Short Term Business Loans
Our Short Term Business Loan:
- Business Loans up to £150,000
- Personal touch and dedicated support
- Loan terms from 1-36 months
- Apply in minutes with 24-hour approval
- Only pay interest on what you owe
- Absolutely no hidden fees or costs
How does it work?
Take five minutes to complete our two-step Application Form.
We will provide you with secure login details to upload additional documentation for our lending experts to review.
Less than 24 hours after completing Step One, you will have the funds in your bank account.
REPAY OR TOP-UP
Loan terms are tailored to your business profile and your ability to repay comfortably. We even offer an easy top-up process.
Do I Qualify?
- My company is registered in the UK
- My current debt obligations are affordable
- I have a minimum of one year’s accounts
- My minimum monthly turnover is £7000
- I don’t have a previously liquidated business with outstanding creditors
- My Director or Shareholder is a homeowner and over 18 years of age
More information about small business loans
We run our own business too so we understand the pressure of managing cash flow, especially when good deals need to be made. If your small business is in need of a short term loan, the traditional first port of call is likely to be the high street bank – perhaps the one whose funding helped you to start up your business in the first place. Unfortunately, that may no longer be the safest port in any financial storm facing your business these days.
Merchant Money was established specifically to empower businesses such as yours to reach its goals by offering short term business loans.
We’re proud of our personal commitment to your business and feel it’s the key factor that sets us apart from other lenders.
Advantages of our short term business loans
When applying for a business loan, you would typically need to provide evidence of a healthy cash flow, or a substantial amount of capital already in the business. This may not be possible if your operation is already lean and you don’t need the additional assets, but are still competing with bigger players in the market.
A major advantage of a short-term business loan is the flexibility it offers. There is no need for assets, revenue or capital, and no early settlement fee when you use us. Another bonus is the shorter payment term (up to 24 months), which means you can focus on long-term growth without the long-term burden of costly interest rates.
Our process is as simple as it gets: all you need to provide is a personal guarantee from two of your company’s directors. It is also far quicker than the response you could expect from a bank, with approval and funding taking less than a day.
When are short term business loans right for your business?
Your business is doing well, and you are looking at expanding your team or physical space. Perhaps you need to outsource a function of your business, so you have your hands free to oversee the day-to-day running of it. Or cash flow has temporarily stalled, which can stop you making the much-needed next steps to grow your business or simply pay the bills.
A short-term business loan is exactly what your SME needs, offering a kick-start that solves problems and achieves immediate goals. A flexible and agile small business needs equally flexible finance to remain competitive.
Benefits of our short term business loans over banks
- Apply in minutes
- 24-hour approval
- Flexible terms
- Only pay interest on what you owe
- No upfront or early settlement fees
- No security or business plans required