Business loans for cash-flow, expansion or fixing business problems!
The right business loan for you.
The right business loan?
Getting the right business finance is vital for the continued growth of your business
Unlike the big banks we’re not offering a “cookie cutter” loan. A business loan should fit your business, so contact us to find out how we can help you.
Why Acorn.finance for your business loan
We’ve been arranging funding since 1997 and, if you’ll forgive us for boasting but we think we’re quite good at it!
In fact – 7 x UK Best Broker Awards back us up in that assertion, so does our 5 star customer feedback.
So -for your buy to let mortgage needs, or anything else funding – make sure you use a broker you can trust.
What are business loans used for?
For cash-flow, business development, stock or growth, a business loan could be ideal.
Any business need that requires funds you don’t have can be met with a business loan.
If it’s an ongoing cash flow issue, other products might be available so even business turned down by other lenders can get the funding they need to grow.
In fact – so long as it’s legal you can probably raise funds to do it!
Alternatives to a Commercial Mortgage
In terms of the interest rate and repayment profile the mortgage is generally the best option for financing property.
Of course there are situations when a business mortgage won’t be available – you can see the general requirements for a successful mortgage application below.
If a Commercial Mortgage is not currently available for some reason then a bridging loan or business loan could be a good alternative, contact our specialists for more help.
How to get a business loan
The general requirements for a successful commercial mortgage application are straightforward and similar across all lenders;
- Who is the applicant?
- What are the funds for?
- How will the funds be repaid?
Different lenders will set different height “bars” for each of the three requirements. For instance some lenders might require significant business experience or set a high debt servicing cover requirement (DSCR – profit compared to mortgage payments.)
For more information on how to get a business loan click here. (Coming soon)
Bridging loans for businesses – if you have some security?
There is a variety of circumstances which could make a business loan unavailable, these might be around the applicant, the business or around the property.
Bridging finance can be used to meet a number of these areas;
- Property improvements.
- Starting up a business in the property.
- Business development.
- Short term funding needs for other reasons.
A more flexible alternative to a commercial mortgage, especially a remortgage could be a business loan. The requirements for a business loan might be less stringent, especially around the property.
Because the repayment term of a business loan (especially an unsecured loan) will be much shorter – the repayments will be much higher, even for a smaller amount (Using our mortgage calculator compare a 25 year term to a 5 year term and see the difference in repayments.)
Contact us now on 0808 164 2364
Acorn.finance – 4th Floor, Silverstream House, London. W1T 6EB