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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.
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.
Interest-free funding for manufacturing businesses
We are a values-based and ethical provider of business finance, and we believe companies should serve their communities. Manufacturers provide jobs and many create products that are valuable to society.
Our manufacturing finance is Sharia-compliant
Being Sharia-compliant means our finance solution is managed in line with Islamic principles. In business, these principles are about managing commercial activities in a way that benefits the community. It also means avoiding industries that are considered damaging, such as those involving alcohol, tobacco and gambling. These principles also require the avoidance of paying or receiving interest, which is why our business finance is interest-free.
Why would a manufacturing business choose Islamic finance?
Any UK-based manufacturer can apply for Islamic finance. It’s simply an alternative to a traditional business loan. While being Sharia-compliant will have a special appeal to Muslim business owners, non-Muslims can also benefit from our ethical approach.
Our funding differs from financial products such as loans and invoice finance because it’s an interest-free method of raising working capital.
Benefits of unsecured finance for your manufacturing business
Access flexible, affordable finance of between £25,000 and £500,000 to invest in growing your business.
How our manufacturing finance works for you
Our straightforward approach makes it easy for you to raise the funding you need.
Unsecured funding
Your valuable manufacturing assets are not tied to the finance as security, leaving you in full control of how you manage them.
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.
Prompt access to cash
The money is in your bank account within two working days of your offer being fully funded.
You stay in control
It’s important that you determine how the funds are used, because you know your business better than we do.
Our solution differs from conventional unsecured business loans. Here’s how:
Interest-free finance
There are no interest payments. Instead, we do charge a rate (i.e. profit rate) that’s set in advance and a processing fee, which is agreed with you at the start.
Socially responsible finance
We’re committed to providing access to finance for businesses and organisations that make a positive contribution to communities. This includes small and medium-sized firms across many different industries.
Our customers trust us
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 unsecured manufacturing finance
Allow our unsecured funding to help your manufacturing business thrive
Reduce cashflow pressures
Give yourself space to think and plan, without worrying about cashflow during busy production cycles.
Take advantage of larger discounts
With the extra funds, you could buy materials in larger quantities, opening up bigger discount opportunities and economies of scale.
Upgrade your systems
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 for your business. Use our unsecured business finance to seize them and to thrive.
Funding FAQs
What fees does Qardus charge?
We charge an arrangement fee of up to 8% 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 is applied to any repayments that remain unpaid after 3 business days from their due date.
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-ups and sole traders are not eligible)
- Profitable and stable cash flows
- No outstanding CCJ's
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 takes 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, and after you have signed your financing agreement, your financing request will automatically be listed on the marketplace so that registered Qardus investors can review it and 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 a flat profit rate and Qardus fees. The rate (i.e. profit rate based on the commodity murabaha agreement) 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. The rate is applied to the outstanding principal at the outset to calculate the amount due on each repayment date.
Our rates start from around 1.25% per month but can vary depending on the risk profile of the business.What types of financing can a business get on the Qardus platform?
Qardus currently provides the following type of financing:
- Small business (unsecured) financing facility.
- From £50,000 to £500,000 for working capital purposes.
- Tenors from 6 months to 36 months.
- Personal Guarantees (PGs) will be required by the shareholder(s).
Secured vs. Unsecured business financing
Unsecured business financing typically requires a personal guarantee from the shareholder(s). This is a common practice for this sort of agreement in the UK.
Unlike a secured financing agreement, an unsecured facility does not obligate the business receiving the financing to give up collateral (business assets) if the business defaults on payment.
The financing provider 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.