31st August 2021
When used correctly, taking out new finance for your company can be a great way of investing in new equipment, improving working capital and cash flow, as well as facilitating growth. When it comes to securing funding for your company there is not a one size fits all solution. Commercial finance comes in a variety of forms, ranging from asset finance, invoice funding, through to traditional loans from high street lenders.
The type of funding which will be right for your company will depend on a range of factors, including the amount you want to borrow, what you will use the funds for, as well as your ability to repay and over what time period. Our commercial funding specialists will take the to assess your needs, before scouring the market to secure the most appropriate channel of new finance at the most competitive rate possible.
To find out how we can help your business access the funds it needs, contact our commercial finance experts on 0800 063 9251.
As a business grows, the need for updated tools and machinery can be the difference between staying at the forefront of your field, or lagging behind unable to keep up with demand. Asset finance is a funding option which sees loans being secured against an asset owned by the borrower. As this is a type of secured borrowing, the interest rates and terms offered are often more competitive than those offered on unsecured loans.
Bridging loans are a type of short-term property-backed finance, typically used to support a business with their need for temporary funds. The aim is to ‘bridge’ the gap between a debt falling due, and the main line of credit becoming available.
Whether you need the money to finance a major growth product or to purchase stock, a business loan could be the solution you are looking for. The market is varied, with both high street banks and challenger banks offering loans for any purpose. Loans can be taken out on a short-term basis or can run for longer, depending on the amount you wish to borrow and what you plan to use this money for.
The aim of business recovery is to rescue your business and return it to profitability. A full review of the business will identify any operational and financial challenges you are facing. There are a range of recovery options that can be implemented, dependent on the financial health of your business, such as debt restructuring, turnaround and interim management.
Invoice discounting is an invoice finance facility that allows business owners to leverage the value of their sales ledger. When you send out an invoice to your customer, a proportion of the total amount becomes available from the lender to provide an invaluable source of working capital throughout the month.