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Typical Rate
From 4% p.a.
Typical Term
3-15 years
Min Annual Turnover
£500,000+
Security
Security (property or business assets) is typically required
About £1,000,000 business loans
Borrowing £1,000,000 requires lenders who specialise in larger facilities. At this level, a personal guarantee or asset security is typically required, and the underwriting process is more detailed. Spark Finance's senior advisors work with specialist lenders who are comfortable with transactions of this size, helping you package your application for the best outcome.
Common uses for a £1,000,000 loan
- Property purchase or development
- Acquisition of a business or trading entity
- Refinancing a portfolio of existing debt
- Large capital equipment or machinery
- Management buyout or buy-in funding
Frequently asked questions
Other loan amounts
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