Last autumn’s market turmoil and the subsequent 14 consecutive base rate rises by the Bank of England have dramatically changed the commercial lending landscape compared to 12 months ago. So, if you’re considering buying or expanding a business, how likely will you get bank finance? Here’s how the UK bank lending market is currently looking:...
Read moreIf you’re looking to purchase a business and need financing to make it happen, there are numerous ways to fund your business acquisition. It can be a complex process, but with careful planning and consideration, you can secure the necessary funds to acquire your desired business. Here’s a summary of the common methods for financing...
Read moreWorking with a commercial finance broker can save you valuable time and may open up deals you couldn’t access independently. Finding the right commercial finance broker can transform your business prospects, but as there are so many to choose from, here are some tips on selecting the right one. What to look for in a...
Read moreAs any business owner will tell you, having access to cash flow and working capital is essential to maintain and grow your business. Without adequate working capital, you might struggle to take on new projects, hire additional staff, or pay suppliers. Thankfully, however, several options are available to increase your working capital if your cash...
Read moreInvoice finance, or factoring, is a financing solution that allows businesses to access funds by selling their outstanding invoices to a lender at a discounted rate. This guide will walk you through the process of invoice finance and provide key information to help you understand this financing option. There are two main types of invoice...
Read moreIf your business needs finance, the default scenario is to go to your bank. However, the days of having a dedicated bank manager who knows your business inside out and can get you the loan you need are, unfortunately, behind us in most cases. So, what’s the alternative? Instead of seeking a bank loan, you...
Read moreBridging finance is a short-term loan (typically 12 months or less) that provides an immediate cash boost. A bridging loan could be beneficial if you need a short-term loan or access to finance quickly. However, as with all commercial finance options, bridging finance does have some drawbacks. Here’s a summary of the pros and cons...
Read moreWhen it comes to commercial mortgages, many business owners wonder whether their personal credit score plays a significant role in the loan approval process. While commercial mortgages differ from personal mortgages in several aspects, your credit score can matter when applying for a commercial mortgage, though it will depend on the type of finance you...
Read moreIf your business has a commercial loan, then you should regularly consider whether refinancing can help improve your financial situation. It could provide you with the opportunity to secure improved terms or achieve specific objectives. However, it’s important to approach refinancing with careful consideration. In this short guide, we have outlined the key factors to...
Read morePeer-to-peer commercial funding, is a form of financing that connects businesses in need of funds with investors who are looking for attractive returns on their investments. The process typically works as follows: A business applies for a loan, either directly or through a broker such as ASC, through a peer-to-peer lending platform. The application includes...
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