Post Office Money is a financial services sub-brand that’s owned and operated by Post Office Ltd. Providing many of the services that would be expected of a major bank or building society, Post Office Money offers a variety of credit cards, current accounts, insurance products, mortgages and personal loans.
Business owners know that in addition to having business banking accounts, they need to be able to obtain small business funding when they are in need of additional money, no matter if that is to pay bills while waiting on accounts receivable or to expand services and locations. While Post Office offers business banking accounts and services, they do not offer business funding, which means that their customers need to turn to another professional for help. At Donkey Finance, we offer business finance solutions so that you can make sure that you have the financing that you need, when you need it, without delay.
At Donkey Finance, we believe in offering new business finance to as many of our customers as we can, which is why we have over a 90% approval rate for loans. This means that as long as you meet certain criteria, we are happy to supply you with the alternative business funding that you require. Some of our criteria include £100k or more in annual turnover, some sort of security property, and 12 months or more of trading history. We work hard to provide new business funding to as many businesses as possible to help you meet your needs.
No matter what type of funding for business expenses you need, from business start up funding to buying new equipment, we are here for you. We work hard to make sure that you have the best solution for your needs so that you don’t take on too much debt or have a payment that is too high for you. No matter what type of funding you are looking for, we will consider your individual circumstances and needs to determine the best fit for you and make sure that your needs are met.
By offering finance for business needs, we work with you to grow your business, expand your product line, and improve your income. Turn to us at Donkey Finance whenever you need help financing a purchase, getting on your feet, or growing. We offer small business finance options up to £200,000, which means that we are able to help you meet your needs and make your dreams come true. Thanks to our fast and easy application process, you can get your approval in under 24 hours, which means that you don’t have to worry about missing out on any great opportunities.
Post Office business or commercial loans are short term, and are often renewable once matured. Business loans are used to fund capital expenditures.
A credit union or high street bank is typically the most appropriate source for this type of funding.
Any assets belonging to a business can be used to as security for such a loan. To qualify for a business or commercial loan, the company in question should be seen as a viable credit risk. When deciding on how feasible a business is in terms of being a good or bad credit risk, a commercial loan officer will look at a number of financial details, including recent tax statements and a business plan.
An online loan calculator is useful for comparing loans that are to be paid back between 1 and 25 years.
The APR that a lender will charge depends on your current circumstances, and will usually be between 3.5% and up to 100%. The cost of a given finance package will vary according to the amount you want to borrow and the length of time that you are borrowing for.
You can also input your monthly budget and the calculator will indicate the amount you can borrow whilst also informing you the period of time you can take out the loan over. Online loan calculators may be used for all manner of financing products, ranging from secured homeowner and commercial loans, through to unsecured personal loans.
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