FAQs

At Reparo our loans are structured to be straightforward, easy to understand, and all our terms very clear and visible to our clients and trusted partners.

However all our loans are different and are tailored to each clients individual requirements. We have therefore listed below some questions which are frequently asked by our prospective clients and their advisors.

If you have any other queries or initial questions, please do not hesitate to contact us for a no obligation discussion.

Q
What is the size of your loans?
A
£50,000 upwards
Q
Over what period can I borrow?
A
Up to 24 months
Q
What Business Security do you take?
A
We take a fixed charge on at least one business asset, we may also take further charges and a debenture.
Q
What personal security do you take?
A
We take an indemnity from the directors.
Q
What information do you need?
A
Accounts, bank statements and a reference as a minimum to assess the loan. We will also ultimately need your I.D and authority to conduct a search. We will conduct an independent valuation on fixed assets.
Q
What is the cost?
A
The cost varies for each individual client
Q
Can I repay early?
A
Yes, with no charges after the minimum period has elapsed.
Q
Can I re borrow after I repay my loan?
A
Yes we welcome applications from clients who have repaid their previous loans with us. If you have complied with all the conditions of your first loan you may also benefit from more attractive rates.
Q
How do I repay?
A
You set up a standing order to repay us weekly or monthly, we can also take payments direct from business account via electronic payment methods or a business debit card.
Q
Who can’t we help?
A
If you are registered or based overseas we can not currently assist you.
Q
Do you lend to individuals?
A
No, we only lend to companies.
Q
What if I can’t make a payment?
A
We will try and help you and potentially restructure your loan, or help you find a loan to repay us. However you are liable for all the payments, and we will make every effort to recover all the payments due to us.
Q
Do I have to have been trading for a minimum amount of time?
A
No, we look at all situations.

Company Number: 09030965 | FCA Registered: 624005

© Reparo 2017

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