For most UK businesses the first step when looking for funding is to contact their bank. Many assume that “The Bank” will provide finance on the best possible terms because of the existing relationship between the business and their bank.
In fact, this is rarely the case and often the opposite is true. Banks and bank managers are sales target driven and will seek to provide business finance on the best possible terms for the bank and not the customer. The reality is that this can mean additional fees, bigger deposits and interest rates which are higher than the risk warrants. In addition most banks will seek to lend over shorter terms usually on a repayment basis only.
Thanks to recent changes in the commercial mortgage and finance market, there is now an alternative. Specialist commercial lenders offering speed, flexibility and simple funding solutions for businesses of all sizes. These more flexible commercial mortgages and finance are available for any legal purpose and can be secured across a wide range of property. Whether you're looking to restructure your finances, purchase a business or just need a cash injection; as specialist commercial finance brokers we can help.
Call us today for a better deal or visit our website above.
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