment, and ensure a strategic decision that supports your business’s growth.

The Benefits

How Asset Finance Can Help You

Preservation of Cash Flow

Instead of making a large upfront payment to purchase an asset outright, asset finance allows businesses to acquire the necessary equipment or assets while preserving their cash flow. It enables them to spread the cost over time through regular payments, making it easier to manage their working capital and allocate funds to other critical areas of the business.

Access To Equipment

Asset finance allows for the latest equipment & technologies without significant upfront costs. This is particularly beneficial in industries where equipment becomes quickly outdated or requires regular upgrades. By leasing or financing assets, businesses can stay competitive and maintain operational efficiency by using modern, high-quality equipment.

Flexibility & Customisation

Asset finance offers flexibility in terms of repayment structures and contract terms. Lenders often provide tailored solutions to match the specific needs and cash flow patterns of businesses. This allows borrowers to choose repayment schedules, such as monthly, quarterly, or seasonal payments, that align with their revenue generation cycles and business requirements.

Preservation of Credit Lines

Opting for asset finance helps businesses preserve their existing credit lines, such as bank loans or lines of credit, for other purposes. By not tying up their credit capacity in purchasing assets, businesses can maintain financial flexibility and have access to credit when needed for operational expenses, expansion, or unforeseen circumstances.

Tax Benefits

Depending on the jurisdiction and specific regulations, advantages can be provided. Lease payments are often treated as operating expenses, which may be tax-deductible, reducing the overall tax liability for the business. It’s important to consult with professionals or accountants to understand the specific tax implications and benefits applicable to your situation.

Risk Mitigation

In some cases, asset finance arrangements can include maintenance and servicing contracts, providing businesses with additional peace of mind. This can help mitigate the risks associated with asset ownership, as the responsibility for repairs, maintenance, and equipment obsolescence may be transferred to the lessor or financing company.

Overall, asset finance offers businesses and individuals the ability to acquire and utilize necessary assets while managing their cash flow effectively, accessing up-to-date equipment, and maintaining financial flexibility. It’s crucial to carefully evaluate the terms, costs, and conditions of asset finance options to ensure they align with the specific needs and financial objectives of the borrower.

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