What are the loan terms Really Easy Finance offers?

Really Easy Finance secures small businesses loans for any purpose between £1,000 – £500,000. Each loan is tailored to the specific business and can be paid back over periods between 12-60 months.

What information do you need from me to apply?

Our process is really easy, all we ask for is a few details about yourself and your company and one of our account managers will call you to discuss tailoring your lending solution. Each application is different and therefore each applicant requires different proofs depending on the money asked for and the funder used. We are here to help make it really easy for you.

Do I qualify for a Really Easy Finance Loan?

To qualify for a business loan from us all you need is to have a registered Limited company in the UK.

When I apply is there Is any obligation to take out a loan?

No none at all

Do I have the opportunity to repay the loan early?

Of course, you can repay your loan at any time you wish with no penalties.

Do I need to provide any collateral?

In most instances no this isn’t required

How quickly am I likely to receive my money?

Our aim to get you accepted for your business loan within 24 hours. After that it generally takes another 24 hours to get everything signed and paid out for you. So within 48 hours would be a realistic expectation of turnaround from applying to receiving funds.

Does Really Easy Finance fund new business start-ups?

We specialise in helping people secure funding from the off. It makes no difference to us if you have been trading for 1 week or 10 years, we will have a lender and a product that can help you.

I am based in Ireland, Can you help me?

At the moment we only lend to business based in the UK

What is it likely to cost?

A typical loan of £10,000 at £9.9% APR Representative based on a repayable over 36 months at an interest rate of 9.9% pa (fixed).

Monthly repayment of £320.24. Total amount payable £11,528.64.

What does APR mean?

APR stands for the Annual Percentage Rate of charge. You can use it to compare different credit and loan offers. The APR includes important factors such as:

  • The interest rate you must pay;
  • How you repay the loan; the length of the loan agreement (or term); frequency and timing of instalment payments; and amount of each payment;
  • Certain fees associated with the loan.

Do you require security?

No, all of Really Easy Finances business loans are unsecured.

I Have a poor credit history/no credit history, will this affect my chances of approval?

Of course it is always easier to obtain funding if you have a good credit history but it is not necessary and we can help those who have had a chequered past. The best thing to do is to just be truthful with your account manager from the off. This will help us understand where best to place your application.

Although the funders we use do use credit reference agencies to get an overview of an individual or business, decisions aren’t made solely on this information.

Do I need a business plan to get a loan?

We get asked this a lot, as a lot of the main stream lenders will ask you for a detailed forecast of what your business plan is. We however don’t need to see this. We will however ask you what you intend to use the loan for.

What other services does Really Easy Finance provide?

Often when someone applies for a small business loan from us, when we actually get into the nitty gritty of what the purpose of the loan is actually for we sometime recommend a different lending product that better suits our clients needs.

We have access to funders who will fund both soft and hard assets, leasing lenders and a whole host of other products. Some of these can actually be more tax advantageous than a straight forward business loan and are just as easy to get.

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