Unsecured small business loans of up to £5,000 

Funding growth is a fact of life for small businesses but is daunting, thanks to perceptions that it’s only available for big businesses and large amounts. 
 
However, at Peacock Finance we know that for some, a couple of thousand pounds can make a big difference. So, in 2018, we co-founded the Business Booster Fund to offer small loans to Hull and East Yorkshire companies. 
 
The Business Booster Fund offers unsecured loans of up to £5,000 over up to 36 months for a set monthly interest payment of £25 per £1,000, for specific projects or purchases that will help companies succeed or get to the next level. 
 
Examples so far have included enabling a time lapse photographer to triple his income by buying three new cameras for renting out, and a plumber to purchase a set of new tools. 
Features of the Business Booster Fund 
 
The loans don’t affect your personal credit score 
 
If the business fails for any reason, the loan is not secured on your personal assets 
 
The BBF does not take any debenture on the business as a bank loan would, leaving you free to source other forms of funding simultaneously 
 
The loan is underpinned by a personal garantee on the person running the business that they will honour the loan 
 
There is no potentially damaging credit search – decisions are based on a face-to-face meeting with Darren and a discussion about your business plan and what opportunities the loan will unlock for your business 
 
There are no arrangement, legal or set up fees 
 
You can pay back your loan at any time without penalty, simply by returning the capital borrowed. You can also pay back in instalments, of £1,000 
There’s no complex credit scoring or form filling 
 
Simply explain your business plan to Darren over a cup of coffee and he’ll make a quick decision and, if it’s a yes, personally underwrite your loan based on this fact-find 
 
Contact Darren today to see how a small business loan could help you 
Please call our team to see how we can help or submit an enquiry and we will contact you.  
Our advice is given freely, in confidence and without obligation. 
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