☰

Business Finance

Short term secured business finance from Charterbank is available to aid cash flow or to help your business expand.

This type of finance works by allowing a company to obtain a loan secured against a property owned by the business, the company directors or an agreed 3rd party.

The loan facility can be provided quickly and without the need for company accounts since the loan is secured against a property rather than subject to the status of the company or borrower. Business finance from Charterbank is therefore available in situations where the directors have adverse credit or there is a poor or low credit score. Our business loans are usually provided without the need for personal guarantees.

• Products from 3 – 12 months • Immediate decisions • Up to 65% (net) LTV • LLP, LTD & Sole Traders accepted • True self cert non status loans • No monthly interest payments • No up-front fees • No exit fees • No penalties • No red tape

Need Finance? Get a quick quote

Transforming businesses

Funding growth through changing times

Common business loan scenarios

Loans are available for any business purpose provided that you have a credible plan to repay the loan. Common scenarios can vary enormously but include situations such as loans for business cash flow purposes, finance for business expansion or to repay an existing loan, investor or overdraft.

You may also be looking to find funding for a new build or heavy refurbishment project, to raise funds against an existing property or portfolio, for a cash buy in a fast timescale, or to obtain a loan to purchase property not suitable for a mortgage.

How can business finance be used?

Secured business finance (sometimes known as commercial property lending) can be used to acquire new premises, assist tenants to purchase the property they currently occupy or to consolidate smaller loans, facilities or overdrafts into one amount.

Charterbank’s rolled-up business loans allow you to add the monthly interest payments to the loan each month for up to one year, which can aid cash flow and allow time for credit repairing.

Is a business finance arrangement for you?

Our secured business finance products are offered on a non-status basis. This means that funds are available with no credit scoring and without the need for copies of your accounts or asset & liability statements. With no personal guarantees or debentures over the company, our finance facilities are truly non-status.

Find out more information on common loan scenarios.

You can contact us for an informal discussion about your finance requirements. Or click here to apply for a secured business loan.

Popular Business Finance FAQs

What is business finance?

Business finance is a term used for a loan or credit facility sought and used by a business. Business loans can be used for any legitimate business purpose and are usually either ‘unsecured’ or ‘secured’. An unsecured loan carries a higher risk for the Lender therefore careful credit checking and scrutiny of trading activity and accounts is often required. A secured business loan involves providing a business or investment property asset as security for the loan, often meaning the same level of due diligence in respect of credit checking is not required. Click here to submit a case or to get a quote for a non-status secured business loan from Charterbank.

Can I get a non-status loan for my business?

It is possible to obtain a non-status business loan for your business. If the business, director(s) or individual(s) behind the business own suitable UK property, such property can be used as security for the loan. Because the loan facility can be secured against the property, the Lender is able to make the lending decision based on the value of the property, not the trading status of the business. Click here to submit a case or to get a quote for a non-status secured business loan from Charterbank.

Can I get a business loan with no monthly payments?

A secured non status business loan can be provided with interest roll up. This type of facility is structured to allow the monthly interest payments for the loan to be added to the loan account each month as they occur, with the total interest being settled at the end of the loan term. Click here to submit a case or to get a quote for a non-status secured business loan from Charterbank.

How quickly can I get a business finance loan?

The length of time it takes to complete a business loan depends on the Lender and their process. A secured business loan can be available in as little as 7-10 days provided the borrower has good quality legal representation. Need an urgent loan for your business? Click here to submit a case or to get a quote for a non-status secured business loan from Charterbank.

Can I consolidate my business loans to reduce my monthly interest payments?

A secured business loan is a way to consolidate any number of existing secured or unsecured business loans which can help to reduce monthly interest payments. A suitable property is required as security. Loan facilities can feature rolled-up interest which means the monthly interest payments for the loan are added to the loan account each month as they occur, with the total interest being settled at the end of the loan term. Click here to submit a case or to get a quote for a non-status secured business loan from Charterbank.