South Wales business loan provider secures six-figure investment


After a period of exceptional growth, a South Wales-based business loan provider has secured a six-figure investment that will see it expand its support for small businesses looking for short-term loan options .

Go Business Loans offers loans of between £2,500 and £20,000 to businesses in the UK through manual underwriting; assess a company’s repayment needs and capabilities rather than using a computer algorithm to determine what financial support it can provide.

The investment follows a period of exceptional growth at Go Business Loans, which since its launch in April 2021, has supported over 20 clients with new business loans and five businesses with top-up loans.

This significant investment will increase Go Business Loans’ investment funds fivefold and could enable them to support around 50 new businesses, based on their average loan size, many of whom are unwilling to borrow more than they need in the part of a government stimulus package or have been turned down by other lenders based solely on their finances.

The funding will also allow Go Business Loans to fund VAT loans between £3,000 and £50,000, offering 100% of the VAT due with 90 day loan terms and daily interest rates with no prepayment penalties. With Go Business Loans’ streamlined and hassle-free process, businesses can expect results within 24 hours of application.

David Vieira, Managing Director of Go Business Loans, said:

“We are delighted to receive this investment. Not only is this a testament to the services we have provided since launch, but the funding will also allow us to help even more businesses move forward.

He continued:

“I am extremely proud of our progress so far and how we have also been able to help our customers grow their businesses, especially under such difficult and uncertain circumstances.”

Go Business Loans has been able to provide alternative solutions to small businesses, with a holistic understanding of the pressures they face while delivering a quick turnaround.

One such business that has benefited from the services of Go Business Loans is London restaurant Bagels & Waffles, which needed funds to reopen its first premises after a rebranding during the pandemic.

Marlon Johnson, Director of Bagels & Waffles Retail Premises and Shops, said:

“Having faced difficulties in securing financing from traditional lenders, most lenders said now was not the right time to expand into hospitality. David and the Go Business Loans team looked at our recent bank statements, but they also saw the strength of our years of trading.

“This human approach is particularly necessary for hotel companies and it was easy to reach the decision makers because they were always on the other end of the line.”

Plastic-free haircare brand Ksoni has also used Go Business Loans to meet its shopping needs during lockdown, while shifting to online retail.

Co-founder Banasa Williams said:

“Getting a bank loan has become more difficult due to Covid-19 as eligibility criteria have tightened and it has become more difficult to talk to a real person.

“Go Business Loans reviewed our app comprehensively and we received real feedback on our app. David even stayed in touch after we got the loan, to provide ongoing support as we grew our business.

Applications for unsecured loans can be made online at Go Business Loans.


Comments are closed.