Let us help you navigate the commercial finance maze.
Lenders refer to certain lending requirements as being business or commercial and normally the purpose or reason for raising the funding will determine whether the funding is considered personal, or business related.
The following outline provides some situations where commercial finance would be the favoured funding route:
Property Finance:
Commercial Units for self-occupancy, investment, or pensions fund ownership.
Non- standard residential property semi-commercial, HMO, Multi Unit Freehold Blocks, and Holiday Letting properties.
Commercial property bridging.
Development and Development Exit finance for either residential or commercial property building projects.
Working Capital, Cash Flow and Trade Facilities:
Invoice finance, factoring, and invoice discounting.
International trade finance and foreign exchange services.
Government and British Business Bank supported schemes:
We help clients navigate the latest Government and BBB funding schemes.
These schemes can be used to support business growth or in certain instances business purchases.
Asset Finance:
Hire Purchase or Leasing finance for a variety of vehicles, commercial fleets, machinery, and equipment.
The Commercial lending market is complex, as Lenders have different criteria and policies for different business sectors also, they each use specific financial analysis calculations to assess serviceability for the required borrowing.
Lenders have a variety of policies in relation to required security for facilities, interest rate options, different repayment periods, covenants in relation to ongoing provision of financial information and potential early repayment charges. A Commercial Broker can help you in the following ways:
A Broker works for you the client not the Lender, so recommendations are unbiased and focused on your business needs.
We save your time required doing research and comparing different products.
We have direct relationships with Business Development Managers working for Lenders so can get quicker responses regarding whether funding can be arranged.
We will help you understand the terms and conditions of different lending products.
We can normally negotiate the most competitive deals.
Although a broking fee will be charged when a case proceeds to formal application the benefits of using our services are considered to outweigh the costs.
The Minster Partnership Commercial Limited is a member of the National Association of Commercial Brokers (NACFB). Certain lenders such as High Street banks will only allow introductions from brokers who are members of this association. NACFB membership gives clients and lenders confidence that they are dealing with a professional who knows the market and operates to the highest standards.
The Commercial Lending Specialist at The Minster Partnership is Jo Wilmott.
