Business Loans

A business loan allows a business to borrow without providing an asset, such as property, vehicles or equipment, as security. Lenders instead assess factors including financial performance, trading history and ability to repay.

Funds can be used for purposes such as managing cash flow, purchasing stock, hiring staff, investing in growth or covering unexpected expenses. Loan amounts, terms and interest rates vary by lender and business circumstances.

Business loans offer flexibility without requiring a business asset as security. Funding can often be arranged quickly, helping businesses manage cash flow, purchase stock or equipment, expand their team or invest in growth.

The key difference is whether an asset is provided as security. Secured loans are backed by assets such as property, equipment or vehicles; business loans are not.

Most lenders will require a personal guarantee from one or more directors or majority shareholders. This means the guarantor may become personally responsible for the outstanding balance if the business cannot repay the loan. However, a personal guarantee is not the same as securing the loan against a specific personal asset.

At NGI Finance, we’ll help you compare your options and find a funding solution suited to your business.

In most cases, yes. Many lenders require a personal guarantee (PG) from one or more directors or majority shareholders.

A personal guarantee is not the same as securing the loan against your personal assets. It means the guarantor may become personally responsible for the outstanding balance if the business cannot repay.

Whether a PG is required depends on the lender and your circumstances.

Yes. Most lenders allow early repayment, and many do not charge an early repayment penalty. Typically, you’ll pay the outstanding capital plus interest accrued up to the repayment date.

Some lenders also allow additional or partial repayments without penalty. Terms vary, so we’ll explain your options upfront.

NGI Finance has extensive experience in the business loan market and strong relationships with many of the UK’s leading lenders.

Our market expertise and lender relationships give us access to a wide range of funding options, competitive terms and fast lending decisions, while helping to keep the application process straightforward.

We don’t take a one-size-fits-all approach. We assess your business, funding requirements and financial circumstances before selecting the lenders on our panel best suited to your needs.

This targeted approach avoids unnecessary applications, can improve your chances of approval and helps you secure a competitive funding solution.

It can. Lenders may carry out credit searches as part of their assessment, which could affect your credit score. The type and timing of the search depends on the lender and finance product.

We’ll explain the application process and any required credit checks before you proceed.

Loan terms typically range from 12 to 72 months, although some lenders may offer longer terms depending on the loan amount, purpose and your business circumstances.

We’ll help you choose a term that balances affordable monthly repayments with the overall cost of borrowing.

A well-prepared application supported by accurate financial information can improve your chances of approval. Lenders typically consider your trading history, business performance, affordability and funding purpose.

At NGI Finance, we’ll identify potential issues, ensure your information is complete and position your application against the relevant lender criteria.