As one of the fastest-growing brokers in the UK, we have one main vision, and that is to ensure that as many SME’s can access the critical business finance, they require to both support and take their businesses to the next level together.
We know there is a whole whirlwind of time-consuming and confusing information out there about which product to use, which lenders to use and ultimately who has the best terms!
With access to effectively the entire lending market and years of extensive experience in the finance industry, we are ready to support your business to allow you to focus on what you do best – managing your business.
We’ve assisted countless businesses overcome hurdles and we can do the same for you!
Here are five compelling reasons why a business owner should choose Ignite as their finance broker:
Expertise in Diverse Industries: With extensive experience across various sectors, Ignite understands the unique financial needs of your business, ensuring tailored solutions that align with your goals.
Access to a Wide Network of Lenders: Ignite has strong relationships with a broad range of reputable lenders, giving you access to competitive rates and flexible financing options that might not be available elsewhere.
Personalised Service: At Ignite, we prioritize a client-first approach, offering dedicated support and personalised advice to help you navigate complex financial decisions with confidence.
Streamlined Application Process: We simplify the financing process, handling the paperwork and negotiations on your behalf, so you can focus on running your business.
Proven Track Record: With a history of successful funding for businesses of all sizes, Ignite has earned a reputation for delivering reliable results and helping businesses thrive.
A quick eligibility check without impacting your credit score.
One of our dedicated finance specialists will contact you to go through next steps and prepare your application for you.
Once approved, we send the finance documents to you for completion!
Once completed, the agreement is activated and the funds released!
Check Eligibility Now or Speak to our Specialist, who can help you no matter the sector you work in.
UK businesses can access several types of finance, including business loans, asset finance, invoice finance, merchant cash advances, and much more! Each option has unique benefits depending on business needs, from working capital to purchasing assets or equipment.
Asset finance is a type of funding that allows businesses to purchase or lease equipment and machinery over time with the option to own the asset at the end. It includes options like hire purchase, finance leases, and refinancing existing assets.
Invoice finance enables businesses to access funds tied up in unpaid invoices. Lenders provide a percentage of the invoice value upfront, helping improve cash flow, with the remaining balance paid when customers settle their invoices.
A merchant cash advance is a flexible finance solution for businesses with card payments. It provides an advance of cash that is repaid through a fixed percentage of future card sales, making it ideal for fluctuating income.
Yes, the Growth Guarantee Scheme (GGS) has replaced the Recovery Loan Scheme to support eligible UK businesses in accessing affordable finance, with a government guarantee for lenders, making it easier for businesses to secure loans.
Approval times vary depending on the type of finance and lender. Traditional lenders can average between 5-10 working days. However, we have access to lenders who can approve and pay-out a facility in under 24 hours for time critical scenarios!
Yes, start-ups can access finance, though some products may require a trading history. Options like start-up loans and asset finance may be accessible with less or no trading history.
Some lenders require a personal guarantee, which means the business owner is personally liable if the business cannot repay the loan. Not all finance products need this, so it’s worth discussing options with one of our Business Finance Specialists.
A business credit score reflects the creditworthiness of a business and impacts its ability to access finance. Higher scores increase the likelihood of approval and access to better terms. Improving the score through on-time payments and managing credit well can expand financing options.
Yes, although some lenders may have stricter criteria, alternative finance options or those secured against assets may be more accessible. Working with a finance broker can help find options suited to businesses with less-than-perfect credit.
Secured finance is backed by business assets or personal guarantees, generally offering lower interest rates. Unsecured finance doesn’t require collateral but may have higher rates and depend more on the business’s credit history.
Refinancing allows businesses to replace or restructure existing debt with more favourable terms. It’s beneficial for improving cash flow, reducing monthly payments, or consolidating debts.
A balloon payment is a larger, final payment due at the end of some finance agreements, particularly in hire purchase. It can help reduce monthly payments, though businesses should plan to manage the end-of-term cost.
A finance broker can guide businesses through different finance options, ensuring you find the right solution tailored to your needs and budget. Brokers can also access a broad network of lenders, often helping secure more favourable terms.
Required documents vary by lender and finance type but typically include business financial statements, tax returns, bank statements, proof of identity, and details on assets (if securing against assets).
