FAQs

Secured and Unsecured business loans, Merchant Cash Advance, Development Finance, Commercial Mortgages, Bridging Loans, Card Payment Systems (EPOS)

Yes we’re regulated by the Financial Conduct Authority.

Lending Limits of up to £750K unsecured, £1Million+ Secured/commercial Mortgage/Merchant Cash Advance.

If approved for an unsecured business loan you can receive funds within 4 hours

Any Limited Company/Partnership/Sole Trader that has been trading for a minimum of 12 months.

Application Form, 6 Months Bank Statements & Latest set of financial accounts.

Annual turnover greater than £50K P.A, No Defaults/CCJS or active bankruptcies.

Lender Fees vary from 3% up to 11.% of loan amount.

Personal Guarantee and/or Debenture on a Unsecured business loan, 1st or 2nd Charge on a property if the business loan is secured.

Soft search on application and Hard Credit Search on approval will be performed by all lenders when Shire Funding Solutions acts as a broker, Hard Search is performed if Shire Funding Solutions are acting as a lender.

We don’t deal with start-ups only businesses that have been trading 12 months+

We have a lender panel of 20 lenders that we work alongside to help you find the right funding solution to suit your business.

The interest rate is the basic cost of borrowing money, while the Annual Percentage Rate (APR) is a broader measure that includes the interest rate plus any additional lender fees associated with the business loan.

An unsecured business loan is a loan a business can receive without providing collateral, such as property or equipment, as security.

A secured business loan is a loan backed by a specific asset, or collateral, such as property or equipment that the lender can claim if the business fails to make loan repayments. 

The primary difference is that a secured business loan requires collateral (assets like property or equipment), while an unsecured business loan does not require collateral, relying on the business's financial health and credit history.

A merchant cash advance (MCA) provides businesses with a lump sum of cash in exchange for a percentage of their future credit and debit card sales. It is a short-term, unsecured form of funding that does not involve traditional interest rates or fixed monthly payments, instead linking repayment to a business's sales performance.

A commercial mortgage, or business mortgage, is a loan used by businesses to purchase, refinance, or develop property for business use, such as an office, factory, shop, or warehouse.

A property development loan is a short-to-medium term, secured business loan specifically designed to fund property construction, renovation, or conversion projects.

A bridging loan is a short-term loan, typically lasting up to 12 months, used to cover a temporary financial gap, such as buying a new property before selling an existing one.

A GGS loan is a loan offered under the Growth Guarantee Scheme, a government-backed finance product in the UK designed to help smaller businesses invest and grow. The British Business Bank manages the scheme, which provides a 70% guarantee to lenders. While the borrower remains 100% liable for the debt.

A merchant cash advance (MCA) provides businesses with a lump sum of cash in exchange for a percentage of their future credit and debit card sales. It is a short-term, unsecured form of funding that does not involve traditional interest rates or fixed monthly payments, instead linking repayment to a business's sales performance. No set monthly payments as a percentage of your daily card takings is taken to repay the Merchant Cash Advance.