Friday, January 20, 2023
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Merchant Money has made changes to both its unsecured and secured business loan offering and includes an increased maximum loan amount and longer loan term. On unsecured business loans the maximum loan size is now £250,000 with an increase in interest-only period to 12 months and a loan term of five years.
On secured business loans the maximum loan is now £750,00 with an increase in interest-only period to 24 months. Commenting, the lender’s CEO Luke Jooste said: "UK SMEs continue to face an extremely difficult trading environment and we want to support them as much as we can."
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