365 Business Finance, founded in 2012, is a direct lender specialising in flexible funding for UK SMEs. Repayments are collected as a percentage of debit and credit card sales, and unlike traditional loans, the cost is fixed upfront with no extra charges if repayment takes longer.
With a 90% approval rate within 24 hours, 365 Business Finance offers fast and flexible business loans, with a simple online application and a dedicated relationship manager to guide you through the process.
Use the fields above to estimate business loan costs.
| Minimum trading period | 12 |
|---|---|
| Loan terms | Terms not specified |
| Loan amounts | From £10,000 to £400,000 |
| Minimum turnover | £10,000 per month |
The cost of your loan will depend on factors like the amount you apply for, the percentage you agree to repay from your card sales, the performance of your business and its credit rating.
You should only apply for a 365 Business Finance cash advance if you’re certain your company can meet the repayment terms. You must also:
You can apply for a cash advance with 365 Business Finance by calling them on 0207 1000 365 within office hours, or visiting their website.
365 Business Finance has received positive reviews from its customers, according to customer review site TrustPilot.
It currently has a TrustPilot rating of 4.9 out of 5, based on over 700 reviews (updated October 2024). With less than 1% of its customers voting this lender as below average, it’s safe to say that 365 Business Finance has received glowing reviews on TrustPilot. Those customers who rated the lender the full five stars raved about the “quick and easy process” and the “5* Service” they received. However, some (less than 1%) did share that they had issues receiving the loan and one stated that “communication has been poor and response sporadic.”
365 Business Finance could be a good option if you’re an SME just starting out or a well-established company needing a boost in cash. With its quick and simplistic process, you could be approved and receive your funds within 48 hours. However, if you have a lower turnover rate, you might not be able to reach the higher loan amounts that 365 Business Finance offers.
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