Depending on the nature of your business, the assets concerned could be anything from basic office equipment to a fleet of cars or vans.
Many asset finance arrangements are hire purchase contracts which give you immediate access to assets that you only own outright after completing a series of payments, for example, over one or two years.
Others are straightforward leasing agreements with which you pay to rent the assets concerned but do not own them at the end of the term.
Businesses that already own assets but are struggling financially can also borrow against those items using asset refinancing while continuing to use them.
The bridging finance sector has grown dramatically over the last 5 years. In 2011, it was worth £750 million in but is now valued at around £4 billion in the UK.
Bridging is a type of finance used for businesses to ‘bridge the gap’ and pay for a large purchase where there is a strict time deadline. With loans available for up to £25 million and only lasting a maximum of two years, the idea is that the loan will either be repaid upon the sale of something or is used before more finance becomes available.
Funding that allows you to make purchases and pay suppliers before you've received the cash from the sale.
Why pick trade finance?
It's the perfect fit when needing to pay a supplier up front to fulfill a large sales order or opportunity
How does it work?
We pay the supplier on your behalf so you get the goods. Then you pay us back when you make the sale.
The raising of finance on a Limited Recourse basis, for the purposes of developing a large capital- intensive infrastructure project, where the borrower is a special purpose vehicle and repayment of the financing by the borrower will be dependent on the internally generated cashflows of the project
Peer-to-peer business lending is a relatively new concept – but one that’s growing fast. If a business is searching for a loan, a bank would be the first port of call. The bank will assess your business based on your business plan, credit worthiness, etc. If you are successful, the bank will lend you the agreed amount at a rate of interest set by the bank.
Invoice financing - a general term used for asset-based lending products that allow companies to finance slow-paying accounts receivable.
A commercial mortgage is any loan secured on a property which is not your house.
A commercial mortgage is a mortgage loan secured by commercial property, such as:
A business loan is a loan intended for business purposes. As with all loans, it involves the creation of a debt, which will be repaid with added interest. There are many different types of business loans, such as: