A business loan is the most popular and straightforward form of business finance. Mercia Fund Managers provides loans ranging from £100,000 to £1.0million to both start-up and established businesses.
As we specialise in providing finance for both technology and non-technology related small businesses, we can often help in situations where banks and other lenders are unable to provide the full requirement. In many cases, securing a loan from Mercia allows companies to access additional finance from other providers.
Loans are available for a wide range of purposes. You may need additional working capital to fund expansion plans, cover the cost of fulfilling a new contract or buying stock. Or you may need to borrow money to acquire a new property, improve your existing premises or invest in plant machinery, new IT systems or other one-off business expenses.
Typically, loans cover a period of up to five years maximum and are tailored to your business requirements with competitive rates and terms. Rates are fixed for the duration of the loan.
As part of our commitment to investing debt finance to UK SMEs, Mercia joined the National Association of Commercial Finance Brokers in September 2018.