Business FAQs


Who do you provide loans to?

We provide loans to UK corporate SMEs who have been operating for 2 years or more profitably, and can provide security either backed by assets or cashflows. 

What loan types do you support?

We support the following loan purposes:

  • Working capital
  • Stock/equipment/property purchase
  • Acquisition finance including MBO/MBIs
  • Refinancing/restructuring
What is your minimum loan size?

Loans start from £1,000,000 

What security do you require?

For a limited company, the minimum security expected is a 1st ranking debenture. A debenture creates fixed and floating charges over the present and future assets of the borrowing company. Additional security may be taken in the form of a specific charge over assets such as freehold and leasehold property, a chattels mortgage may also be provided in respect of specific items of plant and machinery.

The debenture is legally binding and is registered at Companies House, as is a chattels mortgage and certain specific charges. Where appropriate specific charges are also registered at the Land Registry.

Where a company is part of a group, we will also take cross guarantees from the associated companies, often supported by a debenture over the guaranteeing company.

Please note that should any legal charges or guarantees be taken we reserve the right to insist on independent legal advice being given to the individuals pledging the security.

Do you require personal guarantees?

Any additional guarantees are considered on a case by case basis.


What fees do you charge?

Upfront fees

Arrangement fee - up to 3% including an underwriting fee if applicable (plus VAT where applicable).

Introducer/Partner fee - as agreed directly with the Introducer/Partner.

Legal fees - based upon the complexity of the transaction.


Ongoing fees

The agreed annual rate may include an ongoing platform fee (max 2% where applicable) and ongoing underwriter’s fee (max 0.5% where applicable). These fees vary according to the risk profile and will be agreed with the borrower on a case by case basis.


Applying for a loan

Can I apply directly to ThinCats for a loan?

We recommend all potential borrowers use an intermediary such as an accountant, corporate finance adviser or commercial finance broker when approaching us for funding.  

We are well-known within the business finance advice community which is best placed to advise businesses on whether our services can meet their particular funding requirements.  

What is your general criteria for assessing potential loans?

Please refer to our general loan criteria 

Repaying the loan

How do you calculate loan repayments?

Repayments are usually monthly or quarterly, however, we will tailor repayments to meet customer need and individual cashflows.

Can I repay the loan early?

Yes, you can and there are normally no penalties or additional costs for early repayment of the loan. The exception to this being if your agreement stipulates that the loan will run for a minimum number of terms. If you choose to break the agreement there will be a penalty and you will have to pay all due interest up to the minimum term.

What happens if I’m late or think I will be late in making a repayment?

If you think you may be late with a payment or are experiencing financial difficulties then speak to us directly on 01530 444040 at the earliest possible opportunity.

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