What is a Business Loan?
A business loan is a funding given in a lump sum from a lender, which the borrower then pays back with interest over a set period. They can be used for business growth or expansion, renovation or fit-out, furniture, marketing campaigns, and software and IT systems.
Approved Business Loans
Our business loans can be repaid over a fixed term, and with our streamlined process, quick approval and tailored monthly repayments, you can be assured that we will find the best deal for your business. You can check your eligibility for business loans in seconds.
Potential Uses for a Business Loan
Taking out a business loan can provide numerous benefits for a company, helping it achieve various goals and overcome financial challenges. Here are some common uses of a business loan:
You might consider applying for a Business Loan if:
You want to use the loan to open new locations, buy more inventory, or enter new markets.
You want to invest in new equipment, technology, or software to improve efficiency.
You want to cover daily expenses like payroll, rent, and utilities, especially during slow periods.
You pay off existing debt with better interests rates or terms to save capital.
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Guides to Business Loans
Our business loans have helped hundreds of businesses of all sizes secure funding to help them to employ more staff, assist cash flow, purchase equipment & marketing. Business loans are useful when your business needs additional cash in a lump sum, which is why a large number of business owners utilise them.
Other Approved Finance Services For You
We understand the complexities of business finance and have the expertise to secure funding for your next venture, whether it's working capital, equipment purchases, or expansion projects. With market-leading business finance products and best-in-class rates, Approved is ideally positioned to deliver your funding solution.
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Partnered
Lenders
125+
Funded For
UK Businesses
£500M
5-Star
Google Reviews
300+
Raised For
Partnered Charity
£110K
How It Works
Discover our streamlined process for securing tailored financial solutions. We keep our business finance options transparent, with no hidden fees or unpleasant surprises. This is business finance made easy. Our no-obligation application won't impact your credit score.
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01
Fast Application In Seconds
Share basic information about you, your business and finance requirements by applying online or calling.
02
Understanding Your Business
A dedicated account manager will discuss your requirements and gather necessary documentation.
03
Receive Your Free Quote
We'll discover the best deals, handle applications for you, and provide a quote with no obligations.
04
Get Your Funds Fast
Once approved, we'll get funds to your preferred business bank account or pay a supplier on your behalf.
Google Reviews
