Quick Business Loans? Same day approval!

If you’re looking for a fast business loan in Ireland then BusinessLoans.ie can help. We specialise in non-bank lenders who have a quick turnaround. If your bank is taking too long then don’t worry. We’ve got you covered:

We’re Fast: Amounts less than €50,000 can be approved and funded on the same day. That’s generally for businesses with at least one year’s profitable accounts behind them. For bigger amounts, don’t worry! Get up to €1,000,000 funded in as little as 24 hours.

We Compare the Market: There are numerous loan quote options available outside of your bank. We utilise non-bank lenders who have modern systems and underwriting processes. This often means far less paperwork, delay, hassle, and expense; plus, multiple quotes to compare.

We Offer Ongoing Support: Sometimes, an opportunity comes along in business that you can’t pass up. Whether it's a supplier needing to liquidate stock quickly or a debtor breaking their promise and leaving you in a cash flow pickle, we’ve got you covered. A one-off invoice finance deal could bridge the gap. We're committed to being ongoing partners to our clients.

Tailored Solutions for Your Business Needs: At BusinessLoans.ie, we understand that every business is unique. Whether you need working capital, equipment financing, or invoice finance, we have tailored solutions that fit your specific needs.

Competitive Rates and Transparent Processes: We pride ourselves on offering competitive rates and transparent processes. Our goal is to help you secure the finance you need with minimal hassle and maximum benefit.

Does your business need a fast finance quote? Call the BusinessLoans.ie team on 01 55 636 55 or APPLY HERE.

Irish Tech Startups Raise Record €1.48 Billion—But What About Smaller Businesses?

The latest IVCA VenturePulse report shows that 2024 was a record-breaking year for Irish tech investment, with €1.48 billion raised. Major deals, like XOcean’s €115 million and Fire1’s €116 million rounds, drove this growth. However, while big-ticket funding surged, smaller deals—especially under €5 million—saw a sharp decline.

For startups and SMEs, this highlights a critical issue: while venture capital (VC) remains strong for high-growth companies, many businesses seeking smaller funding rounds are struggling to secure investment.

The Growing Funding Gap for Smaller Businesses

The IVCA report found that:

• Deals between €3 million and €5 million dropped 37% year-over-year.

• Deals in the €1 million to €3 million range declined 24%.

• Seed funding fell 4% over the year and 55% in Q4 alone.

This means that early-stage and growth-phase companies—especially those outside of deep tech or biotech—are facing increasing difficulties in accessing funding.

What This Means for Irish SMEs and Startups

While government initiatives, like the €250 million Seed & Venture Capital scheme, will provide some support, many businesses can’t afford to wait for public funding. This is where alternative financing solutions come into play.

At BusinessLoans.ie, we help Irish businesses access the capital they need—whether through business loans, asset financing, or alternative lenders. Unlike venture capital, which often requires giving up equity, our financing solutions allow businesses to grow while maintaining full ownership.

Need Funding? Here’s How We Can Help

• Flexible Business Loans: We work with a network of lenders to secure funding tailored to your needs.

• Faster Approvals: Unlike traditional bank loans or VC rounds, our financing solutions can be approved in days, not months.

• No Equity Dilution: Keep full control of your business while securing the funding you need to grow.

Get the Capital Your Business Needs

If you’re an Irish business struggling to secure funding, now is the time to explore alternative finance solutions. Call the BusinessLoans.ie team today on 01 55 636 55 to discuss your options and take the next step in your growth journey. Or APPLY HERE.

Top 5 Reasons Why Business Owners Use Alternative Finance

At BusinessLoans.ie, we help business owners across Ireland secure the funding they need—quickly and efficiently. While banks remain a traditional source of business finance, many entrepreneurs turn to alternative lenders for a variety of reasons. In our latest video, we explore the top five reasons why business owners choose alternative finance over traditional banks.

5. The Bank is Taking Too Long

Time is money, and in business, delays in securing finance can mean missed opportunities. Traditional banks have long application processes, multiple approval layers, and strict underwriting procedures. Alternative lenders, on the other hand, move much faster, often providing approvals within days rather than weeks or months.

4. The Bank is Requesting Too Much Information

Banks typically require extensive documentation, including financial statements, tax returns, business plans, and detailed forecasts. While this level of scrutiny makes sense for risk management, it can be overwhelming and time-consuming for business owners. Alternative lenders streamline the process with more flexible documentation requirements, making it easier to access funding.

3. The Business Has Some Missed Payments

Traditional banks have rigid lending criteria, and even a few missed payments can result in a declined application. Alternative lenders take a more holistic approach. Some are willing to accept a higher risk threshold, especially if there is a strong underlying business case. Secured financing options, where assets are used as collateral, can also help businesses access funding despite a less-than-perfect banking history.

2. The Business is Seasonal

Seasonal businesses face unique cash flow challenges. Many traditional loans require fixed monthly repayments, which can be difficult to maintain during off-peak months. A Merchant Cash Advance (MCA) offers a more flexible solution. With an MCA, repayments are based on a fixed percentage of daily sales, meaning businesses pay less when revenue is slow and catch up when business picks up.

1. They Need More Than the Bank Quoted

Banks are often conservative when it comes to loan amounts, basing decisions strictly on past financial performance rather than growth potential. Alternative lenders assess the bigger picture, looking at business projections and market trends. This flexibility allows businesses to secure the higher amounts they need to expand, invest, or cover unexpected costs.

Alternative Finance: A Smart Choice for Business Owners

At BusinessLoans.ie, we specialise in connecting Irish business owners with the right funding solutions. Whether you’re facing delays with the bank, need more flexibility, or require a higher loan amount, alternative finance could be the answer.

Call the BusinessLoans.ie team for fast finance quotes on 01 55 636 55 or APPLY HERE.

BusinessLoans.ie latest deal - Stocking finance

BusinessLoans.ie is happy to have helped our client for the fourth time. They needed a new stock of machinery to sell on. While they enjoy some supplier terms they improve their buying power with cash and bulk deals. Along with this they need flexibility in terms they offer to some of the clients they sell machinery on to.

They had tried their bank, however they had approval issues in the past because of tight margins and profit. BusinessLoans.ie has finance partners who can sometimes help in their situation, where there is high turnover and steady cash flow. They got a flexible repayment loan approved in 24 hours; and it worked for them. They were able to renew the facility again and grow their business in the past couple of years.

Does your business need a fast finance quote? Call the BusinessLoans.ie team on 01 55 636 55 or email hello@businessloans.ie.

Business loans forecasting for 2024

Forecasting your ability to secure cash flow loans and asset finance is crucial for effective financial planning for 2024. Here are some steps and considerations to help you with this process:

1. Assess Current Financial Health:

• Review your current financial statements, including income statements, balance sheets, and cash flow statements.

• Identify key financial ratios to understand your business's liquidity, profitability, and solvency.

2. Cash Flow Projections:

• Create detailed cash flow projections for the upcoming year. Estimate your monthly inflows and outflows.

• Consider different scenarios, such as best-case and worst-case, to account for uncertainties.

3. Loan Requirements:

• Clearly define the purpose of the loans and asset finance you are seeking. Whether it's for working capital, equipment purchase, or expansion, having a specific plan will strengthen your loan application.

• Understand the amount you need and the repayment terms you can comfortably manage.

4. Creditworthiness:

• Regularly monitor and maintain a good business credit score. Lenders often use this to evaluate your creditworthiness.

• Address any outstanding debts or issues that could negatively impact your credit score.

5. Relationships with Lenders:

• Strengthen your relationship with existing lenders. If you have a good history with them, they may be more willing to provide financing.

• Explore local banks and financial institutions, as they may have a better understanding of your business environment.

6. Asset Valuation:

• If seeking asset finance, provide accurate valuations for the assets you intend to finance. This adds credibility to your application.

7. Financial Documentation:

• Ensure your financial documentation is in order. Lenders will likely request financial statements, tax returns, and other relevant documents.

8. Government Support Programs:

• Explore any government support programs or grants available for small businesses in Ireland. These can provide additional financial assistance.

9. Professional Advice:

• Consult with a financial adviser or accountant to ensure your financial projections are realistic and well-supported.

10. Stay Informed:

• Keep an eye on economic and industry trends. Changes in the business environment can impact your ability to secure financing.

11. Contingency Planning:

• Have a contingency plan in case your initial financing options do not materialize as expected.

12. Continuous Monitoring:

• Regularly review and adjust your forecasts based on actual performance. This allows for timely adjustments and better decision-making.

By carefully considering these factors, you'll be better positioned to forecast your ability to secure cash flow loans and asset finance for your small business in Ireland. Remember that financial planning is an iterative process, and staying proactive and informed will contribute to your success. BusinessLoans.ie can reach out to lenders to see how much credit might be available. Call us today on 01 55 636 55 or email hello@businessloans.ie.

Recent deal: A pharmacy chain fits out it's latest location with a €200,000 loan

BusinessLoans.ie is celebrating helping our client get a €200,000 merchant cash advance facility to help their pharmacy chain fit out a new location. They will use the funds for fixtures, fittings and for general working capital to get their new location up & running. Our client was happy to be funded within days and continue with their expansion plans for 2023.

Does your business want a fast finance quote? Call the BusinessLoans.ie team today on 01 55 636 55 or email hello@businessloans.ie.

Recent deal: A car valeting business gets a business expansion loan

BusinessLoans.ie is celebrating another successful deal. We helped a car wash & valeting business with a €35,000 unsecured loan. They had an opportunity to expand the business. A new location was available and they required equipment, new hires and a marketing budget. When they engaged BusinessLoans.ie they had been frustrated with the level of information required from their bank for a loan application. They felt they had a simple business and didn’t want to put together detailed business plans & financial modelling. They had a set of profitable accounts filed with the Companies Registration Office, a tax clearance certificate and healthy bank statements. This was enough information for our lending partner’s underwriting team to produce a fast finance quote. They were approved in days and were happy. Does your business need a loan? Call the Business Loans team on 01 55 636 55 or email hello@businessloans.ie today.