Review
In this first stage NGI Finance will discuss your requirements and advise you if your business is eligible for the Unsecured Business Loan product. Once financials have been received NGI will complete your application form and submit it to the lender for approval. Decisions are usually made within 48 hours.
The minimum criteria for funding is:
- Annual Turnover of £50,000
- 1 years filed prepared accounts
- 2 years trading history
If your loan requirements have been accepted then the lender will grade your investment opportunity with a risk band. This helps investors to examine the level of risk associated with that investment but it also helps the business to identify a relevant and good deal for them.
Loan Is Submitted On The Marketplace
Once the loan has been accepted and the risk band has been decided the loan is then listed onto the marketplace, for the loan to be funded .
Accepting Your Loan
Once your loan is fully funded the loan can be accepted and funds paid into your bank account immediately.
