Business finance FAQs
Does my loan have to be used for a particular purpose?
Many of the lenders we work with are happy for you to use the proceeds of the loan for “any legal purpose” in the past we’ve raised funds for the purchase of holiday homes abroad, sports cars, yachts and even aircraft.
My bank says that to get funding for my business I have to put a 50% deposit down, is there no better option?
There is almost always a better option. Acorn.finance work with almost 200 lenders to put the best funding package together for your circumstances. There are specialist lenders in many sectors offering great deals to businesses just like yours. It matters because if your competitors are getting a better finance deal than you then they will have more profit available to spend on marketing, improving their offer and potentially stealing your customers.
Why do you charge a fee for raising finance?
As professionals we want to offer the very best customer experience to every one of our clients, working with them personally to ensure their long term aspirations are met. That can mean working long hours before a case is presented to a lender to ensure that once the application is submitted it will be successful.