A Exclusive Loan Service business loan is also known as a secured loan or a second business loan. Our business loan are available to qualifying business owners. Choose from flexible loan amounts available up to £1,000,000,000 (loans over £1,000,000,000 may be considered on a case by case basis). A business loan is a way to use available equity in your house to obtain the capital you need for your current financial priorities and goals in life.
Exclusive Loan Service lends for most purposes and has products to suit most customers. A business loan can potentially offer a lower rate of interest when compared to unsecured personal loan products, but we recommend that potential borrowers consider all of their financing options to obtain the best solution for their needs. This will ensure that your decision is made properly and with research behind it, giving you the best situation for the receiving of your money and in making subsequent repayments.
Typical Uses
- Home improvements
- A deposit or purchase of a new property
- Wedding or other significant life events
- Debt consolidation
- Dream holiday
- Purchases for children
- Education and training expenses
- Unexpected car maintenance costs
- Repairing damage to property or other assets
- Medical expenses
- Moving costs
- Lifestyle changes
- Relocation
- Car, boat or other large purchase
- Equity release for the purchase of another property
- Unexpected tax bill
- Business expansion
Key Features
- Competitive loan rates
- Loan amounts available from £10,000 up to £1,000,000,000 (loans over £1,000,000,000 may be considered on a case by case basis)
- Repayment periods available from 1 year to 20 years
- No up-front application fees.
- No hidden fees. We will always tell you about any fees if required in a clear and transparent manner.
Important Factors
Your business loan will be reviewed based on a series of factors that will determine the response to your application. While this calculation is quite complex, the following points will be considered. Knowing these may help you to plan and prepare for your application in advance and will also help you if a business loan is something you wish to consider in the future instead of the present.
Affordability: As a responsible lender, Exclusive Loan Service will want to ensure you have the means to make your monthly repayments for your chosen loan term. We will carry out a full review of your income and outgoings to determine that the business loan is affordable for you both now and in the foreseeable future.
Employment history: Taking a business loan is a serious financial obligation. This means that as lenders we review your employment history to provide a sense of your ability to repay your loan consistently. Where employment is concerned, this means that we will review your history to see if there are large gaps in your previous employment.
The length of your time employed with individual companies will also be factored into your application. As a rule, longer stays in one position are ideal as opposed to regular movement between jobs that may indicate unreliability in making repayments on your business loan.
Credit history: Your credit history is one of the most important factors in your application and will be reviewed closely. When reviewing your application for a Exclusive Loan Service business loan, your credit history will be analysed to discern trends of repayments and debt.
As a loan of this kind is a significant obligation, your credit history is important in demonstrating your previous consistency in making repayments and managing debt.
While your application will be approved or declined based on a combination of factors, a greater amount of equity will typically result in the best possible rates for your personal circumstances.