Business Loans
Business Loans
Business loans provide flexible funding to help companies manage cash flow, invest in growth, or deal with short-term financial pressure. Whether you need working capital to support day-to-day operations or funding to move your business forward, choosing the right loan structure is critical.
NexGen Finance works with businesses across the UK to support a wide range of funding requirements. We take the time to understand your business model, trading position, and objectives before identifying suitable business loan options that align with your needs.
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First Time Buyer Mortgages
First-Time Buyer Mortgages
Helping You Take Your First Step onto the Property Ladder
Buying your first home is an exciting milestone — but understanding deposits, affordability, credit checks, and the full mortgage process can feel overwhelming. At NexGen Finance, we make the journey clear, structured, and stress-free, supporting first-time buyers right from the initial enquiry through to getting the keys.
We help you understand how much you can borrow, compare suitable mortgage options, prepare your documents, and move through the process with confidence.
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What Can Business Loans Be Used For?
- Business loans are highly flexible and can be used for a wide range of commercial purposes, including:
- Managing short-term cash flow gaps
- Purchasing stock, equipment, or materials
- Funding business expansion or new premises
- Investing in marketing or growth initiatives
- Covering VAT, tax bills, or seasonal pressure
- Consolidating existing business debts
- Supporting start-ups and early-stage businesses
- The key is ensuring the loan term and repayment structure match the purpose of the borrowing, helping the business remain stable and sustainable.
Types of Business Loans Available
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Unsecured Business Loans
- Unsecured business loans do not require property or major assets as security. These loans are commonly used by established businesses with consistent turnover and are often quicker to arrange than secured options.
- Typically available up to £500,000
- Loan terms usually between 1 and 5 years
- Faster access to funds
- Higher interest rates compared to secured loans
Secured Business Loans
- Secured business loans are backed by assets such as commercial or residential property, vehicles, or other business assets. Because security is provided, these loans often allow larger borrowing amounts and longer repayment terms.
- Higher borrowing limits
- Longer repayment periods
- More competitive interest rates
- Suitable for established businesses with assets
Short-Term Business Loans Available
- Short-term business loans are designed for immediate or time-sensitive funding needs. They are commonly used to bridge temporary cash flow gaps or take advantage of short-term opportunities.
- Loan terms from a few months up to 24 months
- Quick decision-making and funding
- Useful for urgent business requirements
How Business Loans Are Assessed
- When assessing a business loan application, lenders typically look at several key factors:
- Business turnover and profitability
- Trading history and sector
- Cash flow and affordability
- Existing credit commitments
- Security available (if applicable)
- A clear understanding of your financial position and funding objectives helps ensure the most appropriate loan structure is considered.
What Are Business Loans?
A business loan is a form of commercial finance where a business borrows a fixed amount and repays it over an agreed period, usually with interest. Unlike personal lending, business loans are assessed primarily on business performance, affordability, and future trading potential rather than personal income alone.
Business loans can be structured over short or longer terms and may be secured or unsecured, depending on the size of the loan, the strength of the business, and the lender’s criteria.
FAQs About Business Loans
1. Can I refinance to release capital?
Often yes, subject to DSCR, valuation and use of funds.
2. Are fixed and variable rates available?
Yes — terms vary by lender, sector and risk profile.
3. Will personal guarantees be required?
Common for SME borrowing; extent depends on leverage and covenant strength.
4. Can a start-up obtain finance?
Possible with strong plans, assets and/or additional security — pricing may be higher.
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Why Businesses Choose NexGen Finance
Businesses choose NexGen Finance for a clear, professional approach to business funding. We focus on understanding your objectives, explaining your options clearly, and ensuring any business loan aligns with your commercial goals.
Support for a wide range of business sectors
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Access to multiple business loan solutions
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Clear explanations without unnecessary jargon
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Focus on suitability and long-term affordability
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Step by Step The Mortgage Process
1. Initial Consultation
An AIP confirms your borrowing capacity and strengthens your position when making offers.
2. Agreement in Principle (AIP)
An AIP confirms your borrowing capacity and strengthens your position when making offers.
3. Mortgage Application
Once you’ve found a property, we assist with documentation, valuations and lender requirements.
4. Offer & Conveyancing
After your mortgage offer is issued, your solicitor completes the legal work, searches and contracts.
5. Completion
Once everything is finalised, funds are released and you collect your keys — officially becoming a homeowner.
We Search 1000s of First Time Buyer Mortgages in Uk
10 Step Guide for Business Loans in Uk
1. Master Your Budget
Before looking at houses, look at your bank account. You’ll typically need a 5% to 10% deposit. Beyond the deposit, remember to budget for “hidden” costs like solicitor fees, surveys, and moving costs.
2. Check Your Credit Health
Lenders want to see that you’re a reliable borrower. Use apps like Experian or Equifax to check your score. Pro tip: Ensure you are on the electoral roll and avoid taking out new credit cards or loans 6 months before your application.
3. Get an Agreement in Principle (AIP)
This is your “golden ticket.” An AIP from NexGen Finance tells estate agents and sellers that a lender has pre-approved you for a certain amount. It makes your offers much more serious.
4. Explore Government Schemes
Don’t miss out on help! We can guide you through the Lifetime ISA (LISA) bonus, Shared Ownership, or the First Homes scheme to see if you can get on the ladder sooner with a smaller deposit.
5. The Property Search
Now for the fun part! Once you know your budget, start viewing properties. Look beyond the décor—check for signs of damp, the age of the boiler, and the “vibe” of the local neighbourhood at different times of the day.
6. Make an Offer
Found “the one”? It’s time to negotiate. We suggest starting slightly below the asking price. Mention that you are a Business Loans with no chain and an AIP—this makes you a very attractive buyer.
7. Instruct a Solicitor
You’ll need a legal expert (a conveyancer) to handle the paperwork, local searches, and the transfer of funds. We can recommend trusted professionals to ensure your legal journey is as smooth as your mortgage one.
8. Formally Apply for Your Mortgage
Once your offer is accepted, NexGen Finance will submit your full application. The lender will then perform a valuation to ensure the property is worth the price you’re paying.
9. Survey and Searches
While the lender checks the value, you should check the condition. A HomeBuyer Report or Building Survey will flag any structural issues. Your solicitor will simultaneously run searches to check for things like local planning permissions.
10. Exchange and Complete
Once the legal work is done and your mortgage offer is formalised, you’ll Exchange Contracts. At this point, the deal is legally binding. Shortly after comes Completion Day—the keys are yours!
Speak to Us About Business Loans
If you’re considering a business loan or would like to explore your funding options, speak to NexGen Finance today. Our team will review your requirements and help you understand the types of business loans available for your situation.
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Business Loans
Bridging Loans & Development Finance
Bridging loans and development finance provide fast, flexible funding for property purchases, refurbishments and construction projects. Whether you’re buying at auction, breaking a chain, upgrading a property or building from the ground up, NexGen Finance helps you secure the right short-term or development funding for your plans. We work with investors, landlords, developers and homeowners across the UK, offering clear guidance and access to a wide range of lenders that specialise in fast and flexible property finance.Bridging Loans
Bridging loans are short-term finance solutions designed for situations where speed and flexibility are essential. They can be used to purchase property, raise capital or complete a project before transitioning to longer-term lending.- ✔ Fast approvals and quick access to funds
- ✔ Ideal for auctions, chain breaks or urgent purchases
- ✔ Suitable for properties that need refurbishment
- ✔ Can be used alongside development or HMO strategies
- ✔ Option to refinance onto a standard mortgage later
Common Uses for Bridging Loans
- Auction Purchases – complete within tight deadlines
- Refurbishment Projects – light, medium or heavy works
- Chain Breaks – secure your new home before your sale completes
- Unmortgageable Properties – homes needing work before term lending
- Raising Short-Term Capital – business or investment purposes
Development Finance
Development finance is designed for construction projects ranging from small refurbishments to ground-up builds. We support both first-time and experienced developers in securing funding tailored to their project size and structure.- ✔ Finance for new-build developments
- ✔ Conversions and change-of-use projects
- ✔ Heavy refurbishment and structural works
- ✔ Stage release funding aligned with build schedules
- ✔ Suitable for single-unit and multi-unit schemes
Types of Development Finance
- Light Development Finance – cosmetic upgrades, non-structural works
- Heavy Development Finance – structural changes, significant renovations
- Ground-Up Development – new-build projects from land acquisition onwards
- Development Exit Finance – refinance once the project is near completion
How We Help
- 📈 Assessing project plans, experience and timelines
- 📄 Reviewing build costs, valuations and schedules of work
- 🏦 Access to specialist bridging and development lenders
- 🚀 Fast turnaround for time-sensitive applications
- 🧾 Support with documents, appraisals and lender requirements
The Application Process
1. Initial Review
We discuss your project, timelines, experience and funding needs.2. Lender Selection
We identify lenders suited to your project type, whether refurbishment or full development.3. Appraisal & Valuation
Lenders assess the project, expected costs, end value and risk. We help prepare everything required.4. Application & Legals
Once agreed, the lender issues terms and legal work begins to progress the funding.5. Drawdown
Funds are released either as a lump sum (bridging) or in build stages (development finance).Common Challenges We Handle
- ✔ Tight deadlines for auction purchases
- ✔ Limited developer experience
- ✔ Properties needing significant refurbishment
- ✔ Complex build schedules or varying project stages
- ✔ Raising capital mid-project for cashflow
Get Started
If you’re planning a refurbishment, conversion or full development, or need short-term finance for an urgent purchase, NexGen Finance can help you secure the right funding quickly and confidently. Contact us today to begin your bridging or development finance enquiry.🧮 Mortgage Calculator for Buyers and Homeowners
Using a mortgage calculator is a smart way to understand your potential monthly payments before making any big decisions. Whether you’re buying your first home or looking to remortgage, it’s a quick and simple way to plan ahead.
Our calculator is designed to give you a clear idea of what your repayments could look like based on your loan amount, term, and interest rate — helping you make informed choices early on.
Ready to get started?
Visit our Mortgage Calculator page now and take the first step in your home buying or remortgaging journey.
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