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CHANNEL LINK ENTERPRISES FINANCE PLC Offer five different funding options so you can be assured we have a business loan to suit your business’ needs. These funds are all designed to plug gaps in high street lending and to help small- medium businesses and entrepreneurs across the globe that might not otherwise be able to access finance they need to start or grow.
Whether you’re a small, medium or large organization, if you’re committed to making a positive social or environmental impact, and unable to access any or all of it from a bank, this is a fund for you. We can help. Our flexible approach to lending means you’ll get the right support and funding you need. We pride ourselves on offering straight-forward loans to give your venture the financial boost it needs. No guesswork, no hassles, no reading between the lines. Just totally transparent loans to help you get ahead.
Working Capital Loans are short-term loans often used to assist a business’ operational needs and cover day-to-day expenses. Unlike different types of finance, working capital loans are normally designed to cover immediate needs and not longer-term business goals.
How can a credit line boost your working capital? A line of credit is a type of working capital solution. Its model allows businesses to have swift access to a flexible business loan within one working day. It can be used as a cash injection for short term investments, to bridge a low season or to help a business manage its cash flow.
In short, a credit line allows you to swiftly respond to opportunities or unexpected situations. This is helpful when you need to bridge receivables, purchase inventory, hire staff or with other types of short term investments.
We have a role to play in facilitating the transition of economies towards sustainable and low-carbon growth. We support this transition through our business activities by directing financial flows towards more sustainable and climate-friendly solutions.
It may be difficult for Startups companies to find funding, often because lenders will see that startups are a risky investment. New companies / Startups are often seen as risky by lenders due to having a limited trading history or lack of capital. As the loans are unsecured, there is no danger of losing precious assets if you are unable to make repayments. However, we work with a select group who specialize in providing startup funding for Startups. So, if your limited company has been trading for between 6 – 24 months, you may want to consider a startup business loan instead.
INFORMATION FOR ASSESSMENT
STRUCTURE OF THE SMALL-MEDIUM BUSINESS LOANS
As most of the loans will finance projects that require the acquisition of capital equipment, the structure of loan will typically be most akin to the following:
CHANNEL LINK ENTERPRISES FINANCE PLC UNSECURED LOANS
We have various unsecured business loan options to help businesses of all sizes, from startups businesses to limited companies. We offer the following unsecured business finance options:
Can I get an unsecured business loan for my startup business?
Yes, you can get unsecured business loans for Startups.
This means that even if you haven’t started trading yet or have only been trading up to 24 months there is a way to raise the start-up funds you need to get going without securing the finance on any of your personal assets such as your home or operating facility.
Unsecured startup business loans carry greater risk for the lender because startups tend to be inherently volatile, without years of successful trading history behind them as evidence for successful borrowing.
It’s unlikely that as a startup you’ll have assets readily available to put up as security for business borrowing.
At CHANNEL LINK ENTERPRISES FINANCE PLC we understand the importance of not risking company assets that are fundamental for business growth, particularly in the early stages of set up, but it’s important to know that you might face higher interest rates..
Our unsecured business loans for fast, flexible borrowing With an unsecured business loan, you can access finance quickly without offering an asset, such as property or collateral, as security for the loan.
Unsecured business loans offer greater flexibility for small and growing businesses that want to borrow while keeping their company assets safe.
What are unsecured business loans?
An unsecured business loan is a type of finance that does not require the borrower to provide security. Because the loan is ‘unsecured’, businesses aren’t at risk of losing valuable business equipment, property or land when they choose this funding route.
Unsecured business loans offer a straightforward funding solution for Small-Medium businesses. You could borrow up to £5,000,000 without having to secure the loan against important company assets.
How are unsecured business loans paid back?
An unsecured business loan has a straightforward repayment structure.
You borrow money after agreeing to make fixed monthly payments at a pre-agreed interest rate. Payments are made over the loan term, until the borrowed amount has been paid back in full. With unsecured loans, interest rates can be higher.
What is the difference between secured and unsecured business loans?
As mentioned above, unsecured business loans aren’t backed by any assets.
Because of this, they pose greater risk for the lender, and higher interest rates are usually charged. In contrast, secured loans are financial products that require businesses to offer up collateral as part of the borrowing agreement.
What are the advantages of unsecured business loans?
There are so many benefits to choosing unsecured business finance. If you need a quick injection of cash for your business without offering the security of an asset, an unsecured business loan could offer the fast, flexible and easy funding solution you’ve been looking for. The pros of unsecured business loans include:
Unsecured business loans offer great advantages for Small-Medium businesses.
Both well-established businesses and relatively new ventures can enjoy a number of significant benefits.
No assets required – With an unsecured business loan, funds can be made available faster than other types of business loans. As assets are not required as security, they offer a highly accessible source of
Funding for business owners.
Use for any purpose – Whether you’re looking to invest in new equipment,
expand your product range, fund for development scale up or break into new markets in the UK or overseas, there are no limits to how you use this type of business loan.
Faster approval and funding – As you do not require an asset or collateral as security for an unsecured business loan, your instant business loan could be agreed within a matter of hours. Depending on your circumstances, you could qualify for an unsecured loan of up to £5,000,000 or more.
Flexible repayment terms – Our alternative business funding can offer you a highly flexible finance arrangement; fixed repayment schedules with no hidden fees and interest rates are agreed upfront. Loans can be repaid over a short or medium term, typically between 1 month to 10 years.
Does my business qualify for an unsecured business loan?
To qualify for an unsecured business loan , you must have been trading for at least 6 months and have a minimum annual turnover of £5,000. There are unsecured loan options for sole traders too.
It is worth noting that although you will not need to secure your loan against a personal or company asset, you may be required to have a good personal and business credit history.
A personal guarantee or surety bond may also be required, but this could enable you to secure higher levels of funding. If your situation changes and your business is unable to repay the loan, the personal guarantor or bond may be required to pay back the remaining balance under the agreed terms.
If you do not meet these criteria, we can still help you access the finance you need. We offer a wide range of other business finance options and can help you find the right funding solution for your business.
What are the documents required for an unsecured business loan?
When applying for unsecured business loans, there are certain documents that you need to provide. These documents vary from lender to lender, but as a general rule of thumb you should be ready to present:
Can I compare unsecured business loan rates?
Comparing loans rates is a fundamental part of getting the right deal for your business. But it doesn’t just revolve around the best figures. There are differences between secured and unsecured business loans, with each having advantages and disadvantages to consider.
Sometimes the benefits of a particular type of business loan product can outweigh other products based on repayment values. Take, for example, a traditional business bank loan which can be expensive and involve a relatively slow administration process. You may find that an unsecured business loan from an alternative lender will present you with faster funding speeds, less paperwork and innovative repayment options. This is why it is always important to compare unsecured business loans.
Portfolio Finance
If you have a number of commercial rental properties, you may wish to consolidate the cost of the properties into one long-term business loan. The assets, i.e. the rental properties, are grouped together into one portfolio with fees and terms being agreed based on the rental income.
Mezzanine Property Finance
Mezzanine property finance is a secured form of alternative lending that combines both debt financing and equity investment. It is often used to bridge the gap between a traditional mortgage, the developer’s own investment and the property value. It is typically secured by way of a second charge on the property. As well as providing additional finance if funds are lacking, mezzanine finance also enables the developer to minimize their investment contribution.
Is my business eligible for a commercial property loan?
CHANNEL LINK ENTERPRISES FINANCE PLC commercial property finance is available to both limited companies and sole traders. As commercial property finance options vary, so too does the eligibility criteria for each product. However, in most cases, a good credit rating and evidence of a successful trading history will be required to secure this form of alternative finance.
If you do not qualify for commercial property finance, we offer a host of different finance options and can find the right solution to suit your exact needs.
What is a revolving credit facility?
A revolving credit facility is much like an overdraft in that your business can withdraw money when it sees fit to cover all kinds of business needs – from wages to replenishing stock.
Revolving credit facilities allow borrowers to engage in a cycle of withdrawing and repaying money owed. With banks now hesitant to offer overdrafts to businesses, revolving credit is a popular alternative.
A revolving credit facility (RFC) is a rolling agreement that allows funds to be accessed when needed. If you’re a Small-medium business owner looking to seek out alternative loan options, revolving credit could be the financial solution for you.
CHANNEL LINK ENTERPRISES FINANCE PLC Revolving credit is a working capital loans option suitable for small and medium businesses who might struggle with cash flow – whether that’s due to business seasonality or unpredictable cash needs. With RCF finance, interest is typically only charged on the money you have withdrawn from your revolving credit account while it is outstanding.
Fast Track Enquiry
For a quick assessment of whether or not you are likely to be successful in a loan application, email us ,to enable your application to be assessed as swiftly as possible please ensure all the supplementary information requested is included.
We’re here to support sustainability jobs, opportunity, growth, innovation and enterprise. Our application process is geared towards understanding your business and assessing whether we can help. It gives us enough information to ensure that the process moves swiftly.
You can download an application form by email or make a fast track enquiry by filling in the form to allow us to make a quick preliminary assessment of whether or not a full application is likely to be successful.
When an application is submitted and received it is allocated to one of our Loans Managers. If we find that further information is required, we will advise you as soon as possible..
We aim to complete the process, once we have received all the information, within 14 working days.
What you can expect from us
What will you have to pay us for our service?
We do not charge a fee for using our Services or our Site, but we may receive a commission (either a fixed interest rate or a fixed percentage of the amount you borrow) from finance providers or other brokers for effecting such introductions. The commission amount may vary by finance provider, broker or product. Third-party brokers, however, may charge fees for their own brokerage services, but this will be made clear before proceeding.
The Financial Conduct Authority requires us to disclose the nature of commission in our communications, and, if asked by the customer, the commission amount. The existence and nature of commission arrangements where the commission varies depending on the finance provider, product or other permissible factors will always be disclosed.
Credit checks, potential impact to your credit score and how we share your personal information with Credit Reference Agencies.
You confirm that all of the information you have given is true and complete. Whilst we do not perform formal credit checks, we may carry out a soft credit search or identity check on you with one or more credit reference agencies (“CRAs”). Furthermore, the CHANNEL LINK ENTERPRISES FINANCE PLC may wish to carry out credit checks from a major credit reporting bureau with any personal or business information that may be supplied to them under the provision of our Services to assess your credit worthiness. A missed and/or late payment may affect your credit score.
At CHANNEL LINK ENTERPRISES FINANCE PLC, we are committed to offering our customers the highest possible standards of service. In doing so, we are pleased to support the initiative ‘Treating Customers Fairly’.
Our commitment to our customers
We will: -Provide you with clear information about the service we offer. Continually aim to understand your business needs, preferences and circumstances in order for us to narrow down the selection of options that may be available to you.
Source the most appropriate lender that we consider suitable for your business, and that you can afford (based on the information provided and is available to us).
How you can help us
To help us give you the service that you require, we will ask you to:
Tell us as much as possible about your business income and outgoings, to enable us to properly assess how much your business can afford.
Let us know about future changes that might affect your business’ ability to make re-payments of your credit agreement (if known).
Let us know if there is any aspect of our service, or of a product/finance solution we have discussed that you don’t understand.
Tell us if you think there are ways we can improve our service.
Data Protection
To provide a service to you, we will need to gather information about your personal circumstances. The information you provide to us will be subject to the Data Protection Act 2018, incorporating the General Data Protection Regulation ((EU) 2016/679).
Our Privacy Policy sets out the different areas where user privacy is concerned and outlines the obligations & requirements of the user and our Website. Furthermore, the way this Website processes, stores and protects user data and information will also be detailed within this policy.
By providing us with your personal and business information, you consent to the collection and use of any information you provide in accordance with this privacy policy.
We take your continuing use of our service as your consent to our terms of business as outlined in this Disclosure Document, as well as to our general terms of service. If you do not consent to these terms, please notify us immediately, and we will stop providing our services.
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CHANNEL LINK ENTERPRISES FINANCE PLC
Company Registered No. 06169713
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