We have upgraded and improved the results from our Commercial Mortgage Loan Calculator as a free benefit for all our web site visitors.
As well as returning the costs for the mortgage interest rate input, the calculator now also gives an example of the costs if interest rates were to rise or fall by 2%, subject to a minimum rate of 1%.
It seems perverse that the main banks are calling in overdrafts or imposing arbitary credit limits for say an invoice factoring facility on businesses that are growing. This is despite being rescued by the taxpayer (some of them at least), on the condition that they lend "normally", whatever that means.
In fact one of those rescued banks has in fact withdrawn a commercial loan offer for a MBO at the very last moment due to "market conditions". This is for a business that should trade well and actually grow in the hard times that face us.
Yes, there are in fact many companies that will grow even during a recession! It's perhaps too early in the rescue process to pass judgement on the banks, so let's hope they don't make things much worse than they need to be!
When searching for Commercial Loans to raise capital for your business the closest you can get to a 100% finance option is Business Leasing! Typically one monthly rental payment suffices as a full deposit to purchase that new asset such as equipment, plant or machinery. The cost of installation, maintenance and warranty could be added to the loan too!
If your company needs new equipment then business leasing could be beneficial. Some of the circumstances where leasing could be the logical choice are:-
For more information we recommend further reading at our specialist Leasing Finance pages.
Most bridging lenders emphasise their speed of service when advertising short term loans. Providing funds within 24-48 hours from application to completion shows the flexibility of non-status bridging loan products and the providers. Can a property deal really be financed in such a short time-scale? Well, the answer is yes, but I wouldn't bank on it!
To achieve such a fast loan completion much of the background work needs to be already available, such as a property valuation that is acceptable to the potential bridging lender with most of the necessary legal work ready and waiting at your solicitors, i.e. search, title deeds etc. Representatives of both the lender and borrowers need to be in a position to move quickly. Even when everything is available things can still go wrong, for example, an unexpected question arises from the documentation provided.
Our simple recommendation is not to get into the position of needing a bridging loan in such a short timescale, even where a more relaxed 5-10 day timeframe is available, the unexpected can cause delays. Where a customer needs to raise cash and a high speed bridging finance solution is the correct loan option then the borrower should minimise the risk of delay by keeping in control of what is in their own domain i.e. own solicitors and providing all requested information at the start of the process as delay here can extend time to completion resulting in a missed deadline.
If you need finance quickly then a good bridging loan broker should be able to help reduce the potential for delays.
One of the main unsecured Payroll Finance Lenders in the UK temporarily stepped out of the market place last week leaving just one active lender. This payroll lender currently expects to return once new funds have been raised, maybe in a couple of months.
UK Businesses in their quest to raise working capital are increasingly turning to equipment leasing and more specifically selling and leasing back existing assets. This financing method is typically a much easier way to generate cash for a company and expect requests for leasing to increase in popularity over the coming months. Of course all the main benefits of leasing such as the tax advantages are the same whether equipment is new or re-financed!
Many UK property development lenders in the highly geared loan market are now sitting on their hands and not lending. However 100% funding is still available although severely restricted in supply. One of our 100% residential property development loan lenders has an appetite and positive lending attitude for part completed developments bought below market value from receivers.
If you are a UK developer who has identified such a property based opportunity then we would like to hear from you via our main web-site.
Eland Business Services Limited are Property Development Loan Brokers.
UK Businesses seeking to enhance cash flow or increase working capital usually turn to traditional methods of financing such as invoice discounting or factoring. Payroll Finance is a smart, modern, unsecured lending solution that can make available cash equivalent to 2 months of a company's wages or salaries bill!
As a company payroll loan is totally unsecured it will not affect any other financial arrangements a business may have. What's more the company will still be in a position to take advantage of any other commercial loan that may be required. Costs involve a monthly service fee plus interest on any outstanding amount.
A company with a trading history and accounts could raise cash by rolling over wage bills for any business purpose in as little as 2 weeks! For more information on payroll finance and the cash flow alternatives visit Cash Flow Finance and discover your business options.
