Flexible Business Loans
If you want to ditch the fixed monthly loan repayments in favour of a more flexible approach, flexible business funding could be just what you need.
- Compare a wide range of lenders and rates
- Check your eligibility in minutes
- Find out how much you could borrow
It's fast, free and won't affect your credit score
What is a flexible business loan?
A flexible loan is one that gives the borrower a degree of flexibility in areas traditional business loans wouldn't. For example, flexible repayment terms, loan amounts and interest rates. They’re also more flexible in their approach to lending in general, making finance more accessible for small businesses than it’s ever been before.
How do flexible business loans work?
As the borrower, you can find loans that suit your specific business needs i.e. lend a certain amount and repay over a few months, 12 months or up to ten years.
- Amounts usually start from as little as £1,000 up to £500,000. And because flexible loans are unsecured, you can see funds in a matter of hours, as there's not much paperwork to complete.
- After the lender checks your creditworthiness, they can deposit funds immediately into your business bank account, and you're free to spend the money as you see fit.
- Repay in line with pre-agreed terms. I.e. in fixed monthly repayments or pay a percentage of your future card sales - this is dependent on the type of loan you apply for.
The benefits of flexible business loans
Improve cash flow management. Accessing flexible finance helps you overcome seasonal lows with ease, ensuring bills are paid on time without worry.
Grow and expand your business easily. Expanding your business can be expensive, but with flexi loans, you can borrow what you need and repay within a timeframe that best suits your business.
Take advantage of opportunities. With a flexible loan, you can act quickly on new opportunities, entering a new market, for example. You can apply online and see funds within a few hours.
Types of flexible business loans
The great thing about flexible loans is that there are plenty of loan types out there to help you meet your business goals.
Whether you're looking for a loan to help balance cash flow, boost working capital or for expansion and growth, there's a loan option for every type of business.
Merchant cash advance
A merchant cash advance is the ultimate flexible financing option. If you process debit and credit card payments, you can apply for a cash advance which is borrowed against your future card sales (accessing up to £500,000). You repay this not as fixed monthly repayments, but a percentage of your monthly card sales, which is usually 20%. That means the repayment percentage remains the same regardless of monthly revenue.
Invoice finance
Invoice finance is a very flexible way to access fast finance. Sell one or multiple invoices to the lender and receive up to 95% of your unpaid invoices. This means no waiting around for the full invoice payment terms, keeping cash flow healthy and predictable.
Unsecured business loan
If you have a good personal and business credit history, you could apply for an unsecured business loan. This loan is a fast and flexible way to lend money to grow your business. After checking your creditworthy, funds can be in your business bank account in a matter of hours after the lender accepts your application.
Revolving credit facility
If you’re looking for a solution that allows you to draw down funds as and when you need them, you could consider a revolving credit facility. A revolving loan facility works a bit like an overdraft, you can dip into when you need to, repay and access again. The lender will agree a limit you can continue to draw from, this limit is based on your personal circumstances and you only pay interest on the funds you use, which makes it even easier to manage cash flow.
How Capalona can help with flexible small business loans
We work alongside flexible UK lenders to provide small businesses access to fast and affordable finance. Our free loan comparison tool helps you sift through loan offers quickly by aligning your needs with eligible loans only.
Getting a quote won’t affect your credit score.
Compare flexible business loans.
About the author
Adrian T
5/5
Amazingly fast, efficient service, minimal paperwork. So much faster than my business bank of twelve years.
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