As the director of an incorporated business, you might need a limited company loan to help with growth or manage cash flow during challenging times.
Limited company loans are a specialist type of business finance available to help limited companies. As a limited company, you can apply for the loan with flexibility on how and when you make repayments and with competitive interest rates.
To apply for a limited company loan, it’s always best to speak to a specialist broker with access to the wider lending market.
We as a business financial broker can help you decide what type of loan to apply for based on your company’s situation and needs and guide you through the application process.
As soon as we have the following information, your broker can talk you through your options and get the ball rolling:
Loans for limited companies can be used to meet various business needs. They are often best suited to situations where an injection of cash will bring quick returns, such as business expansion, marketing efforts, purchasing new inventory or equipment, and taking on more staff.
But, while a loan can help a business meet growth demands, it can also be useful to tide things over when times are challenging or there is a shortfall in working capital. A loan may help a business meet an upcoming corporation tax bill or pay for necessary repairs on equipment and premises.
A limited company loan can be an excellent solution in many scenarios, giving you access to much-needed funding in the short term with the flexibility to make repayments over a period of 1-5 years.
You can apply for a limited company loan from as little as $50,000 up to $5,000,000 depending on your company’s size and annual turnover.
Lenders will assess each application individually and make an offer depending on their risk assessment.
One of the main benefits of applying for a business loan as a limited company is that you will be viewed as less of a liability than a sole trader, which means you should be able to borrow more.
Most limited company directors opt for unsecured loans because no business assets are available to use as security for the loan. Unsecured loans require an individual, such as a director or shareholder, to act as a personal guarantor. In many cases, you’ll find it easier to get a secured loan for your limited company if you are a homeowner.
It’s always important to consider the personal risk of guaranteeing an unsecured loan for a limited company. But often, the benefits outweigh the risks. Retaining ownership of your company is a huge advantage when using a business loan rather than selling shares to raise the necessary funds.
Getting a business loan can be easy when you have professionals helping every step of the way. Our team of specialist brokers have extensive knowledge of the market and can offer you expert guidance.
We can advise you on the best path for your company and will help you find the financing that you need.
At Prime Funding Brokerage we can guide you through every step of the loan application, find the right loan to suit your business and help you with documentation to give you the maximum chance of a successful application.
If you’re looking for funding for industrial projects, a startup, real estate, international construction, or even to renovate your home, start a business, or get a personal loan, Prime Funding brokerage will help to make your goals a reality.
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Interest rates vary based on the loan type, your business's financial health, and your creditworthiness. Rates generally range from 3% to 5%. Repayment terms can range from a few months to several years. Specific details will be included in your loan agreement.
Approval times vary, but most applications are processed within 24-48 hours. Once approved, funds can typically be disbursed within 1-2 business days, depending on the type of loan.
Global business loans are financial solutions tailored to support businesses in expanding their global reach, engaging in cross-border trade, or acquiring assets internationally. These loans can be used to fund a variety of activities, including setting up foreign branches, purchasing international property, or financing significant export/import transactions.
The application process is simple and can be completed online. Typically, it involves: Filling out an online application form Providing necessary documentation (e.g.,Id, tax returns, bank statements, business plan, Business Rig documents Once approved, you'll receive your loan offer, and upon acceptance, the funds will be transfer in your account.
Loan amounts vary depending on the type of loan and your business's financial profile. We offer loans ranging from a few thousand dollars to several million dollars. You can apply for the amount you need, and our team will work with you to determine what you qualify for.
