The amount you can borrow on a business loan will be affected by:
The purpose - a lender is likely to have upper limits against the value of the asset you are purchasing or developing
Your businesses' credit history - a business with a strong credit history will typically find lenders willing to advance more to it than a weaker business
Your contribution - the more of your own money you are seen to be putting in, the more the lender is likely to see you sharing the risk and be willing to advance more.
The value of any security - similar to the purpose above, lenders will apply standard valuations to security, be it land or floating assets like book debts, and limit the amount you can borrow according to the level of security cover they feel they need.
Talk to us about the amount you want to borrow on a business loan.