Regulated Micro Business Loans
Crown & Bentley Commercial Finance offer regulated micro business loans suitable for sole traders and simple partnerships (max 2 people)
Typically loans are advanced for the following purposes :
- Working capital
- Asset purchases – Tools, Vans, Shop Fit-outs etc
- Stock purchasing
This product is regulated by the Consumer Credit Act 1974 and is authorised by the FCA.
Overview
Max Loan Size
£25,000
Min Loan Size
£5,000
Max Term
12 Months
Arrangement Fee
2%
Fixed Interest Margin
1.25% per month
APR
18.88%
Product Features
Capital and interest payments taken monthly
No exit or early repayment penalties
No hidden costs or other fees
Unsecured facility
30-day notice period required for early redemptions.