Trusted financial services provider in the UK
Business Finance

Business loans

Access funding for growth, working capital, premises, stock and other legitimate business requirements. Somerset Financial can help you explore suitable business loan options.

Finance at a glance

Key details to help you understand this finance option at a glance.

Purpose

Working capital, investment, expansion and general business expenditure

Finance amount

Subject to lender criteria, affordability and business circumstances

Finance term

Short, medium or longer-term options may be available

Suitable for

UK businesses seeking additional capital for a defined business purpose
Key note
Loan availability, security requirements, rates and terms vary by lender and applicant.

What is a business loan?

A business loan provides a business with capital that is repaid over an agreed period, usually together with interest and any applicable fees. Businesses may use loans for working capital, expansion, stock, refurbishment, recruitment or other legitimate commercial purposes. Facilities may be secured or unsecured depending on the amount, business profile, lender and purpose of the borrowing.

How do business loans work?

The appropriate loan structure depends on why the business needs funding, how much is required and its ability to repay.
01

Define your requirement

Establish how much capital the business needs and its intended use.
02

Review the business

Financial performance, trading history and affordability can be assessed.
03

Compare suitable options

Available loan structures can be considered based on the circumstances.
04

Application and completion

Subject to underwriting and approval, documentation is completed and funds can be released.

What can a business loan be used for?

A business loan can provide capital for many commercial objectives.

Working capital

Support operational costs and short-term cash flow requirements.

Business expansion

Fund growth, additional locations or increased capacity.

Stock and inventory

Purchase inventory ahead of expected customer demand.

Refurbishment

Improve commercial premises or customer-facing facilities.

Recruitment and marketing

Invest in people and activities intended to grow the business.

Benefits of business loans

The right finance structure can help a business invest while managing its existing cash resources.

Access growth capital

Fund opportunities that may otherwise require significant existing cash.

Flexible uses

Business loans can support a broad range of legitimate commercial requirements.

Structured repayments

Repayment schedules can help businesses plan their ongoing commitments.

Multiple finance structures

Depending on circumstances, secured and unsecured options may be available.

Is a business loan right for your business?

A business loan may be appropriate where there is a clear funding requirement and the business can support the repayments.

Established businesses

Companies requiring capital for expansion or ongoing operations.

Growing SMEs

Businesses investing ahead of expected growth.

Businesses with defined projects

Companies needing finance for a specific commercial investment.

The Somerset process

A straightforward, supportive process from initial discussion to completion.

01

Understand

We take time to understand your business, your goals and your finance requirements.

02

Explore

We assess your requirements and explore suitable finance options from available lenders.

03

Apply

We support you through the application process and liaise with the lender as required.

04

Complete

Once the finance is approved and completed, you can move forward with your business plans.

Why Somerset Financial?

Straightforward support to help you explore suitable business finance options for your circumstances.

Finance options explored

We help you explore finance options based on your business requirements and circumstances.

A personal approach

We take time to understand your business, objectives and funding requirements before exploring suitable options.

Tailored to your business

Finance requirements vary from business to business, so we focus on options relevant to your individual circumstances.

Clear guidance

We explain the available options and process clearly, helping you make an informed decision.

Support through the process

We support you through the application process and liaise with the finance provider where required.

Focused on your objectives

Whether you are investing, replacing equipment or managing cash flow, we focus on finance options aligned with your business objectives.

Business loan FAQs

Common questions about borrowing for business purposes.

Ready to discuss your business finance requirements?

Speak with Somerset Financial about your requirements and explore finance options that may be suitable for your business.