Frequently Asked Questions
You will find some of our most popular frequently asked questions, however if your question isn’t listed, please don’t hesitate to get in touch with our team. Our team of specialists will be more than happy to answer any questions that you may have.
Are you a broker or a lender?
Amplo Commercial Finance are a whole of market broker with access to a wide panel of lenders ensuring you can get the best rates for your desired finance product.
How many lenders do you have access to?
We work with a large number of lenders including those who specialise in specific products to ensure we find you the best rate and finance solution based on your needs.
How affordable are the interest rates on the products you offer?
The specific interest rates on any given borrowing product will ultimately depend on your circumstances at the time you apply for finance. In most instances, we should be able to offer a much better deal than the vast majority of high street lending facilities and you can always talk to one of our team members to find out more.
My Business isn’t very old and I have limited accounts/information – can I get finance?
Yes it is possible, although it is in your best interest to provide as much information about your business as possible in order for us to help secure you the lowest borrowing rates.
Why Should I Use Amplo Commercial Finance?
Amplo Commercial finance can provide funding solutions for businesses from start up companies to well established organisations. Our modern business approach means our processes are far more streamlined than traditional banks and other institutions. We can help deliver an approval in principle in hours, rather than weeks.
Our senior management team have over 30 years’ experience within the finance sector. This coupled with a thorough knowledge of business on the whole, and understanding of the challenges faced by companies looking to grow make us your ideal funding partner.
With access to the whole of market and a range of finance products on offer, Amplo can provide a finance package that is tailored to your business needs and requirements in order to enable it to thrive.
In what countries are you able to provide finance?
We can provide funding to any business that is registered within the UK including Northern Ireland (subject to credit).
What are your minimum lending requirements?
We can arrange Asset Finance from as little as £2,000 up to £10m.
In terms of Bridging / Development finance, the minimum lend available is £25,000 with no upper limit.
What are your Credit Requirements?
We take pride in our flexible approach and understand that every situation is different. We can assist both start up business and also well established companies. If your company is in need of a finance boost, no matter what the credit circumstances, get in touch to see how we can help you today.
How do I apply for finance?
Firstly, you can either call us or complete our enquiry form. If you complete our enquiry form, we’ll give you a call when it’s most suitable to discuss your requirements further. Over the phone, we will talk about your business and what you need finance for.
From there, we will approach our panel of lenders on your behalf and find the finance solution that you and your business are looking for. Throughout the whole process, we’ll keep you informed and let you know where we are up to with your application.
Recovery Loan Scheme
What information / documents do I need?
You may be asked to provide evidence of management accounts, business plan, historic accounts, and details of assets. However, it is not limited to those documents and a lender may ask for more information.
What can the Recovery Loan Scheme be used for?
Businesses can use the recovery loan scheme to restructure existing debt, purchase equipment and machinery, help with cashflow and payroll, invest in new employees, training or marketing and much more.
How long do I have to pay the Recovery Loan Scheme off?
Term and asset finance have a term of up to 6 years and overdrafts and invoice finance have a term of up to 3 years.
Can I apply for a Recovery Loan Scheme if I've received previous support?
Yes – If you have previously taken out a Coronavirus Business Interruption Loan or Bounce Back Loan, you’re still eligible as long as you meet the criteria.