What We Do
Raise money for struggling companies & CVA Companies fast!
It is not your fault that your ‘mega bank’ has turned the business funding application down, it usually is because they are not able to lend to small businesses or specific types of company.
We help you learn about the products that suit your business. FREE OF CHARGE. There are over 1,000 finance providers and financial products available to UK companies or LLPs.
Give us a call or email and we can take more information from you and find the right funding for your business.
Asset Finance
Asset-based lending (ABL) is a general term for any form of finance to acquire, rent, lease or fund an asset. For example a property mortgage is an asset based lending product. Cars or vehicles financed by hire purchase is an example of asset based lending. Factoring or invoice discounting are asset-based lending products too.
What is Invoice Finance?
Factoring is a process where the company can borrow money by selling its customer invoices to a funder or bank. For example, if you are a printing business and you raise invoices to companies for their general commercial printing needs, then these invoices can be ‘sold’ and funded by the factoring company. This means you do not have to wait for the customer to pay your company.
The lender will look at the invoices, look at the quality of the customer base (your customers are called debtors) and your business and decide how much to lend to your company or business based on the quality of their risk.
You may be able to borrow from 50%-90% of the total available invoices outstanding.
What is Construction Finance?
If you are an SME company and you work in construction you will know that it is very difficult to match outgoing cash flow with payments from the contractor or client. If the bank won’t provide an overdraft to help, why not consider specialist construction finance?
We work closely with a small number of funders in this sector who also have their own experienced quantity surveyors (QSs) who understand the intricacies of complex construction contracts and the challenges that contractors and sub-contractors face to get paid on time.
What is Property Finance?
Buying, selling or developing properties? As you know by experience often the contract can be delayed, or the bank cannot fund sufficiently. Why not try our service to see fi we can match you with funders with a lot of capital to lend?
The two main products are
Commercial mortgages
Commercial mortgages are available to a individuals or companies trading as property developers or for businesses wanting to buy their own property. Lenders will normally fund up to 70-75% of property purchase costs with terms of anything up to 30 years. Typically they will secure the mortgage against the property with a fixed charge and affordability is based on the profitability of your business, and its ability to make the monthly or quarterly payments.
Property development finance & bridging loans
This is usually in the form of a short-term loan to be used for the building and development of a new building project, or refurbishment of an existing property. Property development lenders will look to advance up to 70% of the gross development value, and terms can be up to 24 months.
Raise finance to grow your company?
Need to Grow Your Business But The Bank Says No?
Perhaps your company needs a loan or facility to grow your business, to buy new stock, new equipment or employ some more people?
There are a large number of new debt providers who can lend your company money, but they generally all require personal guarantees.
Loans can be as little as £10,000 up to £1m and are usually not secured over the company assets. So you may be able to borrow money alongside existing secured bank debt. But most lenders will require you to take the risk of providing a personal guarantee.
Clearly, providing personal guarantees for company borrowing is risky and you should really take independent legal advice before doing that.
Bluntly put, if the company enters into insolvency it will lead to you having to pay money back PERSONALLY to the lenders.
What is Turnaround Finance?
This type of specialist funding is rare and hard to source. Usually the requirement is for fast growth companies whose working capital is stretched or where their banks say NO. Or capital is needed for companies in a company voluntary arrangement, just after an administration or pre-pack administration.
Most turnaround situations are fast moving and require expert advisors and specialist funders.
Products may suit companies that cannot get bank funding because their balance sheet is weak or where they are businesses that need to be turned around. We can source funds to “take out” bank or factoring debts before any pre-pack or CVA;
With 30+ years of experience in insolvency and turnaround we may be able to help you AVOID insolvency events like liquidation, administration or CVA, but you need to act quickly
HOW DO I GET HELP
Contact our expert Keith Steven keiths@companyfundingoptions.co.uk for a free confidential chat.
Want advice on your funding options? Call us on 07791 864339
Want your CVA to succeed ? Get expert help from Company Funding Options.