Your repayment schedule will be provided by GC Business Finance and is included in the Loan Agreement you will receive by post after approval.
Your Loan Agreement from GC Business Finance will be valid for two weeks. This timescale is used when calculating the date of your first repayment.
Our Loan Calculator can be used to gain an idea of how much your monthly repayments will total. However, the calculator is for illustrative purposes only, and your monthly repayments will be calculated by GC Business Finance when the loan is approved.
Once you have received your loan funds, your first repayment will fall as the examples below:
If your loan is approved in January and you receive the funds in January, your first repayment will be on the 1st March.
If your loan is approved in January and you receive the funds in February, your first repayment will be on the 1st April.