Forbes Burton → Business Advisory Services → Small Business Loans – 90% Approval Rate with Alternative Funding

Small Business Loans – 90% Approval Rate with Alternative Funding

Key Contact

Ben Westoby

[email protected]

Need a small business loan quickly? Get finance for your business in the shortest time possible. We specialise in getting loans for limited companies to help you resolve cash flow issues or grow your business – we make funding easy...

Kyle Humphries - Giftstop Ltd

Fantastic service, the person I was dealing with was Emma Blyth. She was brilliant, friendly and knowledgeable. Would recommend to anyone.

Small Business Loans

Alternative funding

Unlike traditional small business loans from a bank, our partners offer alternative small business funding solutions.

Usually banks require huge amounts of paperwork and make you jump through a lot of hoops to apply. Traditional bank loan approval rates are currently less than 50%. Not only that but it can sometimes take weeks, if not months, to get approved.

90% Approval rate

Our small business funding partners approve over 90% of applicants and in some cases you can even receive funding in as little as 24 hours.

Whether you are in need of unsecured revenue based working capital, asset based loans, merchant cash advances, or invoice financing, we work hard to find a home for your business’ financial needs.

Get in touch today

If you think securing business finance would be best for your company call us on 0800 975 0380 now (free for mobiles and landlines) or email [email protected]

How we can help you

Serving all UK companies
Helping thousands of UK companies

Our funding solutions are ideal for all business owners. Regardless of what industry you are in or where your business is located, you can apply for finance for your business; with some even being approved in under 24 hours.

You are in complete control
We believe in being transparent

Our network offers you access to quick and easy working capital to meet your individual business requirements to help with expansion, new hires, inventory, training, maintenance, upgrades, and cash flow.

Simple business finance
Anytime, anywhere, any purpose

Funding your small business with us is simple and fast, whether you are at work, at home or on the move. Get started now and you could receive finance for your small business in a matter of hours.

Our range of Business Finance products

We have a range of funding solutions which suit different situations and we’ve listed a few of the more common types below.

Fast Business Loans

Borrow for cash flow, stock or investments. Fast and fair decisions.

How much can you borrow?

Between £2,000 – £200,000

For how long?

Between 3 and 12 months

What is the interest rate?

Typical rates start at 5% per month

Invoice Finance

Release the cash tied up in invoices and we’ll chase it for you! Also available on individual invoices.

How much can you borrow?

Up to £5m

For how long?

Unlimited – it’s an ongoing contract

What is the interest rate?

Competetive

What is invoice financing?

In simple terms, Invoice Financing, also know as Invoice Factoring, is a way of selling your invoices to a factoring company or ‘provider’.
The factoring company will then instantly provide, or pay you, between 80-90% of the cash tied up in an invoice, so you can get back to running your business with money in the bank.

Call our team for free, no-obligation advice today on 0800 975 0380.

How does invoice finance work?

You raise an invoice as normal when you make your sale

You’ll then copy the invoice over to your provider or factoring company

They’ll quickly verify the invoice before paying you up to 90% of the invoice total – instantly

By boosting your cash flow this helps you to pay bills, invest in stock and expand your business

Cut down the time you spend on credit control

Our invoice finance services

Within our Invoice Finance options are, factoring, invoice discounting and spot factoring/ single invoice factoring. Although all work in a similar way each is slightly different and works best in different situations.

Invoice Factoring – Factoring is a service where a lender makes an advance to your company, based upon the value of your invoices. Typically, they will lend up to 90% after assessing the quality of your invoices. The factoring company will then chase your invoices for you, before claiming what they are owed, along with their fees, and then returning the remaining balance to you.

Invoice Discounting – Invoice Discounting works in a very similar way to factoring. However, it is normally for larger, more established businesses who want a confidential facility whilst retaining their own credit control function. During the process of invoice discounting, the business will collect its own invoices, accounting to the factoring company for any amounts due.

Spot factoring/Single invoice – This is a fairly new product in the UK and can act as a stop gap to bridge short term cash flow issues. Spot factoring provides you with working capital in exactly the same way as factoring and discounting. It is designed to meet one-off cash flow shortages and doesn’t require the same long-term commitment. Spot factoring can cost more in fees so companies that require regular facilities will find full factoring or invoice discounting more cost-effective.

Loans

A flexible longer-term business loan to use for whatever you want and whenever you need it.

How much can you borrow?

£7,500 to £250,000

For how long?

From 3 months to 2 years

What is the interest rate?

From 5% per month

Asset Finance

Purchase the equipment your business needs without having to pay the large upfront costs.

How much can you borrow?

Up to £1m per individual customer

For how long?

From 1 year to 5 years

What is the interest rate?

Competitive

Construction Finance

Get access to the money tied up in outstanding applications for payment

How much can you borrow?

Up to £1.5m

For how long?

Unlimited rolling contract

What is the interest rate?

Competitvely priced

Bridging Loans

Get the funding you need until you get the long term property finance.

How much can you borrow?

£50,000 to £1.5m up to 75% LTV

For how long?

Up to 18 Months

What is the interest rate?

From only 0.95% per month

Agricultural Finance

We have finance solutions for any agricultural need

With years of experience in the sector, and great relationships with a comprehensive list of lenders, we’re well placed to provide the best deal possible for your business.

Expansion – When it comes to the agriculture industry, you never know when the opportunity to purchase more land can come available. If you’ve spotted land for sale that you believe can push your business further forward, take action now to secure it. Our agricultural loans will help you to acquire the extra space you need to get to the next level.

Diversification – Farming and agriculture is one business where it definitely doesn’t pay to keep all your eggs in one basket. Take steps to ensure that your business isn’t overexposed to one risk by branching out into other adjacent fields. We can provide the help you need to purchase the specialist equipment and other items required.

Agricultural vehicles – Dependable agricultural vehicles are far from inexpensive, and can soon take a significant chunk out of any cash reserves your business may have. By utilising our low-rate specialist loans however, you can secure the perfect vehicle for the job, without breaking the bank.

Fleet Vehicle Finance

Find the right finance structure for you

Each business is unique, which is why we offer several different financing options to suit every type of company. We can talk through your options to help you find the right financing structure for you.

Hire purchase – Spread the cost of your vehicle over fixed monthly payments, allowing you to know exactly how much is outgoing each month. You can pay a low deposit and be on the road almost instantly, with the vehicle completely owned by your business at the end of the contract.

Finance lease –This is a great option for businesses keeping a close eye on their cash flow. You can expect to pay a low deposit, or none at all, making this one of the easiest ways to get on the road quickly. You only pay VAT on the rental price too, rather than the purchase price. Add the fact that you may be able to offset your payments against your taxable profits, and you can see why this is a popular option.

Contract hire/operating lease – Vehicles purchased solely for business use can have 100% of their VAT claimed back. Like a hire purchase deal, payments are spread over fixed monthly fees, but because you hand the vehicle back at the end of the agreement, you have no need to worry about depreciation, or including it on your balance sheet.

Low-maintenance fleet solutions

With several vehicles on the road at once, chances are that you may run into some maintenance and repair needs at some point. Our financing service includes options to provide all of the maintenance, repairs, and routine services your vehicles need during the term of your contract.

With breakdown recovery, tyre replacement, and MOTs included too, our vehicle maintenance solutions are a popular option for those wishing to bundle everything into a simple monthly payment. With everything taken care of, you can rest assured that you won’t be hit with surprise bills that can impact upon your working capital.

Advanced tracking and telematics solutions

More and more business owners are utilising the power of telematics to streamline their fleet operations. There are a number of different ways to leverage this technology to serve your business, with solutions available that track driver behaviour, engine diagnostics, and vehicle location. We have access to providers that can work closely with you to determine exactly what it is that you want from your telematics service, and deliver a bespoke solution.

How to get started

Ready to get your business funding?

Call us on 0800 975 0380 now (free for mobiles and landlines) or click here to start your application.

How we work

With over 60 years worth of experience, our team are well placed to deal with the most complex of business issues. Understanding the landscape is critical. We have a wide range of tools at our disposal to effectively assist you and your business. Let us help you deal with any urgent and difficult situations your company is now facing.

Step 1

You discover our services

Take a look through our free resources, case studies, and reviews from our clients. You can then decide whether you would like us to handle your problems with one of our range of solutions.

Step 2

You get in touch with us

We do not charge for any initial discussions or meetings. Call us on 0800 975 0380 or email us on [email protected] safe in the knowledge that your conversation will be completely free of charge and no-obligation. We only charge once we have been instructed by you.

Step 3

Talk with our advisors

A cornerstone of our work ethic is confidentiality. We will discuss your options with complete confidentiality while we provide you with the correct advice. We absolutely will not discuss or pass on your details to any other parties without your express consent.

Step 4

Understand your options

We'll discuss the various options available to you, again this is free of charge. You can then decide if you want us to help you. All of our fees are clearly documented and therefore you don’t need to worry about any hidden costs. Forbes Burton is recognised for our clear, honest, and professional advice.

Step 5

We prepare the solution

If you decide to let us help you and your business we start work straight away, taking the stress and hassle away from you and giving you peace of mind. We'll let you know what is happening at all stages so you know everything is being taken care of.