Depending on the type of loan, you can use it for many purposes. Some of the most popular are set out in the table below – but if you don’t see what you need, give us a call and we’ll be happy to discuss your requirements.
|Purpose||Short Term Loan||Business Development Loan||Finance Lease/Hire Purchase|
|General Equipment Purchases||✔||✔|
|Furniture & Fittings||✔|
|IT & Telecoms||✔|
(Corporation & income)
|Delivery Service Fees||✔|
|Marketing & Advertising||✔|
|Office Insurance Premiums||✔|
|Research & Development||✔|
You can borrow from a minimum of £2,000. We have no upper ceiling. Short term loans, such as VAT loans may have a higher minimum.
That depends on the amount of finance being applied for. But we have cut all unnecessary red tape out of the process, and it’s possible to complete a full transaction from proposal to signed documents and pay-out within one working day.
You can settle your agreement early, however, it may not always be the best thing for you to do. The video below explains why:
There are no upfront fees or charges on LDF loan or lease products.
Capital is a valuable asset itself in a business. By using finance, you can have a minimal impact on cash flow, as well as accelerating the return on investment quickly. So you can hold onto your valuable capital and invest it in other areas of growth (such as acquisitions, increasing sales heads, training etc.).
Bank finance plays an important role in business growth, but for many businesses it is difficult and painfully slow to access. The options banks offer cannot match the flexibility of a alternative lenders like LDF. That’s why thousands of businesses work with us every year - in fact we say yes to a new customer application every 8 minutes.
We've cut all the red tape to make it as simple as possible. Generally, we require a reason why you need finance and a recent set of business accounts, along with the usual identification documents. If you choose to go ahead with LDF, we will conduct a credit search in order to meet our requirements as a responsible lender.
We know that every business is unique and we try to be flexible to help businesses of all shapes and sizes. Call us today and our finance specialists will help you find the right solution for your business.
Yes of course. We have assisted many new businesses over the years. Even the biggest businesses have to start somewhere, and that at these early stages investment in the equipment you need to get you off the ground absolutely essential. However, we would request a business plan, proof of loan and if available the last 3 months business bank statements and last set of full business accounts as standard for new customers.
You may also be interested in our video, 5 killer essentials for starting a business.
You can contact LDF's Customer Service Team by calling 01244 525460.
We could not have been happier. Banks as usual were a nightmare - they took over six weeks to eventually refuse for vague reasons unexplained. LDF were professional, helpful, friendly, and best of all, fast.