Emergency Business Loans

As a business owner you’ll have a cash flow forecast, accountancy software and count every penny in and out of the business but cash flow issues can still arise.

Not all cash flow issues will be your fault, late payments from clients, rises in insurance premiums or unexpected debts could occur which ultimately slows down business operations.

Get funded, fast!

Cash flow issues can cause an array of issues within your business putting your revenue and trade at risk if it’s not solved quickly and promptly. Emergency loans are more common than you might think within business finance, as every business is constantly changing and adapting. Business emergencies can arise from nowhere which is why is beneficial to have access to a business loans provider when in need of emergency business finance and alternative finance options.

Business finance and business credit need to be easily accessible and as stress-free as possible, which is why we have access to fast business loan applications and quick business loan decisions. We’ll package together alternative finance solutions to help you pick the right product to help your business move forward in the right direction with your ideal finance provider.

Here are a few different emergency loans for businesses we could look at when you need a cash injection:

Having cash flow issues can be stressful and frustrating. According to SME Finance Monitor of the companies that have secured funding in 2022 so far, four in ten (42%) plan to use credit to manage cash flow, considerably more than the numbers planning to use funds for equipment updates (21%), expansion (19%), or recruitment (4%). These statistics go to show you’re not alone when it comes to managing business cash flow, more importantly, we have the solutions to help resolve these issues.

Struggling with business debt?

Business Debtline is a charity run by the Money Advice trust service. They offer free debt advice to self-employed and small businesses in England, Scotland and Wales.

What is an emergency business loan?

An emergency business loan is easily accessible and designed for businesses in need of a cash flow injection for several different reasons. If you suddenly run into cash flow problems, have staff to pay or have a contract coming up then these are all suitable reasons for an emergency business loan.

Running a business is difficult, especially when you can’t move on with a new idea because you don’t have enough money. However, you don’t have to let cash flow issues hinder you because an emergency business loan is usually simple and easy to achieve. Given we have over 250 lenders on our panel, we’re confident we have the right emergency business loan solutions available for you.

What can an emergency business loan be used for?

An emergency business loan can be used to get you through a challenging time for any of the following reasons and more:

Apply for an emergency business loan

Request a call back

How does it work?

Fill in our form​

A member of the team will be in touch to collect some basic information. This helps us understand the type of funding that would best suit your business.

We find the best funding for you

We use the information you provided to source the best funding options for you and your business using our panel of over 250 lenders.

We present your options

We’ll then present you will all of the funding options available to you and give you time to decide which one you would like to proceed with.

A secured or unsecured emergency business loan?

You can look at both secured business loans and unsecured business loans, which one you decide to proceed with will depends on several factors. A secured loan will always take longer as the security behind the loan is usually fixed against personally owned assets, such as property. This makes an emergency business loan less risky for the lender, it comes with longer terms, higher advances and lower interest rates. 

We tend to find the vast majority of clients tend to opt towards an unsecured emergency business loan, as only a personal guarantee is usually needed. Although unsecured emergency business loans tend to have shorter terms and higher interest rates compared to secured, they’re often obtained within 24 hours of application. Speed tends to be a big factor when looking for emergency business loans.

How can an emergency loan for small businesses help you recover?

An emergency business loan can help your company get through a difficult time, assisting you to get your business back on its feet so that you can feel optimistic about the future of your company. By assisting you in achieving an immediate, healthy cash flow, you can concentrate on taking your business in the right direction, providing peace of mind along the way. Your business depends on a healthy cash flow, so when unanticipated expenses arise or a client delays payment, things can get challenging for you.

Does the UK Government offer emergency business loans?

During the COVID-19 pandemic, the UK Government offered several different funding options to support UK businesses. These included:

These schemes have now unfortunately ceased and are no longer available. 

Business Grants

Although bad credit isn’t a great start when it comes to trying to lend additional funds, not all lenders are put off by this. There are several lenders on our panel that will consider an application for businesses with poor credit along with directors of businesses with adverse personal credit. Typically, you will pay a higher rate due to the risk and it’s usually paid over a shorter term.

It’s important to check the loan amount, total amount repayable and the term when considering whether to progress with an offer. We can also supply you with a no obligation quote which may help with your decision regarding funding for your business. Chat to another business owner for business advice about loans for business, they will offer an impartial view and may pass over some knowledge you were unaware of which could help with business growth.

How do I apply for an emergency business loan?

Simply fill out our form below and one of our advisors will be in touch to find the best business funding solution.

Smart Funding Solutions are authorised and regulated by the financial conduct authority, FRN: 972740

Frequently Asked Questions

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Emergency business loans are designed to provide quick cash injections to businesses that need immediate funds to manage unexpected expenses or cash flow issues.

Emergency business loans are suitable for businesses that need to overcome an unexpected financial challenge that might impact their operations or cash flow. This could include issues such as late payments from clients, unexpected debts, or other business expenses that require immediate funding.

The amount you can borrow will depend on several factors such as your business’s financial circumstances, creditworthiness, and the lender’s policies. Typically, businesses can borrow from a few thousand to hundreds of thousands of pounds with an emergency business loan.

Interest rates will vary depending on the lender and the type of loan. Generally, emergency business loans come with higher interest rates than traditional loans because they’re considered riskier for lenders.

Yes, some lenders offer emergency business loans to borrowers with bad credit, but the loans may come with higher interest rates and stricter eligibility requirements.

The repayment term for an emergency business loan may range from a few months to several years, depending on the loan terms and your business’s financial circumstances.

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Emergency business loans are designed to provide quick access to funds. In some cases, you can get approved and receive the funds within 24 hours of application.

Not necessarily. Some lenders offer unsecured emergency business loans that don’t require collateral, while others may require security or collateral to reduce the lender’s risk.

Emergency business loans are designed to be flexible, and you can typically use the funds for any business-related purpose.

The application process for an emergency business loan varies depending on the lender. Typically, you’ll need to provide basic information about your business and its financial circumstances and undergo a credit check before getting approved.

Like any loan, there are risks associated with emergency business loans. Failure to repay the loan on time can lead to additional fees, penalties, and damage to your credit score.

It’s important to shop around and compare different lenders to find the best option for an emergency business loan. A broker or financial advisor can help you identify suitable lenders and find the best loan for your business’s needs.

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