Think Business Loans

Think Business Loans

Introduction

In the dynamic landscape of entrepreneurship, securing adequate financing is crucial for business growth and sustainability. Whether you’re a startup or an established company, finding the right loan can make all the difference. Enter Think Business Loans, a FinTech-driven commercial lending specialist that collaborates with over 200 lenders to empower small and medium-sized enterprises (SMEs). Let’s explore the various loan options offered by Think Business Loans.

1. Recovery Loan Scheme (RLS)

The Recovery Loan Scheme, which closed for new applications on June 30, 2022, provided government-backed loans to support businesses during challenging times. While RLS loans are no longer available, Think Business Loans can guide you toward alternative funding solutions to manage cash flow, investments, and growth.

2. Asset Finance

Need to purchase machinery, vehicles, or equipment? Asset finance allows you to spread the cost of these essential business assets. Moreover, you can access cash based on the value of assets you already own. Think Business Loans helps you navigate this flexible borrowing option.

3. Business Mortgages

Similar to residential mortgages, business mortgages are long-term secured loans used to invest in commercial properties, factories, or development opportunities. Funding typically covers 70-75% of a property’s value, with repayment terms extending up to 25 years.

4. Secured Business Loans

When your business owns assets like commercial property, vehicles, or machinery, secured business loans become viable. The loan amount depends on the value of your available assets and your current circumstances. These loans are often used for working capital.

5. Unsecured Business Loans

Unsecured business loans provide access to funds without requiring collateral. Ideal for managing cash flow or purchasing stock, these loans are available to businesses of all sizes. Approval and terms are based on your business credit score.

How Think Business Loans Works

  1. Tell Us About Your Business: Share basic information about your unique business. Our cutting-edge iFunds technology matches your profile with suitable loans and lenders.
  2. Comparison and Tendering: We put your application to tender with our panel of lenders, ensuring you find the most suitable solution. An account manager will guide you through options, and you can track progress via our smartphone app.
  3. Application Management: Once you’ve chosen a loan, we handle all correspondence and information requests. Your dedicated account manager keeps you updated and ensures timely fund disbursement.

Conclusion

Think Business Loans is committed to simplifying the lending process for SMEs. Whether you need secured or unsecured financing, their expertise and personalized service make them a valuable partner on your business journey. Remember, your Think comparison is free, and we’re here to help you thrive!


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