FAQs

  • Small businesses can access various loan options, including unsecured loans, working capital loans, and merchant cash advances, tailored to their specific financial needs.

  • To apply for a business loan online, complete our simple application form, and our team will guide you through the process to secure the financing your business requires.

  • Eligibility for unsecured business loans typically depends on factors such as business credit history, annual revenue, and time in operation.

  • Invoice factoring allows businesses to sell outstanding invoices at a discount, providing immediate cash flow to manage expenses and operations effectively.

  • If you have an active CCJ that's in a payment plan, we can help you. If you have multiple CCJ's our lenders can still make you an offer, but you can not have any more than three active CCJ's that amount to over £10,000. If you are unsure please get in touch with the team and we will assist you.

  • Secured business loans require collateral, while unsecured loans do not, affecting interest rates and approval processes.

  • Yes, startups can qualify for various business financing options, including government-backed startup loans and grants, depending on their business plan and creditworthiness.

  • Interest rates for small business loans vary based on loan type, amount, term length, and the borrower's credit profile.

  • Lending is a great option for a lot of businesses but isn’t always the best option, please get in touch to discuss in more detail with us to see if it’s right for you.

  • At the moment we can only offer finance to businesses that are registered in the UK.

  • If your limited company doesn't have any capital or cash flow, lenders may be able to provide you with an unsecured loan.

    A guide on unsecured loans and the reasons they can be the best choice for your business has already been created by our team.

    There is a wide range of lenders to choose from with unsecured loans so it may work out to be the best option for your limited company.

  • We have many lenders on our panel that are willing to work alongside another lender, providing the client is capable of meeting the repayment obligations. Documentation is required to assess this.

  • The majority of our lenders require at least three months trading in order to underwrite an application & some lenders require slightly longer. However, as long as you can provide the last three months of your business’s bank statements, the lender has something to assess.

  • A merchant cash advance provides upfront capital to businesses in exchange for a percentage of future credit card sales, offering flexible repayment aligned with revenue.

  • Commonly required documents include financial statements, tax returns, business plans, and identification, though specific requirements may vary by lender.

  • Funding timelines vary, but many lenders disburse funds within a few business days after loan approval.

Why not get in touch?

We’re Here to Help – Get in Touch

Have questions about our services or need assistance with your loan application? We’d love to hear from you! Simply fill out the form below or reach out via email, and one of our dedicated team members will respond within 12 hours.

Contact Options:

Email Us - info@oceanviewconsultancy.co.uk

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