Business funding solutions can take many different forms and as business finance brokers we specialise in advising not only on what format to use but also which lender is best placed to meet your needs.
Whatever you buy for your business, the better your information, the better your decision. Business finance is no exception…
Long term secured business loans can be an ideal way of funding your business. Many secured loans are in effect bridging finance with a short term and high monthly repayments. We can offer secured loans of up to 10 years. The longer term means that the monthly repayments are more manageable and as a result you have less pressure on your cash flow.
So what are the criteria for a secured loan?
1. You need to be a business.
2. You need to have property that you can offer as security. This can be residential or commercial.
3. Typically we can generate up to 70% of LTV less any outstanding mortgages and charges.
The loan can be used for almost any purpose and can even be used for businesses that are in turnaround subject to demonstrating affordability. It can be a great solution for businesses that are light on fixed assets as it allows personal properties to be used. It is also a very good option for start up businesses or businesses that don’t fit the typical criteria for business finance facilities.
Funding Solutions can offer a full range of financial solutions to businesses and we can discuss all your options so that you can make an informed decision.