Loans for Small Businesses
If your company is looking for a small boost, why not look into loans for small businesses? They could be an ideal way of starting or growing your enterprise. Our small business loans are intended to give much-required working capital. Business loan customers payback on a small and frequent basis, generally daily or weekly to support cash flow management. Getting a business loan can be advantageous for your business. Loans for small businesses can help to turn your plans for your enterprise into a reality.
When should I get a Business Loan?
A good time to apply for a short term loan would be sooner rather than later as opposed to close to when you need it. Stable sales and sound cash flow increase your odds of approval for a loan for your small business. Like they say, failing to prepare can be preparing to fail. So, if you know that you’ll need capital in a year for a future project, for example, it would a good time to start evaluating the options you have.
What are the Eligibility Requirements for Business Loans?
Conveniently, in the UK, there are a few basic qualifications for taking out a personal loan in the UK:
- You reside in the UK
- Must be aged 18 or over
- You have (or plan to start) a UK-based business that’s been fully trading for less than 24 months
Why Choose PM Loans?
We have our customers’ best interests at heart at all times. As well as offering superior loan services we additionally offer:
- tips on boosting your credit score
- budgeting
- ways to better your money management
- and many more
Our process for securing you a loan is clear and the application process is straightforward to fill out and receive your cash. We’re regulated and authorised by the FCA, and we pledge to lend responsibly and efficiently to our customers.
Hundreds of people favour us because of our swift speed of service to help you when it’s needed the most. We believe in granting everyone the ability to get themselves out of unexpected situations and go back to normal.
- Fast and simple. You’ll receive a response for your application on the same day if not the next working day
- Flexible payments. With our flexible loan calculator, you choose how much to borrow and also choose how long you’ll be borrowing that amount for
- Ongoing support. We always try to offer you the best finance deals for your needs.
- Lender and broker. As we’re both a lender & a broker, you have access to a broad and diverse range of different products and lenders. Allowing them to source the perfect loan for you.
Is a Small Business Loan right for you?
Being a small business owner, you may be considering a small business loan as a way of starting or growing your enterprise. However, it depends on what the loan is needed for. It depends on how developed your company is too. Owning a seasonal business is a good example of how it depends. Reason being that it might be difficult to repay the loan on an off-peak season for your company.
How do I apply for a Business Loan?
Applying for a PM Loans loan just requires you completing our short and clear online application form. The information that we need from you will allow us to confirm:
- Your identity
- Whether you’re able to afford the loan repayments
- The status of your credit
You’ll also need to present a statement of income and expenditure with a copy of ID (driving licence or passport is fine). So if you’re ready to apply, click the button below!