Vertice Services provide access to unsecured loans of up to £35,000 or as much as £1m on a secured basis. We understand that finding a lender can be difficult, especially when you are starting out, so we offer a flexible service designed to give you the control of your finances that you need
Our loans are for already existing businesses, at any stage of their growth and can be used for a variety of reasons.
Why you need a business loan
There are many reasons why your business might need a helping hand – especially as you move forwards through your goals. Here are some of the reasons why our customers come to us requesting that all important cash injection.
- They are wanting to expand their business.
- Need new staff or new premises to continue the growth of their business.
- They have a larger than expected tax bill.
- Have a large customer order and need materials or stock to fulfill it.
- They want to carry out a rebranding of their business or take part in an advertising campaign.
- Want to promote their business by attending trade shows or seminars.
Will you qualify for a business loan?
In almost all cases it is impossible of us to know if you will be eligible for a business loan until we start the process of applying. There are so many variables and flexibility built into the loan system, that there is bound to be a way to get you that loan, even if you think it might not be possible.
We only ask that your business has been running for a reasonable period of time, so we can assess the profitability.
Secured and unsecured – what is the difference?
We offer two types of loans – secured and unsecured. Understanding the difference between these is important as it can impact on your business.
This is where the loan is secured against an asset. This might be a building that the company owns or in the case of a sole trader, it can be your home. We are able to loan higher amounts with a smaller interest rate when the loan is secured – but there is more risk involved.
This is where the loan is not secured against any asset and is simply paid back with no risk to the owner of the company. In this case, the company needs to be carefully checked for credit worthiness and for this reason, the amounts offered are usually smaller and the interest rate is often higher.
We would love to talk to you about how you can get that business loan you need. Our financial experts can go through your details and advise you on the best option for you
Please feel free to give us a call or fill in our contact form about your CFO or financial director requirements – we have just the right person waiting for you.