A business credit score is a key gauge of financial health and it plays a huge role in determining future financing prospects. A credit agency will assess payment history, level of debt, company structure (e.g. limited or sole trader) and any public records (such as CCJ’s). A score is then generated which a lender will…
read moreChoosing between asset finance and a traditional business loan is simple, it comes down to a business’s cash‑flow needs, collateral availability and desired flexibility. The following provides a bit more detail to help with the considerations. Asset Finance Pros Purchase essential equipment (vehicles, machinery, technology, etc) without draining cash flow. Assets themselves act as collateral,…
read moreInvesting in commercial property is a positive move for business owners looking to secure long-term stability, build equity, and reduce rental costs. Instead of leasing, owning business premises through a commercial mortgage can offer significant financial and strategic advantages. There are several reasons why: Build long-term equity When purchasing a commercial property, every mortgage payment…
read moreWhen choosing business finance, one of the biggest decisions is whether to opt for a fixed-rate or variable-rate loan. Each option has its pros and cons, and the right choice depends on a business’s financial situation, risk tolerance, and market conditions. Fixed rate loans - stability and predictability A fixed-rate loan has a set interest…
read moreInterest rates are a pivotal component of the UK's economic framework, directly influencing the cost of borrowing for businesses. Understanding how these rates affect business loans is essential for companies aiming to manage their finances effectively. The Bank of England sets the base interest rate, which serves as a benchmark for lending and borrowing costs…
read moreFor businesses looking to expand, diversify, or invest in property, commercial investment mortgages offer an effective way to finance property acquisitions. These mortgages are specifically designed for purchasing commercial properties, such as offices, warehouses, retail spaces, or buy-to-let investments. There are several reasons why a commercial investment mortgage can be a smart choice. Access to…
read moreFor businesses that operate in the manufacturing, construction and agriculture industries it is essential that they have the right plant and machinery for day-to-day operations. The problem is that this type of equipment can be expensive to purchase. Plant and machinery finance will provide businesses with the opportunity to purchase these vital business assets without…
read moreAnother question which we often get asked is what is the difference between a secured and an unsecured loan and which option is best for me? There is actually a really simple explanation. A secured loan would be a financial agreement taken against a business asset or a property, therefore if there are ever any…
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