Business Loans For Bad Credit
Alternative finance for small businesses with poor credit scores
A poor credit score shouldn't stop your small business from securing funding through our alternative, unsecured cash advances.
How much finance does your business need?
£5,000£10,000£15,000 Most popularOther
Business loans for growth
Does your business need an alternative to the traditional bank loan?
With our business loans, your business could receive between £5,000 to £200,000 in unsecured funding.
We are the ideal funding alternative for businesses who need a loan but have poor credit history.
When assessing an applicant, we look at your business’ recent debit and credit card transactions meaning we don’t just rely on your credit history or score when deciding.
Benefits of unsecured business cash advance:
Our business loan is ideal for SME business owners. Benefits include:
- 90% approval rate
- Approval within 24 hours
- No APR or other hidden charges
- No security or business plan required
- Apply online in minutes
- Flexible repayments based on your debit and credit card sales
How a Merchant Cash Advance works with 365:
A business that processes £10,000 per month in credit and debit card sales, is eligible to receive £10,000 in an unsecured business cash advance, with no APR or fixed-terms, and repayments based on your monthly card sales.
Only repay us when your customers pay you!
Do I Qualify?
Qualification for our business cash advances is simple: Contact our customer services team to see if you are eligible.
- In business for at least 12 months
- Average monthly credit and debit card turnover of at least £5,000
The flexible alternative to bank loans
The fast and flexible way to raise capital funding for your business, even if you have bad credit.
If your business transacts through a debit or credit card terminal and has been trading for longer than six months, you could be eligible for our business funding between £5,000 and £200,000, even if you have bad credit, or no credit history. Unlike a small business loan from a bank, we don’t do hard credit checks. Instead, we look at your business’ recent debit and credit card transactions and apply a soft credit check.
With no fixed monthly payments, hidden APR or other costs, repayments are based on an agreed percentage of your credit and debit card sales, so you only pay us back when your customers pay you, letting you focus on running and growing your business.
Frequently Asked Questions View All
Our merchant cash advances are designed as a quick and easy business funding solution, for small businesses looking to raise between £5,000 and £200,000 for your business. Unlike a regular loan, there are no fixed weekly or monthly payments. You simply pay back a small percentage of your credit and debit card sales, which means that you only pay us back when you sell to your customers.
So if you’re having a quiet month, your repayments automatically reduce, which helps you manage your cash flow.
There is an all-inclusive cost that gets added to the advance, so there are no interest charges, APR’s or late fees.
- Apply in minutes
- 90% approval rate
- Approval within 24 hours
- No security or business plans required
- Flexible repayments based on your card sales
- One simple all inclusive cost, that never changes, agreed upfront
We understand that as business owners and entrepreneurs, your time is important and you need quick answers so that you can focus on your core business.
That’s why we've designed our business cash advances funding process to be fast, simple and hassle-free. We don’t require business plans or security for our alternative cash finance, and your advance will be approved in under 24 hours. The processing of the repayments happens automatically so there is no disruption to your business.
Best of all, it’s a cash flow friendly solution for your business designed to match your business performance, so you pay us back when you sell to your customers.
Unlike regular bank loans, there are no fixed weekly or monthly repayments on a merchant cash advance with 365. You simply pay back a small percentage of your credit and debit card sales, which means that you only pay us back when you sell to your customers.
So when sales are down, the repayment amount is also low which helps you manage your cash flow, especially during quiet months. Instead of charging you interest on the advance based on the length of time it is outstanding, there is a single, all-inclusive cost added to the advance, so there are no APR’s or late fees.
Best of all, the application process is much simpler than for a regular bank loan, and your advance will be approved in 24 hours and you can have the funds in your bank account within days.
See the comparison between our unsecured business cash advances and a traditional bank loan, here.
Click the “Get a quote” button for a no-obligation quote on a merchant cash advance.
Alternatively you can email us oninfo@365businessfinance.co.ukor call0207 1000 365to speak with one of our representatives.
- You have been in business for at least 12 months
- Your average credit and/or debit cards sales during this period are at least £5,000 per month.
Alternatively you can email us oninfo@365businessfinance.co.ukor call0207 1000 365to speak with one of our representatives.
Our cash advances range from a minimum of £5,000 up to a maximum of £200,000, in unsecured capital funding.
Our maximum advance size depends on your average monthly credit and/or debit card sales. Typically we can offer up to 100% of your monthly card takings. Should you require more, please call our office for a bespoke quote to match your needs.
Unlike a regular bank loan, there are no interest charges or APR’s on an unsecured merchant cash advance with 365. You pay a single, all-inclusive cost, which gets added to the cash advance and remains the same irrespective of the length of time it takes to repay.
There are no application fees, admin charges or hidden extras.
Contact our customer service team for a no-obligation quote on our quick business loans.
You repay a small, agreed portion of your credit and debit card sales, which then reduces the balance outstanding on one of our.
So if you are having a quiet month, the repayment amount is also low which helps you manage your cash flow. There is no term on the product, so there are no additional charges if the advance takes longer than expected to repay.
You simply pay back a small, pre-agreed portion of your credit and debit card sales, so the exact length of time it takes to pay back a merchant cash advance depends on when you make sales to your customers. There are no fixed weekly or monthly payments.
No security is required for our unsecured merchant cash advances. To find out more information, readhere.
Yes, we provide ongoing cash advances for small to medium UK businesses.
Our merchant cash advances are fully flexible, so you can always apply for additional funding elsewhere.
We partner with a number of financial brokers and introducers to help their clients secure unsecured funding for their businesses, through an unsecured business cash advance.
We offer training to help you understand our products and gain access to co-branded materials, a dedicated broker contact and a competitive commission scheme.
So contact us on brokers@365businessfinance.co.uk or 0207 1000 365 to find out more about our broker referral scheme.
