Business Loans

Business loans are one of the oldest forms of business finance, but the options businesses have in terms of where to go to get one continue to grow.

As well as traditional banks, there is a large number of newer entrants into the market offering competitive rates and willing to lend money to businesses hoping to satisfy a range of funding requirements.

Whether you’re looking to raise working capital, purchase an asset or fund your business’s growth, as an independent commercial finance broker with specialist knowledge of the loans market, we could introduce and help you secure the most suitable loan for your business’s needs.

Request a call back

What are the benefits of a business loan?

Provides quick access to money that can be used for any business purpose
Could be an option if the business has no fundable assets
Interest rates may be fixed for the term so you will know the level of repayments throughout the loan period
You do not have to give away a percentage of your profits or a share in your company
Not repayable on demand, unless terms and conditions of the loan are breached

Choosing the right business loan

There are a few different types of business loan that may be better or worse suited to certain companies, business models and funding requirements. Criteria such as credit history, the age of your company, the assets you own and the way you operate may influence your decision as to the type of loan or finance you pursue.

Secured loan

A secured loan uses collateral to reduce the risk to the loan provider, protecting the lender in the event the business defaults on repayments.

Due to the reduced risk, lenders are often prepared to offer higher sums or offer a loan in circumstances where you have a weaker credit history.

Unsecured loan

An unsecured loan is offered based solely on financial integrity, business track record and risk assessment. This is particularly good for businesses who don’t have available assets to utilise as security and are unable to access the necessary levels of funding through other forms of finance.

Because there is an increased risk to the lender, certain criteria often have to be met, such as the business’s directors being homeowners and having good credit history and credit scores.

Receivables loan

A receivables loan is similar to a secured loan and is more commonly referred to as invoice finance. It allows businesses to raise money against the value of unpaid invoices, be that individually or from their sales ledger as a whole.

Up to 90% of an invoice’s value is released within 24 hours of its issue, with the remainder passed across once payment is received from the customer, less the lender’s fees.

Benefits of a business loan broker

Efficiency. We can pinpoint the products and funders most suited to your business, keeping your time free to focus on core business.
Independence. Because we’re not tied to any lenders and operate across the whole commercial finance market, we are able to provide you with an objective assessment of the market and will share insights into the pros and cons of each facility for you.
Expertise. It’s our job to keep abreast of the constantly changing commercial finance arena, so that we can continue to introduce our clients to the right products.
Choice. Comparing facilities can be confusing, especially with lenders using their own terminology. We can talk you through different offerings, benefits and complementary solutions that may work for your business.
Personal attention. Your business is unique, and we’ll get to know it in order to identify the right options. This allows us to look at the bigger picture and take into account not only your current needs, but also safeguard your medium to long term interests.

Why use Hilton-Baird Financial Solutions

Given the number of loan providers and varying lending criteria, it can be a challenging and time-consuming process to identify the right solution for your business.

Working with an independent business loan broker such as Hilton-Baird Financial Solutions will allow you to save time in your funding search and end up with the facility that best suits your requirements.

Since 2001, we have been dedicated to providing our clients the best service possible whilst helping them secure the facilities that will enable them to meet their goals. Award-winning and authorised by the FCA, your business will be in the best possible hands.

To see how we could help source the best loan for your business, request a call back or email info@hiltonbaird.co.uk to speak to one of our funding consultants.