Start-Up Business Loan
Get the funds required to establish and grow your business
Our Start-Up Business Loan, also known as a start-up loan or new-start loan, provides borrowers with a great opportunity to ensure their new business is a success. Most lenders are not prepared to lend to new start and early-stage businesses whereas Adelpha takes a different approach. We believe business is personal, so we take the time to look at the people behind the business, and their experience and make a commercial decision based on the merits of the entire lending proposal.
Key features:
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Quick loan application turnaround
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Finance up to £150,000
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Loan is secured against suitable property (1st, 2nd or 3rd charge) and not the business assets
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Fixed interest rates so you know what you pay upfront
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Flexible repayments from one to five years that are tailored to your likely business cash flow or needs
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Deal direct with a dedicated account manager
Why choose an Adelpha Start-Up Business Loan?
Lend up to £150,000
Fast decisions
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We say "Yes" more often
Friendly service
Transparent fixed costs
Access further advances
Our Start-Up Business Loan is designed to be a simple and fair form of finance for a new business. You could receive between £25,000 and £150,000. Your business cash-flows will not be interrupted as the Start-Up Business Loan is repaid over up to 7 years.
The Start-Up Business Loan is secured by property, usually a director's home. Adelpha does not restrict how you spend the advanced funds in your business as we are here to improve your cash flow, not run your business.
Banks can take a long time to make a decision on a loan application and take caution by tightening their underwriting for start-ups. Adelpha has no lengthy application process, once you have provided us with the information we need, you can have approval in principle within two working days.
Who can apply for a Start-Up Business Loan?
The Start-Up Business Loan is available to any registered and based business in England & Wales with a feasible business plan. Security will need to be taken over a suitable property with sufficient equity available to cover the outstanding loan
Some of the benefits are:
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Apply in minutes for £5,000 – £150,000 and get a decision in principle within two working days
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A simple and hassle-free application with a high approval rate
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Repayments tailored to match your business cash flows
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Fixed-rate funding so you know your costs upfront
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A direct point of contact who will keep you informed throughout the application process
How does it work?
Our Start-Up Business Loan is an advance of cash you can repay over up to seven years.
Repayments are tailored to your business cash-flows. A Start-Up Business Loan is secured against suitable property which is typically a director's home. Other residential properties are acceptable as well as Semi-Commercial and Commercial properties. We do not require a debenture over your business assets but will require a personal guarantee, which should not be a problem given we deal with small businesses in which owners have a personal stake and believe in the business’s future.
A Start-Up Business Loan is a boost of funds to help you establish your business.
1. Apply
It's easy to apply. Simply complete our secure online application form. Initially, we only require basic information like your contact details and company name.
2. Quick Call
We will arrange for an account manager to speak with you. We have extensive experience working with small businesses and this conversation enables us to better understand your business and funding requirements. Indicative loan terms will then be provided after this call.
3. Underwriting
Once you have supplied any requested information, we aim to make a decision in principal offer to an eligible business within a business day.
4. Property Due Diligence
Upon payment of a refundable fee, we value the property being secured, and, if applicable, we will contact the prior charge holder(s) for consent for a charge.
5. Legals
Subject to satisfactory valuation and receipt of consent, we then finalise our underwriting and issue the legal documentation in respect of the funding. You are required to take independent legal advice. Once you have reviewed the documents with your solicitor, you will need to sign and return them.
6. Funding
After receipt of all the signed documents, we will perform any final checks and release the agreed funds.