Business loans in Wolverhampton
A business loan gives a Wolverhampton company a lump sum repaid over a fixed term, secured or unsecured. It suits costs that sit outside a specific asset or invoice, such as a tax bill, hiring, or funding growth. CoreFi matches your case to lenders who fund Wolverhampton businesses. Rates depend on trading history, turnover and security.
Not every funding need attaches to an asset or an invoice. Wolverhampton businesses take term loans for tax bills that land awkwardly, for hiring ahead of revenue, for premises costs, and for the working capital that growth quietly consumes.
CoreFi is a commercial finance broker. We arrange commercial finance for Wolverhampton businesses, principally limited companies. We package the case, approach the lenders whose criteria fit, and manage it to drawdown. We do not lend our own money and we are not tied to any lender.
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Tell us what you need
Tell us how much you need, what it is for and roughly what the business turns over. It costs nothing to start and there is no obligation.
- 2
We match you with suitable lenders
We assess your situation against our whole-of-market panel and identify the lenders whose criteria actually fit, rather than applying everywhere and collecting declines.
- 3
We package and submit
We prepare the case with the documents the lender will ask for and put it to the lenders most likely to fund it.
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Offer and drawdown
The lender issues terms and, on acceptance, releases the facility. We manage it through to completion.
Secured or unsecured
Unsecured lending is assessed on trading performance: turnover, how long you have traded, the pattern of money through the bank, and the directors' credit profile. It is faster and needs no asset, and it costs more because the lender has less to fall back on. Most lenders will want a personal guarantee from the directors even on an unsecured facility, and that is a real commitment worth understanding properly.
Secured lending against property or assets is cheaper and usually available in larger amounts, at the cost of a slower process and a charge over something you own.
Where a loan is the wrong product
A term loan is often the most expensive way to solve a problem another product handles better. If the need is equipment, asset finance is usually cheaper. If the need is that customers pay slowly, invoice finance addresses the cause rather than the symptom. If the need is a property purchase, a commercial mortgage will be cheaper over any meaningful period.
We say this because a broker earning commission on whatever completes has an incentive to place the easiest product rather than the right one. Where a loan genuinely is the right answer, it is usually because the cost sits outside any of those cycles.
What lenders will want to see
For unsecured lending: two years of filed accounts where they exist, recent management figures, and three to six months of business bank statements. Lenders read the bank statements closely, and a pattern of returned direct debits or existing short-term facilities will shape the offer more than the accounts do.
Existing borrowing is not automatically a barrier, but stacked short-term facilities are a red flag to most lenders. If that is the position, say so at the outset. It changes which lenders are worth approaching, and finding out at underwriting wastes weeks.
Frequently asked questions
Do you cover all of Wolverhampton and the surrounding area?
Yes. We work with businesses across Wolverhampton and the surrounding area, including i54, Bilston, Wednesfield, Pendeford and out across the Black Country towards Walsall and Dudley. The lenders we match you to will confirm whether they fund your specific sector, location and security.
Do you lend the money yourselves?
No. CoreFi is a commercial finance broker, not a lender. We arrange facilities with lenders on our panel and are paid a commission by the lender on completion. If we think a product is wrong for your situation we will say so.
Will I need to give a personal guarantee?
On most unsecured business lending, yes. A personal guarantee makes you personally liable if the company cannot repay, so it is worth taking advice on before signing. We will always tell you when one is required rather than leaving you to find it in the documents.
How much can we borrow?
Unsecured facilities are commonly sized against annual turnover, often to around a month of it, though this varies widely by lender and sector. Secured lending is sized against the security. We will give you a realistic range before you apply anywhere.
What does it cost to use CoreFi?
There is no cost to start a conversation and no obligation. On most commercial products we are paid a commission by the lender on completion. Where a fee is payable by you, we tell you the amount in writing before you commit to anything.
Get matched with lenders for your Wolverhampton business
Tell us what your business needs and we will match you with lenders whose criteria fit. No obligation, no cost to start the conversation, and a straight answer about what is realistic for your situation.
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