UK’s Solution To Business Finance
Using a Finance Broker can more than double your chance of a successful application for the following reasons
1) Finding the right Finance Company, with over 100 to choose from,how would you know who to apply to? Most Finance Companies are industry sector, credit rating or business size led.
Go to the wrong one and you will pay more than you need to.
2) Presenting your Company information in the correct manner that the credit department will pass your application, this only comes from knowledge and experience of what the Principles and Underwriters will look for to approve a loan, get this wrong and the interest rate will go up substantially.
3) Avoid leaving unnecessary Financial Footprints which can harm a future application for Finance.
They cause a lender to worry about the application as others have clearly turned the business down.
4) There are about 30 Finance Companies we know of, who do not actively advertise, preferring to take applications direct from a finance broker or someone they know. The reason for this is simple; they do not want their time wasted.
It saves them time, manpower and money as they do not need to advertise.
A good broker will know what they are looking for About once a week I am told, well I did apply to this Company but we were unexpectedly turned down at the very last moment.
I am left thinking to myself, they actually went to the right Company, but it was turned down by the underwriters, because they did not fully understand the proposal and now it is going to cost them more.
With well over a 100 Finance Companies to choose from, it is possible to say yes to most requests.
The biggest myth out there is that all Finance Companies are the same; this truly is not the case.
Some Finance companies have no issue with the Director not giving Personal Guarantees; others are business sector driven and positively welcome any business within the Construction or Building Industry.
Why not pick up the phone and tell me what finance would ideally suit your business, let us be your Satnav.
You are more than welcome to call me direct on my mobile 07710 466166.
Here are some of the different types of Business Finance that we can put in place quickly and easily or just pick up the phone and ask me.
Crowdfunding or Balance Sheet Finance .Rates vary from 3.2% to 25%
The key here is in preparing the application correctly, we can also talk direct to the decision makers and go through any special circumstances, finding out how much they are prepared to lend before going through an official application.
Property Loans for Business Funding
(We offer a 10 Day turnaround from Valuation)
- With our secured commercial loan products, we can fund any business for any business purpose by placing a 1st, 2nd charge on UK properties.
- Deal terms range from 3 months to 10 years.
- Deal sizes £25,000 up to £10million.
- We work with all credit profiles including adverse.
Property development finance- Beware
If there is ever a type of business finance where you need a broker it is this type. The problem is a standard broker is just not good enough either. We have a specialist broker on our team, who lives and breathes this type of finance, she knows how best to package a deal and who to take it to.
Sounds easy, its as easy as you looking at Roger Federer play tennis and trying to copy him.
The issue is without an in depth knowledge, what might appear to be the best deal with a low interest ,could be the most expensive deal.
Last minute let downs and last minute fee increases happen frequently, you should also only use one broker for this type of finance. Please call me if you are considering this type of finance on 07710 466166 to save yourself money and severe stress.
Business Cash Advances (short term Loans) For virtually any type of Company, funds normally available within 24- 48 hours, rates vary hugely, this is not for the inexperienced, we regularly see businesses pay over twice as much as they should, if only they knew how.
For example client was offered a 12 month loan at just over 2% per month, we arranged the loan at 12% instead of 26%, how we arranged a longer term loan lower monthly repayments and no penalty for early repayment.
Again a specialist in this type of finance, will know who is doing the best deal for your specific requirements.
A good broker is worth their weight in gold if you are looking for a type of finance that really suits your business need, at the last count there were 92 Finance Companies that would lend on your book debts, how would you know where to go and what was on offer?
Most Company Directors are influenced by headline interest rate and the name of the Finance House. For all but the most standard business, this can be a very costly mistake.
Every week, I am told by a Company Director, I did not think that was possible in invoice finance.
The really big Finance Companies, just do not have the interest or flexibility to treat clients differently, one size fits all.
Here is one different option
This works just like an old fashioned overdraft: the finance company gives you a credit limit, you can draw down funds and make repayments as often as you like in any given month.
The business just has to pay the service charge each month 0.4% (only payable, if you use the facility) and the Interest.
Capital repayments are made when you wish to or just roll it.
The credit limit is normally assessed on the following, up to 66% of average book debts, 35% of Stock Value and they also will value WIP.
Loan size £25k to £3m.
If you would like to explore your options and deal with a Finance Company that is going to make your business life easy and more profitable, then why not pick up the phone for a chat..
Very best wishes and I look forward to listening to your requirements, you are very welcome to just pick up the phone and dial my mobile.
0800 612 5364 or 07710 466166
Do you have an existing Invoice Finance Facility? Then you are probably paying over the odds, you really should see this short video