Does Your New Business Need Financial Support?
Does your business need financial support?
Sometimes getting credit for a new business can be difficult. Funders see you as a high risk, and either steer clear or charge you extremely high rates.
I've just signed up an agreement with a new funder who looks at new businesses in a slightly different way. Rather than just seeing the short term risk, this funder takes a more holistic approach and looks at long term gain - a start-up business looking for a few thousand pounds now may well be looking for considerably more as the business grows.
Another area of business that often gets overlooked by main stream funders is helping businesses that have experienced a difficult trading period, and so may not have a totally clean credit record. Again, this funder will look at all of the facts and listen to the reasons for the difficulty before making a decision.
In both of these cases, new business and those with a difficult credit history, the risk to the lender is higher, so the interest rate on funds will be slightly higher to reflect this. Please don't think that "slightly higher" means a ridiculous rate of return - it really does mean "slightly higher"!
If you're new in business, or have had a difficult time, please feel free to call me for a competitive finance quote.
Have fun
Justin
01626 363 339
Business Loans ~ Asset Finance ~ Leasing ~ Commercial Mortgages ~ Car and Van Sales ~ Contract Hire
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