Business Loans
Secured Business Loans
Secured loans allow a company to borrow against the value of assets held by the business, such as property or machinery. The lender takes security over the assets and, should the borrower be unable to fulfil their obligations under the loan agreement such as making the required repayments, the assets can be sold to pay off the outstanding loan balance.
By offering collateral, borrowers can often access larger amounts of debt with preferable interest rates compared to unsecured loans, which do not require assets to be offered as security.
Secured business loans can be obtained for a variety of purposes, such as:
- Paying wage bills
- Acquiring new equipment
- Funding a management buy-out
- Paying tax
- Purchasing stock
- Investing in R&D
- To refurbish a property; or
- For various other purposes.
Unsecured Business Loans
An unsecured loan does not require the borrower to offer any assets as security. Given the lender will not have the same recourse as they would with a secured loan (i.e. an asset to sell) they will focus more on the credit/trading history and turnover of the proposed borrower in order to ensure they will be able to repay the loan.
Unsecured loans can be a good option for financing where borrowers have limited assets to serve as collateral, need quick access to cash and require it for a shorter period of time compared to a secured loan.
Unsecured business loans can be obtained for a wide range of purposes, such as:
- Paying wage bills
- Acquiring new equipment
- Funding a management buy-out
- Paying tax
- Purchasing stock
- Investing in R&D
- To refurbish a property; or
- For various other purposes.
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Professions Loans
Professions loans are specialist funding facilities for Professional firms such as Solicitors, Health Care Professionals, Accountants and Architects.
Given the nature of these businesses, professions loans are often used to provide working capital to a business or to pursue growth plans.
Typical uses for professions loans include:
- Alleviating cash flow
- Purchasing new equipment
- Expanding premises
- Funding costs and disbursement for WIP
- Investing in R&D or growth plans; or
- Paying tax bills.
Given their unique offerings, professional practices often have specific funding requirements that are not covered by other categories of business financing. Professions loans can provide a more tailor-made solution to professional firms.
Merchant Cash Advance Loans
A merchant cash advance is an alternative form of business financing designed to provide quick access to working capital for SMEs without having to offer security over assets such as property.
Unlike traditional loans, these facilities provide an injection of capital in return for a percentage of future card sales from a business which allows the repayments to be flexible.
For example, if in the first 2 months of repayments the card sales from a business are high, their repayments will be higher. If in the following months the sales slowdown, the repayment on their merchant cash advance will also reduce proportionally. The repayments will be complete once the initial advance and any agreed fees and interest are repaid.
Merchant Cash Advances are primarily used to provide quick working capital to businesses. However, they can be used for various purposes, such as:
- Purchasing stock
- Investing in equipment
- Paying taxes
- Alleviating cash flow issues; or
- Marketing
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VAT
VAT is a legal requirement for businesses that have a total taxable turnover of £90,000 per year or more.
Given businesses can experience cash flow issues, paying a VAT bill can be problematic, especially if unexpected bills are incurred throughout the year.
A VAT loan can alleviate this problem by providing a short-term finance facility to pay a VAT liability as it arises, avoiding potential penalties and/or freeing up cash flow for alternative business requirements.
VAT loans are normally secured loans, meaning an asset will have to be put forward as collateral.
Invoice Finance
Invoice finance is an alternative source of funding for a business that helps alleviate cash flow issues arising from the delay between when clients receive goods/services and when they pay for them.
Instead of providing security over a property or physical assets, invoice finance allows borrowers to provide collateral over amounts owed to their business via unpaid invoices, with a lender agreeing to fund a percentage of the value of said unpaid invoices, giving the borrower access to cash quickly.
Invoice financing provides quick access to working capital and can help to alleviate cash flow issues. It can be used to cover day to day expenses or to fuel growth in your firm, such as via investment into equipment or property.
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Clever Commercial: Over 30 years of excellence in property finance. Competitive rates, flexible options, and a service-first approach. Build your future with confidence.
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OUR CLIENTS THOUGHTS
RECENT TESTIMONIALS
Marc worked over many months to help me find the right financial product to suit my complicated refinancing project. Having identified the right product, Marc then worked for many more months to help me get the financing completed. I had so many issues that I had to face and at every obstacle Marc was on hand to help me to resolve it, and very often took it upon himself to do it for me. Marc went for beyond just brokering a good deal for me, he was my partner in making this happen. I could not have done this without his support. Thank you Marc for being so calm and patient and having faith when I had lost mine!
I. Knight
Marc has provided our company with excellent service and advice. He has vast experience and knowledge, and is able to advice on the most suitable lenders given our requirements.
Especially during the legal stage of the lending process, he facilitates and communicates with lenders in a way we would not be able to ourselves.
We would certainly not be where we are without his services. Highly recommended.
M. Dunn
The service provided for my bridging loan was second to none. The support I received was very professional and generous.
I would highly recommend Clever Commercial to everyone and anyone who needs a professional, caring and competitive rate for it’s loan or any kind of finance.
D. Dezfull
Marc has provided our company with excellent service and advice. He has vast experience and knowledge, and is able to advice on the most suitable lenders given our requirements. Especially during the legal stage of the lending process, he facilitates and communicates with lenders in a way we would not be able to ourselves. We would certainly not be where we are without his services. Highly recommended.
P. Strøm