• Finance from £10k - £500k
  • Early settlement allowed
  • Decision in 2hrs funds in 24hrs
  • Finance over 1-5 years
  • Secured Finance

We are leading DIRECT FUNDERS in the UK. Our new business directors have approved over £3.1 billion of secured finance, for more than 25,000 businesses, within the past 30 years.

COVID-19 : We are offering URGENT 3 hours funding decisions and REDUCED rates for all businesses suffering from COVID-19 interruptions. More Here

What's the next step?Call us today on 01234 240155 or complete our easy application form and get accepted within 3 hours.

Excellent
4.81 Average
337 Reviews
Claire Atherton

I have just taken out finance to start up my business, guy was helpful and informative from start to finish and was always at the end of the phone when I had questions, happy I chose nationwide.

4 days ago
Anonymous

Excellent service from start to finish

5 days ago
Fiona/Paul Price

Very good customer service

5 days ago
Caroline Hall

Excellent service, helpful and efficient

5 days ago
Luke Cavalier

Great people to deal with. Very helpful throughout.

12 days ago

FAQs

  • How long does it take to get approved?

    Our process is extremely quick and in most cases funding can be agreed within 2 hours, meaning you do not have to wait long periods of time wait for a decision.

  • What information do I need to give to get approved?

    In some instances we would require no financial information from you as the information can be obtained through the credit searches we do or via companies house if you are a Ltd Company,  in other cases two months up to date business bank statements is all we require.

  • Can I refinance my equipment what are the potential fees and charges?

    Yes, you would sell your goods to the Funder and you would receive the proceeds (funds) into your business account.  Your business would then hire back the goods for a primary period at a fixed monthly amount whilst keeping use of the goods.  The proceeds you receive will include vat and your monthly payments would also be subject to vat that you would reclaim in the usual way if you are vat registered.
    The potential fees and charges depending on product can be some of the following:
    An intermediary Fee, Documentation Fee, Arrears fees if you go into arrears, various Collection and Default fees if you default on your payments (please see you agreement), A Risk fee if you do not prove you have insurance, an Bi-annual maintenance fee, Secondary rentals, a Security fee.   We suggest you read and understand all the terms and conditions of any offer or agreement before you proceed, if there is anything you do not understand you should seek the advise of a solicitor before entering into any agreement, guarantee or legal charge.

     

  • Can I settle the agreement early? Are there any penalties?

    Yes, you can settle the agreement early and there are no additional penalties for doing so, however, you will pay exactly the same amount if you settle the agreement early or if you let the agreement run full term.   The settlement calculation is simply, all the contractual payments that would have fallen due are added together along with any notice period with no discount and this will form the settlement figure.  We suggest to clients that are considering to settle early to use your surplus funds within the business or put into an investment / high interest account, as settling the agreement early has no saving and no benefit due to the settlement procedure that follows a strict funding covenant. .

  • Will there be Vat on my monthly payments?

    Yes, on a finance lease agreement all monthly payments will carry Vat at the standard rate. This is fully reclaimable in the normal way providing your business is VAT registered. On a Hire Purchase agreement the VAT is payable up front meaning there is no VAT on the monthly payment.

  • Will there be Vat on the refinance amount I receive?

    Yes, on a sale and lease back, any money you receive from us will be an inclusive of VAT amount and therefore will give you a VAT liability at the standard rate on the sale of your goods to us. You will claim back the VAT element on the monthly repayments

Open 7 days a week