UK's Solutions to Business Finance and Loans

Why You Should Use a Broker

“70% of businesses that apply direct for finance are turned down”

Compare that to:

“70% that are put forward by brokers are accepted”

Finance Companies pay brokers to introduce suitable businesses to them. Brokers like me save them time and a considerable amount of money on employing manpower to process unsuitable applications. After all, why would a busy Company Director want to waste their time on fruitless applications?

The average broker acceptance rate is 70%, but a good broker’s will be even higher. Mine is 84% - let me leverage my experience into success for your business.

A finance broker should be able to take you to a finance company that is a good fit for you and your turnover, credit rating, industry sector and purpose of loan.

They will also to be able to help you present your case and explain any relevant issues that could cause the proposal to be turned down in the underwriting stage.

If you are looking for any type of business finance (either now or in the future) then you are very welcome to call me on 0800 612 5364.

Don't miss out on the best deals

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How to get the best out of a broker:

  • If possible, try not to leave a request for finance until the last moment.

  • Do tell the broker if there is anything in your past that could affect the application, such as company failures, CCJs, or if you are in a "time to pay" arrangement with HMRC. Every single thing will come out in underwriting (which is right at the last moment, one day before payout), and so it is easier for us to deal with any issues if we know about them first.

    • Contact us as soon as possible, before contacting any banks or finance companies on your own and let us help you to improve your application for business finance.

Check out this recent case study. It explains a lot.

We recently arranged a really good 6-figure loan for a Construction Company. We managed to get a verbal offer in just day of delivering the required information. This information included:

  • 4 months of bank statements

  • Management accounts

  • The circumstances behind a previous failure

Once we arranged the finance deal, the Company Director said that the interest rate was a disgrace. He believed that it was far too high at 16%. I had every sympathy(we cannot control market conditions), and I explained with the past failure and the current credit rating that was the best we could do and that it really was a good deal.

He told us that the banks were offering loans at a quarter of this rate, and that he had seen many finance companies offering rates around 5 or 6%.

I tried to explain that his type of loan request was not for the High Street Banks.

When finance companies offer rates at 5 or 6%, this is aimed at the mythical‘ideal customer’ - it is largely an advertising rate put out there in order to attract customers to apply.

This gentleman came back to us about 10 weeks later, and he wanted to move forward. “I have been thinking over the offer and I have decided to take it.” Not so easy.

New and Easy Business Loans secured on your book debt- No Personal Guarantee

No commitment or monthly fees. Choose an invoice or multiple invoices and receive the money the same day. Collect the invoices yourself, and no personal guarantee is necessary.

This led to 3 issues he had not considered:

  • When a Finance Company makes an offer, it is only valid for a limited period of time. If it is not taken, the offer is withdrawn. If you go back to them later their current lending criteria could be different. They might be looking to reduce exposure in your industry sector, or they might have reached their risk bracket for riskier cases.

  • Unfortunately, this individual had applied to several finance companies and banks, and this left behind a credit search footprint each time. When the Underwriters see this, it triggers the question within their minds–‘what do they know that I don’t know?If this loan fails, how will I justify making the loan when I knew that others had turned it down?’

  • I had originally gone to the right finance company right off the bat, and I knew their lending criteria at the moment I proposed the client.

I am afraid to say that there was no happy ending. I did secure finance for him, but it was significantly more expensive. If only he had taken the original offer – it would have been a much better deal for him.

You need expertise and guidance.
I can help you secure finance, and I am ready and waiting for your call.

I am a very lucky man. I happen to love what I do, so don’t worry about wasting my time - just pick up the telephone and call me on 0800 612 5364.

I look forward to speaking with you,

Mark Smillie

Mark Smillie with Mother Teresa

The  Note was handwritten for
Mark's newborn son George.


Why Our Clients Use Us

"Having used brokers before, I didn't expect Mark at Ringrose Business Finance to achieve a better interest rate than I could get from a bank directly. But he definitely delivered with a brilliant rate of 5.4% - I thought it would be 10%. And the loan was all sorted out within a week. Fantastic service - I'm glad I decided to give Mark a chance."  

Simon Jewell

Director, The Pilot Inn

UK Acoustic Systems Ltd are recognised as one of the leading providers of soundproofing and sound absorption solutions for the commercial, leisure, educational and residential sectors

I have used Mark Smillie for business finance for the last 3 years, he surrounds himself with a contact list of "Can Do People", apart from business finance I have found Mark a very good sounding board for various business matters. He is also a pleasure to deal with, I cannot recommend Mark highly enough.

Mark Wilkins

Uk Acoustics Systems Ltd

We are a market leader in CCTV and supply Worldwide, when we take on new work we always wish to have suitable finance in place. We have been receiving Mark's emails for some time, I rang him on a Tuesday. He said he would make this as painless as possible, we had an approval on Wednesday morning and funds in our account on the friday. My time is valuable to me and I like dealing with people who excel in giving their clients excellent service as we do.

Steve Baker

Genie CCTV Ltd.

"In my constant strive to make my restaurant the best it possible can be, I occasionally need business finance. Should your business need finance I can recommend Mark Smillie he knows how to get the job done."

Fernando Stovell

Stovell's the Waitrose Good Food Restaurant of the year for the South East, and with four AA rosettes.

My experience of Mark is getting to grips with a distressed situation, quickly and effectively ; and making common sense recommendations on how to take forward ( or sideways ; as the case may be )

Mike Stubbs

Partner at Mishcon de Reya

We are well established profitable boutique post production company in Soho, we applied to the Bank for a facility prior to speaking to Mark Smillie, with his assistance, we now have finance in place and still have not heard back from the Bank.
If you are looking for business finance without the hassle then give Mark a call.

David Tasker

Platform Post Production Ltd

We first spoke to Mark Smillie over a year ago with regard to Finance which he arranged quickly and easily for us. What impressed us again when we spoke to him about two weeks ago, was that like our Company philosophy he truly cares about delivering the best services possible, we wish him well and it is great dealing with people who genuinely care.

Andrew Kirkey

OSV Limited-Professionals in Vehicle Supply

We started three years ago and provide "Quality Plastering and Rending Services", our focus has been on quality and doing the best possible job. Our reputation for quality and finishing on time is now bringing in much larger contracts.
I approached a leading builder and devloper and he told me there was one person to go to for business finance.
I spoke with Mark Smillie on Tuesday morning, he told me about a new type of business finance. I applied on Wednesday evening, mark contacted the CEO of the finance company and we were given an excellent line of credit at a great interest rate on the Friday morning of the same week. I struggle to believe it was that quick and easy,
I can confirm Mark is the "Go to guy for business finance"

Aaron Fox

C&A Finishes Ltd