Finding and securing commercial finance packages, especially forms of business loans, is a complicated process and you’ll need to research the market carefully. We try to provide you with sufficient information to decide which type of finance solution is the correct product for your company and once you think you have enough information we offer a business loans quoting service where some of the best business finance lenders will give you a tailored quote.
Business loans can have some outstanding benefits as a route to providing increased finance
Instead of raising funds by selling an interest in your company to an investor, you’ll get to retain the ownership of your company. The lender is only entitled to return on its loan and not a cut of the profits or a share in your company.
A loan gives you access to capital with minimal up-front payments and the flexibility to design a loan schedule that suits your needs. You can organise your loan repayments to match your payments with the projected cash flows from the proceeds of the funds.
Loan schedules are pre-set, making cash management more predictable
Interest payments on your loan are tax deductible and are made with pre-tax money. Purchases financed with profits, in contrast, are made with after-tax money.
Whether or not a loan is the best course of action we here to help you meet your company’s needs by getting you quotes
We are able to offer some of the best rates in the market, we deal with some of the leading providers of business loans. Our partners include Lloyds TSB Commercial Finance, Bank of Scotland and Barclays.
We are able to offer instant online business loans quotations, with the ability to purse the quotation online. When you fill in our quotation form you will receive just that, a free, instant, online quotation. Remember it is not an application (well not yet), it is simply a quotation.
We provide various types of commercial finance. Through our partners we offer the following products:
- Small Business Loans
- Commercial finance solutions
- Commercial mortgages
- Factoring and sales ledger management
- Leasing and asset finance
Small Business Loans
Many small business owners look at a business loan as the ideal way to raise cash for their business when in fact a business loan may not be the ideal way to raise finance for your needs. At 1st Business Loans we look at your business requirements and determine which product your business is best suited to.
Do you require more cash to help with cashflow?
If the answer is yes then the best type of finance for your business is factoring. Factoring in brief allows you to get cash advances on invoices which are issued by your business, this allows you to unlock cash which is tied to your business.
Do you require financing to buy machinery, equipment or any other new company asset?
Is the answer is yes then you should probably consider a form of asset finance or leasing. There are various forms of asset finance – hire purchase is a form of consumer asset finance but you’ll need a more tailored package. Consider asset finance companies such as Technology Leasing, Leasing Network and some of the business banks who offer this type of service such as Sun Bank, Bank of Scotland and Cooperative Bank.
Can you offer property as security on a loan?
If the answer is yes then a commercial mortgage/re-mortgage may be a better option. Commercial mortgage rates are currently more favourable towards the borrower.