Published on 8 September 2025
Posted in
When starting out or wanting to expand your business, you may turn to business finance for support in reaching that next level. What isn’t always obvious, is the fine print and costly mistakes that you can easily avoid to make your application the most desirable for fast business loans.
From having a clear business plan to researching all terms and conditions; there is a lot to consider before applying for business loans, some more obvious than others and in this blog we will go through them.
When applying for business loans, lenders will check against the plan that you have for the funds; whether this is to obtain new assets like the latest machinery to offer your clients the best service, or investing in the staff to elevate your business, having a clear plan for how the funds will be spent makes your application far more viable.
Most Lenders will ask for a personal guarantee as a security measure in the application for a business loan, meaning that your house and other personal collateral becomes vulnerable in every business decision whilst repaying the loan. This added pressure could be avoided by choosing a lender that offers loans with no personal guarantee needed, like Crown Business Finance. We work with over 90 lenders, of which some offer no personal guarantee.
The application process for fast business loans requires lenders to look at your company’s financial history addressing the profitability, creditworthiness and growth potential, to ensure you are able to pay back the lended amount. Unkept books and messy trails will significantly impact the likelihood of your loan approval.
You don’t want to be shouting at any and every lender. When applying for business loans you want to be purposeful with which applications you are sending. Lenders will see your multiple applications, and possibly multiple declines, and become wary of whether you are eligible. Take the time to consider what terms each lender has, how they match with your financial status and processing time.
You can get fast business loans, with funds in your account the same day, if you have considered the key points in this blog. At Crown Business Finance we work transparently with all our clients, being sure to keep you updated through the entire process. Our dedicated and diligent account managers work to find the most suitable finance option to fund your plans for growth.
To find out more about how we can help you secure funding, contact us on 01908 039818
Crown Business Finance Limited is an independent asset finance brokerage not a lender, as such we can introduce you to a wide range of finance providers depending on your requirements and circumstances. We are not independent financial advisors and so are unable to provide you with independent financial advice. Crown Business Finance Limited will receive payment(s) in the form of commission from the finance provider if you decide to enter into an agreement with them. We work with both discretionary and non-discretionary commission models. Commission payments are factored into the interest rate you pay.
Crown Business Finance Limited is an Appointed Representative of AFS Compliance Limited which is Authorised and Regulated by the Financial Conduct Authority FRN: 625035
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Crown Business Finance Limited
Norfolk House, Silbury Blvd, Milton Keynes MK9 2AH
Company number: 12091513
VAT Number: GB328814584
ICO Number: ZA534022
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