Ferratum Group was founded in 2005 with headquarters in Helsinki, Finland. Since inception to date, Ferratum has become synonymous with automated banking frameworks, sales experts and centralised innovation and technology after having been a pioneer in the financial technology industry and provision of mobile banking solutions across the world. Ferratum Group launched their UK lending division on 15 June 2017 as Ferratum Business.

Ferratum Business offers business loans across the UK with a quick online decision and rapid application process that takes minutes. Ferratum Business is FCA regulated and authorised and registered to operate within the UK.

The business loans range between £2,000 and £50,000 with repayment terms of between 6 months and 18 months. No collateral is demanded although your business must be based in the UK, maintained at least £75,000 yearly turnover and must have been operating in the UK for at least two years. A business bank account is also required, including a UK physical address.

Ferratum Business has very transparent terms with fixed monthly repayments. They approach the application process differently by basing their decisions to offer business loans to UK businesses through cash flows and not credit scores. Collateral is not required while the safe and secure process is paperless.

The process of application is very simple. Ferratum Business loans applications are done online and take minutes as you indicate more about the business and the amount of funding you need. A loan offer is then made and after reviewing the interest rate and monthly payment you can accept the loan offer. Once the entire application process for funding is concluded and approved, the money is then transferred to the provided account in just a single business day.