Ultimate Finance, part of the Tavistock Group, a global private investment organisation, has launched what is believes is the UK’s fastest business loan.
Their new Cash Advance loan offers a fast, flexible solution to cover short-term funding needs or take advantage of unexpected business opportunities at a rate of 1.5 percent per 30 days.
Business owners simply input their company name online, Ultimate Finance carries out a credit check and if everything is OK they are offered a pre-approved loan of up to £50,000, with the promise that the funds will be transferred in under 12 minutes! Customers pay back their loan in a simple, single instalment within an agreed 30, 60 or 90 day period with an interest rate of 1.5 percent per 30 days.
Talking to Credit Strategy News, Ron Robson, chief executive of Ultimate Finance, said: “For many businesses, a slow loan is as useless as no loan.”
“The process can also be off putting when you are short of time. Getting a loan should be a quick and painless experience so entrepreneurs can get back to running their businesses.”
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