Manchester – Business Finance

For businesses in Manchester, there are a number of lenders and brokers who can provide finance. These lenders and brokers have a wide range of products and services that businesses can utilise.

Lenders usually look for businesses that have a strong track record and are well established, while brokers often work with startups and smaller businesses. The products and services offered by lenders and brokers can vary greatly, so it is important to shop around and compare the different options before making a decision.

However, with the right choice of lender or broker, businesses in Manchester can obtain the finance they need to grow and succeed.

Funding for your Manchester business

When it comes to funding your business in Manchester, there are a few different options available to you. You can approach lenders directly, work with a broker, or look for government funding. Each option has its own benefits and drawbacks, so it’s important to do your research before making a decision.

Lenders offer a variety of financing options, but they can be tough to qualify for. Brokers can help you find the right lender for your business, but they may charge a fee for their services. Government funding is often available for small businesses, but the application process can be complicated.

The best way to find out which funding option is right for your business is to speak with a professional. They can help you understand your options and choose the best course of action for your business. With the right funding in place, you can business on the path to success.

Types of finance available in Manchester

These are a few of the different types of finance that are available to Manchester businesses:

Merchant Cash Advance

A merchant cash advance is a type of funding that provides Manchester business owners with a lump sum of cash in exchange for a portion of future sales. This type of funding can be beneficial for businesses that need quick access to capital but may not qualify for a traditional loan. Merchant cash advances typically have high interest rates, so it is important to compare offers and carefully consider the terms before agreeing to this type of funding.

However, for businesses that are able to make timely payments, a merchant cash advance can be a convenient and flexible way to get the funds they need.

• Application takes minutes for £5,000 – £200,000 we aim to get a decision in 24 hours
• Your business only pays back when you make a sale
• Quotation of costs agreed upfront (no APR)
• Top-ups available after 4 months
• No hidden fees, charges or additional costs
• No monthly late payment penalties
• Just under 90% of Manchester businesses are approved for a merchant cash advance

Business Loan

If you’re a business owner in Manchester, there are a few different options available to you when it comes to taking out a loan. The most common option is to go through a bank, which can provide you with a relatively low interest rate. However, the application process can be lengthy and complex, and you may need to provide collateral.

Alternatively, you can work with an alternative lender, which can provide you with a faster and easier application process. However, interest rates with these lenders are typically higher. Ultimately, the best option for you will depend on your specific situation and needs.

• Traded for over 12 month
• £50,000 yearly turnover
• No CCJ’s
• Growth in the business
• Clean Credit for directors
• Have a website or a physical trading premises
• £5,000 – £500,000

Start up Business Loan

When you’re starting a business in Manchester, one of the first things you’ll need to do is secure financing. You may be able to get a bank loan, but alternative lenders are often a better option for startups. There are a few reasons for this.

First, bank loans can be difficult to obtain, especially if you don’t have a track record of success. Second, bank loans tend to have higher interest rates than alternative lenders. Finally, bank loans often come with strict repayment terms that can make it difficult for a startup to stay afloat. So if you’re looking for financing for your UK startup, be sure to explore all of your options.

To apply for the loan all of the following must apply:

• You must live in the UK
• You’re 18 or over
• You have (or plan to start) a UK-based business that’s been fully trading for less than 36 months
• Fixed interest rate of 6% per year.
• Loan repayment period of 1 to 5 years.
• Amount of £500.00 – £25,000

Benefits of using a Manchester finance lender

When it comes to business financing, there are a number of options available to entrepreneurs. However, one of the best sources of funding is a local business finance lender. Here are three benefits of using a local Manchester business finance lender:

1) Local business finance lenders have a good understanding of the local Manchester economy. This means that they can provide better advice on which businesses are likely to succeed in the current market conditions.

2) Local business finance lenders are more likely to be flexible with repayment terms. This can be helpful for businesses that are experiencing cash flow difficulties.

3) Local business finance lenders can offer a personal touch that is often lacking from large financial institutions. This means that they can build up a rapport with their clients and offer a more tailored service.

Overall, using a local business finance lender has a number of advantages for Manchester entrepreneurs. So if you are looking for funding for your business, be sure to consider this option.

Apply online

Applications for business finance can be made directly online by Manchester business owners, the process is fast and simple. We assist small businesses secure finance in days not weeks.

Applying for small business finance has never been simpler, so if there’s anything you’re unsure about, one of our business account managers are more than happy to help – give us a call on 01246 233108.

Step 1:

Click get a quick quote. We will need more information about your business to ensure we match you to the most suitable type of finance. You will be asked to disclose:

• The name of your business
• The number of years trading
• The type of business
• Average monthly card sales or turnover
• The amount you’re looking to borrow to fund your business

Step 2:

You will be redirected further down the page. here we will want to find out more about you as the business owner, so please be ready to tell us:

• Your title, first name and surname
• Position in the business
• Contact details

Step 3:

It’s important that you read through our terms and conditions before clicking to ‘get a quick quote’. At this stage, one of our account managers will make a start on complying you a quotation and an offer of finance.

Step 4:

A designated account manager will be in touch via phone and email to discuss the terms of your advance or loan agreement. The manager will make contact on the number you’ve provided.

Step 5:

Carefully read through the provided terms and agreement, if you are happy please sign any relevant documentation before returning it to the lender. Once the agreement has been received, you will be able to access money in your account within 24 hours.