Start up loans for businesses that cannot prove income
A unique business loan / finance facility for Start ups or Small Businesses - SMEs, who have been refused a loan but have a property they can offer as collateral. The regulated loan is secured against the property without the need to prove income or show an significant Profit or Loss accounts.
As long as the borrower has an asset (property) that has sufficient equity , the regulated funders can make a decision in a matter of hours, if all criteria are met to make an loan offer.
- Commercial Loan, secured on existing Residential Property
- Up to 70% Loan to real value, minus value of existing charge(s)
- A target acceptance/decline decision by our lender within 4 working hours of submission of our Key Details form
- A target to have a facility live within 2-3 weeks of paying legal fees and completion of standard mortgage & insurance questionnaire.