Commercial loans are similar to personal loans, except because they are geared towards businesses and business entities, they are available with improved terms and can offer access to funding of up to several million pounds. Choose between secured and unsecured loans, look for the terms that favour your business and business efforts, and choose from a host of lenders, including high street lenders and specialist commercial financial groups.
Loans can be used to ease cash flow problems. While some businesses are reluctant to borrow for this reason, a common cause of cash flow problems is expanding or growing too quickly. Borrowing money, via a commercial loan, can enable you to fund this growth and to help stabilise the business.
A2B Finance deals with many different lenders and finance companies. Call us today to speak to one of our advisors. They will be able to help you find the most appropriate form of business financing, and help you to arrange your commercial loan.
Mortgages are one of the most common forms of commercial loan. They are used to fund the purchase of property, or they can be used to replace an existing mortgage. For this reason, a commercial mortgage tends to be for a large sum of money, and you can borrow for a period of up to 30 years. The mortgage is secured against the value of the property, and this helps to ensure that you get lower interest rates than with other forms of commercial loan.
Mortgages are one form of product that is secured against the financial value of an asset. Other asset based lending products enable you to borrow against the value of assets like machinery and equipment, or even your invoices.
Unsecured loans are not secured against any assets. This means that there is greater risk on the part of the lender. Therefore, you should expect to pay more in interest, with an unsecured loan, than you would with a similar secured loan.
There are many potential uses for a commercial loan. You can buy property. You can also buy machinery and equipment to help develop the business. You can fund growth by paying for additional space, buying extra equipment, and meeting the costs of recruiting new team members. You can use loans and other forms of finance to help manage debt, or you can use it to relieve the pressure on your monthly cash flow. If there’s a business need, then there’s a commercial loan to match.
A2B Finance specialises in finding commercial loans and commercial products for businesses like yours. Our team can determine your needs, assess whether you have any assets to secure a loan, and we can help complete the application for your loan. Call us today and speak to one of our team to get the ball rolling.