ActivoTurbo: Business finance solutions
ActivoTurbo: Business finance solutions
Secured Business Loans allow businesses to borrow funds by offering valuable assets such as property, equipment, or land as collateral. This reduces the lender’s risk, resulting in lower interest rates, higher loan amounts and longer repayment terms.
Unsecured Business Loans provide businesses with fast access to funds without requiring collateral, making them ideal for companies that lack assets or prefer not to secure their loan. These loans typically come with higher interest rates and lower borrowing limits.
Working Capital Finance are short-term solutions designed to help businesses cover daily operational expenses, manage cash flow gaps, or handle seasonal fluctuations. Examples include Invoice Financing, Instant VAT Refunds, Business Credit Card, and eCommerce Finance, and Merchant Cash Advance.
A Revolving Credit Facility is a flexible financing option that allows businesses to withdraw, repay, and re-borrow funds as needed, similar to a business overdraft. Businesses only pay interest on the amount used, making it a cost-effective solution for managing cash flow fluctuations and short-term financing needs.
Our free application process will give you the help needed to assess and decide which options are best.
A small business loan provides funds for various business needs, like start-up costs, expansion, or working capital, and is typically repaid over a set period with interest. The loan amount can range from £1,000 to £500,000 with repayment terms up to 25 years.
Business loans can be used for almost any legitimate business activity, such as buying equipment, real estate, plant, vehicles, machinery, or to expand business operations..
A secured business loan requires you to offer an asset as security against the amount borrowed, which could include property, equipment, or invoices. If you can’t repay the loan, the lender can seize the asset to recover the debt.
An unsecured business loan doesn’t require any collateral to secure it. Approval is often quicker, but interest rates might be higher because the lender takes on more risk.
A revolving credit facility is a flexible line of credit that lets you draw down, withdraw, and repay funds as needed. Interest is charged only on the amount you’ve drawn, and your credit limit replenishes as you pay it back.
The amount you can borrow depends on factors such as your business’s turnover, credit score, the type of loan, and any available assets. For secured loans, you can typically borrow 50-70% of the value of the asset you’re using as security, with amounts potentially ranging from £5,000 to £5 million.
Interest rates can vary significantly based on the type of loan, your business’s creditworthiness, and the overall economic climate. Secured loans typically offer lower interest rates than unsecured loans.
Secured loans often have lower interest rates and allow you to borrow larger amounts. However, they require you to pledge assets as security, which you could lose if you default.