FAQs
What can a business loan be used for?
Anything from cashflow and stock to covering wages, rent, or growing your business. Our lenders are flexible and fast – with decisions in minutes and funds in as little as a few hours.
How fast can I get the money?
If approved, you could receive funds on the same day after a successful application – sometimes within hours.
Do I need to provide security when taking out a business loan?
Most business loans we arrange are unsecured, so no assets are required, but you will need to sign a personal guarantee. Sometimes other security is required, but we will always discuss this with you so you can make an informed decision.
Will applying for a business loan affect my credit score?
Our lenders start with a soft search that doesn’t impact your credit score. A hard check will only be done if you proceed with an offer.
Can I repay my business loan early?
Yes – many of our business loan lenders offer early settlement and options to overpay which is a great way to save money on interest. We’ll always show you the options upfront.
What is asset finance?
Asset finance lets you spread the cost of equipment, vehicles or machinery over time – so you can get what you need now, without upfront strain on cashflow.
What assets can be financed?
Nearly anything that helps run your business – from vans and coffee machines to construction equipment or IT systems.
Can I refinance existing assets?
Yes. If you already own equipment outright, we can often unlock cash from its value to generate cashflow into the business.
What is a merchant cash advance?
A merchant cash advance (MCA) is a flexible funding option for businesses that take card payments. You get a lump sum upfront, and repay through a fixed percentage of future card sales – ideal for retail, hospitality or service-based businesses.
How is a merchant cash advance different to a business loan?
There are no fixed monthly repayments – you repay more when business is busy, and less when it’s quiet, great for businesses with seasonal trading.
Is there a minimum turnover requirement?
Yes – typically around £5,000 per month in card sales. We’ll help assess your eligibility quickly.
What is a commercial mortgage?
A commercial mortgage is a long-term loan used to purchase, refinance, or invest in commercial property – whether it's an office, warehouse, or shop.
What deposit do I need for a commercial mortgage?
Usually 25–40% of the property’s value, depending on the lender and your business profile.
Can I refinance an existing commercial mortgage?
Absolutely. Many businesses use refinancing to release equity, reduce repayments or switch to a better rate.
What is invoice finance?
Invoice finance lets you access up to 90% of the value of your unpaid invoices immediately – rather than waiting 30, 60 or 90 days to get paid.
How does invoice finance work?
With invoice finance, you raise an invoice as normal, and the lender advances you most of the invoice value. Once your customer pays, you get the balance (minus a small handling fee).
Is invoice finance suitable for my business?
If you invoice other businesses and experience cashflow gaps due to payment cycles, invoice finance could be a game changer. Grange Business Finance can advise if invoice finance could work for your business, and find the perfect lender and product for your needs.
What does a business finance broker do?
A business finance broker connects you with the right lenders and products based on your needs. At Grange Business Finance, we compare multiple options from trusted lenders to secure you the best deal – fast, without the hassle.
Why use a broker instead of going direct?
Business finance isn’t one size fits all, and it’s hard to know where to start. We save you time, reduce paperwork, and by knowing which lenders to approach, we can usually get you faster approvals. Instead of applying with multiple lenders yourself, we do the legwork and present clear options tailored to your business.
What do I need to apply?
Just a few basic details about your business and it’s directors, recent bank statements, and your last set of full filed accounts. Our small, friendly team will guide you through the process and keep in touch along the way.
Do you work with startups or new businesses?
Typically it’s harder for new businesses to find funds, but we do have options for businesses trading for as little as 6 months. Let’s talk about what’s possible.
Is there a cost to use Grange Business Finance?
We don’t charge an upfront fee, but we do take a commission from the lender if you take finance that we have found you. If any fees apply, we’ll always be transparent – no surprises.
Still have questions?
Get in touch today and our team will be happy to talk you through the process, with no obligation and no pressure.