Whether you’re a sole trader or have a growing company, every business needs some financial help from time to time. A Business Loan can be particularly useful for start-ups and new businesses that need an initial cash injection to get going. As Goldmann and Sons PLC understand that finding the right solution at a critical moment can be a minefield, we have selected providers that can offer you the opportunity to benefit from a new source of finance to help boost cash-flow, assist growth and development or to allow the purchase of a much-needed piece of equipment.
We can offer access to providers whose loan applications are based on business performance and sustainability and can provide you with the following benefits:-
Easy on-line application process, (subject to approval)
Fast personal service with funds secured within 48 hours
Flexible repayment options of up to one year – to fit with your cash-flow model
Get more information on how a new source of finance could boost your cash-flow
Who can apply for a Business Loan?
The providers we have access to will accept an application for a Business Loan from any company or business entity, no matter how big or small. You will simply need to demonstrate to the provider that you can afford the repayments. To assist you with your information gathering, you can use the ‘Loan Calculator’ facility within our site to help you get a good idea of the potential repayments you can expect.
How much will I be able to borrow?
Our selected firms can offer flexible payment options, leaving the decision on how much you borrow and for how long up to you. Loans can be arranged for up to one million pounds. However, the amount that can be borrowed will depend on the value of the business and how much you can afford to repay. Repayments are fixed over the agreed term of the loan, which is typically up to 12 months.
What are the interest rates?
The business loan interest rates offered by our selected firm are variable and based on how much you want to borrow, over what period of time and of course, most importantly, how much you can genuinely afford.
What are the pitfalls?
Taking out a loan is a big step and should be thought through very carefully. Borrowing money in this way is generally only a short-term solution. You need to be extremely sure you are able to make the agreed repayments on time. Missed payments will incur default charges, which can be very expensive.
What happens if I can’t pay?
At Goldmann and Sons PLC, we understand that things don’t always go according to plan and we would rather you worked with your loan provider to find a solution than to bury your head in the sand, ignore or avoid the situation, and get further into debt. If you are having difficulty with any aspect of your loan, do not hesitate to speak with your loan provider. If you are having difficulty in making contact and would like more information on how to do this, the Goldmann Team would be happy to help.
How long will it take to process a loan?
At Goldmann’s we understand that on most occasions the need for a Business Loan is usually time sensitive and that is why our providers have been carefully selected to be able to offer you the speed of transactions that can meet most demands. If you decide to proceed with an application, the provider will instruct their valuation and legal teams immediately whilst your paperwork is being processed and the required signatures and documentation is obtained – all of this can save you valuable time.