First business - Acorn.finance - funding for property & trading busines

Buying your first business

Start up loans | Unsecured business loans | Commercial mortgages | Secured business loans | Traditional lenders | Crowd-funding

The problems with business buying a business

The bank doesn’t like it!

Although the banks’ adverts remind us how great they are for small business, the reality can be far from it. “Wrong sector”, “No experience” or “Insufficient deposit”.

Realistic?

Most first-time business buyers just need to know what’s possible, not wait six weeks for a full lending approval.

The best rate

With most business owners going only to their own bank for a loan quote there’s very little competition. How will you know the terms they offer are the best you could get?

We have built up a great relationship with the team at Acorn, and they have made all our business purchases very straightforward.

Dennis & Maggie Cottam 3 businesses purchased with the help of Acorn.finance

The mistakes new business buyers make…

Starting in the wrong place

First look at your own skill-set before deciding what sort of business you think you could run

Pitching badly

The days of meeting the bank manager on the golf course and agreeing on a commercial mortgage in the “19th hole” are over.  Business loans are business and need to be treated as such. If you expect a bank to put money behind your business, probably twice the money you are putting in, then you need to start thinking like a business owner.

Only approaching the wrong bank

More than 60% of business owners and prospective business owners make this mistake – they don’t select their lending partner on their support for the particular sector, their customer service record or for their pricing – Most business owners choose their bank because that’s who they have their bank account with.

Falling for the "roses around the door"

The value of a business isn’t it’s idyllic location or how beautiful it is, it’s how much money it’s making (or how much it’s going to make for you!).

So – by all means you should look for businesses where you’d like to live and the right place for you, but you also need to be “head over heart” and make sure you’re not buying something which is going to  end up a money pit.  Why are the vendors selling it?

Hoping that they won’t notice any negative aspects

Applying as a limited company so that the bank won’t need a personal credit search or in a single name so they won’t know your partner’s a bankrupt is probably not going to work – lender’s have seen all the dodges before and your bank won’t like it if you keep secrets!

We don’t need a business plan – we’re buying a good business!

The business plan is an important part of any business acquisition – making an application without any sort of plan shows a lack of commitment to the purchase and, if you’re not committed why would a bank commit their money to support you?

Expecting the lender to shoulder all the risk!

If you’ve got collateral but don’t want to risk it for your business then why should the lender take a risk on you?

If you don’t have the confidence to back your business then why should they?

Working with Acorn.finance is better

The best Return on Investment (ROI)

Working with the best lender for your particular proposition means that your deposit will go further and you’ll be able to buy a more profitable business. Getting the best possible business for your money could man the difference between massive success and failure.  Of course the right business with the most potential is perfect for the some, while tweaking an already good business works for others.

It’s important to understand your personal strengths and skills before settling on which unit to purchase.

Over our 21 years we’ve funded hundreds of business purchases

Lower Risk

Buying a profitable business means less risk, even if you are borrowing more the fact that the business is already capable of paying the business loan or commercial mortgage then the risk is far lower than that of starting from scratch.

Saving you time – getting the funding you need faster

Working with the Acorn.finance experts will mean you’ll be moving forward with the loan in the bank before the competition have even got off the starting blocks.

By working together we’ll;

  • Gain an understanding of your needs, skills and experience.
  • Work with you and to find and arrange the perfect funding solution.
  • Get the right application pack into the right hands quickly.
  • Work with all the relevant professionals to ensure things progress.
  • Keep working until the day you move in, and beyond.

We’ll create a bespoke lending solution to perfectly fit your needs.

I got the best deal and the best service

Jillie Stross – past and future Acorn.finance customer

Funding options – business finance

Cash-flow funding

Very quick and easy process which has now enabled me to grow my business. Wouldn’t use anyone else!

We also arrange property finance

We have used Acorn.finance for over 20 years and can’t recommend them enough, very knowledgable, efficient, friendly and would definitely use them again

Les Kynes – past and future Acorn.finance customer

Opportunities to work with Acorn.finance

Acorn.finance work with a broad variety of introducers from a broad variety of sectors including;

  • Business transfer agents
  • Estate agents
  • Accountants
  • Solicitors
  • Mortgage Brokers
  • Financial Advisors
  • Insolvency Practitioners
  • Business Consultants
  • Coaches

As one of the UK’s leading commercial brokers, Acorn.finance is growing our regional representation.

We’re looking for entrepreneurial business to business experts to join our rapidly expanding team in order to meet our mission of Every business & Every Investor having access to the best possible funding sources.

Working with a broad selection of bridging lenders in the regulated space and Together Residential Mortgage,  Acorn.finance can package the cases your network stops you processing.

Superb service from the first phone call to the final transaction. Acorn were fantastic and we would never of got funding without them, we are now in our third year of trading and business is great.

Lisa Whitney – 5* Customer review

Contact Acorn.finance – call us free

344 – 354 Gray’s Inn Road

London

WC1X  8BP

Redwood House

Brotherswood Court

Almondsbury Business Park

Bristol, BS32 4QW,

Peter House

Oxford Street

Manchester,

M1 5AN

No 2 Wellington Place

Leeds

LS1 4AP

83 Princes St.

Edinburgh

EH2 2ER

Or complete our contact form and we’ll contact you.


Small business loan

Low minimum turnover

Flexible repayment terms

No minimum time trading

Security not always needed (only a Personal Guarantee)

Flexible facility

Extend or replace your overdraft

Use, repay and re-use the facility

Working capital, equipment, wages or growth

Merchant cash advance

Borrow against future card sales

Flexible repayment options

Pay a percentage of card sales

Less for a quiet month, more if you’re busy

Traditional lenders

As a whole of market broker we have access to the major banks and fintech lenders.

Crowdfunding

We can also access all the crowdfunding platforms offering;

Loans

Equity investments

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