Consolidation Loans – Simplify & Save
Affordable solutions designed to improve cash flow and reduce interest costs
- One simple monthly repayment
- Lower your monthly outgoings
- Improve budgeting with one, low cost, monthly repayment
- Consolidate secured borrowing onto unsecured facilities
- Reduce strain on cash-flow
- Combine borrowing from multiple lenders into one affordable payment
- Upgrade your existing borrowing to reflect your current financial performance
Simple Steps to Funding
01
Apply
It only takes a minute to get started. Fill in our simple form to check your eligibility.
02
Approval
A BEAR Finance expert will call you within 1 working hour to understand your business' finance requirement.
03
Agreement
We use our expertise and panel of lenders to match you with the perfect solution. Fast, simple and explained in full.
04
Funded
In-funds as fast as 24 hours. Your BEAR Finance expert will provide ongoing support as your business continues to grow.
Frequently Asked Questions
How do I apply for a loan?
Our initial applications require only soft credit checks through a simple process that needs minimal business information and can be completed in seconds. CLICK HERE TO APPLY.
What is a Term Loan and how can I use it?
A Term Loan is a business loan, with terms typically ranging from 13 to 72 months, designed to fuel your business' growth or provide support during challenging periods with cash-flow pressure. We help you secure a loan amount bespoke to your requirements, over a fixed term. Repayments are structured as manageable monthly installments with interest. The majority of our lenders offer additional flexibility, allowing customers to settle early at any time, make overpayments against the capital borrowed and refinance or consolidate loans as your business evolves.
Am I eligible for a Term Loan?
Any Limited business in the UK can apply for a term loan, as long as they have been trading for more than 2 years and has an annual turnover of £250,000 or more. Simply complete our form to discover if you are eligible CLICK HERE.
Can I get a Term loan with bad credit?
Our panel of lenders typically underwrites based on business turnover and performance rather than personal credit strength. However, having a financially strong and profitable business, coupled with good personal credit, will result in the cheapest interest rates available. Some lenders even offer unsecured loans without requiring personal guarantees.
Do I need a personal guarantee?
While most of our lenders require a personal guarantee, some offer unsecured loans without this requirement, but may request a debenture over the business instead.
Can I repay my Term Loan early?
Definitely, you can settle your loan early, at any point during the term of the agreement. There are no early repayment penalties or early redemption fees with any of our lenders. Furthermore, some of our term lenders will even allow part-payment, overpayment and the opportunity to take payment holidays.
What is the interest rate for a Term Loan?
Interest rates are determined by the level of risk that lenders associate with your business. The rate you receive is directly influenced by your business' financial situation and performance. Term Loans offer one of the most cost-effective borrowing solutions available to businesses, providing competitive interest rates combined with affordable monthly repayment structures.
How much can I borrow and for how long?
As a broker (not a lender), we can secure multiple loan agreements on your behalf, significantly increasing your borrowing capacity. The maximum available through our Term lending solutions over terms up to 72 months is £2 million.
When should I get a Term Loan?
Term loans are ideal for established businesses that have been trading for three years or more and are experiencing growth. These loans offer low-interest, affordable financing solutions to support expansion, growth initiatives, or cash-flow requirements. For startups and newer businesses, short-term loans or asset finance may be more appropriate options, for equipment purchases or establishing new locations. Regardless of whether you need short-term or long-term financing, we can assist businesses of all ages, credit histories, and financial performance.
Sourcing Bespoke Finance Solutions
Bespoke
Our approach is bespoke, our dedicated Finance specialists take the time to understand the challenges and goals of your Business.
Efficient
Our enhanced approval success is achieved through relationship strength and precision matching with our panel of lenders.
Accurate
Accurate in our analysis of our clients financial positioning, business modelling and market placement to ensure they are presented to the right lenders for the most successful and suitable result.
Relentless
We are relentless in our pursuit of the best possible outcome for every client, we know that critical business decisions deserve perfect financial partnerships.