Secured Loan

By using a commercial asset, such as property, equipment or land, as security against your loan, you could access a high value secured business loan. This form of lending is also known as asset-backed lending; the amount you can borrow, along with the interest rate and repayment terms, are favorable for businesses that own tangible company assets.

The Benefits of Secured Loan?

It is often cheaper to repay a secured business loan than an unsecured business loan as the repayments and interest rates are generally lower. Our lenders offer greater flexibility with their funding arrangements and can offer generous repayment terms of up to 10 years.

  • Larger loan amounts from £25,000 up to £2m+
  • Longer periods to repay up to 10 years
  • Lower interest rates and repayments
  • Works with poor credit history
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Unsecured Loan

If your business doesn’t own many assets but needs funds quickly, an unsecured business loan offers you a quick and easy funding solution. Unsecured business loans are becoming an increasingly popular funding option amongst business owners due to their competitive rates, flexible terms and the speed at which funds can be made available.

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The Benefits of Unsecured Loan?

If you need a quick injection of cash for your business without offering the security of an asset, an unsecured business loan could offer the fast, flexible and easy funding solution you’ve been looking for.

  • Borrow from £2,000 up to £1 Million +
  • Does not require any asset security
  • Flexible repayment terms from 1 month to 5 years +
  • Minimal paperwork required
  • Funds can be released quickly after approval
  • Short to medium term lending solution

Merchant Cash Advance

A merchant cash advance is also known as a business cash advance is a short-term unsecured cash injection that is loaned against your business’ future credit and debit card sales.

It’s not like a traditional unsecured business loan product as there are no fixed monthly payments to worry about. It’s more flexible and works in line with your business performance. This is funding option suited to businesses that process card payments through a PDQ Card Machine or Merchant gateway facility. If you own a merchant terminal and take card payments then this product may well be perfect for you.

The Benefits of Merchant Cash Advance?

Merchant cash advance has many benefits for a business including:

  • Only pay back on future credit and debit card sales
  • Works in line with your cashflow
  • Unsecured cash injection (no assets required)
  • No fixed monthly terms
  • No business plan required
  • High approval rates
  • Less paperwork and hassle
  • Works with your existing PDQ provider
  • Borrow £2,500 to £500,000
  • Same day decision and funding
  • Your cash sales are safe
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Start-up Finance

We know it can be hard to raise finance for a new business, that’s why we have our specialist Business Start-up Mangers on hand to help you obtain the best loan for your new business. Our Business Start-up up Managers can help you with impartial advice have the and business knowledge to source your funding. We can help you put together business plans, cash flow forecasts and projection led data which lenders may ask to see before agreeing to your new loan.

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What we can offer?

  • You can choose a loan amount of between £2,000 and £50,000 over 12 months to 5 years, so it’s a versatile way to fund future projects.
  • Know where you stand.
  • Fixed monthly repayments minimize the impact of large purchases on day-to-day cash flow.
  • Your interest rate and repayments are fixed for the life of the loan.
  • You decide what the loan is used for.
  • Choose your repayments term; repayable over 12 months to 5 years

Asset Finance

Asset Finance is funding secured against business assets, from equipment and machinery to vehicles. It is a way to release cash which is tied up in business assets, for you to use elsewhere.

Hire Purchase

Hire purchase enables you to secure ownership of the assets. The cost of an asset can be spread over its useful working life and paid for out of the revenue it earns. Payment patterns can be tailored to suit individual needs, generally involving a deposit followed by a series of monthly or quarterly instalments. Customers can choose between a fixed rate or base rate hire purchase.

Lease Finance

A leasing agreement gives a business full use of an asset for an agreed period of time at an agreed monthly or quarterly rental. The funder will purchase the required asset, claim any available capital allowances or writing down allowances and pass the full benefit on within the lease rentals.

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Funders have different leasing plans, each designed to meet the requirements of specific circumstances.
Paying cash outright for capital assets can be a significant drain on your working capital, and waiting for cash from your receivables also restricts growth.

Invoice Finance

Invoice finance enables you to release the cash tied up in outstanding invoices, so you don’t have to wait weeks or months for payment. Invoice finance is an asset-backed funding solution for businesses that regularly invoice customers. It offers a fast, flexible and convenient way to manage cash flow and get paid quickly for completed work. Rather than waiting for customers to settle an invoice, a lender will advance you a percentage of the invoice amount, usually within 24 hours. The remaining balance is paid to you upon receipt of the customer’s payment.

The Benefits of Invoice Finance?

Invoice finance offers an incredibly fast and flexible way to manage your cash flow. You can typically expect to release up to 85% of the funds tied up in your invoices within 24 hours. You can choose the best type of invoice finance for your business; you can sell one or multiple invoices and decide whether you or your finance provider will manage your credit control.

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  • Sell one or multiple invoices
  • Receive 90% of your sales invoice value immediately
  • No limits on invoice value
  • Receive the funds within 24 hours
  • Improves your cash flow
  • No dilution of equity
  • Discounting and factoring services available
  • No hassle of chasing payments
  • Confidential from your customers (if you choose)

Trade Finance

Trade Finance is for clients who need assistance in purchasing finished goods from overseas and domestic suppliers. Trade Finance fulfils matched order which has been pre-sold to good quality end customer. Funding can be for up to 100% of landed costs, including VAT, duty and freight.

The Benefits of Trade Finance?

  • We can provide letters of credit within 24 hours to supplier banks, facilitating quick transactions.
  • Your suppliers are paid on the same day goods are shipped, in the currency of choice.
  • Funding available until end-customer payment is received with supplier payments guaranteed.
  • We work alongside you through the trade cycle, from initial order to customer payment, enabling you to fulfil existing orders and accept new ones.
  • Over 65 currencies to pay your suppliers in.
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Bridging Loan

Bridging Loans are no different to long-term mortgages in that they are secured by a first charge or the second charge against your property. Because they are secured, the same steps of valuation and preparation of a legal charge deed have to be taken as with a normal term mortgage.

However, bridging loans are designed to be arranged quickly, and to run for a 1-36 month duration. Interest is taken from the loan balance at the start of the term, with the option to pay back the balance at any time, usually with no exit penalties. As loan durations increase past 18 months most lenders look for the loan to be serviced with monthly interest payments. Because interest payments are already taken from the loan balance, there are usually no affordability checks.

Development Finance

Our Development Finance is available for commercial property for new and experienced investors from a large selection of Commercial Lenders and Hedge Funds, Banks and Family Offices. Finance can be arranged for up to 90% of the development costs.
Typically, a property development loan is arranged on an interest only basis and the term of the loan is between 4 – 36 months, though longer and shorter terms are possible. The term normally depends on whether the loan is for refurbishment or for a new build property. Two stage loans are normally involved in development finance, although they are not always required together. One stage is for the land or property purchase and the other is to fund the cost of the renovation or build costs.

The rate / margin offered by the lender will vary significantly depending on the case presented to them and whether the applicant is an experienced or new property investor/developer. All applications are assessed on a case to case basis. Rates can be based on a margin above the Bank of England Base rate or LIBOR rate, or the lender may provide the option of a fixed rate.

Business Overdraft

business overdraft is a great way for mature businesses alike to establish a financial buffer that can be used alongside a range of other financing options. They are typically offered as an additional feature connected to a business bank account and allow companies to spend beyond their existing account balance.

Why use our business overdraft?

Businesses overdrafts offer an additional line of credit for use alongside your business bank account. They are one of the most popular ways for businesses to source additional lending and come with a range of advantages, including:

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  • Quick and Easy Application – Apply for business overdrafts online through your profile and receive carefully underwritten decisions in just a few business days.
  • Flexible Credit Limit – We can offer you between £10,000 – £500,000 credit limit as your business needs evolve in order to get the maximum possible benefits to support business growth.
  • Online Management – Monitor your credit limit, view transactions, make transfers and more by accessing your overdraft facility through online business banking.