Business Loans
Explore how business borrowing is structured, repaid and assessed, including the obligations that remain when a loan is described as unsecured.
- Business Loan
A business loan is money advanced to a business under an agreement to repay the borrowing, usually with interest and any agreed fees.
- Cash Flow Finance
Cash flow finance is a broad description of funding intended to help a business manage the timing of receipts and payments.
- Merchant Cash Advance
A merchant cash advance provides business funding typically repaid through an agreed share of card takings until the contracted repayment amount is collected.
- Revolving Credit Facility
A revolving credit facility lets a borrower draw, repay and redraw funds within an agreed limit and availability period, subject to its terms.
- Secured Business Loan
A secured business loan is borrowing supported by rights over specified assets or assets covered by a charge, which the lender may enforce following default.
- Term Loan
A term loan is borrowing with an agreed duration and a specified repayment schedule, rather than an open-ended revolving facility.
- Unsecured Business Loan
An unsecured business loan is borrowing without a specific asset charge supporting that loan, although personal guarantees or other contractual protections may still apply.
- Working Capital
Working capital commonly means current assets minus current liabilities; in funding discussions it also describes the cash needed to support day-to-day trading.