OSBF Small Loans

Small Loan Product (£10,000 to £30,000)

Although the majority of our loans are in excess of £30,000, at One Stop Business Finance we want to be sure that we cater for smaller borrowing requirements as well. With that in mind we have our Small Loan Product, which provides funds for SME businesses requiring short term funding between £10,000 and £30,000. As with all our own lending products, it is entirely flexible and bespoke to individual client requirements. This product is ideal to extend or replace an overdraft facility, deal with the VAT bill, pay the deposit for a fixed asset purchase or any number of other short term reasons. The fees are low, as we do not need to use our solicitors for these transactions and they are regularly completed in three working days.

The product can be summarised as follows:

Loan Value: £10,000 to £30,000

Maximum Term: 18 months (3 months maximum interest only)

Security: Company Debenture, Directors Personal Guarantees and Independent Legal Advice

Repayments: 1st of the month by direct debit

Arrangement Fee: Larger of £500 or 3% of loan value

Roll Forward/Renewal/Amendment Fee: Larger of £250 or 1% of loan value

Interest Rate: 1.75% to 2.75% per month

We are keen to support borrowers who have been declined elsewhere, so we operate simple approval criteria, the key requirements being:

  • At least one set of profitable filed accounts
  • At least one director is a homeowner
  • OSBF has no worse than second ranking debenture
  • Located in England (outside of the M25) or Wales
  • We can lend for anything from 1 month to 24 months with our own funds
  • We adhere to responsible lending and this is important to us
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