We only run soft credit checks which means applying won’t affect your credit score. But if you decide to draw down funds from us, the business loan will show up on your credit report.

Yep, some of our customers repay early to save on interest. If you want to make extra repayments or pay off your business loan early we won’t charge you any fees. (And don’t worry – you’ll never find any sneaky small print surprises with us.)

Even though we offer business loans, we’re not a bank. We’re an independent company custom-built for small businesses – and our goal is to provide straightforward access to finance where and when your business needs it.

It takes 5 minutes to apply and in almost all cases you’ll get a decision in 24 hours.

With a Flexi-Loan, once you’ve paid back a third of your original credit limit, applying for a top up is easy. We’ll just need updated information about your business.

The interest paid on business loans is typically tax deductible, as it is considered a business expense. However, the principal amount of the loan is not deductible. It’s important to keep detailed records of all loan-related expenses for tax purposes.

A business loan can affect personal credit if the loan is personally guaranteed or if the business owner uses personal credit to secure the loan. Late payments or defaults on the loan can negatively impact the individual’s credit score.