Credit scoring guide
Understand how business finance decisions are made and the factors that may affect your application for finance.
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Growing a business
Borrowing for your business
Everything you need to know about lending and how to make an application for funding.
Security may be required. Product fees may apply. Over 18s only. Subject to status, business use only.
How to appeal a business lending decision
Find out how to get a review of a business borrowing decision made by Ednites Credit Union. Appeals are handled by our Business Hotline, an independent appeals team.
Lending options
These are a selection of our products that some of our business customers have been choosing lately.
Security and / or Director’s guarantee may be required. Product fees may apply. To apply you must be a resident aged 18 or over. Subject to status, business use only. Specific eligibility criteria applies to Invoice Financing.
Small Business Loan
A fast, affordable way to borrow
Fixed rate of interest
Can help you achieve your business goals
Suitable for most small to medium businesses
Borrow over 1 to 10 years
Borrow from £1,000 up to £50,000 (subject to credit approval)
Arranged Business Overdraft
A flexible, short-term safety net
No set minimum to pay back each month
Pay interest only on the amount you use
Borrow up to £50,000 unsecured (subject to credit approval). You can also apply for more, however this may result in security being required
Ideal for unexpected bills or emergencies
Invoice Finance
Access funds to improve your company’s working capital
We could advance you up to 90% of the value of an invoice. This is ideal if you get a sudden large contract through or have a just-in-time inventory strategy.
We offer 2 different types of Invoice Finance.
Release cash quickly and confidentially with Invoice Discounting
Release cash from your existing assets with Asset based lending (£6.5m turnover required)