Business funding questions
Straight answers on borrowing, security, credit files and tax bills.
Straight answers on borrowing, security, credit files and tax bills.
Bank statements, debt service cover, trading history, filings and credit files.
Read the answer →The reasons lenders decline, and what to change before the next application.
Read the answer →Form MR04 records a repaid loan’s charge as satisfied.
Read the answer →When a broker helps, how brokers are paid, and what to ask one.
Read the answer →Profit is counted when you invoice, and cash arrives when you are paid.
Read the answer →Work backwards from debt service cover to the largest loan.
Read the answer →Start Up Loans, borrowing against assets and invoices, and what to prepare.
Read the answer →The company’s file, the directors’ files, judgments, and repairing them.
Read the answer →Secured and unsecured loans differ in what the lender holds, the guarantee it asks for, the amount, the term and the cost.
Read the answer →Statements, accounts, management accounts, tax, identity and the plan.
Read the answer →Fixed and floating charges, priority on insolvency, and registration.
Read the answer →Default, demand, security, guarantees, insolvency and your duties as a director.
Read the answer →Early repayment charges, break costs, and when repaying early saves money.
Read the answer →The multiple that sets what you repay, and how to compare it with interest.
Read the answer →What is shared, how consent works, how long it lasts, and how to withdraw it.
Read the answer →Interest, tax deducted at source, your ranking on insolvency, and repayment.
Read the answer →Who qualifies, the interest, what is asked for, and how it compares with a loan.
Read the answer →Personal liability for the company's debt, and how to cover it.
Read the answer →The monthly repayment on a business loan, the interest over the term and the total you repay with the arrangement fee.
Work it out →Two loan offers side by side: the monthly payment, the total repaid with fees, and the difference in pounds.
Work it out →Your profit against all your loan repayments, new and existing, as the cover ratio a lender works out.
Work it out →The monthly payment on equipment or vehicle finance with a deposit and a balloon payment, and what the finance costs in total.
Work it out →The monthly repayment on a commercial mortgage, the loan to value and the total repaid with fees.
Work it out →The interest and fees on a bridging loan with interest rolled up, and what each extra month before the exit adds.
Work it out →The cash an invoice finance facility releases and its total cost for a year, with the service fee on turnover included.
Work it out →Converts a merchant cash advance factor rate into the total you repay and an approximate yearly cost.
Work it out →The days between paying for stock and being paid by customers, and the working capital that gap ties up.
Work it out →The monthly payment and total cost of funding a VAT or corporation tax bill over a few months.
Work it out →Your shareholding after an investment round, from the pre-money valuation, the amount raised and any new option pool.
Work it out →Your share of borrowing you have guaranteed, set against life cover that would pay the lender.
Work it out →Funding searches run on Swoop’s platform. Swoop Finance Limited is a credit broker and not a lender, and is authorised and regulated by the Financial Conduct Authority (FRN 936513). Buzz Accounting Ltd introduces businesses to Swoop and may receive a fee from Swoop when funding is arranged. Business funding is separate from the financial advice Equity & General Financial Services Limited gives through this website. Finance is subject to status, and a lender may ask a director for a personal guarantee.
If a lender asks you to guarantee the company’s borrowing, our advisers can advise on life cover for that debt.