FAQs

We provide tailored finance solutions for your business needs. Options include Unsecured Business Loans up to £500,000, Secured Business Loans up to £1.5 million, Bridging loans from £200k to £2m, Business Cash Advances starting at £10,000, and Regulated Business Loans for sole traders and unincorporated partnerships below £25,000.

Our secured and unsecured business loans are for UK SMEs that are either limited companies or LLPs, trading for 2 years or more. Business Cash Advances are available for limited companies, sole traders, or partnerships trading for a minimum of 6 months. Start-ups are not eligible for loans.

We offer both unsecured and secured loans. Standard unsecured loans require no security, but for limited companies, we request a personal guarantee from at least one director or shareholder. Enhanced unsecured loans require a personal guarantee from two homeowners. Secured loans may require a debenture over the company or a charge on personal or commercial property.

Yes, we partner with brokers and introducers. We provide training, dedicated account management, and competitive commission fees. As Patrons of the NACFB, we are committed to expanding our network.

To register as an introducer, please visit our Introducer Registration page and follow the instructions. 

For access to the Introducer Portal, click the provided link and email broker@momentafinance.co.uk for login details. If you experience any problems, contact the same email address, and our team will assist you promptly.

To determine eligibility, we consider various factors such as trading history, annual turnover, and card sales (for Business Cash Advance). For Business Loans, your company should have been actively trading for at least 24 months with a minimum average annual turnover of £200,000. For Business Cash Advance, your business needs to have been taking card payments for the last 6 months with a minimum monthly average of £10,000 in card sales.

When considering an application your credit history makes up only part of our analysis. Multiple factors are taken into account when assessing your application, including affordability and trading history. Although we try our best to help all businesses that approach us for funding, we also have a responsibility to ensure that we only lend to a business if we believe that it can afford the repayments.

We recommend using our short online quote form for loan applications. It only takes 1-2 minutes, and we’ll contact you within 24 hours of your application.

Typically, we require the latest 3 months of bank statements or consent for Open Banking, along with the latest filed financial accounts. For Business Cash Advances, 6 months of merchant statements are needed. Additional information or documentation may be requested based on the application.

Open Banking allows access to better financial services by sharing transaction data securely. You retain control over who sees your data and can withdraw permission at any time. Momenta Finance uses Consents.Online, regulated by the Financial Conduct Authority, for data access. Learn more on the Open Banking website.

Requesting a quote takes a few minutes. We aim to provide an answer on the same day or within 48 hours after receiving your loan application and supporting documents. Once approved, funds can be transferred within 48 hours, subject to required information for loan documentation.

No. Applying is free, and there are no commitments until you sign loan documentation and receive funds in your account.

Loan amounts vary depending on the type of loan. Typically, we can lend up to 15% of your company’s annual turnover. For Business Cash Advance, we consider around 120% of your average monthly card takings. As your business grows, we can explore increasing this limit.

Business Cash Advances do not have any arrangement fees. For business loans, a small arrangement fee is charged, which is spread over the loan term and not payable upfront.

Repayments are collected via monthly direct debit. Additional payments can be made through bank transfer, debit card, or PayPal.

If you anticipate missing a payment or are struggling to repay on time, please contact us at 0800 848 8480 to discuss your situation. We practise ethical lending and work with borrowers to find a solution, so reach out to your account manager for assistance.

You can make over-payments of up to 10% of the outstanding loan balance annually without incurring any early settlement fees. For early settlement, fees apply based on the timing of the settlement. Contact us at 0800 848 8480 or email contact@momentafinance.co.uk to discuss early repayment options.

Yes, we prioritise the security of your personal data. Our data is fully encrypted, and we do not share any details with third parties without your consent.

Momenta Finance is a member of the Federation of Small Business (FSB), British Institute of Innkeeping (BII), and a patron of the National Association of Commercial Finance Brokers (NACFB). We’re authorised and regulated by the Financial Conduct Authority (company reference number 722951).

The Growth Guarantee Scheme launched in July 2024 and is designed to support access to finance for UK small businesses as they look to invest and grow. Businesses that took out a CBILS, CLBILS, BBLS or RLS facility are not prevented from accessing GGS, although in some cases it may reduce the amount a business can borrow.

GGS aims to improve the terms on offer to borrowers. If we can offer a Momenta Finance business loan on better terms, we will do so. GGS-backed facilities are provided at our discretion and we are required to undertake our standard credit and fraud checks for all applicants.

Please see https://www.british-business-bank.co.uk/finance-options/debt-finance/growth-guarantee-scheme for more information.

If you already have a GGS loan with us and require help, please contact us on 0800 848 8480.

Momenta Finance is proud to have partnered with the British Business Bank as an accredited Growth Guarantee Scheme (GGS) provider.

You can apply for the Growth Guarantee Scheme (GGS) using our online form available here. We’ll then assess your application and confirm whether we can offer you a GGS or a small business loan.

The following are not eligible under GGS: 

• Banks, Building Societies, Insurers and Reinsurers (excluding Insurance Brokers) 
• Public sector bodies 
• State-funded primary and secondary schools

Currently, only soft assets are accepted as per marketing details, and evidence of insurance is required. While there are no hard assets at present, they may be considered as the product grows.

• Payments: Monthly only.
• Deposit: HP = zero; Finance Lease = VAT amount (subject to underwriting).
• Deposits can be paid directly to the supplier; if the supplier requires a higher deposit, the borrower may be refunded on commencement.

• Full supplier invoice is paid out; no stage payments.
• Supplier bank details are verified before funding.
• Supplier waivers are considered on a case-by-case basis.

Early settlement is equal to all remaining rentals/payments due, but early settlement discounts may be offered case by case.

• Customer visits: Not standard, but may be requested for larger exposures.
• Asset inspections: Typically for assets over £75,000, subject to asset type.
• Customer validation calls and acceptance certificates are required before drawdown.

• For HP: You can own the asset after making the final payment and paying the option to purchase fee.
• For Finance Lease: The agreement can roll into a secondary rental period or be terminated with asset return or transfer, depending on terms.