Business Loans for Bad Credit

Not the best credit history? We can help!

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    Business Loans for Businesses with Bad Credit

    When running a business, financial challenges can arise when you least expect them. If you have a less-than-perfect credit history, getting approved for the business loan you need can feel like an uphill battle. However, if your business is established and has strong cash flow, loans are still within reach.

    At First Oak Capital, we believe every business deserves a chance to grow and succeed, regardless of its credit score. That’s why we specialise in helping UK businesses secure loans, even with bad credit.

    Most Viable Loan Options for Businesses with Bad Credit

    1. Invoice Financing
    For businesses with outstanding customer invoices, invoice financing allows you to access funds tied up in unpaid invoices. This option is particularly suitable for maintaining cash flow without taking on additional debt.

    2. Asset Finance
    If you need equipment or vehicles, asset finance allows you to spread the cost over time while using the purchased asset as collateral. It’s an excellent option for businesses looking to grow without straining their finances.

    3. Merchant Cash Advances
    Ideal for businesses with steady credit card sales, merchant cash advances provide an upfront lump sum in exchange for a percentage of future card transactions. This can be a flexible way to manage cash flow during busy seasons.

    4. Short-Term Loans
    Short-term loans offer quick access to funds with manageable repayment terms. These are well-suited for covering urgent expenses or taking advantage of unexpected opportunities.

    business loans for bad credit

    Common Reasons for Needing a Loan with Bad Credit

    • Covering cashflow gaps during slow periods.
    • Funding new equipment or vehicles to grow your business.
    • Paying VAT or corporation tax bills on time.
    • Managing unexpected expenses or repairs.
    • Financing a business acquisition or expansion.

    Whatever your reason, we’re here to help you find a solution that works.

    How We Can Help

    1. Access to Specialist Lenders
    Traditional lenders may reject applications from businesses with bad credit, but we have partnerships with unique lenders who focus on the bigger picture. They consider your business’s potential, not just its credit history.

    2. Customised Loan Solutions
    Every business is different, and so are its financial needs. We’ll work with you on a personal level to identify the best loan type and repayment structure for your circumstances, ensuring you get the right fit for your goals.

    3. Quick and Simple Process
    We understand that time is of the essence, especially when cash flow is tight. Our streamlined process means you can focus on running your business while we handle the paperwork and negotiations.

    business loans for bad credit uk

    Don’t Let Bad Credit Hold Your Business Back

    With First Oak Capital, securing business loans for bad credit is not just possible but achievable, giving your business the support it needs to thrive. Our mission is to help you secure the funding you need to keep moving forward. With our expertise and lender network, we’ll find a solution that fits your needs, so you can focus on what matters most – growing your business.

    Contact Us Today
    Call us or complete the form on our website to get started. Let’s find the right funding solution for your business.

    Frequently Asked Questions

    Q: Can I get a loan if my business has bad credit?
    A: Yes, we work with lenders who consider factors beyond just your credit score, such as your business’s cash flow and overall potential.

    Q: What types of loans are available for businesses with bad credit?
    A: Options include invoice financing, asset finance, merchant cash advances, and short-term loans tailored to your business needs.

    Q: How do I increase my chances of approval?
    A: Having a strong cash flow, organised financial records, and a clear purpose for the loan can improve your chances.

    Q: How long does the application process take?
    A: Our streamlined process ensures a quick turnaround, often providing funding in days rather than weeks.

    Q: Will applying for a loan affect my credit score?
    A: In most cases, initial checks won’t impact your credit score. We only proceed with applications that are likely to be approved to minimise unnecessary credit checks.

    Business Loans

    Check your eligibility with our online form without affecting your credit score.

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    Matt Whiteman

    I do hope you find this page useful

    If you want my team at First Oak Capital to help you arrange finance, just book a call.

    BOOK A CALL

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