What is a Business Loan?

Money is Lent to an Entity Not an Individual. A business loan, as the name implies, is funding specifically for your business. With Lending Box, you can borrow up to £5m and repay the loan over an agreed-upon timeframe. When considering a business loan, there are several factors to keep in mind. What is the intended use of the funds? How long do you require financing, and what is your repayment timeline? With a business loan, you secure financing over a predetermined period. The monthly payments and interest rate remain fixed throughout the term. Depending on your eligibility and business size, we can assist you in accessing business loans ranging from £1,000 to £5m.. When money is lent to a corporate entity, the loan is repaid by the business, not the CEO. If the company fails to pay up, the business could be liquidated to pay back the borrowed funds. There’s never been a better time to get financing than now. This especially applies when you spread payments over a longer time than paying back within a year. Your business has time to expand and grow without the burden of heavy loan payment.