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.

Need a fast finance quote?

Many business owners we speak with are already trying their bank for a loan. In Ireland up to 80% do so. However there are many reasons to try BusinessLoans.ie.

  1. 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. Or if you need a bigger amount, don’t worry. Get up to €1,000,000 funded in 24 hours.

  2. We compare the market. There are a number of loan quote options available, outside of your bank. We use non-bank lenders. They have modern systems and underwriting processes. That often means far less paperwork, delay, hassle and expense; and multiple quotes to compare.

  3. We give you ongoing support. Sometimes an opportunity comes along in business that you can’t pass up. A supplier needs to liquidate some stock quickly? We might just be able to get you on to that deal. A debtor has broken their promise and left you in a cash flow pickle? A one-off invoice finance deal could bridge the gap. We’re ongoing partners to our clients.

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: Ukraine Credit Guarantee Scheme

BusinessLoans.ie is happy to have access to the Ukraine Credit Guarantee Scheme (UCGS). It gives businesses lower rate loans and without personal guarantees.

What is UCGS?

Our partner credit teams have Strategic Banking Corporation of Ireland (SBCI) funds under the UCGS. Businesses that have seen costs go up 10% due to war can qualify, for example, inflation on utilities and fuel.

Loan features:

  • Rates start at 5.65%.

  • Loans from €10,000 to €250,000.

  • Terms from 12 months to 60 months. 

  • No personal guarantee.

  • Instant funding on acceptance.

  • Unsecured business loans for working capital or investment. 

If the business qualifies under the scheme, it still needs to pass the underwriting process. Expect to need to have recent filed accounts in profit, a tax clearance certifiate and no recent missed payments in the bank statements.

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: Steel shed builder gets a €75,000 stocking loan boost

BusinessLoans.ie is celebrating another happy client. It was for an engineering firm that needed bulk steel at a good price to finish a flurry of recent orders. The business owner felt their bank would take too long and was looking for a quick turnaround. They got a 24 hour approval through a non-bank lender at a fair rate. They took a 12 month term and were happy to know they could exit the loan early if they wished to save on interest.

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

Recent deal: Fire protection business gets a €50,000 cash flow loan

BusinessLoans.ie is celebrating helping another client. It was for a business in fire protection & construction services. The business had been trading for a few years, built up solid turnover and reinvested in growing the business. However, they had reliable but slow paying debtors such as county councils and much of their cash was tied up here. Net profit was tight and they had an arrangment with Revenue, so no tax clearance certificate. Their bank was unable help and they had wages and other bills to pay.

BusinessLoans.ie identifed a flexible repayment loan that could work due to their sizable turnover. They got €50,000 funded in days and were happy to have a flexible repayment that worked in tune with their cash flow cycle.

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

Recent deal: Tile superstore gets a €100,000 stocking loan

BusinessLoans.ie is celebrating another successful deal. It was to assist a tile superstore get extra stock. Business was booming but their last set of accounts ended up on a small loss due to the pandemic. Because of the loss they were having a difficult time accessing unsecured finance. We identified a merchant cash advance opportunity due to their large volume of sales by card. The lending partner was able to provide an initial €30,000 facility and then, some months later, another €100,000 facility. Our client was happy to have a flexible repayment that works with their cash flow cycle.

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

Recent deal: Civil engineering firm gets a working capital boost

BusinessLoans.ie is celebrating another happy client. A civil engineering firm identified a short term but immediate cash flow issue. Some of their county council clients, while reliable, were slow to pay. They needed €50,000 minimum but would prefer €100,000, if that was possible. They were able to get a fast finance quote with an easy-to-get documents request in 24 hours. They were approved for the desired upper limit of €100,000 and the director could then e-sign and the funds transfer was underway. The client was delighted with the smooth process and were able to get back to focusing on business.

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

Recent deal: A pub gets a €60,000 working capital boost

BusinessLoans.ie is celebrating another happy client. It was for a pub business in need of extra working capital. They were renovating accommodation to take in refugees; and generally needed cash flow help because of inflation pressures. They had previously tried a lender and were quoted a high interest rate and short term. We organised a quote within 24 hours. They got the amount they wanted, the 3 year term they wanted and a rate they were happy with. The business owner was especially pleased that there was no early repayment penalty and planned to fix up the balance of the loan in 18 months and save on interest.

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

New €50,000 fast business loan in Ireland, same day drawdown

If your business ever needs a fast fifty, now you can. Get same day drawdown on loans up to €50,000 with two documents. Sometimes businesses need funds fast. That could be a loan to take advantage of a discounted stock purchase, to meet payroll during a cash crunch or to handle any number of business loan requirements that arise in the day-to-day running of a business.

We’ve got you covered. Our partner credit teams can still offer fast turnaround times of 24 hours on bigger loans, up to €500,000 but if you have a very pressing requirement that can now be acommodated in a faster business loan quote, up to €50,000.

Talk to the BusinessLoans.ie team today on 01 55 636 55 or email hello@businessloans.ie