Business Loans Sheffield – Funding up to £500,000

Startup loans and small business loans for companies based in Sheffield.

Access £1,000 – £500,000 in just 24 hours

Everything You Need To Know:

Is Sheffield good for business?

What is Sheffield like for business?

What business loans can I apply for with SME Loans?

Can I get business finance in Sheffield?

How can I get a business loan in Sheffield?

How to apply for business funding


What is Sheffield like for business?

Prior to the COVID-19 pandemic, the economy in Sheffield was on the rise as it had seen an increase in private sector jobs following the pandemic. The city itself has the fourth largest population in the UK and boasts an economy worth £11.3 billion.

According to Core Cities UK, the city itself has recently secured big deals with engineering giants Boeing, and Mclaren, to provide jobs to the people of Sheffield.

What is Sheffield like for startup businesses?

Sheffield is the UK’s fourth largest city and is considered an innovative and vibrant hub for new businesses. This reputation has seen the city attract new startups, with 37 business startups per 10,000 people being created based on figures from Centre for Cities.


What is the core industry of Sheffield?

Historically Sheffield has been known as the ‘Steel City’, famed for its reputation for producing and exporting steel around the world. Although Sheffield’s roots remain in manufacturing it has since diversified its industries, with private services making up 40.95% of Sheffield’s industry structure.


Can I get business finance in Sheffield?

Yes, we can help secure corporate funding across the UK, including funding for startup businesses and SMEs based in Sheffield. As a business credit broker, we work with numerous authorised and regulated lenders who can offer competitive interest rates on your loans.

You can borrow up to £500,000 with a repayment plan from 12 months – 36 months.

What loans are available to businesses in Sheffield?

At SME Loans we work with a number of lenders who can help you find a loan for a wide variety of Sheffield businesses. We work with lenders who provide loans for:

  • Startup companies
  • Small businesses
  • Limited companies

Startup Business Loans

Start up Loans are for new entrepreneurs who want to start a business. New business financing is notoriously difficult to be accepted for, especially from traditional lenders like banks that require a lot of information and confidence in your business idea before investing.

Startups are often rejected by traditional lenders as they are considered an unstable investment for a number of reasons. These reasons vary, but can include little confidence in the business plan, the business owner may have little experience of running a business, or a previous poor credit history.

As a credit broker we work with a number of lenders who are open to providing business startup loans and seek to help new businesses in Sheffield grow.

Small Business Loans

Small Business Loans is a form of financing designed to help small businesses. A business owner may apply for a small business loan for a number of reasons, to help with cash flow, training staff, expanding the business, or to purchase equipment.

Business loans

At SME Loans we work with reputable lenders who can offer unsecured business loans in Sheffield up to a maximum of £500,000. This form of corporate financing is flexible and can be used in a variety of ways to help Sheffield companies perform at their best.


How to apply for business funding

To secure business support and finance with SME Loans, you need to complete the online application. The form needs you to provide personal information about the business owner and the company itself.

The eligibility criteria for finance and application process are detailed below.

Am I eligible for business financing?

To be eligible for business financing you must meet the following criteria:

  • Be over the age of 18.
  • The business must be registered in the UK.
  • Your business must have been actively trading for at least 6-months.
  • A minimum monthly turnover of £5,000.


How to apply for a business loan in Glasgow.

Step One:

Fill out our quick and easy online application form. You will need to provide personal information and details about your business, how much you want to borrow, and how you want to use your loan.


Step Two:

After submitting your application form, you will be assigned the most suitable lender for your business and circumstances. The lender will offer you a loan and you will be given time to read the terms of the loan agreement carefully.


Step Three:

When you are satisfied with the loan, you must sign and agree to the terms and conditions of the lender. Once the agreement has been returned and paid with your lender, the loan amount will be deposited into your account within 48 hours.

If you are concerned about the application process and need more information, we will be happy to answer your questions. You can contact us on 01244 506279.

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