Homeowners

What is a business loan?

A business loan is a sum of money that’s borrowed by a business entity rather than a private individual. Business loans come in many shapes and sizes and can be used for a wide variety of commercial activities – things like inventory purchase, property and vehicle purchase, tax payments, salaries, overhead costs, business startups, expansion, acquisitions, franchising, and repaying more expensive short-term debt. Repayment periods and interest rates will vary according to the sum borrowed, the type of loan, and the status of the borrower.

Is a business loan right for me?

Finding the right loan is important, and it depends on your business circumstances. You need to weigh it up and remember that falling behind with repayments could put your business at risk. But there are several reasons why you might consider getting a business loan from us:

Borrow more

Here at DCD Lending, business loans go up to £100,000,000.

Lower interest rates (1.8%)

Using your business as security may enable you to access more competitive interest rates.

More time to repay the loan

You can spread your repayments over 3 to 30 years with DCD Lending. Longer loan terms can mean lower monthly repayments, but you may end up paying more interest in total.

Good credit isn’t essential

You could get approved for a business loan even if you don't have a good credit score, as your business balances out the risk from the lender’s point of view.