FAQ
We’re here to answer all your questions
FAQ
We’re here to answer all your questions
General
For Clients
Businesses
To get a loan for your business via mcl finance, you need to: • Be a UK-based business • Be a private or limited company • Have a turnover of at least £15,000 per month • Have been trading for at least 1 year
The amount you can borrow with a small business loan will depend on several factors including the lender's policies, your business's financial health, credit history, and the purpose of the loan. Generally, loan amounts can range between £5,000 and £250,000. Lenders and brokers will assess your business's revenue, profitability, years in operation, and creditworthiness to determine the loan amount you're eligible for. It's important to borrow only what you need and can realistically pay back.
• Yes, you can repay your business loan early without any penalties. • Contact us to arrange early repayment and save on interest.
General
For Clients
Businesses
To get a loan for your business via mcl finance, you need to: • Be a UK-based business • Be a private or limited company • Have a turnover of at least £15,000 per month • Have been trading for at least 1 year
The amount you can borrow with a small business loan will depend on several factors including the lender's policies, your business's financial health, credit history, and the purpose of the loan. Generally, loan amounts can range between £5,000 and £250,000. Lenders and brokers will assess your business's revenue, profitability, years in operation, and creditworthiness to determine the loan amount you're eligible for. It's important to borrow only what you need and can realistically pay back.
• Yes, you can repay your business loan early without any penalties. • Contact us to arrange early repayment and save on interest.
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