Business Loans in Northern Ireland – Apply up to £500k

Borrow £1,000 – £500,000 for 1 day to 2 years with our flexible business loans.

24 hours to get a decision

Easy Application

No fees for repaying early

Hassle Free

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How can I apply for a Business Loanin Northern Ireland?

Northern Irish businesses can complete an application for a Business Loanby going to the ForKredit website. The application is online, and quick to complete, and ForKredit does not charge any fees for applying.

The applicant will be asked to submit some basic information during the application process regarding themselves as well as the business. This helps ensure that the lender can make an accurate and honest assessment of the business as well as to ensure responsible lending practices. The main details that are required are listed below.

  • Loan Amount: The application will ask business owners how much money they are looking to borrow up to a maximum amount of £500,000.
  • Personal Details: The applications will ask the business owner to provide some basic personal details about themselves. 
  • Business Details: The applicant will need to provide some initial details about the business and some documentation which is used to assess the application.

Successful applicants will be contacted by the lender who will offer them a loan in addition to discussing the terms of the Business Loan agreement. It is always advised to make the lender aware of any questions you may have about the T&Cs and there is no obligation for applicants to accept the loan offer.

Once the loan is accepted and the contract is signed and processed, the funding will be transferred directly into the business bank account within 24 hours.

Is Northern Ireland a good place to own or start a business?

Northern Ireland is a very friendly place for entrepreneurs and has a great environment for businesses.  One of the unique selling points of Northern Ireland compared to the rest of the UK is that it has access to both EU markets and British markets following Brexit. This makes it an excellent center for businesses looking to operate international trade in two incredibly strong markets.

Many sectors have been able to prosper in Northern Ireland, especially in digital technologies but also in advanced manufacturing processes. The diversity in industry helps to contribute to Northern Ireland’s GDP of £47 billion.

A key benefit of Northern Ireland is that it is very competitive when it comes to prices. There are many cost-effective options, with Northern Ireland offering property and office space amongst some of the most affordable in the UK and the rest of Europe. This is in addition to a highly committed workforce with a high diversity of skills.

Is there a difference between a business loan and a merchant cash advance?

Business Loan

Business loans work by a business borrowing a sum of money and then repaying the borrowed amount in fixed monthly payments with added interest. The length of repayment is pre-agreed by the lender, and the borrower must ensure that they make timely payments or otherwise face penalties for missing payments.

Merchant Cash Advance

It works by letting businesses borrow money and repaying it using a percentage of their future card transactions. Essentially, every time a customer uses their debit or credit card to make a payment, a percentage of that payment goes directly to the lender which helps repay the loan. The percentage is typically pre-agreed with the lender before accepting the terms of the advance.

Repaying the loan via credit and debit card sales means that the repayment process is aligned with how the business is performing. It lets businesses pay more in busier trading periods and less during quieter trading periods, making it a flexible repayment option that helps businesses manage their cash flow.

Rather than interest or fixed monthly payments, a fee is added to the repayment plan. This means that businesses simply need to pay the amount borrowed and the added fee in order to settle their debt.

Cities we serve in Northern Ireland

We can help businesses across Northern Ireland apply for a merchant cash advance, but if you’re looking for an area in particular, click on one of the buttons below.

Find the right loan for your business

  • Loans from £1k to £500k
  • No fixed repayments
  • No collateral needed

Will You Qualify For A For Kredit Loan?

There are four main criteria for qualifying for a For Kredit loan.

If you can answer yes to all of these, then you have a good chance of being approved.

You’re a director with a UK address

You’ll also need the relevant documentation to prove this – a passport or a birth certificate are fine.

You’re a UK limited company or limited partnership

We only work with UK businesses.

You have a turnover of at least £10k

We can accept applications from all businesses (no matter the age or industry)

You have been trading for over 6 months

Your business must be at least 6 months old to be accepted.

A Simple Application Process

  • Apply online in 5 minutes

    Decide how much money you need to borrow and fill the online application with all your details.

  • Approval in just 24 hours

    Once your business loan has been authorized, you have the flexibility to transfer the required amount to your bank account. The funds will be deposited into your account within just a few hours.

  • Borrow up to 2 years

    How you pay back your business loan depends on your situation. If you want to pay it back early, there won't be an extra fee.

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