Business Loans

A business loan is a type of financing designed specifically to help businesses access capital, with repayment structured over a fixed term.

A business loan is a flexible source of finance commonly used to support a company's growth and manage day-to-day operations. Whether you're looking to expand or stabilise your cash flow, business loans can provide the funding you need. Common uses of a business loan include: Purchasing commercial premises Buying stock or inventory Covering operational expenses Relocating your business Hiring new employees Business loans are an essential tool for small and medium-sized enterprises (SMEs) aiming to scale, invest in infrastructure, or meet short-term financial needs.

When applying for a business loan, lenders typically require specific documents to assess your financial health and eligibility. Preparing these in advance can speed up the approval process and improve your chances of securing funding. Essential documents for a business loan application include: Financial statements from the past 2–3 years (including profit & loss accounts and balance sheets) Business and personal credit reports Details of any collateral you plan to offer as security Company legal documents, such as business registration, licences, and articles of incorporation Having these documents ready demonstrates your business’s stability and transparency—key factors lenders consider when reviewing applications.

Before applying for a business loan, it’s important to assess several key factors to ensure the funding is right for your business needs. These include the loan amount, your eligibility, and your current financial situation—particularly your credit score and income history.

At Mercantile Trust, we understand that financial circumstances aren’t always straightforward. Unlike many traditional lenders, we take a more flexible approach and consider applications that others might overlook. Whether you have a strong or poor credit score, we’ll always look for a way to help.

• Prepare a Clear Business Plan: Before submitting a business loan application, it’s essential to have a clear plan for how the funds will be used. A detailed business plan helps us assess your potential to generate income and repay the loan over time. It also supports budget management and helps you identify any potential financial risks ahead.

• Apply with Ease: At Mercantile Trust, applying for a business loan is fast and simple. You can fill out our online enquiry form in just 30 seconds, or get in touch with our expert team today to discuss your option.

The amount you can borrow through a business loan depends on several key factors, including:

• Your income and financial stability
• The equity in your property
• Credit history and credit score
• Your organisation’s profitability
• A strong, realistic business plan

At Mercantile Trust, we offer flexible business loan solutions tailored to your needs. You can borrow: 

• Up to £500,000 secured against your Buy to Let property
• Up to £300,000 secured against your residential property

Whether you're expanding your business, managing cash flow, or investing in new opportunities, we’re here to help you access the funding you need.