You can usually get a decision within 24-72 hours from specialist lenders. But traditional banks may take longer, depending on their review process and documentation requirements.

Most lenders offer from around £2,000 up to £250,000, depending on your business revenue, financial performance, and the lender’s risk criteria.

Lenders typically charge higher interest rates than standard business loans to reflect the extra risk. You may also need to pay arrangement or broker fees.

A direct lender application usually involves a hard credit check, which can leave a short-term mark on your credit file. But some providers, including Tide, use a soft credit check that doesn’t impact your score.

Yes, in a lot of cases. Many lenders require a personal guarantee from directors or owners to reduce their risk, particularly if the business doesn’t have many assets or had a poor credit record.

Repayments are generally made monthly over a fixed period. Each instalment includes part of the loan amount plus interest and any agreed fees.

Yes, but your options will be more limited. Specialist lenders or government-backed schemes like Start Up Loans often consider applicants with poor credit if the business plan and forecasts are strong.

Yes, it’s very likely. Lots of specialist lenders focus on small businesses that don’t have the best credit histories. But they may offer smaller amounts or shorter terms with higher interest rates.

You can find them through online lending platforms, like Tide, comparison websites, or brokers that focus on non-bank and alternative finance providers.

It’s not usually necessary, but it can be helpful. A broker who’s familiar with bad credit lenders can match you with suitable options and could improve your chances of approval, but they may charge a fee or commission for their efforts.