You are probably aware that there are numerous commercial lending schemes available so it is important that the correct one is chosen to meet the needs of your business. In this respect, in this section of our website, you will find information about a number of lending schemes that we trust you find of benefit.
So, if you are looking to purchase some commercial premises with the help of a commercial mortgage or invest in new machinery supported by a business loan you have started your search in the right place.
Please select a service from the list below for more information.
When Is A Business Overdraft Facility Cheaper Than A Loan?
As a general rule, the interest rate charged by a bank or building society for a business overdraft is higher than for a business loan. Therefore, you probably think that you will end up paying more interest on an overdraft facility than a loan. Well, this is not always the case but why? Let us […]more
Almost A Third Of SMEs Provided A Personal Guarantee
A significant number of SMEs require business finance to help support the business in some way. Whether it be a business loan to help fund the purchase of premises or an overdraft facility for working capital purposes perhaps to be used to purchase additional stock leading up to Christmas. On occasions, the bank or other […]more
Positivity Amongst Commercial Mortgage Brokers
Shawbrook Bank’s Broker Barometer has revealed a lot of positivity amongst commercial mortgage brokers here in the UK about 2020. It could be argued that this sort of news bodes well for businesses seeking finance whether it is by way of a commercial mortgage or some other form of funding such as a business loan. […]more
Should You Repay A Business Loan Early?
When you take on a business loan to support your business in some way whether the monies are to be used for say property purchase or buying machinery you will agree a repayment term with the lender usually over a number of years. It is quite likely that the loan will run its full term […]more
What May Happen If You Don’t Keep Up Repayments On A Business Loan?
When you take on a business loan it is important that you are confident that your business is able to maintain the repayments. What are some of the potential consequences if you are not able to do so? Legal Action – if you default on the loan then the lender may take legal action against […]more
What You Should Not Use A Business Overdraft For
A business overdraft facility is really designed to provide you with finance on a short-term basis. For instance, it could be used to purchase stock that is turned over quickly so that, ideally, your business current account fluctuates into credit on a regular basis. However, it should not really be utilised to meet a long-term […]more
Why Is The Repayment Term For Your Business Borrowing Important?
There are a number of factors that need to be considered when applying for business finance one of which is the term over which you want to borrow the money. So, why is this an important aspect of borrowing money? Well, the number of years over which you repay say a business loan or a […]more
Do You Need A Deposit With A Business Loan?
If you are looking to buy commercial premises for your business to operate from whether it be a garage to carry out servicing and repairs to motor vehicles, a shop premises to sell fruit and vegetables or office premises to run your solicitor’s practice from then it is quite possible that you may require support […]more
Are You Struggling To Repay Your Business Debts Due To Ill Health?
There are a variety of reasons why a business owner could be struggling to meet its business liabilities. It could be due to adverse trading conditions affecting the business’s performance or problems with collecting in debtor monies. It could also be due to the ill health of the business owner meaning that he or she […]more
Is There A Benefit In A Lower Loan To Valuation (LTV)?
If your business is seeking finance over the medium to long term perhaps to purchase new premises then is their any advantage in contributing more of the business’s funds to the purchase resulting in a lower level of borrowing being requested? In short, the answer may be ‘yes”. When you approach your bank or other […]more