Warning: Late repayment can cause you serious money problems. For help, go to MoneyAdviceService.org.uk

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Representative 305.9% APR. Representative example: £400 borrowed for 90 days. Total amount repayable is £561.92 in 3 monthly instalments of £187.31. Interest charged is £161.92, interest rate 161.9% pa (variable)
We are an Introducer Appointed Representative of Quint Group Limited, who are a credit broker not a lender. moneybolt Introduces customers to Monevo Ltd who are an Appointed Representative of Quint Group Ltd. for the purposes of obtaining a loan. LoanLoad does not provide any loan or consumer credit products directly.

Unsecured Loans

Late repayments can cause you serious money problems. For help, go to moneyadviceservice.org.uk

Loans subject to status. Over 18s only. Minimum loan amount may apply.
Rates from 4.5% APRC to 65.2% APRC are available – the highest rate is for customers with severe credit problems. Loans available from 1-25 years. TYPICAL 10.9% APRC variable

Why people choose us

Low Representative APR

APR takes into account the amount of interest that will be charged to you for borrowing a certain amount of money.

Fair, Fixed Interest Rates

We won’t try and fool you by luring you in on a low-interest rate only for it to change later.

Potential to Payoff Your Loan Early

Some lenders and brokers arrange loans with flexibility at the centre of what they do.

We can Arrange Loans up to £25,000

Apply today and the loan you are looking for could be arranged by our lenders or brokers within a few minutes.

How to secure Business Loans in the UK if you have bad credit

If you are a business owner, taking out a loan for various business needs and purposes would be quite challenging if you have bad credit. Banks and other traditional lenders will simply be too hesitant to grant you the financing that you are looking for if your credit history is not that stellar. This doesn’t mean that there is nothing you can do to obtain a loan however. In fact, there are steps that you can do to ensure that you enjoy the kind of funding that you need and there are also business loans for bad credit that you can consider and below we will discuss all of them.

Business Loans: Present a viable business plan

Lenders will always want their money back and how you are going to pay back your loan is essential in their lending decision. To convince lenders that you are worthy of their business loans, presenting a viable business plan is one thing that you can do. Here are some important pointers that you might want to consider:

  1. Make your business plan as simple and accurate as possible. The point here is to let lenders know that you have a potential business in place and the money that you borrow from them will become instrumental for its profitability.


  1. It should also provide the meatier parts of your business operations such as products and service descriptions, its strengths, weaknesses, the opportunities that you are ready to exploit, and the existing competition in the industry and how your business fairs against them.


  1. Present a breakdown on how you will use the money that you borrowed for your business. Again, be as simple and precise as possible so it would be easy for your lender to understand where the investment will go.

Rebuild Credit rating

So you can enjoy the best business loans available, you might want to put your credit rating to favourable levels. There are numerous ways that you can go about this and it all boils down to the little things like paying your bills on time and clearing off any kind of debt that is presently tied on your name or business.

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Overall, rebuilding your credit rating will involve these vital actions:

  • Repaying your bills and debts on the agreed time and manner
  • Clearing off debts as early as possible and minimizing your use of credit
  • Getting a copy of your credit profile from the major credit agencies in the UK – Equifax, Experian and Call credit – and examining any errors that would have adversely impacted your credit score.

Consider Online Business Loans

Conventional business loans from mainstream lenders should not be your first choice for funding if you have bad credit. It’s simply too hard to find a bank or traditional business financing institution who will work with you if you don’t possess a solid credit rating.

What you may want to do is to focus your search on online business loans provided by alternative lenders. Majority of these lenders are willing to strike a business financing deal with you despite your poor credit history. They are also easier to access and their eligibility requirements are pretty minimal making it easier for you to be approved.

There are also numerous advantages that you can enjoy from online business loan such as:

  1. There is little to no paperwork involved when you’re applying for business loans online. The approval rates are also quicker and higher.


  1. Most online lenders offer application platforms that are very easy to accomplish. It’s simply hassle-free with no interviews and falling in queues whatsoever involved. Plus, if you opt with short-term business loans, there is no need to offer some form of collateral to secure them.


  1. Online business loan lenders also use state-of-the-art systems that can calculate an applicant’s eligibility with lightning speed. Through this technology, a lender can instantly determine whether you are qualified or not in just a single day. This is a whole lot faster and more efficient than the snail like process of traditional business loans.

And when you search for business loans, you can also maximize Google or any other search engine’s power to direct you to a list of potential lenders without breaking a sweat. What’s more, you can easily search for relevant information on a particular lender through forums, review sites, and comparison sites anytime and anywhere you are through your smart phone.

You might also want to consider putting a guarantor in your business loans deal

Offering a guarantor will also help you secure business loans with flexible borrowing amounts and payment terms despite an adverse credit rating. If you are completely new to guarantor loans for business financing, here are some of its features:

  • You apply for a business loan together with another person who will co-sign the loan agreement.
  • The guarantor is someone who will vouch for your credit worthiness which means he should be personally close to you like a friend or brother. Someone who is financially linked to you cannot be considered as a guarantor which means that your spouse will not be suitable for the role.
  • Depending on the lender, your guarantor may also have to be a homeowner in the UK.
  • Your guarantor will need to be someone who has a strong credit rating and an income level that can cover the loan’s repayments. This is because if you default from your loan, the guarantor is legally obliged to take over them.
  • The type of business loans is especially suitable to UK borrowers whose credit ratings are quite problematic.

It’s important to note that majority of business loans that can cater bad credit tend to have higher interest rates compared to other loans. However, these financial products may be the only options you can consider to finance your business. They can also be a great opportunity to rebuild your credit rating to positive levels as long as you make the proper repayments. With a higher credit score, it would be easier for you to access other types of business loans in the future.

choose business loans today

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You will need to be over 18 and a UK resident with a valid UK address. You must also have a monthly income (from benefits or a job) and a UK bank account.

Warning: Late repayments can cause you serious money problems. For help, go to moneyadviceservice.org.uk

3 most recent personal loan reviews

Review of Avant

The online application is fast and efficient! I was hesitant about "linking in" to my online bank account......However this made the whole application process far quicker! I can honestly recommend Avant - especially if you are worried about being judged on any previous credit history problems......Avant didn't do that! Just a thorough and fair service with good APR.

Review posted by Trevor Donahue, Derry

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

Review of Lending Works

Seamless and fluent from application to funds available. Outstanding rate, not match-able anywhere! I can't recommend any higher! Thank you, greatly appreciated and very happy customer.

Review posted by Mark Phillips, Portchester

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

Review of Zopa

I do have to say one of the best loan sites i have come across, they make everything so easy, with not very good credit history i did't think i had a chance but they accepted me and i can get my life back on track. Thank you again amigo loans.

Review posted by Wayne Crouch, Plymouth

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money
All Reviews have been acquired from https://uk.trustpilot.com/ to guarantee authenticity.


MONEYBOLT IS A CREDIT BROKER AND NOT A LENDER. We pass your information to a lender once you have been accepted for a plan. We take a fee from the lender only, once you’re approved and we do not add charges to your plan in doing so.

YOU MUST MAKE ALL AGREED PAYMENTS TO AVOID LEGAL ACTION. If for any reason you will be unable to pay the agreed instalment then contact us immediately. Do not ignore the issue as a default payment will not solve itself.

NEVER BORROW MORE THAN YOU CAN AFFORD. Defaulting on payments can lead to serious and life changing financial issues. Make sure you only accept an agreement that is within your ability to repay.

MoneyBolt.co.uk is a registered trading style of Serpable Ltd, which is an Introducer Appointed Representative of Quint Group Limited and is entered on the financial services register under the reference number 780328. Quint Group Limited is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register under reference number: 669450. Serpable Ltd is registered in England and Wales (Company number: 10699069), Registered Office, 17 Collingbourne Avenue, Bournemouth, Dorset. BH6 5QR.

Scam Alert – Beware of impersonators, we will NEVER EVER ask for upfront payments, transfer fees or vouchers to guarantee a loan