Short Term Business Loans & Commercial Lending / FinanceIf you are needing urgent funding or you have not been successful in obtaining a business loan or crowd funding loan then a short term loan may be suitable. A great option for small business funding and SME financing. Apply Now
What is a short term business loan?
A business loan from £10,000 to £1,000,000 for businesses that either need to borrow urgently or have not been able to get loans agreed elsewhere. Typically, you can borrow the equivalent of between one and two month’s turnover but this varies depending on the sector your business operates in (for example Construction Business Loans / Construction Finance).
Our panel of Lenders
There are a huge number of lenders that have emerged in this business finance loan sector, we have selected our panel based on those that can deliver what our client requires. We therefore have a mix of lenders that have proven themselves to us, this mix is made up of:
- A funder that can make a loan available the same day
- A funder at the cheaper end of this market
- A funder more likely to agree a loan
- A funder that lends higher amounts based on the same proposal
Who is suitable for a short term business loan?
- Limited companies / SME’s
- Trading for a minimum of 6 months.
- Looking to borrow a minimum of £10,000
How do I apply?
Please complete the online application from on this page, this should only take a few minutes to complete in most circumstances. Once you have completed the form a loan broker from Beacon Finance will be in touch to discuss your requirements in more detail.
What are the timescales to get my loan?
We work with commercial finance lenders that can approve and provide same day business loans, and these can be across sectors, such as construction loans etc.
A business loan usually takes a maximum of three days from application to credit underwriting and then a further two days to funds being drawn down.
Commercial loan rates, fees and term:
Business loan rates and fees vary dependent on the business circumstances. Interest rates start at 15% and go to around 40%.
Some business loan lenders do not charge fees and others are 5%. We would encourage you to contact us as there is such a difference from one short term commercial loan to the next and we can ensure you get an accurate quotation.
Terms are from one month to 24 months. Most of our lenders allow early repayments without penalty.
Short Term Business Loan Query Form
Fill out the below form and someone from Beacon Finance will get back to you to follow up your query.
Why use Beacon Finance to organise a loan?
With extensive experience in securing SME finance we have the ability to get loans agreed quicker and cheaper than going direct. Some lenders on our panel insist on application being processed by selected commercial loan brokers so you cannot go direct.
It is key selecting the correct lender to work with and we are able to assist in this decision. We use multiple lenders and select the most suitable based on your application with us. We have secured millions in funding for our clients.
What do I have to pay Beacon Finance?
Nothing. For short term business loans, we receive a share of the arrangement fee paid or introductory commission for the loan meaning we are a free service for your business.