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.