Interest rates more often than not has a mixture of risk, lender product offering, security type, where the lender gets their funds from and the general economy. In context of  finance product types, if there is a “security” behind the funds and more paperwork involved it should dilute the risk, thus allowing us to expect lower interest rates, however on the contrary if there is less paperwork and a more ‘risk’ proposed to the lender than we can expect higher interest rates, so using risk to determine interest rates is a good indicator.  

We are able to work with a wide range of different products and lenders in comparison to the product offerings that the lender has at disposal. We are also independent and don’t have any incentive rather we find you the best option on the market and present that irrespective to the lender.. Lenders and banks also prefer to work with finance brokers as this helps them trim down direct customer marketing costs and gives them their most suitable customer as we fundamentally would have an understanding of all the lenders value propositions. See more in our About Page  

Here at Loanful we only concentrate on SME’s and business finance, allowing us to maximise our knowledge within this field, which in turn benefits you. We also aim to go past the static rate comparison service and the AI decision driven service by offering a holistic approach to solving your business finance needs. We then work diligently to make sure we get the funds put in place and there’s an approval as it often times takes a while to build the correct systems, operations, relationships and know-how’s to guarantee this outcome for you.  See more on our About Page  

This will depend on your current situation, amount sought after, the lender requirements and what type of finance product you’re after. We work with lenders who don’t require a lot of documents and only often times need only 6 months worth of bank statements. Than on the flipside we can work with a lender who requires more documents. We have a wide range of options and often times we work with yourself to find middle ground  

With us the short answer is No. No credit checks where we leave a mark, as we aren’t the credit providers, we work with the credit providers to get you funding however we don’t leave a mark when checking your score. This is one of the many benefits of using us as we’re able to identify potential approvals and assess before we officially submit to a lender.  View more on our About Page