Running a business comes with its challenges, and managing cash flow is one of the biggest. If you’ve had a few missed payments and your bank statements show referral charges, you might worry about your financing options. The good news? Business loans are still possible—even if your credit history isn’t perfect.

Our lending partners assess your business by reviewing your accounts and bank statements, assigning a risk grade from A to D. Based on this, you’ll receive a loan offer with interest rates typically ranging from 6% to 12%. While more missed payments can increase your risk grade, we can provide approval information within 24 hours. Best of all, we never charge a fee for a quote, so there’s no cost to explore your options. If the offer doesn’t suit you, there are alternative solutions to consider.

4 Alternative Financing Options

1. Secured Finance

If your business owns valuable assets such as machinery, vehicles, or equipment, you may be able to secure a loan against them. This can help mitigate the impact of missed payments. For businesses that own land or property, secured finance is an option—but it’s generally only viable for loan amounts of €250k because of significant fixed due diligence costs in building such deals.

2. Invoice Finance

If you have outstanding invoices and are waiting on payments from customers, invoice finance could be a solution. Lenders offer both one-off funding and ongoing credit lines based on your receivables, allowing you to access cash flow when you need it.

3. Merchant Cash Advance

Does your business process payments via card machines, PayPal, Stripe, or similar platforms? A merchant cash advance could be a viable funding route. Instead of fixed repayments, a small percentage of your daily revenue is automatically deducted, making it a flexible option even if you have missed payments.

4. Asset Finance

Need to acquire new equipment, vehicles, or machinery? Asset finance can help you invest in essential business tools without the need for upfront capital. Lenders typically retain ownership of the asset until the loan is fully repaid, reducing their risk and increasing your chances of approval—even with a few credit blemishes.

Get a Fast Quote – No Upfront Fees

If you’re considering business finance, we’re here to help. Contact the BusinessLoans.ie team today for a fast, no-obligation quote: Call us on 01 55 636 55 or APPLY HERE.

As always, consult with your accountant or business adviser to ensure debt finance is the right fit for your situation.