At Mercia we want small businesses and, indeed, small businesses with ambitions to succeed. And to succeed we want to make sure than when it comes to small business loans, you are making the right decisions when searching for finance or debt investment. These SME loans are vital if you are looking to change your premises, grow your business or bridge cash flow gaps, and bespoke to Mercia, we will also provide small business loans to leverage buyouts and/or acquisitions.
Once you enter into a repayment package, this must to be right for you and your small business, or else this can put you in an awkward situation.
Many SMEs make the wrong choice with their chosen loan, so this is where having access to a small business loan calculator can help you.
You need three key pieces of information about your loan to begin:
• The amount of funding required
• The repayment term
• The interest rate of loan.
Then you need to go online, where in many instances you will get a quick answer, but we would suggest that if you access small business loans through this route, check the small print and make sure you understand if the loan is unsecured or secured. At Mercia, we would prefer to talk to you. Not only to find out more about your small business, but also to understand what your future growth ambitions are, and how our ‘Complete Connected Capital’ can help you to fully realise your small business’ potential.