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Business finance in four easy steps
Apply online in minutes
Tell us about your business using our simple online form.
Inhouse check
We approve you based on your business performance. Our soft search does not impact your credit score.
Fast decision
You’ll get a provisional funding offer within a few days, if your application is approved.
Receive your funds
We fast-track the paperwork to help you get the money fast.
Secured funding for business growth
When you’re serious about business growth, you’re also serious about raising funds to achieve it. Secured business finance helps you get access to these funds, by leveraging the value of assets already in your business. You’re turning past purchases - of property, machinery and equipment - into future opportunities.
We provide finance to business owners who have the vision and drive to take their already profitable company to the next level. Our secured finance helps them achieve their goals, using existing business assets as security.
Sharia-compliant secured business finance
We work with companies that want to grow and that share our values-based approach to doing business. This means we avoid working with businesses involving gambling, tobacco or alcohol.
Our principles also avoid the payment or receipt of interest on financial transactions. Our secured business finance, like all our other funding products, is interest-free.
While Sharia-compliant finance has special appeal to Muslim business owners, we welcome applications from non-Muslim owners.
Raise more working capital with ethical secured finance
Growing your business demands investment in more people, more products or more premises. This investment can often be raised more cost-effectively through secured business finance, where you’re using existing assets as collateral for the funds.
Our finance, of up to £500k over five years, can be secured against all the assets of your business, or against specific, high value property or equipment. By offering assets as security, you’re giving yourself a better chance of raising higher levels of funding at an overall lower cost.
Benefits of secured business finance
How would finance of between £200,000 and £500,000 transform your business? This additional working capital can unlock a host of opportunities.
How our secured finance works for you
Don’t allow lack of funds to limit your business ambitions. Our secured finance helps you towards a more profitable future.
Secured funding
You can access larger amounts of finance through using your existing assets as security.
Apply in minutes
We don’t ask for very much of your time in the application process - just enough to give us the information that we need, nothing more.
Fast decision making
You need quick answers to your funding questions and our team works hard to deliver these.
You stay in control
It’s your choice how you use the funds you raise through us. You know your business better than we do.
Our funding solution differs from conventional secured business loans. Here’s how:
Finance is free of interest charges
A fee for the arrangement is agreed in advance. You pay no interest on the funds you receive from us.
Values-based finance
We provide funds for small and medium-sized firms across many industries, which are serving their communities by providing valuable products, services and jobs.
Our customers trust us
BL BN
It was great working with Qardus for a second time to raise this working capital facility. The additional funding will help support stock control to service the high demand we are currently experiencing. Thank you for making the process from end to end seamless and straightforward, we highly appreciate it.
Shahid Khan, Director, Biomed Care Services
Ethical secured finance for your business
Invest in business growth to unlock new opportunities in your market.
Invest in your future
A fresh injection of working capital can ease cashflow pressures and give you more space to lay and implement plans for the months and years ahead.
Invest in your team
With the extra funds you could hire and train more people, giving you more capacity to serve a growing customer base.
Invest in new systems
Boost efficiency and productivity by upgrading your critical business systems, such as stock control, manufacturing, ecommerce or accounting. Improve the quality and speed of your production process by implementing newer, faster, more efficient equipment and software.
Invest in growth
You know where the growth opportunities lie in your industry or region. Use our secured business finance to seize them and to thrive.
Funding FAQs
What fees does Qardus charge?
We charge an arrangement fee ranging from 5% to 7% that is paid by the small business seeking financing on drawdown of the funds. In practice, it will be retained from the advance.
Are there any additional costs that could apply to your financing facility?
An administration fee of 15% of arrears may be applied to any repayments that are more than 7 days late.
If your facility is placed into default, we may charge an additional collections charge of up to 15% of the outstanding financing amount at the time of default.Who can apply for a financing facility?
All UK registered business can apply for financing on the Qardus platform. Businesses must be:- Limited Liability Company with UK registered shareholders
- Minimum of 3 years' trading history (start up's are not eligible)
- No outstanding CCJ's
- Stable cash flows
As Qardus is a sharia-compliant platform, businesses with their main activities in the following sectors are excluded:- Advertising if:
- Advertisers of pork, alcohol, gambling, tobacco and all other non-Islamic activities
- Advertising means and modes which contravene the tenets of Islam
- Media & Entertainment (Exceptions that are allowed on the platform include: News Channels, Newspapers, Sports Channels, Children’s Channels, Educational Channels):
- Producers, distributors and broadcasters of music, movies, television shows and musical radio shows
- Cinema operators
- Alcohol
- Cloning
- Financials, except the following that are allowed:
- Islamic Banks
- Islamic Financial Institutions
- Islamic Insurance Companies
- Gambling
- Pork
- Pornography
- Tobacco
- Trading of gold and silver as cash on deferred basis
How quickly can my business get financing?
Your application to obtain funding on the Qardus platform can take minutes to complete. Once this is done, our credit assessment team will review your complete application and get back to you within 48 hours (2 working days).If your application is approved, you have agreed to your financing agreement and have set up your Direct Debit, your financing request will automatically be listed on the marketplace so that registered Qardus investors can review it and offer to fund your business. Your financing facility can fund over a period of up to 14 days, although most financing arrangements fund in just a few days. As soon as it's 100% funded your listing will close and we will send you a confirmation email. As long as your financing facility is fully funded before 3pm on any working day, we will transfer the funds into your designated business bank account the same day. (NB: Funds can take up to 3 days to reach your account).
What rate will my business pay?
The total cost of your financing facility includes the rate you pay to investors, and Qardus fees. The rate (i.e. profit rate) your business pays back is determined by a number of factors, including the risk band your financing facility is given during our credit assessment process, and the length of repayment term. Your facility will be allocated a risk band once you have submitted your complete application to obtain funding on the Qardus platform.
What types of financing can a business get on the Qardus platform?
Qardus currently provides the following type of financing:
- Small business financing facility
- Up to £200,000 for working capital purposes
- Tenors from 6 months to 36 months
- Monthly repayments back to investors
- Unsecured financing facilities (will typically require shareholder guarantees), all asset secured, specific asset secured
Secured vs. Unsecured business loans
Unsecured business loans typically include a personal guarantee. A personal guarantee (when referring to unsecured loans) is a type of unsecured loan agreement.
Unlike a secured loan agreement, an unsecured loan does not obligate the business receiving the loan to give up collateral (business assets) if the business defaults on payment.
The lender may still be able to take your collateral, but not without a court’s permission. It is typical for non-Sharia-compliant businesses to charge a higher interest rate for unsecured loans; whereas secured loans have lower interest rates.