Finance A Hybrid Vehicle Through Your Business

£0 deposit + huge tax incentives

No credit check required to see if you qualify

62% of qualifying surveys have received a 1.99% finance offer

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Get cash in as little as 24 hours

It only takes 2 minutes

No fees to find Out

Finance for almost any business purpose

An Easy 3 Step Process

1

Complete our 2 Minute form

2

Have a chat with an adviser and see if the business finance matches your needs

3

Complete the details and then a short wait for the money to arrive in your account

Frequently Asked Questions

Some non-bank business lenders can offer same day transfers, after approval.

Banks often take weeks, or even months, to decide on your application.

Businfin charges no fees.

There are business lenders who are strictly no fee, only interest, and there are others who have a range of fees.

These may very from establishment fees, which everyone pays, to early repayment fees, which only a few will pay.

It is important to be aware of all of the fees which could apply to you before agreeing to a business finance offer.

Businfin does not run any credit checks.

A business lender may want to run credit checks later on after you have spoken to them.

Checking what business finance you can access takes a couple of minutes or less.

The interest rate varies depending on the type of business finance, your trading history and other factors.

It will normally be higher than a traditional bank loan.

There are business lenders who will finance most viable businesses.

Often there is a minimum turnover and time operating requirement your business must satisfy.

Some industries may be more or less attractive to lenders.

There are no guarantee of business finance. Lenders may change their criteria or access to funds at any time.

For finding out what type of business finance you can access you don't need any documents.

Later on you'll normally need:

  • Identity - for you and your business
  • Financial information - businss bank statements
  • Occasionally tax statements.
  • For a few lenders full financials (profit & loss, balance sheet, cash flow statements)
  • Maybe a business plan, although this is not common for non-bank lenders

Business Finance Types

Unsecured business finance doesn't need a specific security. That’s to say - you don’t have to put your house forward as security.

This means that this finance is more risky from the lender's point of view.

Basics

  • Short term finance which is normally repaid in 3 - 12 months

  • Amounts from $5,000 to $400,000

  • Higher than a standard bank business loan

  • Cash can be transfered on the same day in some cases

Pros

  • You can generally use the loan for any business purpose

  • Simple Application with less documentation

  • No specific security (some lenders may require a director's guarantee)

Cons

  • The interest rate will almost always be higher than for a traditional business loan

  • The finance may have additional fees

  • May need a minimum turnover

  • May need a minimum time in business

Secured business finance has a specific asset as collateral. This could be a piece of equipment or a real estate asset.

The value of the asset is used to guarantee repayment of the finance.

Basics

  • Longer term finance which is normally for a fixed period

  • From $50,000 to $2,000,000+

  • In general secured finance will be at a lower interest rate than unsecured finance

  • The finance can take from 24 hours to weeks to be approved and funded

Pros

  • You can borrow larger amounts with secured business finance

  • Secured finance is available to businesses that do not qualify for unsecured finance

  • You can normally use the finance for any business purpose

Cons

  • If you sign a personal guarantee, especially to a bank, it could be valid for many years

  • In the event of a default the asset could be sold to repay the finance