Category Archives: business loans

Find out more about business loans and what’s on offer at the moment in our useful range of guides, general information and advice articles below.

Financing Your Business: Business Loans & Cash Advances

Financing Your Business: Business Loans & Cash Advances

Find out how you can finance your business with Creditwindow.

There are a number of ways you can finance your business – whether you’re just starting out or whether you’re looking to take your business to the next level.

Unfortunately, with the state of British banks, business loans have been far harder to come by as high street banks simply will not lend, which is why Creditwindow is seriously starting to look at how we can help British SMEs get back on their feet.

Currently we’re offering a business cash advance through Working Capital – a company that can give businesses up to £500,000. To find out more about how this works please read “Creditwindow expands into business finance.”

We are also looking at more traditional business loans that are offered through banks and lenders who are willing to fund small businesses.

Let’s face it – both the Government and Bank of England claim that small business growth is the key to getting out of the economic downturn, however, they are doing very little to aid this growth.

Here at Creditwindow we believe in British business and we intend to do everything we can to find the best sources of finance for you. Keep an eye on our business loan section. We understand that one form of finance may not suit every business but we will continue to work towards supporting small business throughout the UK.

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Wonga Payday Loans… For Business?!

Wonga Payday Loans... For Business?!

Wonga Payday Loans... For Business?!

When I read that Wonga were entering the business loan sector I have to admit I laughed to myself… especially if their business loans work in the same way as a payday loan.

Well I took a look at the website and I was… not surprised. It’s essentially a duplicate of their standard website and they use the same “slider” system they have on their payday loan counterpart.

With a lot of businesses facing another recession and difficulty in obtaining finance the idea behind Wonga business loans is a good one, however, I have a feeling that they should be turned to as a last resort – much like a payday loan. In fact the Financial Times have already said that businesses face yearly APRs of 280%… cheaper than a payday loan but still a bit concerning when you compare it to a standard unsecured loan.

However, I’m not one to go off on an tirade like an angry politician or an ambitious journalist. I believe that there is space for an alternative form of finance for businesses – whether they turn to a Wonga business loan or look to a business cash advance.

Wonga are offering up to £10,000 over a loan period of 10 – 52 days (seems a bit short to me) and is a relatively quick, painless process.

For a small business unable to obtain credit it may be worthwhile checking out their business loan offering… it could mean the difference between business growth and stagnation. If I were in a situation where I needed this type of loan I’d certainly consider it as an option.

Creditwindow Expands Into Business Finance

Creditwindow Expands Into Business Finance

Creditwindow announced their expansion into business finance today to help the millions of businesses in the UK struggling to find credit.

Creditwindow is proud to announce the launch of it’s business finance section.

“With the economy and lack of true financial support for small and medium sized businesses in the UK the decision to expand into business finance was a logical progression for the firm,” a spokesperson for the company announced today.

In recent years, following the onslaught of the 2008 / 2009 “credit crunch” small business owners have struggled to obtain valuable credit or business loans for their firms. Whilst business loans do seem to be an obvious choice for many it is a long-acknowledged fact that the British banks are still unwilling to lend – or at least lend at a reasonable interest rate.

There are of course alternatives to small business loans – such as business cash advances – which is Creditwindow’s first commercial finance product.

Unlike business loans, a business cash advance is a way of converting future credit card receivables to cash with no fixed monthly payment. In addition to this – rather than charging an interest rate as such the finance firm merely take a small percentage of the business’ credit card sales to help repay the cash advance.

Whilst Creditwindow acknowledges that this might not suit every business it could ultimately benefit those who are struggling to find an immediate source of funding.

Currently the business cash advance firm Creditwindow works with can give small businesses up to £500,000 – a considerable sum of money.

To find out more please visit our Business Loans section.