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Finance

Flexible funding for business plans.

Business loans may help fund growth, investment, stock or working capital over an agreed term.

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Tera is a credit broker, not a lender. Any finance is subject to status and the terms of the finance provider.

Overview

A business loan provides a lump sum or revolving facility that is repaid over an agreed period. Terms, rates and security requirements vary by provider and applicant.

How it works

You receive funding upfront or access a facility, then repay in instalments over the agreed term. Security may be required depending on the amount and provider.

Common uses

  • Working capital and cash flow
  • Business expansion
  • Stock purchases
  • Refinancing existing borrowing
  • Acquisition funding

Benefits

  • Predictable repayment structure
  • May fund a wide range of purposes
  • Terms can be tailored to trading profile

Considerations

  • Eligibility depends on trading history and financial position
  • Personal guarantees may be requested
  • Early repayment terms vary by provider
  • Interest rates and fees depend on risk assessment

Information required

  • Recent management accounts or filed accounts
  • Bank statements
  • Details of existing borrowing
  • Business plan or purpose statement

Who may consider

  • Established businesses with trading history
  • Businesses seeking medium-term funding
  • Companies with a clear purpose for the funds

The process

  1. 1.Complete Tera's initial assessment
  2. 2.Provide financial information and supporting documents
  3. 3.Discuss options with a commercial finance specialist
  4. 4.Review any available offer before proceeding

Example: seasonal stock purchase

A retail business preparing for a busy quarter may consider a business loan to fund additional stock, repaying from increased seasonal revenue.

This is an illustrative example only. Suitability depends on individual circumstances.

Business loans FAQs

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  • No obligation to accept an option
  • Clear next steps
  • Human support available