Homepage
Application Form
Loan Calculator 
Loan Options 
Loan Rates 
Customer Examples 
Contact UsJump straight to information about the type of loan you require.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
The overall cost for comparison is 11.6% APR. The rate is variable and based on a usual case, including a broker fee of £2,000 and other fees of £1,330. A valuation fee will be payable. The actual rate available will depend upon your circumstances. Ask for a personalised illustration.
News Headlines
- Wage increases to impact SMEs?
- Small firms optimistic about future trading prospects
- Online opportunities for SMEs
- SMEs warned to secure IT networks
- Small firms at risk from fraud
Business loan for £620 million cost of vandalism
Reported on Thu, 13 Jul 2006
Vandalism and theft against small businesses in the UK costs the economy £620 million, but a business loan could help those companies suffering as a result of crime.
Over a half a million small businesses with a van are subject to malicious damage and vandalism a year, according to new statistics from More Than.
And 13 per cent of these incidents see small business owners facing an average of £3,000 worth of damage, excluding the cost of replacing stolen tools.
Mark Christer, director of More Than Business, said that theft of tools can have serious financial repercussions for many self-employed tradesmen who pay up to £4,000 to replace the average tool box, causing short-term cash flow problems.
Stolen tools mean self-employed tradesmen often have to halt deadlines - bad news for those who rely on word-of-mouth to generate business.
"With productivity decreased or halted, deadlines cannot be met and subsequent jobs may be postponed. It may even result in firms having to turn down work. This doesn't bode well in terms of future cash flow but more importantly it may damage a company's good reputation," Mr Christer added.
Taking out a business loan could help those small firms hit by theft or vandalism to recoup any financial losses and ensure that they have the funds to get back to work quickly.
© Adfero Ltd