Business loans can be used to cover a huge variety of needs, from helping with short term cash flow issues to investing in a long term business growth strategy.
According to the Small Business Survey from 2015, produced by the Department for Business, Innovation and Skills, the main reason that businesses applied for finance was to acquire working capital or for cash flow purposes, with 52% of businesses surveyed saying this is their main motivation for external funding.
At the other end of the scale, only 3% of businesses used external finance to fund their Marketing requirements, despite the forecast that spending on marketing would increase.
At White Oak UK we understand that securing the finance to support your business’ growth can be difficult. To help ease the burden of those recurring business expenses that can often hinder your cash flow, we offer both short and long-term business loans, giving you the choice to select the best financial solution for your needs.
Short Term Business Loan
Our short term business loans help you to cover specific business purposes, such as cash flow requirements or to pay a VAT bill. Our finance options allow you to spread these essential costs over a 3 to 12 month term.
Business Development Loan
Our Business Development loan is available to small businesses to help drive growth and business advancement. It can help your business raise the capital required to cover a range of costs over an extended loan period of between 12 months and 5 years*.
Which loan should you choose?
Typical requirements for White Oak UK Business Loans may differ depending on whether you opt for a short-term or longer-term (Business Development) loan. Use the table below to select the loan that will best suit your business needs:
| Purpose | Short Term Loan | Business Development Loan |
| Acquisitions | ✔ | |
| Annual Subscriptions | ✔ | |
| Building Renovations | ✔ | |
| Cash Flow | ✔ | |
| Debtor Relief | ✔ | |
| Delivery Service Fees | ✔ | |
| Disbursements | ✔ | |
| Equipment Purchases | ✔ | |
| Fixed Share Partner Levies (LLP) | ✔ | |
| Marketing and Advertising | ✔ | |
| Office Insurance Premiums | ✔ | |
| Partner Buy In and Outs | ✔ | |
| Practising Certificates | ✔ | |
| Professional Indemnity Insurance Premiums | ✔ | |
| Refurbishment | ✔ | |
| Relocation Costs | ✔ | |
| Research and Development | ✔ | |
| Share Purchase | ✔ | |
| Software Licenses | ✔ | |
| Stock Purchases | ✔ | |
| Tax Payments (Corporation and Income | ✔ | |
| Training Costs | ✔ | |
| VAT Payments | ✔ |
Learn more about our business loans or contact us to discuss your requirements on 0330 058 0836.
*The 5 year term is available only to professional firms in the legal, accounting, architectural and healthcare industries.
