1. Unsecured Business Loans...
- An unsecured funding facility from 5k – 350k.
- Cash for any business purpose. It could be to grow your business, pay a VAT bill or to assist cash flow, it’s up to you!
- The funding is approved based on the financial strength and trading history of the business. Typically a decision within 24-48 hours.
2. Secured Business Loans...
- A secured funding facility is secured against an asset.
- A secured business loan is just as it sounds, a lender will look to secure the loan against any asset. These may be stock, plant, machinery, vehicles or property. The loan can either be used to fund a business in general and secured against all assets or alternatively be assigned to a certain asset and purpose.
3. Second Charges…
- If you are looking to release the equity from your Residential, Buy To let, or Commercial / Semi Commercial property (for business purposes), onto a Term Loan, we can help you through the whole process.
- Typically a lender will lend 65% – 70% of the value of the property. In some cases, without the need for a physical valuation, depending on each individual case.
4. Merchant Cash Advance...
- Specifically designed for retail and hospitality businesses, a Merchant Cash Advance is an incredible funding option for businesses that use a PDQ (chip & pin machine).
- A business can receive a funding facility based on the monthly card volumes.
- The lender doesn’t charge an interest rate and instead charges a facility fee on top of the funds advanced. This means that there are no monthly payments and there is no maximum term.
5. Revolving Credit Facility...
- Revolving credit is a flexible finance facility allowing a business to take out the money as and when it needs rather than in a lump sum all at once.
- You can overpay, settle early and is fully flexible.
- Many businesses favour this approach as it means they are only paying charges on the portion of the facility they use.
6. Bridging Finance (Status & Non Status)...
- Bridging Finance is a short-term loan, that you can use to secure funding against a Residential, Buy-To-Let or Commercial / Semi Commercial property. It “bridges the gap” while you’re organising your longer-term finance.
- Bridging finance loan terms are typically from 1 month up to 18 – 24 months, although we can also facilitate an “open ended” term for our clients, so there is no pressure on you to exit the loan, which tends to serve as a very practical option.
- In some cases, we can facilitate the funding, without the requirement for a physical valuation, to speed up the traditional process, depending on each individual case.
- We can facilitate funding for investors who are buying “below market value” and wish to obtain funding against the actual “market value” of the asset, which can assist you with the initial acquisition costs.
- We can also help facilitate a bridge loan, with a “built in exit”, for a further 1 – 2 years, after the initial bridge term expires, also a very popular and practical option.
You may need a Bridging Loan when...
- You’re purchasing a property at auction or on a tight deadline and don’t have time to organise long-term finance,
- You need to release some of the equity from a property that you already own,
- You want to raise capital for property refurbishment projects, or any other business purpose,
- You have a tax liability,
- You need to act quickly in any financial matter.
7. Asset Finance...
- Asset Finance allows you to purchase a Van, Car, Equipment & Machinery your business needs right now without having to find the cash to buy it outright. If you need it now, we’ll help you find a lender who can offer you a finance facility and spread the costs.
a) Hire Purchase.
- If you want to buy the equipment – use hire purchase, and you’ll own the asset at end of the repayment term.
b) Lease Agreement.
- If you’re just looking to lease the equipment over a certain period – then leasing is what you’re after.
8. Commercial Finance...
- Commercial Finance allows you to purchase or re-finance a Commercial or Semi-Commercial asset, such as a Shop, Land, Pub, Restaurant, Hotel, Warehouse, Factory or Office space and many more types of assets. Whilst we facilitate lending for all types, there are also other property types and scenarios we can assist with.
- Our comprehensive panel of lenders will look at a variety of cases, such as:
- Portfolios
- Unusual Property Types
- Mixed Use Properties
- HMOs
- Blocks of Flats
- Expats/Foreign Nationals/Overseas Clients
9. Invoice Finance...
- Invoice Finance eases your cash flow challenges, by allowing you to have the cash owed to you before your clients or suppliers pay their invoice.
10. Lifetime Mortgage…
A Lifetime Mortgage is becoming increasingly popular and serves a genuine purpose for people who can benefit from this type of a solution. It is a financial product designed to enable homeowners aged 55 and over, to borrow money against the value of their home while retaining full ownership of the property for life.
If you own a property outright and require a lump sum to see you through your old age, or perhaps you would like to help your loved ones in your lifetime, then this could be a suitable option. Or if you have reached retirement age, mortgage term has come to an end, you are unable to re-mortgage due to either age, income or poor credit profile – then a Lifetime Mortgage might be a suitable option for you, depending on your age and the amount you owe on your mortgage.
If you’re wondering how a Lifetime Mortgage works, whether you qualify for one, speak to us and we will be happy to discuss if you qualify, and then make a referral to move the process forward.
How does a Lifetime Mortgage work?
The process typically takes 8 weeks.
A Lifetime Mortgage is designed to last your whole life, with interest rolled up and paid upon death.
There is no obligation to make any monthly payments until you are alive, but there are options to pay on a regular basis if you wish (monthly or annually), to ensure the amount borrowed does not increase.
You can typically overpay 10% of the amount borrowed each year. Depending on which route you choose, the amount borrowed plus the payments, do not need to be repaid until the youngest person (if jointly owned between Husband and Wife) has passed away. At the end of a Lifetime Mortgage, the amount will need repaying, usually from the sale proceeds of the property.
Although the amount owed can also be repaid from other means. Perhaps your estate is worth more than amount owed, it could be repaid from the estate, or the property can be refinanced should your beneficiaries wish to keep the property.
There is more than one option to clear the loan upon death. We would be happy to discuss with you and give you the options available.
