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Business Growth Loan

For Businesses Trading over 5 Years, Looking to Get to the Next Step

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Business Loans for Growth in the UK

As a business owner in the UK, expanding your company often requires access to additional funding. Whether you’re looking to hire more staff, invest in new equipment, increase inventory, or take advantage of a growth opportunity, a business loan could be the ideal solution to support your long-term success. With the right financial support, you can scale your business, enhance operations, and compete effectively in your market.

Business Loan Criteria

To qualify for a business loan in the UK, your company must meet a few essential criteria. Most lenders require the following:

  • Trading History: Your business must have been trading for at least 12 months. This ensures you have a track record that demonstrates business stability and viability.
  • Annual Turnover: Your business should generate a minimum turnover of £120,000 per year (or £10,000 per month). This threshold ensures your business can handle the repayment obligations that come with a loan and demonstrates your capacity to grow sustainably.
growth-loans

Why Business Loans are Essential for Growth?

For businesses looking to expand, funding is often a critical component of success. Here are some key ways a business loan can support your growth:

Expand Operations

Whether you need a larger office, more warehouse space, or additional retail locations, a loan can provide the funds to support your expansion goals.

Hire Additional Staff

As your business grows, you may need to hire more employees. A loan can help cover the costs of recruitment, salaries, and training, enabling you to scale your team to meet rising demand.

Invest in Equipment and Technology

Upgrading to the latest technology or purchasing new machinery can improve efficiency and productivity. A business loan can give you the capital required to make these investments without depleting your cash reserves.

Increase Inventory

Expanding your product range or stock levels to meet growing customer demand can be costly. A business loan ensures you can purchase inventory without straining your cash flow.

Boost Marketing Efforts

Expanding your reach requires investment in marketing, whether through digital campaigns, advertising, or brand promotion. A business loan allows you to fund these initiatives effectively, helping you attract new customers and drive sales.

Benefits of a Business Loan for Growth

Taking out a business loan for growth offers a range of benefits:

Immediate Access to Capital

A loan provides an immediate injection of capital, allowing you to seize opportunities or invest in growth without waiting to accumulate savings.

Flexible Repayment Options

Many lenders offer flexible repayment plans, allowing you to choose a repayment structure that aligns with your business cash flow.

Boost Competitive Edge

Access to funding allows you to stay competitive, whether it’s by upgrading technology, improving your product range, or expanding into new markets.

Build Business Credit

Successfully repaying a business loan can improve your business’s credit score, making it easier to secure future financing on even better terms.

How to Apply for a Business Loan

If your business meets the eligibility criteria of trading for over 12 months and generating a turnover of more than £120,000 per year, you’re well-positioned to apply for a business loan. The application process typically involves:

Check if you qualify first.

Fill out our 2min online application form.

An account manager will then email you with any info we need - usually the last 6 months business bank statements and the most recent full set of year end accounts.

Once received, they put the application before the underwriting and credit team who should give you a decision within a few hours.

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Ready to Grow Your Business?

If you’ve been trading for over 12 months and have a turnover exceeding £120,000 annually, a business loan could be the key to unlocking your growth potential. Whether you’re expanding your operations, investing in new equipment, or increasing your staff, a tailored loan solution can provide the financial boost you need to take your business to the next level.

Apply today and start driving your business growth!

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Apply online in 2 mins

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What our clients say

 

 

 

 

 

 

“Jacob and Century have been brilliant for a number of years. Jacob has always listened to the company needs and ensured we were only matched with products that suited. I really highly recommend both the company, and, Jacob!”
Jonathon Ison
“The customer care was top-notch. I dealt with Jake Brown who was always on top of our needs. The service was very precise and all the formalities were sorted within a few days. Thumbs up all the way. Would definitely recommend Century Business Finance.”
Wale Towolawi
“No government initiative or loan has helped our business as much as Jake Brown. The service has been first class. Recovery from covid has been slow and challenging but it would have been impossible without Jake himself. He has literally saved the business! Communication has been crystal clear with finance approved and arranged on the same day. An outstanding service from a company I intend to use again and again. Thank you”
Owl Education Ltd
“Tom Hall has been fantastic. Within a week of exploring our options, the money was in the bank and the business kicked off. Highly recommend..”
Mark Gill
“Tom Hall has been very helpful and dealt with my queries and informed me of everything i need to do . Tom has managed to secured me the loan from century finance and i would definitely recommend them to every businesses.”
Davis Sanassy
“Joe Taplin has been so helpful from start to finish. Got regular updates about the application and did all he can to get funds available within days. Handled every task very professionally.”
Upul Ekanayake
“Tom has been very helpful in supporting our business needs. Only area for improvement is the level of detail in their quotations to enable a better market comparison.”
Alan Gates
“Joe was so helpful from start to finish of our communication. Kept me updated every step of the way & kept it very easy. Definitely recommend.”
Nat
“First rate service by my account manager Jake Brown, first time using Century Finance and I would use Jake again and recommend him to anyone looking for finance.”
John Bailey
“Exceptionally professional and quick service I would highly recommend to all my business colleagues. Many thanks especially to John Harrison who has been such a fantastic help throughout.”
Mike Finnigan
“I had the pleasure of dealing with Kane Murfitt and honestly cannot fault him. He stayed in regular contact throughout the process, guided me through the application and kept me fully updated. Very Happy!”
Marlon Carrington
“Great support from start to completion under the guidance of Jacob Bryant.Totally recommend for any business finance..”
Justin Jones
“I was very impressed at the speed, detail and affordability of business loans found by Century Business Finace. Jake was incredibly knowledgeable giving varied scenarios of how to ustilise their services - I've already made recommendations to my colleauges - thank you!”
Finance Department
“A fantastic service from the team at Century Business Finance from start to finish. It's my first time dealing with them and the service from both Max and Ben as been absolutely first class. I highly recommend Century Business Finance and will be using them again in the future when the need arises.”
Ryan White
“Excellent all round, I no longer waste my time trying others - Top work from my acc manager Joe Taplin”
Dan Currey
“A 5 star service. Very impressed with the account manager and will 100% recommend his services”
Vincent Torku
“As a small business at times its hard to get small amount for cashflow but dealing with Jacob Bourne has made the small business grow. What a professional Jacob is and it was so efficient that i will not hesitate to recommend CBF to any small to medium business.”
Alliance Speciality Care
“The customer service from John was great, very friendly and efficient. Would definitely recommend”
Katie
“We used Century to assist in funding our expansion, and could not be happier with how they helped. Jacob was prompt, professional and efficient.”
Martyn Solari
“A 5 star service. Very impressed with the account manager and will 100% recommend his services”
Vincent Torku

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