Am I eligible to raise funding with Lendaline?
Lendaline has direct access to over 120+ finance providers covering all areas of the market with multiple finance products for all UK based businesses. With our strong relationships with the high street banks to sub-prime lenders, we are sure to find a suitable funding approval for your business. Anyone with a business looking for finance can use Lendaline.
If I'm approved for finance can I change my mind?
There are no obligations to proceed with any finance offer made by Lendaline and its funding partners, of course you can change your mind. We understand that financing your business is an important decision and should only be made if you are 100% sure you are happy with every term and condition and the monthly repayments are affordable.
What product is best for my business?
With a vast range of amazing financing options available in today’s market, it can be hard to understand just which type of funding is right for your business. Call our friendly team today on 01908 419621 and one of our account managers will discuss your needs and present a number of options chosen and tailored to your funding requirements.
How much can my business borrow and for how long?
The amount you can borrow will depend on the strength of your business, its trading history, your funding needs and any security you may be willing to offer up as collateral for any particular loan. The amount of credit available from Lendaline and its funding partners is between £10,000 and £5,000,000. The repayment periods are also set by the respective lender but take any requested period into consideration when underwriting you application. Apply now to find out how much you can be approved for.
How quickly can I get finance?
We are able to check the eligibility of any business in 30 seconds to establish whether or not your business meets the criteria of one of our many lending partners. Once your application has been submitted, you can expect funds in a little as 24 hours. For more complicated and advanced structured finance arrangements this may vary depending on the intricacies of your case and the lenders conditions.
What are the fees and costs?
Each application is reviewed and assessed by the lender and the exact costs incurred will be given to you before you decide to proceed with any approval offer. All charges and/or fees charged by the lender are clearly stated in a transparent format to help you understand them. All terms and conditions of any finance product are also presented in a clear manner before you proceed to make sure you are happy with all the conditions of your offer. As per our terms of business, Lendaline chooses the right to charge a one-off provision of credit fee, which will equate to the equivalent of one of your monthly repayments stated on any acceptance or approval. For all repeat customers this fee will never be charged twice. Please view our Terms of Business page for more information.
Will my application affect my credit rating?
Your application will not affect your credit score. Once you have applied, we will assess your ability to obtain an approval with any of our lending partners. If we get to a stage of submitting your finance application to our panel of lenders, them some of the lenders we work with may complete a credit check to make an offer for finance. However, all applications are assessed individually based on the terms of the lenders and their underwriting criteria..
I’m a new business, can I still apply?
Yes. Lendaline have access to a number of New Start finance providers. Companies trading less than 24 months are still considered to be classed as New Start businesses so a number of our lending partners will want at least 3 months to 24 months trading history before they will consider your application.
I have poor credit can Lendaline help?
Absolutely. We work closely with many lenders who will consider applicants with a poor/bad credit history and appreciate that 1000’s of business owners will experience credit problems as they continue to grow their businesses.
What if I miss my monthly repayments?
Every lender from the high street banks to sub-prime lenders will have their own terms and conditions related to missing payments. Please be aware there may be fees or charges for bounced direct debits and monthly repayments that are not honored according to the terms and conditions of your signed finance agreement. Never enter into any legally binding finance agreement unless you are sure you can keep up with the monthly repayments. Your home may be at risk and repossessed if you do not keep up with a loan secured against your property. The majority of lenders we work with are very understanding and there to help. If you are experiencing any financial hardship and feel you cannot make a payment, please call your finance provider to discuss your position.
Can I talk with an account manager directly?
Of course. If you have questions regarding any of our services our products or anything you have read on our website, please call a member of our team and we will be more than happy to assist you in any way.