Business Comparison Limited is registered in England and Wales (company number 10257077), registered office: Steam Mill Business Centre, 1st Floor, Suites A, F and G, Steam Mill Street, Chester, Cheshire, CH3 5AN.īusinessComparison is a credit broker not a lender and introduces borrowers and lenders for the purposes of entering into different types of loan agreements, including short-term unsecured & secured loan agreements. Compare Business LoansīusinessComparison is a trading name of Business Comparison Limited who are an insurance intermediary, authorised and regulated by the Financial Conduct Authority (Firm Reference Number ( 923755), and licenced by the Information Commissioners Office (Registration Number ZA213954 ). If you are unsure about details, ask for clarification or speak to a third-party professional. There may be unexpected charges, terms, or clauses that could surprise you during the loan arrangement. Understanding the terms and conditions before you sign and return any documents is essential. The final stage will involve reviewing and signing the documents. Although, you can improve the speed of this process by having your documentation ready. If the finance is approved, funds can be available within 24 hours. Know this first: Our guide to business loans explains everything you need to know, and popular low-cost alternatives. The lender will use this information to calculate the level of risk your business poses and whether you meet their exact lending criteria. Once the lender processes your application, they will likely ask for evidence of your finances and a business plan. We will pass the information you provide to the lender, so you won't need to re-enter your details. Once you have chosen an option, you'll need to complete the application process, which should only take 2 or 3 minutes. Within a few seconds, we will only present you with funding options that align with your unique requirements. Your Businessįinally, we will ask for your business and personal details, including the legal status of the business, its name and company number. This information will provide us with the information we need to assess your current level of income and trading patterns so we can see which loans may suit your needs. To help us understand your income patterns, we will ask for the income you receive through a card machine and whether your customers use trade accounts. Estimate your monthly payments and interest based on the loan term and APR for different types of business loans. We will ask how long you have been trading for and your average monthly turnover. The second step will help us to build an understanding of your business finances each month. The first stage will ask you how much you need to borrow, what it is for and how long you need to repay the loan.

When using our service, we'll ask you for the following information: 1. Our no-obligation Business Loan comparison service is fast and straightforward.

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