According to the Small Business Survey, produced by the Department for Business, Innovation and Skills, the main reason that businesses applied for external finance in 2015 was to acquire working capital or for cash flow purposes, with results detailing that 52% of businesses surveyed cited this as their main motivation for external funding.
At the other end of the scale, only 3% of businesses used external finance to fund their Marketing requirements, despite the forecast that spending in Marketing would increase in 2015.
At LDF we understand that securing the finance to support your business’ growth can be difficult. To help ease the burden of those recurring business expenses that can often hinder your cash flow, we offer both short and long-term business loans, giving you the choice to select the best financial solution for your needs.
Short Term Business Loan
Our short-term business loans help you to cover specific business purposes and enable essential costs to be spread over a 3 to 12 month term.
Business Development Loan
Our Business Development loan is available to SMEs to help drive growth and business advancement. It can help your business raise the capital required to cover a range of costs over an extended loan period of between 12 months and 5 years*.
Which loan should you choose?
Typical requirements for LDF Business Loans may differ depending on whether you opt for a short-term or longer-term (Business Development) loan. Use the table below to select the loan that will best suit your business needs:
|Purpose||Short Term Loan||Business Development Loan|
|Delivery Service Fees||✔|
|Fixed Share Partner Levies (LLP)||✔|
|Marketing and Advertising||✔|
|Office Insurance Premiums||✔|
|Partner Buy In and Outs||✔|
|Professional Indemnity Insurance Premiums||✔|
|Research and Development||✔|
|Tax Payments (Corporation and Income||✔|
Learn more about our business loans or contact us to discuss your requirements on 01244 525410.
*The 5 year term is available only to professional firms in the legal, accounting, architectural and healthcare industries.