Small Business Loans for Bad Credit
Secured business loans for bad credit with fixed rates for up to 15 years, available to new and existing Limited Companies and LLPs, secured against your home or buy-to-let property
Fixed Rate & Interest Only Loans Available
Loans For Any Business Purpose
Deal Direct With The Lender
BAD CREDIT? NO PROBLEM
Small Business Loans For Bad Credit
Equiddy.com Secured Business Loans for Bad Credit are available for Limited Companies and LLPs
Business Loans Available for New Limited Companies
Equiddy.com company loans can be used for any business purpose
Small Business Loans can be used to pay bills including HMRC, consolidate exisiting debt, buy new stock or equipment or simply for cashflow purposes to cover seasonal demands.
BAD CREDIT
Loan Declined For Bad Credit
Missing mortgage payments, other missed loan payments, CCJ’s (County Court Judgements), bankruptcy etc, perhaps your business is a new start or maybe you haven’t had a track record of credit agreements in the past.
Declined For An Unsecured Loan
Cash Flow Issues
Limited Funding Options
There’s a better way to do it.
Equiddy.com could provide a viable funding solution for you with a secured business loan
Invest In Your Business
Equiddy.com Small Business Loan For Bad Credit
Our secured business loans take into account your current business performance. We look at how you’re doing day to day, which is how you run your business.
Tailored Loan Solutions: We work with you to create a funding solution that suits your business
Higher Loan Acceptance Rate For Qualified Businesses
Predictable Repayment Structure: Fixed Repayments, Fixed Term
Are you Eligible For A Small Business Loan For Bad Credit?
If you meet the below criteria, you maybe elgiible for a small business loan
A Director of a Limited Company in England or Wales
Own a Property that could be used as loan security
You have a business bank account
Secured Loan Repayment Calculator
Access loan funding from £25,000 to £250,000 within 24 hours of approval. Check your eligibility in less than 5 minutes with no obligation. Apply for in principle offer of funds with no application costs.
EQUIDDY.COM SMALL BUSINESS LOAN
Benefits Small Business Loans for Bad Credit
A secured business loan allows companies with bad credit to take out loan by utilising their property as loan security. Here’s why it might be the right option for your business:
Higher Loan Acceptance Rate
It can be difficult to qualify for a loan with a bad credit rating or just being a start-up business. You can improve your loan approval prospects and reduce the Lender’s exposure to risk by offering a property as collateral (such as your residential, HMO, Commercial or Investment Property) for your loan.
Higher Loan Amounts
A Secured business loans allows you to access a larger loan amount compared to an unsecured loan. Since the loan is backed by a property asset, we are more willing to offer higher loan amounts, making it a more suitable option for a business that requires increased capital input.
Preserving Ownership and Control
Unlike seeking equity investors, a secured business loan allows you as the business owner to retain full ownership and control of your company. The Lender’s interest is limited to the property asset, and they do not become shareholders in your business.
A Rate that is more competitive
The interest rate on a secured business loan is typically much lower than that of an unsecured business loan or the cost of an equity Investor requirement. The presence of property assets reduces the lender’s risk, typically leading to more favourable loan terms and lower interest rates.
How It Works
There are five steps to obtaining an Equiddy.com Secured Business Loan.
Apply For Secured Business Loan
Contact us with your request for finance either by phone or online and within 4 business hours we will contact you with an illustration of the terms and the underwriting requirements to be satisfied to fund the loan.
Complete The Initial Paperwork
If you are happy to proceed, send us the completed application form and the property details so we can confirm the valuation fee payable for inspection of the property.
Valuation & References Requested
You make the payment direct to the valuer and the valuation is arranged at a time to suit you and while that is happening the references are requested. We will let you know what we need before we send the reference requests.
Signing
You will need to arrange a meeting with your solicitor to sign the legal paperwork which then needs to be returned to us. You can wait to find out the references and valuation are okay before visiting solicitors or arrange this immediately to speed matters along.
Release of Funds
Once we have received all the signed paperwork and any other documents required along with satisfactory valuation and references we will need to speak to you to make sure you’re happy for the loan to complete and then the loan funds will be sent to your nominated business bank account usually the same day.
Secured Business Loan Representative Example
If you borrow £25,000 over 10 years at an interest rate of 20.8% APR (fixed) you would pay £467.98 per month. The total charge for credit would be £31,157.60. The total amount repayable would be £56,157.60. A lenders legal and admin fee may be payable which would increase the total amount repayable and the APRC. For loans up to £25,000 the standard fee is £795 and £1395 for larger loans.
YOUR HOME IS AT RISK IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR OTHER LOAN SECURED ON IT