Accelerate growth with a
Term loan
You have a proven business model and a strong proposition.
Now let’s accelerate your growth
If you are ready to fund the next stage of your growth journey, a term loan of £2m to £10m could help realise your vision.
With the flexibility to use funds as you see fit – whether that be for M&A activity, investment in R&D, expansion and many other growth initiatives – a term loan gives you access to significant capital without diluting equity.
Available to draw down in tranches throughout the term of the loan – usually three to five years – a term loan is ideal for businesses with ambitious growth targets in a wide variety of sectors.
Benefits of a term loan from Growth Lending
Flexible
Covenant-lite and tranching available to suit your needs
Forward-thinking
Revenues of £2m+ required, but profitability not always essential
No equity dilution
And we won’t take a seat on your board, keeping you in the driver’s seat
Growth headroom
Typically up to 12 months interest-only period, with capital and interest amortising over the remaining term
Sherry Vaswani
Chief Executive
Xalient
Robin Abeyesinhe
Finance Director
OrganOx
Gavriel Merkado
Founder and CEO
REalyse
A term loan looks like a good fit for my business: what’s next?
The next step towards accelerating your growth is submitting a funding application.
Every application for funding from Growth Lending is processed by people, not machines, but there are a few things you can do to help speed things along.
Ensure you include your targets, how you plan to achieve them, your management team and your most important clients – all key details about your story so far. As a responsible investor, we will also consider how your business aligns to our Environment, Social and Governance (ESG) principles.
We are comfortable lending to businesses that are pre-profit, but you need to clearly demonstrate that you are on track to reach profitability.
Your application will enable us to rapidly assess how much we can lend. Further discussions with you and your management team will enable us to tailor the loan to your specific needs.
When everyone is happy, we will issue a term sheet, summarising the details of the loan. The deal will then go through our due diligence process and when it has been approved, you will be eligible to draw down the funds and implement your growth plans.
Check your eligibility and get the process started below.
Apply now
Growth Lending funds a wide range of growing B2B firms. If that is you, let’s see how we could support your growth.
Fast
Our expert team works quickly to assess which funding solutions are the best fit for your business, with all decisions made by humans, not machines.
Flexible
We know that growing businesses need to be agile, which is why we have a range of funding solutions to fit different business’ needs, as well as flexible processes designed with you in mind.
Experienced
A strong track record of lending to fast-growing SMEs means we have a thorough understanding of the challenges you face and the support you will need to accelerate your growth journey.
FAQs
View all FAQsTerm loans are designed to help your firm grow by providing flexible funds that can be used in the way you see fit. For example, you may wish to fund mergers and acquisitions (M&A) or research and development (R&D), strengthen your working capital position, invest in expansion, or refinance an existing loan.
With a term loan from Growth Lending you can access £2m to £10m, which can be drawn down in tranches throughout the term of the loan – usually three to five years. We don’t require a seat on your board, so our term loans also enable you to stay in the driver’s seat.
This type of capital is ideal for companies with ambitious targets for growth (whether organic or acquisitive) and can be used to support firms operating in a variety of sectors.
A term loan can be used for anything from equipment, real estate or working capital, but at Growth Lending, our term loans usually focus on strategies for accelerating growth.
Popular reasons to borrow include:
- Working capital
- Website and marketing
- Fulfilling a new contract
- Investing in stock and equipment
- National or international expansion
- Refinancing an existing loan
To secure a term loan from Growth Lending you must have a proven business model with revenues of more than £2m. Your business must be registered in the UK, have a trading history of more than 12 months and operate a B2B business model.
Our term loans are most suitable for businesses that are growing quickly and particularly for those in the technology, media and telecommunications (TMT) sector, although most sectors will be considered.
Profitability is not essential, but you should be able to demonstrate how your business will get there.
Usually, a personal guarantee is not required for a term loan from Growth Lending. Instead, we secure our term loans via a debenture, enabling your business to access capital without providing collateral or diluting equity.