Frequently Asked Questions
Answers to the questions we hear most.
We’ve put together answers to the questions we’re asked most often by business owners and their advisers. If you can’t find what you’re looking for here, our team is happy to help directly.
What is Abbey Road Capital?
We offer business loans ranging from £250,000 to £2 million, repaid over 1-3 years.
What types of businesses do you work with?
We work with established, UK-registered limited companies across a range of sectors. To be eligible, your business must have been trading for at least 2 years, hold at least one set of filed annual accounts, and have a minimum annual turnover of £500,000.
Do you only lend to UK companies?
Yes, you must be a limited company in the UK to be eligible, but we accept if you have business and premises overseas.
Do I need to be the main business owner to apply?
You must own at least 51% of the company to be able to apply.
Do you work with brokers and financial advisers?
Yes. We welcome introductions from brokers, accountants, and financial advisers on behalf of their clients. Please get in touch directly to discuss an opportunity and a member of our team will be happy to assist.
What is the maximum amount I can borrow with Abbey Road?
We offer business loans ranging from £250,000 to £2 million, repaid over 1-3 years.
What can my business loan be used for?
Your business loan can be used for any purpose including paying bills, growth capital, paying staff, buying equipment, consolidation, paying tax, hiring staff, marketing growth, expanding premises and more.
Are your business loans secured or unsecured?
Our loans are currently fully unsecured, so no assets or collateral is required to be eligible. Your eligibility is therefore based on factors such as company turnover, loan purpose, existing debts and creditworthiness.
Do you require a minimum turnover to be eligible?
Yes, our minimum turnover to be eligible is £500,000 per year.
How long do I need to be trading for to apply?
We require a minimum trading period of 2 years with at least 1 filed annual accounts.
Does it matter if I have other business loans open?
No, you can apply and be approved if you have other business loans open, including several business loans. We are willing to be up to the 5th position on your loan, but for maximum chances of approval, we typically prefer to be in 1st or 2nd position.
Can I repay my business loan early?
Yes, you can repay your loan early and at any time by contacting us directly. Depending on how soon you have repaid your loan, an early exit fee may apply, but overall you will have less interest accrued.
What interest rate will I pay?
Our loans are priced on a deal-by-deal basis, with an indicative APR from 29.9%. Your actual rate will depend on factors including your turnover, credit profile, loan amount, and term. A full breakdown will be provided in writing before you commit to anything.
How quickly can you release funds?
Once approved, we are able to transfer funds to your business bank account within 1 to 24 hours.
Do you check my credit score when applying?
Yes, we may carry out a credit check to confirm your suitability for a loan. This may be a check of both your personal and business credit file to check your creditworthiness.
Do you require personal guarantees to be approved?
Yes, we require personal guarantees to back up your business loan.
What documents will I need to provide?
Typically we will ask for recent bank statements, filed accounts, proof of ID, and details of the funding purpose. The exact requirements will be confirmed during your initial conversation with our team. We aim to keep the process as straightforward as possible.
How long does the application process take?
Once we have the necessary information, we aim to provide a credit decision quickly. Following approval, funds can be transferred to your account within 1 to 24 hours.
What happens after I submit an enquiry?
A member of our lending team will be in touch within one business day to discuss your requirements. From there we will outline what information we need and give you a clear picture of the next steps — with no obligation to proceed.
Do you work with brokers and financial advisers?
Yes, we actively welcome introductions from brokers, accountants, and IFAs on behalf of their clients. If you have a client with a funding requirement, please get in touch directly and we will ensure your enquiry reaches the right person on our team.
How do I introduce a client to Abbey Road Capital?
Simply get in touch via our contact page or call us directly. Provide a brief overview of your client’s business and their funding need, and one of our team will follow up promptly to discuss the opportunity.
Is a fee paid for successful introductions?
We are happy to discuss introducer arrangements on a case-by-case basis. Please contact us directly to talk through the options.
Can my client apply directly if they found Abbey Road themselves?
Yes. Business owners are welcome to contact us directly without going through an adviser. If they were referred by someone, we are happy to accommodate that relationship where relevant.
Will you keep me updated on my client's application?
Yes. We understand the importance of keeping advisers informed throughout the process. We will communicate key updates with you as the introducing party, subject to your client’s consent.
Does it matter if I have other business loans open?
No, you can apply and be approved if you have other business loans open, including several business loans. We are willing to be up to the 5th position on your loan, but for maximum chances of approval, we typically prefer to be in 1st or 2nd position.
Can I repay my business loan early?
Yes, you can repay your loan early and at any time by contacting us directly. Depending on how soon you have repaid your loan, an early exit fee may apply, but overall you will have less interest accrued.
What interest rate will I pay?
Our loans are priced on a deal-by-deal basis, with an indicative APR from 29.9%. Your actual rate will depend on factors including your turnover, credit profile, loan amount, and term. A full breakdown will be provided in writing before you commit to anything.