Our facility may be worth exploring if…
You are a director of a limited company with money built up in old or current pensions, you want a fixed rate with no credit check, and you would rather pay interest to your own pension fund than to a lender.
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Compare your finance options
How our facility stacks up against the other ways UK companies borrow.
| Our facility | Bank loan | Asset finance | Invoice finance | Merchant cash advance | |
|---|---|---|---|---|---|
| Credit checks | No credit search | Yes | Yes | Yes, on you and your customers | Usually |
| Rate | 5.00% fixed | Set by the bank, often variable | Fixed or variable | Fees on each invoice | A fixed fee on the advance |
| What it can fund | Any business purpose | Most business purposes | The asset being financed | Cash tied up in invoices | Short-term cash needs |
| Security | Company debenture or share charge, plus a personal guarantee | Often a debenture and personal guarantee | The asset itself | Your invoices | A share of future card sales |
| Term | Up to 5 years | Varies | Life of the asset | Rolling | Until the advance is repaid |
General comparison only. Terms of other products vary by provider.
When each makes sense
Comparing the options
Other finance may be more practical if…
You have little or nothing built up, you need more than £500,000, or you need funds within days. Our facility can also sit alongside other finance.
See if our facility fits your business
Loans from £25,000 up to £500,000. 5.00% fixed. No credit checks.