Quick summary
This guide sets out practical steps to help you identify, compare and qualify for business finance in the UK. It is general information, not financial advice.
1. Work From Real Trading Income
Do not size a loan on total deposits. Strip out transfers between your own accounts, money you have put in personally, and cash you are holding back for VAT, PAYE and corporation tax. What is left is the income that can actually support a repayment.
2. Build In a Buffer
Never plan on everything going right. Test how your cash position copes if a major customer pays a month or more late, and keep enough headroom that a slow month does not put a repayment at risk.
3. Time the Borrowing to the Work
Draw funds when materials need paying for or the team starts on site, not weeks ahead. Money borrowed early costs interest while it sits idle.
How we work
- No credit check is run to show you indicative options.
- Rates and terms are set by the lender, not by Bizzloans.
- We are a commercial finance broker, not a lender.
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