Frequently Asked Questions
Funding Questions Answered
Have a question about how our funding works, what you can apply for, or what to expect next? You are in the right place.
Our FAQ page is designed to give British business owners clear, straightforward answers on everything. From how much you can borrow and how quickly you can get it, to what we look at when assessing your cash flow and how repayments work.
We keep things simple and transparent, so you can understand your options in minutes. You decide whether a short‑term, unsecured cash flow advance from Funding Alternative is right for your business.
If you cannot find what you are looking for here, our team is always just a call or message away
How much can I borrow?
The borrowing amount is between £10,000 and £250,000, except for Merchant Cash Advances, which have a £5,000 minimum
How quickly can you lend?
After providing an indicative offer within 4-hours and being accepted, we aim to fund within 24-hours once all information has been received
What information do I need to provide to receive an offer?
From the outset, we’ll ask for:
- 6-months company bank statements or preferably Open Banking for quicker turnaround times (noting we need bank account data for all related company accounts)
- Requested Advance (alongside an allocation of funds)
- UK Homeowner (provide the address)
- Brief description on how the business makes money
What is an Early Repayment Discount?
An early repayment discount is where you have the ability to receive a discount on the lend if repaid before the term.
What do your repayments look like?
We offer to take repayment through fixed or daily repayments while also offering a flexible repayment where we take a percentage of receipts + a minimum weekly amount.
Can you top my loan up?
Our analysts can reassess your business and extend additional funds
Do I need to be a homeowner?
Yes, we require at least one director or shareholder to be a UK Homeowner
How long I have to repay the loan?
Typical repayments range from 3 up to 6 months.
What Security Do I need to provide?
We take a Debenture in extenuating circumstances and all directors are required to provide a Personal Guarantee.
Can you lend to Sole Traders and LLP's?
Yes, we can! Our minimum lend is £25,000 to Sole Proprietorships.
Do you lend to my Sector?
We are sector agnostic, we’ll look at anything.
Do you lend to Businesses outside the UK?
No, not at this time. The countries we currently lend to is limited to England, Scotland and Wales
What lending products do we offer?
We offer the following lending products to British businesses:
What institutions do you work with?
Have more questions we have not answered? Reach out to us.
Need Help Making A Plan?
Just Get In Touch!
Apply online or call 0800 1026000 to set an appointment.