What is a Business Loan?

A business loan is designed for a wide range of small, medium and start-up business needs including the purchase, refinance and expansion of a business. If you run your own business, it is likely that you will need funds at different points of time for various needs. Whether it is starting or expanding business, purchasing or leasing office space, refinancing equipment or restructuring your balance sheet.

A business loan is an option that provides the most flexible solution to meet your financial needs. Finance is the lifeblood of a business. Without it you cannot grow.

Business loans are generally available from £25,000 to £1,000,000 at highly competitive interest rates from leading commercial loan lenders. A business loan generally has low up front payments.

Applying for business loans is a more involved process than applying for a personal loan. The requirements for a business loan are evaluated differently and the standards to be met are stricter.

Your options will also depend on the bank you are dealing with; banks offer different loan packages, each with its own particular set of terms and conditions. While you can check out what your own bank has to offer, it is worth investigating the business loans being offered by other banks as well.

One of the many advantages of taking a business loan is that it allows you to retain full ownership of the company whereas if you were to raise funds through investors, you would have to share the profits with them. In case of a business loan, you have to only the interest to pay back.

Another advantage is that you can use the loan for any business related purpose, such as buying machinery, office equipment or paying off a pressing debt without using the cash and working capital for these purposes.

A business loan can be secured by all types of business property, commercial and residential properties. Business loans are normally offered on Freehold and long Leasehold properties with Bricks and Mortar valuations required.

Business Loan rates are variable, depending on status. Your monthly repayments will depend on the amount borrowed and term.

To get approval for your loan application, you must be able to meet the lending criteria set down. Some organisations are more risk averse than others, and will therefore have more stringent criteria.

To vastly increase your chances of a successful business loan application, you will need to present the following information:

The reason for the loan

The amount required

Details of how you will repay the amount borrowed.

Details of security you will be able to offer to the lender.

Business Plan

You may freely reprint this article provided the author's biography remains intact:

John Mussi is the founder of Direct Online Loans who help UK homeowners find the best available loans via the http://www.directonlineloans.co.uk website.

---

Finding an Auto Loan with Bad Credit

Finding an auto loan online is easy regardless of you... Read More

Factoring vs. Bank Loans

Is factoring a type of loan?No. Even though invoice factoring... Read More

Wedding Loans Because Wedding May Be Made In Heaven But They Are Certainly Not Made For Free

Wedding loans because wedding may be made in heaven but... Read More

Getting a Debt Consolidation Loan

Should you find yourself getting in over your head with... Read More

How to Finance a Small Business

Confused by how to finance a small business? One key... Read More

A Consumers Guide to Getting a Bad Credit Loan

Here is a useful guide to getting a bad credit... Read More

Giving Finances a Breather Through Loans for Unemployed

Martin graduated of the college with dreams of a highflying... Read More

Get your Dream Car ? Get a Car Loan

You've probably spent years thinking that your dream car is... Read More

Personal Loans for Bad Credit Can Discipline Repercussions of Negative Credit

Bad credit is like an ongoing battle for many loan... Read More

Finding the Right Online Loan for You

If you're looking for an online loan, you might be... Read More

Do Payday Loans Deserve a Bad Rap?

We have all heard the stories about cash advance lenders... Read More

What Is A Second Mortgage?

A second mortgage is a loan that is secured by... Read More

No Money Down Loans

You want to buy a home but you do not... Read More

Secured Personal Loans: Constructive Structuring for Financial Success

Credit relationships in a social system form an intricate web... Read More

A Guide to Getting a Debt Consolidation Loan UK

If you're getting in over your head with credit, you... Read More

Personal Loans for Unemployed ? Liberating You from the Tangles of Unemployment

Like most of the contingencies (the after effects of unemployment... Read More

Many People Have Realized the Convenience and Benefits of Online Personal Loans

The Internet has provided a whole new dimension to obtaining... Read More

A Guide to Looking for Cheap Online Loans

Cheap online loans may seem hard to come by, but... Read More

No Income Verification Loans ? When Income Doesnt Show on Paychecks

Financial statements, salaries, income proof, documents, paycheck, W-2 forms, 1099's... Read More

Payday Loans ? The Legal Loan Sharking Industry

Laws have been created to protect people against "Loan Shark"... Read More

Payday Loan and Cash Advance Lenders Online - How To Compare Them

When searching for a payday loan company online to get... Read More

The Ins and Outs of Loans for Military

Under the microscope loans for military really are different from... Read More

Payday Loans: How They Really Work!

Payday loan companies gives the borrower the amount of the... Read More

Guide to Secured Personal Loans

Here is a useful guide to secured personal loans. A... Read More

Shopping for a Payday Loan

You wouldn't consider buying a new pair of shoes, a... Read More

Getting Good Value Personal Loans

Over recent years, personal loans have become a popular solution... Read More

Bad Credit Personal Loans ? Pertinent Pedestal for a Financial Resumption

In the arena of loan borrowing, there is hardly an... Read More

Secured Loans Tips

Here are some useful secured loans tips. Secured loans enable... Read More

Personal Loans - To Make A Personalized Financial Agenda

The phrase 'tailor-made' ought to be made for personal loans.... Read More

Fast Cash Payday Loans

If you need cash now there are several options available... Read More

What is an Unsecured Loan?

An unsecured loan is a personal loan where the lender... Read More

Cash Loans for Unemployed ? for an Instantaneous Response to Needs of the Unemployed

Unemployment is generally supplemented with several other vices like poverty... Read More

A Guide to Finding Inexpensive Direct Loans

For those individuals who are looking for fast and inexpensive... Read More