Business loans for new businesses: get fast funding today
Starting a new business or a startup can be exhilarating, but securing the right funding without a strong trading history often poses challenges. Funding Options by Tide makes obtaining a loan straightforward, providing quick access to funds even for new businesses.
Benefits of business loans for new businesses
Working capital
Loans for new businesses offer essential funding to cover initial expenses, salaries, and marketing.
Credit building
Successfully managing your business loan helps establish your company’s credit, improving future funding opportunities.
Flexible usage
Loans can fund inventory, hiring, property renovation, and strategic growth.
Ownership retained
Unlike equity finance, business loans don't require giving up any business ownership or operational control.
Predictable repayment
Structured repayment schedules help manage cash flow efficiently.
How does Funding Options work?
Tell us how much you need
We’ll ask a few questions about your business and the reason for your loan.
Get quotes instantly
Our smart technology will compare quotes from up to 120+ lenders to help you find the ideal business loan.
Apply for a Business Loan 🎉
We'll be there to guide you through every step of the process.
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Types of loans available for new businesses
Secured business loans
A secured business loan uses assets as collateral for the loan. This can lead to a bigger amount of funding, possibly with lower interest rates, but can pose a risk to your assets if you miss any repayments or default on the loan.
Unsecured business loans
Many early-stage businesses don’t have the assets required by lenders to gain access to secured funding. Unsecured business loans don’t require you to put up any assets as security. But they do often come with slightly higher interest rates to reflect the additional risk the lender is taking on.
Invoice finance
Invoice finance enables new businesses to gain access to the cash tied up in unpaid invoices. Instead of waiting 30 days or more for customers to pay, a lender advances you a portion of the invoice upfront. This can be helpful for B2B businesses in the early stages of their growth journey.
Commercial mortgage
A commercial mortgage essentially lets you spread the cost of purchasing a property, whether that’s a company headquarters or a warehouse. The loan uses the property itself as security and these loan types often come with lower interest rates when compared to something like a short-term business loan.
Government backed start up loan
The government offers a loan up to £25,000 to businesses with less than 3 years of trading history. It functions similarly to a personal loan, has an interest rate of 6% and usually includes a monthly repayment plan
Merchant cash advance
A merchant cash advance offers a lump sum payment in exchange for a percentage of future earnings. The advance is based on your company revenue.
Revolving credit facility
A revolving credit facility gives your business access to pre-approved funds that you can draw from, use, repay, and reuse as needed. It’s similar to a business credit card or overdraft facility, but it’s not necessarily tied to a specific card, potentially making it more suitable if you need the funding to pay suppliers or team members.
Bridging loan
A bridging loan bridges the gap between funding needs. Let’s say you want to buy a company premises today, but won’t sell your current company property for another 6 months, as you’d like some time between the move to ensure your team properly settle into their new offices.
Estimate your costs today
If you're ready to take your business to the next level, use our business loans calculator to get an idea of what you can afford.
Want to understand the cost of your loan?
Use our business loan calculator below to find out how much you can borrow to take your business to the next level.
Calculations are indicative only and intended as a guide only. The figures calculated are not a statement of the actual repayments that will be charged on any actual loan and do not constitute a loan offer.
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Financial product information
Representative example*
• 7.63% APR Representative based on a loan of £50,000 repayable over 24 months.
• Monthly repayment of £2,252.94. The total amount payable is £54,070.56
*Some lenders may apply fees during the application process, please note that these are set and provided by these entities.
Annual Percentage Rates
Rates from 2.75% APR
Repayment period
1 month to 30 years terms
We can help
Many options
There are so many options in business finance these days, and business debt consolidation depends on a number of factors.
Over 70 lenders
We work with over 70 lenders offering dozens of products from the whole spectrum of business finance, so we can find the option that's best for your business — whether it's a peer-to-peer loan or an asset refinance.
Consumer debt note
Please note, Funding Options cannot assist you with consumer debt. If you're looking for help with consolidating personal debt, visit the Money Advice Service website for debt advice.
Please note that the information above is not intended to be financial advice. You should seek independent financial advice before making any decisions about your financial future.
It’s important to remember that all loans and credit agreements come with risks. These risks include non-payment and late-payment of the agreed repayment plan, which could affect your business credit score and impact your ability to find future funding. Always read the terms and conditions of every loan or credit agreement before you proceed. Contact us for support if you ever face difficulties making your repayments.
Funding Options, now part of Tide, helps UK firms access business finance, working directly with businesses and their trusted advisors. Funding Options are a credit broker and do not provide loans directly. All finance and quotes are subject to status and income. Applicants must be aged 18 and over and terms and conditions apply. Guarantees and Indemnities may be required. Funding Options can introduce applicants to a number of providers based on the applicants' circumstances and creditworthiness. Funding Options will receive a commission or finder’s fee for effecting such finance introductions.
Vivek Seda
Asset Lending & Property Team Lead
Vivek Seda is the Asset Based Lending & Property Team Lead at Funding Options. Vivek has been in the commercial finance industry for over five years, helping SMEs in the UK access over £40m of funding in that time. He also supports the business on working on corporate finance and structured transactions successfully funding Acquisitions and MBOs for businesses.