Here at Qi Finance we’re passionate about supporting our local businesses. A low cost business loan could give you the boost you need to grow your business. We keep the process quick, simple and offer valuable advice every step of the way.
Borrow £5000 from only £109 per month. Subject to all applicable checks.
APR is dependant on your application and will be confirmed to you in writing by our team.
Read our guide to business loans here or give us a call on 01534 634001 if you have any questions – we’d love to hear from you!
A business loan is similar to a personal loan but designed specifically for the use of a business. Typically, you receive a lump sum from the lender and agree to pay back the loan over a fixed period of time with agreed monthly payments.
A business loan can be used in a number of ways:
Simply put, there are two types loan. One is known as an unsecured loan and one is known as a secured loan.
Secured loans are typically for larger amounts (£25k+) with the repayments over a longer time. An example of a secured loan would be a new van for the business. The loan is known as "secured" because you use the value of an asset (the van in this case) to guarantee that the lender is paid.
Unsecured loans are typically for smaller amounts of money borrowed over shorter amounts of time. As the amounts are smaller there is less risk to the lender.
there is no such thing as a daft question, so if you want to ask anything else, please just give us a call on 01534 634001 or drop in for a chat.
Once we receive your application we will contact you either by telephone or email to ask any questions, and advise on any paperwork that may be required in order to complete the process.
The first step if you’re struggling is to give our friendly team a call - we’re here to help you find a sensible solution. The sooner you call us the more options we’ll be able to give you, remember good borrowing behaviour isn’t just repaying on time, it’s getting in touch if there’s a problem.
You will have to pay interest at a fixed rate on the amount you borrow, so the total repayable includes the total interest charges and the capital borrowed (much like a mortgage). The total repayable is then divided by the number of monthly payments you have chosen, to provide a fixed monthly repayment figure.
The first step if you’re struggling is to give our friendly team a call. We’re here to help you find a sensible solution – no problem is too big!
Make some money! If you refer a friend both of you can earn £50 if their application is successful.
I needed to borrow £20,000 to help pay for my new van. I had previously taken a personal loans with Qi Finance so I already knew that the process would be efficient and it was. Thank you Qi Finance!
Thank you to Qi Finance for financing my new kitchen equipment for my restaurant! It was easy to arrange and very fast turn around.