Faq

How much can I borrow?


With GROWWIN, you can apply for £1000 to £50,000. Usually, if you average at about £5,000 per month then this is what you can get as well. Although, we are always open to discussion. Apply here and we’ll get back to you within a day.

How long can I borrow for?

We offer short-term business loans with a flexible repayment schedule. Loan terms are from 1 month to 36 months. The average loan term for our clients is 9 months.

How can I qualify for a loan?

Our standard requirements are that you must be trading for at least 3 months and have £3000 monthly average revenue. However, if you can’t meet these requirements then contact us anyway. We’ll do our best to find you a suitable solution as we also offer traditional business loans which in your case might be even more suitable. The bottom line is – get in touch with us and we’ll figure out the best approach for your business.

How much will it cost?

As every business is different, so is our pricing. We work with you to set up a comfortable and affordable loan package. 
You don’t have to worry about any pre-payments or hidden fees either. Our loans are flexible and transparent.

How about fixed monthly payments?

If you would rather apply for a traditional business loan then the monthly amount will depend on the amount you’re looking to borrow and the time it will take you to pay back the loan.

Will this cash advance affect my credit rating?

By giving you an initial quote, we will not do any credit checks on your business. However, when you agree to our terms and offer then we may want to do a credit check. You can be sure that your application will be assessed personally and not by any algorithms in a computer program.

Is this a secured loan?

No, all of our business loans are unsecured, meaning that all of your assets are safe and yours to keep.

How long does it take to get the funds?

This all depends on how fast we get your information, get is assessed and agree on a comfortable percentage. It can take up to 5 days or even as little as 24 hours.

Will I need a PDQ card machine?

No. If approved the loan will be transferred to your company bank account. If you are looking to apply for a PDQ loan then a card machine is essential as your repayments will be linked to your future card sales. If you’re looking to apply for a traditional business loan then you will not need a card machine.

Can I check my outstanding balance?

Yes, you can. We will send you monthly statements and you can also check your balance online whenever you wish to do so. It’s important to us to keep you in the loop at all times and that’s why we offer different options of keeping up with your payments and balance.

How can I use this loan?

You can use it on whatever you need in order to grow your business, we do not limit that in any way. We trust that you know what’s best and most needed for your business. Usually, people use the advance to buy new stock or renovate their business.

How can I apply?

All you have to do is fill in the online application form, click Send and that’s it. It will literally take you only a couple of minutes. No paperwork needed!

I run a start-up, will I qualify?

Even though we require businesses to trade at least 3 months in order to be eligible for a loan, don’t hesitate to contact us anyway. We’re sure we can work something out for you.

What if I don’t have a PDQ card machine?

No worries, we also offer traditional business loans that are not linked to your card payments. Get in touch with us and we’ll figure out the best approach for your business.

Why borrow from Growwin?

We work with your business not against you and here are a few ways how:

  • flexible payment options
  • a quick and simple application process
  • quick funding
  • friendly and supportive service