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Commercial Finance
Commercial finance covers a wide range of lending facilities for an equally wide range of commercial propositions.
We not only provide all manner of funding for commercial purchases and remortgages however large or small, we also have access to corporate finance including mergers, acquisitions and development finance
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Click to Download
Commercial Loans
Application Form.
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For companies seeking financial strategies for new projects or because of troubled times, we have teams of experts who work with us to tailor your customers’ requirements to meet their objectives.
For any commercial enquiry, we have a huge variety of answers and solutions.
We charge an upfront commitment fee of £350 on commercial property mortgages, which is non-refundable once we confirm the case can go ahead. We also charge a 1% completion fee (minimum £1,000, maximum £10,000). We pay a broker fee of half the procuration fee received from the lender.
Bridging Loans
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Click to Download
Bridging Loans
Application Form.
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Bridging loans are usually seen as a temporary way to alleviate cash shortfalls when outlaying large amounts of money and waiting for other sources of finance.
Short term bridging loans can provide invaluable help in cases of temporary cash shortfall and can be used for a number of reasons:
- Purchase of a new property before an existing property has been sold
- Residential or commercial
- Purchase a property for improvement or extension then resale
- Auction purchase
- Complete purchase of an overseas property
- Capital raising
A bridging loan is usually for a period of 3 and 6 months, however a longer term may be justified under certain circumstances.
For more information, contact us on 01244 674 411.
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Factoring
Factoring has become an increasingly important “must have” facility for any invoice-raising business. Its prevalence has increased exponentially for the last 2 decades and has provided a godsend for any business suffering from cash-flow problems. It is the only financial instrument enjoying growth in this financially impaired market.
Debtors are rarely in a hurry to pay and that can interrupt trading in all sorts of ways. Factoring allows businesses to enjoy payment in advance secured against a debt ledger at much more favourable and flexible terms than a bank overdraft.
We are all aware of the banks’ reluctance to provide overdraft and credit facilities in this climate, and this has inevitably brought factoring into its own!
Factoring is also the perfect vehicle to reduce or pay off difficult and irksome business overdrafts !
Please note our bullet points below illustrating the benefits available to your business clients through factoring.
In straitened times, this may just be what your business clients are looking for!
- Financial markets are retracting but Factoring is a unique growth area
- Excellent cash-flow solution for invoice raising companies
- No need to wait for payment on an invoice
- Advances up to 85% of value of debt ledger
- Rates rarely more than 2% above bank base rates
- Draw down funds against debt ledger at anytime
- Far more flexible than overdrafts
- Debt collection part of the service and sensitively dealt with
- New debtors vetted
- Department of Trade and Industry think at least 250,000 companies should be using factoring.
- Ideal for companies with turnovers between £200,000.00 and £20,million.
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