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LOAN FOR BUSINESS IN UK
LOAN FOR BUSINESS IN UK
Pros and cons of business loans
- It can help companies access funds for daily operations and business growth.
- Some lenders offer flexible repayment lengths.
- You keep full equity in your business.
- You may lose an asset if you can’t repay a secured business loan.
- You may have to pay legal and valuation costs when applying for a secured loan.
- Missed or late repayments can negatively affect your business credit rating.
- Business loan repayments may affect your cash flow and long-term business growth.
Types of business loans
- Secured business loans

- Unsecured business loans

- Government loans for businesses
The Start Up Loan Scheme is a government-backed fund that currently offers loans of up to £25,000 to UK businesses that have been fully trading for less than 36 months. You can apply for free, and there are no early repayment charges. If your application is successful, you’ll also get up to 12 months of free mentoring.
Government Start Up Loans have a fixed annual interest rate of 6% and must be repaid over a period of one to five years.
Alternatives to business loans
There are many funding alternatives to consider if you’re unsure about whether a business loan is the right option. Some of these include:
- Government and local community grants:Schemes and grants that lend money to businesses for a variety of purposes.
- Crowdfunding:Setting up a profile on a crowdfunding platform to raise funds from members of the public.
- Angel investors:Encouraging investors to buy shares in your company to get funding.
- Business overdraft:Borrowing money through a business bank account for a short period of time.
- Merchant cash advance:A merchant cash advance loan allows businesses to borrow against future debit or credit card payments made by customers.
- Business credit card:Using a credit card for short-term borrowing.
- Peer-to-peer lending:Borrowing money from individuals using a peer-to-peer lending platform.
We will help you get a loan for:
- purchase of real estate (house, apartment, other buildings) on the secondary market;
- purchase of land for construction;
- purchase of business equipment;
- other investment projects.
To get a loan in the UK, it is very important to have a reliable partner who can choose funds, prepare applications for financing, substantiate estimates, help work out effective business models, etc. Start cooperation with the legal company “Prikhodko and partners” and get credit for your business in the shortest possible time and on the most favorable terms.
Our services are priced from 200 euros per consultation and subsequent support.
Calculate the cost of services
1 question
Are you currently in Ukraine?
2 question
Are you currently in the UK?
3 question
Have you already chosen a bank in which you need legal support for obtaining a loan?
4 question
Is the amount of the loan that you plan to receive more than 500,000 euros?
5 question
Do you need a consultation urgently?
How long does company registration take?
A standard electronic application to Companies House is usually processed within 24 hours. However, preparation of the structure, identity verification, obtaining an address, tax setup and account opening require additional time.
Who needs to complete identity verification?
Directors and persons with significant control — PSCs — must complete verification. Once completed, the individual receives a Companies House personal code used to confirm the relevant corporate role. Non-residents may also complete verification, including by using a biometric passport.
Where is the best place to open an account for a UK company with a non-resident director?
Since traditional UK High-Street Banks require a physical business presence, the fastest and most efficient solution for international companies is to open accounts with electronic money institutions (EMIs). Platforms such as Wise Business, Revolut Business and Payoneer are licensed by the FCA and provide full UK and international account details for transactions.
When must a company register for VAT?
The general threshold is £90,000 of taxable turnover over the previous consecutive 12 months or expected turnover during the next 30 days. Separate rules may apply to non-resident and cross-border models, so VAT should be analysed before sales begin.
Is a company required to file reports if it has not traded?
Yes, it is mandatory. Even companies with no operating activity must annually file so-called “Dormant Accounts” with Companies House and confirm the ownership structure through a Confirmation Statement. Failure to file these documents results in substantial penalties (from £150 to £1,500) and compulsory dissolution of the company, with its assets passing to the Crown.
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