Within the UK commercial finance arena there is one area where it is usually very difficult to get a business loan. That area is raising finance to Buy a Short Leasehold Retail Business.
There are very few lenders who will offer finance without additional security. It is usually much cheaper to raise finance against another property, other wise funding is only on offer at a very high "short term loan" style rate. This is due to the higher risk involved and the underlying property being available on a lease on a term that is too short to raise a mortgage.
However we can now offer a facility over 5 years, providing the lease has at least 3 years to run at the end of the loan, at a very reasonable bank base rate plus 3% starting rate. The minimum loan is £30k, maximum loan is £125k and the maximum loan to value is 65%.
For more information visit our site Short Leasehold Business Loans.
No comments:
Post a Comment