A start-up loan is a business loan to help your small business launch and grow and which you pay back with regular payments with a fixed rate of interest.
Small businesses have in recent years turned their backs on the high street banks in order to get funding and have switched their attention to specialist lenders such as Mercia. SMEs have been supported by Mercia in ways that banks are unable to. Our experienced teams throughout the regions build lasting relationships with the small businesses they lend money to and always aim to exceed expectations.
Here are some of the typical characteristics of Startup Loans that Mercia have available:
• Loans from £100,000 – £1 million
• Loan terms from one to five years
• No early repayment fees