Frequently Asked Questions
Find out answers to many client questions below
If you’ve got any questions about how we can help you or how our process works, our FAQs below may help, but if not please do get in touch.
For our friendly flexible funding solutions!
Here at One Stop Business Finance, we don’t operate a standardised ‘check-box’ procedure. We’re all human and are here to listen to your unique requirements – after all, we understand that each business is different.
Our expert team of Business Development Managers and Risk Directors will then tailor funding to match your needs, as well as your long and short-term business growth goals.
In the eventuality that you are unable to make a payment, or if you anticipate that payment will be delayed, please speak with your contact at One Stop Business Finance and let them know your reason.
We will then make a plan on a case-by-case basis, and work with you to find a resolution.
For property-backed loans, repayments are typically made by Direct Debit .
No, at One Stop Business Finance we won’t take control of your card revenue.
For our own-book lending we will lend from £50k – £2.5m, but with a term of less than 24 months.
Across brokerage products, we can secure loan amounts from £50,000 to £250m from 1 month to 40 years – specifically for property finance.
A business loan cost will vary, depending on the type of loan and the duration of the loan.
Interest rates are charged from 1.4% per month, with arrangement fees ranging between 0.5% to 5% of the total loan value.
For our own book lending we will always require a Personal Guarantee, but if we are helping with a brokered solution then whether this is required will depend on the ultimate lender.
At One Stop Business Finance, our exit fee is typically 1%, with the percentage for Development and Refurbishment lending starting at 1% of the Gross Development Value.
We don’t charge for early repayment charges, as long as the minimum income requirement is met.
You will be required to provide a valid form of identification, such as a driving licence or passport. We will also require proof of address, bank statements, and records of any current loans/ debts.
We aim to complete the application and have funds in your business account as fast as possible. The application will be processed quickest if your business bank is eligible for open banking technology, which virtually all banks are now.
A credit check will take place at the start of the application process to ensure affordability and that minimum requirements are met.
The minimum criteria for a loan with One Stop Business Finance entails that that there must be a clear exit plan, be fully secured, and responsible. The loan requirement must also be short-term only.
Loans with One Stop Business Finance are for SME businesses across England and Wales, and for business purposes only.
Absolutely, so long as there is evidence that the loan is affordable and responsible.
