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Business Loans for UK SMEs

TMS Finance ▬
Business Loans

▬ BUSINESS LOANS For UK SMES ▬

Funding Growth

Protect cash flow and act on growth opportunities without relying solely on your bank. Whether you need funding for stock, wages, equipment, expansion or refinancing, TMS Finance will assess the amount, purpose, affordability and timescale. We then explain realistic options from suitable UK lenders.

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Initial eligibility checks can usually be completed without affecting your credit score. TMS Finance is a credit broker, not a lender. All funding is subject to lender criteria, affordability and approval.

▬ What can business loans be used for ▬

Flexiable business loans built around you

Business loans are flexible, but the purpose still matters to the lender. Common uses include:

  • Funding working capital while customer receipts catch up with wages, materials or overheads
  • Buying stock in advance of seasonal demand or a confirmed sales opportunity.
  • Hiring staff, marketing a proven offer or opening another location.
  • Refurbishing premises or funding fit-out costs that are not suited to asset finance.
  • Acquiring another business, subject to appropriate due diligence and lender appetite.
  • Refinancing expensive or poorly structured borrowing where the new facility improves cash flow or control.
  • Funding equipment or vehicles where a term loan is more suitable than asset finance.

Unsecured Business Loans

An unsecured loan does not normally require a specific business asset to be charged to the lender. The lender will focus heavily on trading performance, cash generation, credit history and the strength of the directors.

A personal guarantee is commonly requested and creates a personal obligation if the company cannot repay.

Secured Business Loans

A secured loan uses property or another acceptable asset as security. This can support larger or longer-term borrowing in suitable cases, but the asset is exposed if repayments are not maintained.

Valuation, legal and security costs may also apply

How TMS Finance Helps

  • We establish the amount, purpose, timescale and realistic repayment capacity.
  • We identify the documents lenders will need and address gaps before submission.
  • We compare suitable routes and explain the cost, security and commitments before you decide
▬ What we need from you ▬

Required Info..

Requirements vary by lender, but typically include:

  • 6 Months Business Bank Statements
  • 2 Years Busines Accounts.
  • Details of existing borrowing
  • Amount Required and intended use
  • Director Information and Consent

Business Loan FAQ's

Here are some of the main questions that we get asked.

Possibly. Unsecured lending normally depends on trading history, affordability and the directors’ credit profile. A personal guarantee may still be required.

Many lenders request one from directors or shareholders. The scope varies, so understand the amount covered and the circumstances in which it could be called.

An initial review may use information that does not leave a visible hard search. A lender may carry out a credit search before making a formal offer. We will explain this before submission.

Timing depends on the lender, documents, credit checks and any security. Complete information usually prevents avoidable delays, but no completion date should be assumed until the lender confirms it.

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Send us the amount required, intended use and target date. We will tell you what information is needed and whether a loan or another facility is the stronger option.

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▬ KNOWLEDGE HUB ▬

Industry Insights

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