FAQ’s

faq toppeer

Some important questions you may have

 

  • How do I apply?

Simply fill our Contact us form or email us or give us a call. One of our team will discuss your case and come back to you with a no-obligation offer.

  • What documents are required?

We need simple and standard documents to proceed with your application

1. Last year's financial accounts

2. Last 3 months' bank statements

3. ID – Driving licence or Passport  

  • How quickly will I get funds I am looking for?

We understand that swift access to cash is crucial to your business. Therefore, we start working on your case as soon as we get your documents. We aim to arrange unsecured funds to be delivered to you in less than a day or secured funds within 3 weeks.

  • I am a new Start up business, can I apply?

Yes, you can apply and secure funds with us. Give us a call at 0333 011 2208 and we will be happy to discuss the options with you.

  • How much can I borrow?

Konnect Financial deals with a range of loans from £1k to £500k. The amount that you can borrow will very much depend on the affordability of your business.

  • Will my credit check be done?

Credit check is a standard process. By completing the Contact Us form you authorise us to conduct business and personal credit checks. This is not done by Konnect Financial but undertaken by the panel of lenders who will lend you.  

  • What rates can you provide the funds on?

This will vary very much on your business, i.e. the financials, affordability, credit assessment, etc. Hence, each business is looked at its own merit. We will aim to get you the best rates available in the market.

  • What kind of loan can I get?

Konnect Financial deals with a range of business loans to help you succeed in your business. We deal with unsecured loans, bridging loans, secured loans, Merchant Cash Advance, Invoice Factoring and Spot Factoring. Discuss your requirements with us and we will help you secure the loan right for your business needs.

  • Who can apply for a loan?

All sole traders, partnerships, LLP and Ltd can apply for a loan. If the business has been trading for a minimum of 6 months and financial documents are available, then you will have a better chance of quick approval.

  • What term loan is available?

Depending upon what your requirements are, we are able to help you provide a short, medium or long term loans tailored to your business requirements.

  • Will I have to provide a Personal Guarantee?

Again depending on your business, this may be a requirement or in most cases not. When you give us a call and we discuss your case, Konnect Financial will be able to advise whether a PG is required or not.

  • Why is Konnect Financial necessary?

Millions of businesses require funding and loans every year.  The process of securing funding can be quite lengthy and stressful. Since the financial crises the traditional banks have tightened their criteria and usually deny these loans because of inability to facilitate their credit needs and requirements.

Businesses are left helpless, this is where Konnect Financial helps businesses discover and get matched with right funding solution for them. We help by taking away complex, lengthy queues and paperwork away and help provide loans with speed. We are committed to empowering small businesses and work hard to select and prescreen our network of lenders and have assembled the highest quality funding sources for you.

  • Can’t find an answer to your question?

Give us a ring at 0333 011 2208 or email us at enquiries@konnectfinancial.co.uk or simply fill our contact us form and we will get back to you as soon as possible.