Business Loans Comparison 2018-06-15T11:14:10+00:00

Business Loan Comparison

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Compare Business Loan Rates Now

Compare interest rates from business loans from across the market with our free comparison tool. We show you rates from the leading lenders to ensure you secure the lowest possible rate on your business loan.

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Latest Business Loan Products

View some of the latest and cheapest business loan products from major lenders and find the right loan to suit your requirements.

Product BSL0001 - Apply Now
Rates From
3%
Min - Max Loan
£5,000 - £500,000
Funding Type
Business Loan
Min-Max Term
6 months - 5 years
Min Trading Time
2 years
Completion Timescale
5 days
Product BSL0002 - Apply Now
Rates From
5.7%
Min - Max Loan
£25,000 - £100,000
Funding Type
Business Loan
Min-Max Term
6 months - 5 years
Min Trading Time
2 years
Completion Timescale
5 days
Product BSL0003 - Apply Now
Rates From
6%
Min - Max Loan
£500 - £25,000
Funding Type
Start Up Loan
Min-Max Term
1 year - 5 years
Min Trading Time
Startups Only
Completion Timescale
2 weeks
Product BSL0004 - Apply Now
Rates From
6.4%
Min - Max Loan
£25,000 - £2,000,000
Funding Type
Business Loan
Min-Max Term
6 months - 5 years
Min Trading Time
2 years
Completion Timescale
1 week
Product BSL0005 - Apply Now
Rates From
6.84%
Min - Max Loan
£5,000 - £150,000
Funding Type
Business Loan
Min-Max Term
1 year - 5 years
Min Trading Time
18 months
Completion Timescale
5 days
Product BSL0006 - Apply Now
Rates From
7%
Min - Max Loan
£10,000 - £150,000
Funding Type
Business Loan
Min-Max Term
1 year - 5 years
Min Trading Time
3 years
Completion Timescale
2 days
Product BSL0007 - Apply Now
Rates From
8%
Min - Max Loan
£1,000,000 - £5,000,000
Funding Type
Business Loan
Min-Max Term
3 months - 5 years
Min Trading Time
1 year
Completion Timescale
2 weeks
Product BSL0008 - Apply Now
Rates From
9.9%
Min - Max Loan
£1,000 - £15,000
Funding Type
Revolving Credit
Min-Max Term
1 month - 1 year
Min Trading Time
1 year
Completion Timescale
2 days
Product BSL0009 - Apply Now
Rates From
10%
Min - Max Loan
£150,000 - £1,000,000
Funding Type
Business Loan
Min-Max Term
3 months - 3 years
Min Trading Time
1 year
Completion Timescale
2 weeks
Product BSL0010 - Apply Now
Rates From
12%
Min - Max Loan
£50,000 - £250,000
Funding Type
Business Loan
Min-Max Term
3 months - 2 years
Min Trading Time
1 year
Completion Timescale
5 days
Product BSL0011 - Apply Now
Rates From
18%
Min - Max Loan
£5,000 - £1,000,000
Funding Type
Business Loan
Min-Max Term
1 month - 4 years
Min Trading Time
6 months
Completion Timescale
2 days
Product BSL0012 - Apply Now
Rates From
18%
Min - Max Loan
£10,000 - £150,000
Funding Type
Business Loan
Min-Max Term
1 month - 15 months
Min Trading Time
2 years
Completion Timescale
5 days
Product BSL0013 - Apply Now
Rates From
21.6%
Min - Max Loan
£5,000 - £100,000
Funding Type
Business Loan
Min-Max Term
1 month - 1 year
Min Trading Time
2 years
Completion Timescale
1 day
Product BSL0014 - Apply Now
Rates From
24%
Min - Max Loan
£1,000 - £100,000
Funding Type
Business Loan
Min-Max Term
6 months - 5 years
Min Trading Time
Startup Accepted
Completion Timescale
5 days

How Our Business Loan Comparison Works

Applying for a business loan through ABC Finance Ltd couldn’t be easier. Follow our five-step process to find the best deal for you.

1Compare products and apply online instantly.
2One of our experts will cross check your application to ensure you meet the criteria fully. They will also alert you if they believe there’s a cheaper, or more suitable product available. Before proceeding, we will give you the opportunity to switch, if you prefer the new product.
3We process your application and work with you as needed to ensure your loan application has the best chance of success.
4Your loan application is approved.
5The funds are sent directly to your chosen bank account.

Save Money On Your Business Borrowings

Finding the right loan for your business can be tricky. In the past, identifying the best business loan rate has meant spending hours submitting multiple applications across a huge range of lenders.

With our new business loan comparison tool, you can save time and money by finding the right product for you instantly.

We want SMEs in the UK to thrive and we’re proud to make the process of borrowing money at rock bottom rates simple.

Realistic Drawdown Schedule

On top of borrowing at the lowest possible rates, we know that businesses sometimes need to raise money quickly. With this in mind, we have added a realistic completion timescale to the comparison. This means you can weigh up both the cost and the time taken to complete the loan.

This is a guide to how quickly we feel the application can be completed based on our experience, meaning you can be sure your application will complete on time. We aim to be realistic from the start.

The completion timescale may differ from the estimate, but our goal is to always get your funds as quickly as possible.

Cascading Applications

If you apply online for the product of your choice and the application is declined, we will find the next best loan for you.

This means we can switch your application to a new lender without having to ask you for all your information again.

If we feel your application isn’t going to be acceptable, one of our expert advisers will discuss this with you upfront. This ensures you don’t waste time with applications that are unlikely to succeed.

Compare Business Loans

When comparing your business loan options, it’s important that you consider the total cost of borrowing. People will often be attracted by the lowest rate, but this isn’t always the best way to go.

We have provided our business loan comparison to enable you to understand the options available and completion timescales.

There are a lot of products available, all designed to provide you with working capital. Before taking out a business loan, it’s worth considering not only the different business loans but also other types of finance.

Depending on your circumstances, it may be worth considering invoice finance, asset finance, merchant cash advances and revolving credit.

Different products offer varying levels of security to the lender and as such, the amount you can borrow will also differ.

Comparing The Total Cost Of Finance

In addition to comparing the different business finance products, it’s important that you consider any other costs. Some lenders charge an arrangement fee, whereas others don’t. This will affect the total cost of finance.

Monthly Payments vs. Total Interest Paid

There is a compromise between affordable monthly payments and the total cost of credit. When choosing the term of your loan, both are important. As the term of the loan increases, the monthly payment usually reduces, but the total cost of the loan increases. This is illustrated in the below table:

Loan AmountInterest RateTermMonthly RepaymentTotal Interest
£30,000.0010%1 year£2,637.48£1,649.76
£30,000.0010%2 years£1,384.35£3,224.40
£30,000.0010%3 years£968.02£4,848.72
£30,000.0010%4 years£760.88£6,522.24
£30,000.0010%5 years£637.41£8,244.60

As you can see, increasing the term of the loan can have a significant impact on not only the monthly repayment but also, the total cost.

Apply Online Or Talk To An Expert

We work hard for our clients and pride ourselves on making the process easy. With this in mind, we aim to give you multiple service levels.

You can compare loans online, choose the product yourself and apply instantly. Alternatively, if you’re not sure which product is right for you, enquire online or call us on 01922 620008 and one of our advisers will talk through your options.

Whichever route you choose, we won’t charge you a broker fee for arranging your application – saving you money.

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