We have a wide range in our panel. Within the 250+ lenders we work with, we have multiple different forms of banks, such as high-street banks, challenger banks, and peer-to-peer lending. These allow for the product you opt for to be tailored to you, and your business in the ways you want. The products offered also vary between lenders, allowing for flexible repayment terms to be discussed.
Who can apply for a business loan?
Anyone can apply for a business loan as long as you have a limited company, or a partnership. No matter how big or small, you can apply for a loan, although your loan amount will depend on the size of your business. It will also depend on the strength of your business profile, such as your turnover, your profit and loss,, and your balance sheets. Most lenders have a minimum turnover, as well as a minimum trading history. This is displayed on your annual accounts, which will need to be filed in order to get a business loan, unless you are a new start-up.
Jamie Davies
Managing Director
As a founder of multiple businesses, Jamie believes that mindset, discipline and ambition are key drivers for success, both for his businesses and for his clients.
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The first steps towards the funding your business deserves
Disclaimer: Spark Finance Ltd (Registered office - 18 John Stow House, London, England, EC3A 7JB, Registered Number 10128297) helps UK firms access business finance. Spark is a credit broker, not a lender. Any quotes provided are for information purposes only and subject to status and separate lender terms and conditions. Applicants must be aged 18 and over. Guarantees and Indemnities may be required. Spark Finance may receive commission from lenders which may vary depending on the lender, product, or other permissible factors. The nature of any commission model will be confirmed to you before you proceed.
Spark Finance Ltd is authorised and regulated by the Financial Conduct Authority in the UK (FRN 958123).