Invoice Funding has started offering loans to businesses across the UK that have been trading for at least 6 months and have a minimum turnover of £70,000 the company which is best known for its selective invoice discounting has now entered the business loans market.
Now Organizations will have the capacity to acquire unsecured business loans from £10,000 to £100,000 over a year with no early repayment charges.
The service has been beta-tested over the last 3 months and received positive input from clients and accomplices. During this period, more than £1 million was advanced to UK businesses in way of business loans.
Funds will be sent for approval businesses within 24 hours of utilization. The business loans will be funded through the Invoice Funding platform.
We are always looking for more ways to help businesses get the funding they need that is why we are excited with the launch of our loans solution. This fits into our goal to help more extensive scope of organizations and to give proprietors the assistance they have to concentrate on their business ambitions rather than their funding challenges.
Entering the business loans space, a £35 billion annual market in the UK alone, was a natural move for us. Our experience in underwriting business credit, coupled with our technology and people means we are well-placed to serve this demand.