Small business loans

[NordicCrankShaft]

I'm a small business, I'm looking for a small business loan so I can fund the purchase of equipment. Turn over can vary from £5-7k a month. The only thing that seems to keep popping up is Iwoca which I'm reluctant to go anywhere near as the £9k I'm looking for sees me paying back £7.3k in interest over two years which I think is wild!

Am I missing something? The company is in a decent position, has money in the bank and zero debt aside from a an currently on lease.

[NordicCrankShaft]

Try capital on tap, they were trying to throw a credit card at me a few months back but have no need for it.

As for the business, 4 years old in November.

[NordicCrankShaft]

rallye101 said:

How new is the business? Government offers them if less that 3 years old

From what I have seen the government stuff is more like a personal loan disguised as a business loan.