Do you want speedy and convenient funding to propel your venture forward? You can take out business loans in Ireland to cover the varied financial necessities of your commercial entity. Your business expansion prospect should not suffer because of the funding gap.
Loanstopocket is here to remove the financial obstacles of your business. Our reliable and responsible lending support also promises affordable rates. For this reason, borrowing for the business need not have to be burdensome.
How do you know if the loan cost is bearable or not? To find that out, check the rates of business loans in Ireland with a calculator. This simple tool is easy to use and has a few steps.
Here is an example of the total loan cost that you will pay if you borrow an amount of €20,000. This is according to different loan terms and interest rates.
| Loan Term | Interest rates | Monthly instalments | Total repayable amount | Total interest paid |
|---|---|---|---|---|
| 24 Months | 6% | €885 | €21,240 | €1,240 |
| 36 Months | 8% | €627 | €22,572 | €2,572 |
| 48 Months | 10% | €507 | €24,336 | €4,336 |
| 60 Months | 12% | €445 | €26,700 | €6,700 |
Important Points:
Yes, business loans are a funding arrangement that can sponsor any trivial business needs. It does not matter if you want to raise working capital ahead. These loans let you arrange any amount ranging from €2000 to €25,000 on the same day.
There is no need to worry if you cannot provide security. You can avail of collateral-free funds to plug the cash flow gap with repayment terms between 3 and 5 years. A valuable asset should be put against the loan amount for a larger amount.
To get your venture off the ground, apart from initial planning, management of finances is necessary. When traditional funding is not your cup of tea, you can utilise our offerings for the betterment of your business.
Ireland has always seen an increase in demand for these loans and this year has been the same. Helping you to overcome the initial financial challenges is the prime motto of business start-up loans. These loans prevent your business from becoming a failure.
They are an effective financial instrument to help you revive the initial hiccups that can destroy your business. There are more features that you can take advantage of.
Soft credit check
Do you think bad credit and business loans are a bad combination? We can prove you wrong by offering you the much-needed financial support even when your business has poor scores. There is no significance in conducting hard checks, which can only waste time.
A soft analysis can reveal whether your business generates adequate revenue or promises to generate so. This can confirm a lot about the possibility of loan payments. Thus, bad credit is no longer a red flag to stop your business from proceeding.
Free loan proposal
Before heading to get access to a business loan, check our free loan quotation. You can fetch it easily by completing some online formalities with us. It will bring an idea about the appearance of the actual offer.
Getting a glimpse of it can save you from the trauma of rejection. If you find the quotation not suitable, you can discontinue applying with us. On the flip side, you can save time and apply with us to find a suitable loan deal.
Speedy cash flow boost
For a small business, a minor cash crunch can be disastrous. This funding solution facilitates easy borrowing. Moreover, we follow a quick loan disbursal strategy that allows your business to obtain cash on the spot.
This speedy cash infusion can prove to be lifesaving for your business. You do not have to ignore even a trivial issue, as our loans can address them as well.
Flexible repayment options
Most online lenders offer common repayment structures that provide flexibility to applicants. It means you can choose between monthly and quarterly instalment options. Such flexibility in the repayment tenure suits everyone's capacity and also opens up refinancing possibilities.
Loans for business with a small trading history
Business age does matter in the loan approval. However, traditional banks usually prefer businesses with a long trading history. On the other hand, online lenders in Ireland can help those with less than one year of trading history. They provide this facility with start-up loans and other alternative financing for businesses.
Every business goes through financial problems of different shapes and sizes. As an experienced lender, we feel that businesses should restore stability in their finances as soon as possible. To make this route smooth, we are offering a variety of loan options with different sets of factors.
When it comes to getting quick cash with no collateral, your perfect match is unsecured personal loans. Borrow money hassle-free with this fast loan to meet any petty cash issue bothering your business.
You can have loans to consolidate debts to prevent your business from continuing with multiple debts. These loans can be a one-stop solution when you can reduce multiple payments and manage cash flow with lower interest rates to pay.
Small business start-up loans can be a lifeline for a start-up's funding. They are helpful for your business growth by providing easy start-up finance to manage expenses such as working capital, inventory purchases, marketing, and hiring.
At any point while running the venture, you might feel the need for long-term business loans. This could be for a significant need, such as equipment purchase, large investments, or expanding business operations. These are asset-backed loans available at lower interest rates.
Personal loans can be a good alternative to financing available for businesses. They allow you to utilise external funds for any purpose that might pertain to fulfilling business necessities.
We are surely not magicians but responsible loan providers. We have tried to work out some beneficial funding solutions to help businesses struggling financially. Explore our offerings to see how you can borrow at reasonable rates.
Our focus is on providing bespoke offers based on the practical financial circumstances of the business. Other things that you can expect are:
Find us online and active round the clock. We have a back-end system in place so that we can respond to your queries and requests.
We have tried to make the process seamless for businesses. This ensures speedy and on the spot decision from us.
We look forward to providing 100% transparency in our services. Be it any information, you can ask us unhesitatingly.
Absolutely, we have no problem if your business can pre-pay loans. Loan prepayment options would be helpful for your venture as it can get rid of debts ahead of time. Besides, you can unlock cash and utilise the same for other productive needs of the business. No pre-payment charges will be levied. You can save additional money by preventing interest from being racked up.
