Instant Business Loan, is there such a thing?


What are instant business loans?When applying for an instant business loan, we aim to give you a decision within four hours. As a quick business loans provider in the UK, we understand that sometimes your business needs cash quickly, and we want to help.

You may need an instant loan to replace equipment, settle an outstanding bill, or simply to buy materials for that job that you’ve just won. Regardless of the reasoning behind your need of added funding, our small business loans will be delivered on the same day that you apply for them.

Instant business loans and designed for those in urgent situations. Whatever the reason may be, you need an influx of funding right now to help you recover your situation. This is why we have created our instant business loan product, which gives you the chance to receive funding in under 4 hours, something we believe cannot be matched elsewhere.

What are instant business loans?

Times have moved on from applying with a loan application on a piece of paper and posting it back to the bank, only to wait a month and be told no! In todays modern world where everyone is connected and Google knows more about you than yourself arrived FinTech. Business loans can now make an instant decision regarding their applicants, as bank statements can be uploaded to portals and credit score and land registration searches are all done instantly.

This whole process is seamlessly simple, and within four hours you can have a business loan instant decision. This is the perfect product for those business owners that need funding for their company quickly.

Instant business loans in the UK are a form of unsecured borrowing, ranging from £5,000 to £200,000. They come with built in repayment plans that suit your business for up to an 18-month period. Our repayment models react to how and when you receive payments from your customers.

This makes our instant business loans adaptable, so that repaying your loan is as easy as possible. As a result, getting finance from PDQ Funding is a really simple and enjoyable process. Our small business loans are offered without complicated and old-fashioned high street banking rules.

A flexible option for your business

If you have a bad credit rating, or your business has a negative credit score, obtaining a conventional, high street bank business loan can be a monumental task in most cases. In the off-chance that you are approved, a conventional loan will take days or even weeks to process and get to you.

If you’re looking at instant business loans, we understand that you simply cannot wait that long. We have a 90% approval rate and our small business loans are processed on the same day, allowing you to get the funds you so vitally need for your business venture.

Apply for one of our instant business loans today and receive a no-obligation, free of charge quote. It’s a good idea to obtain a quote if you’re unsure whether or not this is the right route for you to go down financially, as this will give you a stronger level of clarity.

Flexible repayments

Lenders are able to approve business credit facilities of up to £200,000 in a matter of minutes. Repayment terms that can range from 1 to 18 months. This fast and flexible short term loan allows you to tailor the loan to your business needs and resources.

The ability to offer a flexible approach to monthly repayment, allowing you to repay early without penalty. Reduction of the overall costs of your instant loan is also a great feature of this product.

You should look at it this way, when taking out a loan with PDQ Funding, if you have a slow sales week or don’t meet your expected financial targets, you won’t have to repay as much. We believe this takes the pressure off of our customers and we’re proud to help them out in tough business situations.

How do you get an instant business loan?

In order to acquire an instant business loan, your business needs to fit within our lending criteria. The first and most important factor is that you must take card payments as we lend against future credit and debit card takings. Your card takings need to be at a minimum of £5000 per month. You should have been trading for a minimum of six months. Your business must also be registered in England, Scotland or Wales. Limited companies, sole traders and partnerships are welcome.

Once a decision has been reached and we’ve established that a business loan is the funding product you require, we will contact your merchant provider. This will allow us to interface into the businesses merchant account. That will then give us visibility into how much per month your business is currently taking in card transactions. On this basis, it will allow us to offer you an official total amount. For example: if you take £10,000 per month in card payments, we will advance you £10,000.

By that logic, you can likely work out yourself how much your business will be able to borrow, so your expectations can be realistic before beginning the application phase.

personal guarantee is not always required, but can be asked for in some cases. Though this is unlikely, you should be prepared for the slight chance that it may be asked of you. This is why it is so crucial that you have all the correct details about your business, your finances and the amount of cash you’d like to borrow, at hand when going through the application process.

Get an instant business loan decision right away

Our application process has been designed to ensure the level of service our clients receive is efficient and transparent. We know that for business owners, apply for a business loan is not one of their priorities, this is why we will ensure you are guaranteed quick results. If there’s anything you’re unsure of when making an application, feel free to give us a call on 01246 233108 and our team will be happy to help. To apply for a business loan:

Step 1: Click ‘get a quick quote’. You will first be asked some basic details to verify your business:

  • The amount you want to borrow
  • Average monthly card sales
  • Name & registered office of your business
  • Number of years trading

Step 2: Your application will then be directed further down the page, where you will be asked to fill in contact details, including your:

  • Title, first name and surname
  • Position in company
  • Email and phone number

Step 3: After you read and accept the terms and conditions to apply you will be able to click ‘get my quote’. From here your application will be processed and reviewed by one of our commercial directors.

Step 4: Once your application has been reviewed by the lender we’ve matched you with, one of their dedicated account managers will be in touch to discuss the terms of your loan agreement. At this point you are welcome to ask the lender anything you are unsure about, including monthly repayments, to make sure there are no nasty surprises along the way.

Step 5: Carefully read through all the terms of agreement, sign the relevant documentation and return it to the lender. The business loan should be in your bank account within 48 hours.