Business Loans

You don’t need a bank to get a loan

Business Loans Solutions

Business loans can be sourced from a variety of lenders, not just mainstream banks but other sources including local or sector specialists, challenger banks, and new online and peer to peer or crowdsourced lenders.

GPS Financial is a commercial finance broker with an array of business finance options with rates varying according to timing and perceived risks.

Types of business loan

GPS Financial covers the full range of business loans, including:

  • Secured loans
  • Unsecured loans
  • Revolving credit facilities
  • Business cash advances
  • Fixed or flexible term and repayments
  • Business expansion loans
  • Loans to fund the purchase of premises

Business Buy-to-Lets

GPS Financial provides business loans for companies or corporate vehicles such as SPVs to fund the purchase of buy-to-let properties. With access across the whole marketplace, corporate buy to let funding is available for those planning:

  • Property investment
  • Property development
  • Refinancing of existing lending
  • Multi-property portfolio funding
  • Eligibility and criteria for business loans

Eligibility and criteria for business loans

When requesting business loans, expect to be asked about turnover and profit, Bank statements, filed accounts, loan amount vs. turnover, trading history, and payment history.

While there are no standard criteria for business loans, there are certain basic factors that most lenders look at when assessing your business. Here are some rules to consider before applying for a loan:

  • The loan amount is less than 25% of your annual turnover
  • Have a profitable business based in the UK.
  • More than 24 months trading history (for most products)
  • No outstanding CCJs or late payments

All of the aspects mentioned above help lenders envision a portrayal of your business. Generally, lenders are limited to lending more than 10-20% of the customer’s annual turnover, they’ll check in for revenue proof to demonstrate affordability. If you’re not making much profit or even making a loss, it’ll be arduous to get a loan.

Fortunately, GPS Financial works with many lenders much more flexible than the banks.

How to Apply?

If you would like to discover more about what kind of business loan you may be eligible for, start your application now and explore your options. Get in touch on 02922 677 725, or fill out the form on the contact page

Testimonials From Our Great Customers

"GPS financial have been absolutely invaluable in the growth of my business."

I have found the whole team very professional and knowledgeable. The founder Morgan Stewart has been brilliant and for this reason I continue to recommend to anyone that asks me for a broker.

- Michael Kalisperas

Testimonials From Our Great Customers

"Your work over the past few weeks has been massively appreciated."

 "My old broaker couldn't get me a ortgage. Morgan found solutions to all the hurdles we came across. In a very tight timeframe we managed to complete on two properties before the stamp duty hike. Fantastic, level headed and professional. Thank you."

- Morgan

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Morgan Stewart T/A GPS Financial are authorised and regulated by the Financial Conduct Authority for credit broking and mortgage advice (FCA 711306)Your property is at risk of repossession if you do not keep up repayment of any loans secured against it. Email communications are not secure