There is a various alternative loan finance providers across the UK some being larger financiers which have various products. Mid to smaller providers which will focus on one type of loan such as a flexible loan for start-up businesses. They can be set up with minimal information that needs to be provided by the applicant such as 3 months’ business bank statements. Because of this, the funds can be released to the applicant the same day in under 24 hours. In addition, the loan can be repaid to the financier at any point during the loan term with no additional fee’s providing the flexibility SMEs require. A lot of businesses look at short-term unsecured loans as an alternative to a business overdraft. This is because they can borrow a set amount over a term but have the ability to not only pay this back at no extra cost but have the ability to apply for further funding.