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The Answer To Your Cash Needs

Representative 277.5% APR

Representative Example: Borrow £700 and pay £111.27 per month for 12 months at an interest rate of 140% per annum (fixed).
The total charge for credit is £635.24 The total amount repayable is £1335.24. Representative 277.5% APR (variable). Your APR rate will be based on your circumstances

Non-payment could have a negative impact on your credit rating and have increased charges and interest rates.

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£100 - £2,000
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Getting Business Loans Even Despite Bad Credit

Throughout the history of time, loans have always been important in the financial survival of not just the individuals and their families, but also of small and big businesses — as well as their employees. Because of the incessantly increasing demands for loans and other loan services, and the consequent increase in the number of borrowers — the number of those who defaulted on their accounts has inevitably steadily increased as well. In an effort to curb the number of possible delinquent accounts in the future, and to ensure that borrowers who are unlikely to pay off their loans on time are excluded from being able to secure any more of these loans — traditional lending firms and institutions have decided to devise a credit scoring system.

With a credit scoring system in place, borrowers who have low income or have no stable sources of income at all were automatically given poor credit scores, while borrowers who frequently miss out on their payments, on the other hand, consequently had their records reflect bad payment histories. As a result, individuals with poor credit scores and bad payment histories were automatically precluded from taking any more loans from any of the standard lending institutions and firms. And while this move did (and still does) serve its purpose in significantly lowering the number of delinquent accounts, it also proved detrimental to the interest of borrowers who were given bad credit.

Because borrowers with poor credit scores and bad payment histories were precluded from taking any more loans from any of the traditional lending institutions or firms, the challenge was finding reliable financial solutions in times of desperate situations. And since borrowers with poor credit were no longer allowed to take any more of the conventional loans from any of the legitimate institutions, they were often left with either extremely uncomfortable or highly improbable financial alternatives.

Getting Business Loans in the UK

For borrowers with bad credit, the only options to choose from in times of financial difficulty were between either extremely risky or just downright embarrassing: such as borrowing money from lenders operating illegally, or swallowing their pride by asking friends or members of their families. And since it’s not always possible to borrow friends and family members, many borrowers with bad credit often resort to procuring loans from illegally operating lending institutions because it’s the only alternative that they have left.

And although securing loans through underground loan agreements often does make a means to an end, the long term repercussions associated with these types of loans often left borrowers in even worse financial situations than before taking these loans. Because underground loans are illegal and unregulated by the government, they come in exceedingly high interest rates. These incredibly high interest rates, in turn, result to much higher payment increments that the borrowers can hardly afford. As a result, many are often left in perpetuated financial crises that only eventuate in even more debts.

But as the number of people with bad credit continued to increase over the years, so did the demand for flexible new financial services that eventually paved the way for a whole new market. It wasn’t too long until the lending industry took notice, and efforts were launched to satisfy the needs of this entire new market. Through the latest advancements in technology and the consequent evolution of the lending industry, innovative new financial solutions has since been in the market. With these innovative new financial services, borrowers now have access to flexible, more affordable, and much more secure loan services — even despite their bad credit. Through these innovative new loan solutions, borrowers now have access to better financial alternatives.

Business Loans for Bad Credit

With the innovative new loan solutions now easily available to borrowers in the market, individuals with poor credit need not resort to uncomfortable and unsafe financial alternatives. And while application processes of most of the conventional loans being offered by traditional lending institutions often entailed waiting for long hours in long lines just to submit applications, and even waiting when it comes to the approval and release of loan funds — these innovative new loan services for bad credit entail the complete opposite. Through these innovative new loan solutions, borrowers need not even leave the comfort of their own homes just to submit their applications. Because application for these innovative financial services can be accomplished completely over the internet, borrowers have the convenience of being able to submit their applications from anywhere in the world, using any device they want, and at a anytime they wish.

And since these types of loan solutions do not necessitate any more additional requirements of the borrowers, loans for bad credit are fat much simpler and easier to procure. With loan services, borrowers can now enjoy the benefits and convenience of much more secure loans at much lower interest rates —and without having to endure all the tedious processes usually involved in borrowing money from standard lending institutions and firms.

For businesses hoping to secure loans but are either lacking the requirements necessitated in securing conventional business loans from standard lending firms, or are simply tainted with poor credit — loans for bad credit also make the best financial resolutions, and with the least possible risks to the borrowers. And because the processing of these types of loans do not take long, they make the best solution in times of urgent financial situations, even for businesses with bad credit.

Business Loans and Instant Loans: The Most In-Demand Financial Solutions

Instant loans are one of the most popular and sought after of all the innovative new loan solutions now available in the market, and are also the most useful. Because these types of financial services allow borrowers the convenience of being able to secure loans in the least amount of time possible, they make great financial resolutions in times of pressing situations. Through instant loans, borrowers can expect for their applications to be processed as soon as they are submitted, and for their approval to be completed in just as little as just a few minutes. With these types of financial solutions, borrowers can expect for the release of their approved loan funds in as little as just hours following their applications’ submission.

Through these types of loan solutions, borrowers can easily address unexpected expenses, such as that of urgent home and car repairs, hospital bills, and other unforeseen expenses. These financial services also make great options in making relatively small and affordable purchases — such as that of new gadgets, new appliances, and other similar purchases. Borrowers can also use instant loans in paying for other relatively affordable yet hard to save up for purchases, such as that of travel and other leisure expenses.

But while instant loans do offer borrowers numerous benefits, their usefulness is not without limits. In financial situations that demand for more complicated and elaborate financial resolutions, instant loans no longer make good solutions. Because these types of loans are typically small loans that borrowers can repay over short term payment conditions, they no longer make good options in financial conditions that require loans in much higher amounts than what can be taken out of small loans. In times of these more complicated financial crises, borrowers are best off procuring loans that they can pay over in much longer terms.

Business Loans and Guarantor Loans: Best Long-Term Financial Resolutions

Because most loans for bad credit are small loans on short term payment arrangements, many borrowers are often led to believe that they have no better alternatives in times of complicated financial crises. With loan solutions such as guarantor loans, however, borrowers now have the advantage of being able to enjoy the same benefits that were only previously available to borrowers of the conventional loans of traditional lending firms. Though these types of loan solutions, borrowers now have access to far more secure, flexible, and affordable financial services which can be availed of in much lower interest rates. And unlike most loans for bad credit, guarantor loans allow borrowers to repay their loans in far much longer terms.

Guarantor loans are basically loan solutions that borrowers can easily secure with the help of a guarantor. Guarantors are generally individuals with good credit standing who are able and willing to repay the borrowers’ loans if they default on them for any reason. Guarantors can be anyone aside from the borrower’s spouse, and can also be third party firms who are qualified and willing to guarantee that the borrowers’ loans will be paid off in the agreed terms.

But while these loan options make great resolution especially in complicated financial situations, the sheer difficulty of finding individuals and firms qualified and willing enough to take on the role of a guarantor often hinders borrowers from securing these financial solutions. Because finding individuals willing enough — let alone qualified enough — to take on these role can be much of a problem, guarantor loans do not always make the best financial resolutions, especially in pressing situations that require immediate financial action.

Business Loans: How to Get No Guarantor Loans

Because finding guarantors isn’t without much difficulty, borrowers would much prefer loans that do not require the help of guarantors. Through innovative new loan solutions such as no guarantor loans, borrowers need not submit any additional (and often impossibly difficult) requirements. With these financial services, borrowers can accomplish everything entirely over the internet. And although application procedures may vary depending on the lender, applications for no guarantor loans often entail just a few simple and easy steps. These may include:

  1. Online registration. To apply for these loan solutions, borrowers need only register online and complete the online application.
  2. Uploading documentary requirements. While these financial services do not require borrowers to submit any more added requirements, they do require the submission of basic documents for verification purposes. These documents may include identification cards or other proof of identification, the borrower’s latest statement of account for proof of income, residential number, social security, and updated contact details (including a working phone number and valid email address).
  3. Submission of application. In submitting their applications, borrowers are are strongly encouraged to make sure that their application forms are duly filled up with all the required and correct information, and that the documents that they are to submit are verified authentic and ensured complete. Failure to comply with any of the lenders’ requirements will only lead to unnecessary and prolonged delays, while lacking or unsatisfactory requirements may lead to the outright rejection of the borrower’s application.
Business Loans and Borrowing from Direct Lenders: Are They Really Any Better?

For most borrowers looking for loans that can guarantee a level of savings, procuring loans from direct lenders is something that they would much prefer. This is mostly due to a common (yet false) belief that securing loans from the lenders directly will save them money because they won’t have to pay for loan brokers’ fees. Although it may be true that borrowers need not pay for loan brokers’ fees when borrowing from the lenders directly, there are far too many benefits that only securing loans through loan brokers can provide extensively.

Because loan brokers bank on their extensive network of connections to different lenders across different regions to further their business intentions, loan brokering firms have comprehensive access to the many different deals and promotions that lenders offer across their many different financial services. And since loan brokers often offer expert assistance to borrowers in making sure that they choose the best loan solution given their unique financial situation, borrowers have undoubtedly more chances of earning bigger savings in the long term by securing loans through with the assistance of brokering firms.

With the continuing proliferation of fraudulent lending and brokering firms, however, borrowers are strongly advised to take precautionary measures in securing loans — whether they are online or out in the physical world — be they directly through the lenders or with the help of brokering firms.

5 most recent personal loan reviews

Review of Colonial Second Charge Loans

I love CSC loans I have been with them nearly three years, need a top up as my son is getting married. They where brilliant as usual, no problems, done so quick - they were my life savers when needed most, thank you.

Review posted by Mary Hartnoll, Canterbury

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

Review of Together

As guarantor for my daughters, loan the service we got was quick and efficient, did checks, asked questions and all was sorted very quickly, would definitely recommend Together loans to all.

Review posted by Susan Mills, Darlington

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

Review of Shawbrook Bank

Brilliant service. The application process was a doddle, the Shawbrook representative who called me was polite, understanding and cheerful. The whole thing (from starting the application process to receiving the money) took around 3 or 4 hours. Very quick and efficient and no long or silly forms to fill out. Just what was necessary. Am very pleased I chose Shawbrook.

Review posted by John Marcus, Surrey

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money
All reviews have been sourced from the UK Trust Pilot to certify authenticity.

Representative 277.5% APR

Representative Example: Borrow £700 and pay £111.27 per month for 12 months at an interest rate of 140% per annum (fixed).
The total charge for credit is £635.24 The total amount repayable is £1335.24. Representative 277.5% APR (variable). Your APR rate will be based on your circumstances

Non-payment could have a negative impact on your credit rating and have increased charges and interest rates.