A wholly owned subsidiary of Lloyds Banking Group, Halifax was officially founded in the year 1852. One of the first true ‘building societies’ to open its doors in the UK, Halifax was established to help address the country’s severe housing shortage. Halifax now forms part of the Lloyds Banking Group, which employs more than 75,000 people, has over 30 million customers and is the UK’s leading provider of current accounts, savings, personal loans, credit cards and mortgages.
While many people turn to Halifax for personal banking needs, if they need business accounts, such as free business banking for start-ups, online account access, message alerts sent straight to their phones, and support from the business team, they have to work with other banks to receive these services. In addition, this company doesn’t offer commercial finance options. This can be really frustrating for people who are in need of new business funding to get their company up and running or because they need small business finance to help make ends meet or take advantage of a great purchase opportunity.
At Donkey Finance, we are happy to fill the gap that Halifax creates by not offering business or commercial loans to their customers. We believe that you should be able to get the business funding that you need right away, which is why we can offer speedy no obligation quotes and then provide you with an approval in under 24 hours. By working with us, you can make sure that you have the alternative business funding that you need to take advantage of a great deal, expand your company, or even pay additional employees during the busy season. We want to be there for you, no matter your needs, which is why we have so many customers who turn to us in times of need.
The amount of money that you need will vary depending on what you are going to buy or finance. That’s why we offer new business finance loans up to £200,000. No matter how much money you decide to borrow, when you work with us, you can rest assured that you can easily take care of any problems that come your way, thanks to our finance for business solutions. You can secure your loan against a business asset that you already own, which will reduce the stress that you feel about taking small business funding.
We believe in offering you the money that you need, when you need it, so that you are prepared for all that comes at you. It doesn’t matter to us if you are just starting your business, or if you have been in business for a while, we are happy to help you with funding for business expenses. By turning to us for business start up funding or to help you finance a major purchase, you can make sure that you are prepared for whatever comes your way and have the money you need to make your dreams come true.
Commercial finance is another term for business finance – it is lending created for commercial enterprises.
Commercial loans tend to be talked about in contrast to personal finance. There are several kinds of commercial finance. In the beginning, commercial finance would have come from banks. However, nowadays a range of alternative finance options are available. Commercial finance in its most basic form is a commercial loan. You agree a repayment period, the rate of interest and an amount.
A commercial loan can either be unsecured or secured. Secured loans are generally less expensive since the lender is taking a lower risk, but you have to have an asset to use as security. An unsecured loan is useful for businesses that do not have enough assets to get a secured loan. A commercial loan can come from a number of sources. They’re supplied by mainstream banks, challenger banks and independent lenders. They may also be provided by peer-to-peer lending platforms.
Free... No Obligation, No Preliminary Credit Checks
