Loan Amounts and Funding Terms
Loan terms between 3 months and 1 year with fixed monthly payments
Loan amounts over £2,000
Is your company in need of an increase in cash flow?
Are you a UK registered business?
Have you been trading for at least 12 months?
Short Term Business Loans
Short term business loans are a great option for companies who are applying for business finance over shorter terms - usually 3 to 12 months.
We offer short term business loans usually on an unsecured basis and offer competitive and cost effective funding solutions on a fixed term and monthly repayment basis.
We can cater for a wide range of businesses and all our loan products are offered based on your own specific borrowing needs, financial status, access to assets and credit status.
Our loan applications are quick and straightforward with minimal paperwork and fast application processes. You can expect decisions within 48 hours of application and funds within 48 hours of acceptance.
How to apply for a short term business loan?
Fill out our application form in less than 5 minutes
Your application will be allocated to your dedicated case manager
Your case manager will be in touch within 4 working hours
They will collect all required documents to process your application
You will receive a decision within 48 hours in most circumstances
You will receive your funds within 48 hours of acceptance in most circumstances
The Benefits of Short Term Business Loans
Flexible Terms and Borrowing Amounts
Short term loans are generally more flexible in terms of loan amounts and terms in comparison with other business loan types.
As they are taken on an unsecured basis, borrowing amounts are not restricted to the amount of equity in an asset or property.
This means that it can be easier to take out loans on a rolling basis and/or top up existing loan agreements.
Speed of Approvals
Short term loan applications and approvals are relatively quick to process.
With no need for charges on assets or debentures, decisions are made based on you meeting the lenders eligibility criteria.
Many lenders will approve applications within 24 hours, provided that all the required documents are provided at the time of application.
As you are not using security or collateral when making the application there is less paperwork that needs to be completed.
In order to apply you only need business bank account statements and business financial reports such as your profit and loss statements along with proof of identity.
No Risk to Assets*
Loans on an unsecured basis do not use collateral as part of the credit agreement, meaning your assets are not at risk in the first instance. Instead the loan is approved on the basis of your financial health and credit rating.
*In most cases a personal guarantee is required to secure the finance to protect the lender in the event of a default. Luckily, there are a range of personal guarantee insurance products available for businesses using unsecured finance.
In today's highly competitive business landscape, maintaining a healthy cash flow is essential for the growth and success of any business.
However, there may be times when businesses face cash flow challenges that require immediate attention. This is where short term loans can be a very useful tool for many business owners.
Short term loans offer a quick and convenient solution to boost your business's cash flow. Whether you need funds to cover unexpected expenses, bridge a temporary gap in receivables, or invest in growth opportunities, these loans provide the necessary capital to keep your business running smoothly.
With a wide range of versatile funding solutions available, we can help source the most suitable funding to meet your needs and allow your organisation to adapt and evolve in a timely manner.
RLA Capital can offer specially tailored secured loans designed to help your company manage its cash flow more effectively.
View our full range of business finance facilities here
Frequently Asked Questions
There are a wide range of unsecured small business loans available and choosing the right one for your company and borrowing needs is extremely important.
Secured vs Unsecured Business Loans
Find out the differences in secured and unsecured business finance.
Unsecured loans are those that are not secured against personal or business assets. Most secured loans are secured against property or business assets.
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A guide to unsecured business finance
Unsecured business loans do not use any tangible assets, either personal or business, as collateral when applying for business finance.
When using unsecured finance, lenders look at your personal credit rating, business bank accounts and business financial reports.
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Cash Flow Injection for Small Businesses
All businesses need cash flow to succeed and if your cash flow is running low you will need to look for a cash flow injection.
Effective cash flow management can help you analyse how healthy your cash flow is and look for ways to improve it.
Click to read more