Apply online in minutes
Tell us about your business on our simple online form.
We approve based on your business performance. Our soft search does not impact your credit score.
Decision in two days
You’ll get a funding offer in less than 48 hours, if your application is approved.
Receive your funds
Receive the money within 2 days of your offer being funded.
Get funded up to £200k over 36 months using a socially responsible alternative to a small business loan. Our values-based finance product operates in line with Islamic principles, meaning it's based on a commitment to community. It's also a competitive and accessible method of business finance, highly relevant to today’s commercial marketplace.
The advantage of a business line of credit is that it's a flexible approach to raising working capital. But depending on your situation, it may not be the most appropriate solution. When you're looking for a substantial injection of capital to fund growth - be it the purchase of inventory, hiring new staff or upgrading your facilities - you could benefit from a finance solution such as ours.
If you're considering a line of credit, our approach could be a more cost-effective solution.
The Qardus business funding product differs from traditional finance because it's interest-free. That's because we operate in line with Islamic finance principles. However, any UK-based business can apply for our finance.We do charge a fee for our finance, which is agreed in advance. This is typically very competitive when compared with the costs of opening and maintaining a line of credit.
Through our business line of credit, you can access funding of between £25,000 and £200,000. Put this to work to develop and grow your business.
Quick and easy to apply
There's no time wasted on completing a long application. We only want you to give us the details we absolutely require to make a decision.
No assets sought as security
Because our business funding is unsecured, it's not tied to any asset in your business. This speeds the application process and gives complete freedom in how you manage your assets.
Get funded fast
In order to implement your plans you want prompt access to the money. Once your offer is fully funded you get the cash within two working days.
You retain control
You have significant flexibility on how you invest the capital we raise for you, because you're best placed to know where it will be used most effectively.
Give yourself commercial advantage
When you have a stronger cashflow you're better placed to take advantage of new opportunities when they arise, helping you strengthen your position in the market.
Free up time to plan ahead
Having access to additional finance helps you escape the stress of regular cashflow crises. It helps free up time you can put to more productive use, such as strategic business planning.
Testimonials from business owners who've raised money through us. BN
Qardus is a great example of the importance of flexible working capital for asset light businesses such as ours. Without the assets to offer a traditional lender as collateral, micro SMEs are often turned away. Qardus worked with us to understand our strategy and ambitions, and the funding provided will support the investment required to update our data service provider, allowing us to have more control of our central costs.
Athar Ahmad, Founder, Zoomash Limited
Discover a cost-effective alternative to a business loan.
There are no interest charges
Our product differs from a line of credit or other form of loan because it is interest-free. Instead, we charge a pre-agreed fee that's taken from the funds raised before they are paid to you.
Ethical alternative to a line of credit
We're committed to a values-based approach to business finance, with the good of the community being at the heart of what we do.
Sharia-compliant business finance
Our business funding is Sharia-compliant, which means it is operated in line with Islamic principles of finance and business.
We use a proven crowd-funding model to raise finance. This gives you the short-term funding you require, repayable over a term of up to 36 months.
Our fee structure is simple and transparent:
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.
Any established and creditworthy business currently operating in the UK can apply for financing on the Qardus platform, including partnerships, limited companies and non-limited companies.
Businesses must have:
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).
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.
Qardus currently provides the following type of financing: