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How to get a quick business loan in 3 simple steps



Preparing for your loan application



  1. Have your documents ready to provide to a broker or lender. These include;
    • Company Accounts
    • Company bank statements
    • Management accounts (if available)


  1. Pick the right lender/broker - Use a company that has quick response times to enquires – maybe a fintech finance broker [find out more].

 

Fintech services are generally quicker than traditional finance institutions as the application process is carried out online without the need to send documents via the post.

 

Being able to complete business loan applications using web portals will allow you to upload files, digitally sign forms and keep your details up to date to further speed up your loan requests.



  1. Keep on top of communications with your broker.

 

You will need to send documents when requested, sign privacy statements as well as consent forms and answer any questions in relation to your application.

 

Delays in replying when asked for documents required to process your business loan will increase the time it takes for your loan to be approved



Following these steps you, as long as you have used a good lender or finance broker, you can have a decision on a business loan within 48 hours and the money in your account within 24 hours of your application being accepted.



Updated: October 10, 2019
How to access business loans using 3 simple steps

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