Term loans: funding that helps your firm to grow faster
Accelerate your growth with £1m to £10m, tailored to your needs. Our term loans provide innovative businesses with capital to support ambitious plans for growth, from funding an acquisition to investing in research and development. We support UK SMEs where traditional lenders struggle to: we can help
loss-making, early-stage firms in exciting sectors that are ready to scale.
How it works
A term loan is a fixed sum that can be drawn down in up to four tranches throughout the term of the loan, which is usually three to five years.
Term loans are designed to help your firm grow, by providing flexible funds that can be used in the way you choose. For example, you may wish to fund mergers and acquisitions (M&A) or research and development (R&D), strengthen your working capital position, invest in expansion or refinance an existing loan.
Term loans are ideal for companies with ambitious targets for growth (whether organic or acquisitive), and can be used to support businesses operating in a variety of sectors. At BOOST&Co, we don’t require a seat on your board, so our term loans also enable you to stay in the driver’s seat.
What we need
The application process for our term loans is smooth and swift, with firms funded in as little as six weeks, but submitting a comprehensive application will speed things along.
We want to know about your targets and how you plan to achieve them, your management team and your most important clients – all the key details about your story so far.
We are comfortable lending to businesses that are pre-profit, but we need you to demonstrate clearly that you are on track to reach profitability.
What you can expect from us
Every application for a loan from BOOST&Co is processed by people, not machines.
After you have submitted an application, our experts will quickly gain a thorough understanding of your business, which helps us to assess how much we can lend. We will then tailor your loan after further discussions with you.
When everyone is happy, we will issue a term sheet, summarising the details of the loan. The deal will then go through our due diligence process. When it has been approved, you will be eligible to draw down the funds.
The essentials
Are you eligible?
- Proven business model
- Revenues of £2m+
- Growing quickly
- Profitability not always required
- All sectors considered
Our terms
- 1%-3% upfront fee
- 8%-12% interest rate
- 12 months interest-only
- 24-48 months capital repayment
- No covenants
Customise your loan
- Clarity on use of money
- £1m-£10m loan amount
- Tranches to suit your needs
- Three- to five-year term
- Cost depends on overall risk profile
