If you are interesting in starting a business or expanding or renovating the business you have, a commercial loan can provide you the cash flow you need to get the job done. You'll need to find the best lender for your particular business. It's best if you seek a lender with a reputable track record in lending to businesses just like or very similar to yours. Getting a large lender to give you a commercial loan for a small retail outlet may not work if that lender only specialises in huge shopping malls. A lender needs to be able to offer a loan package at a rate that fits your budget and business situation.
A good lender will have the relationships already in place to get you the best rate on your commercial loan. That lender should also have the kind of customer service level you require to get processed quickly at the application level. If you submit all the required financial records, a great business plan, and can demonstrate yourself capable of managing your business and a loan successfully, you are off to a great start in the process. Interfinancial can discuss with you the pros and cons of a fixed or variable rate loan for the right type of property
Your credit rating is going to be a big factor in the type, amount, and rate you may get on a commercial loan. Do your best to establish a consistent record of paying off your bills and paying them on time, whether they are personal or business related. Find out if there are any errors or other issues with your credit report and deal with them before you submit a loan application. Lenders must scrutinise loan applications closer than ever, due to so many deals that were defaulted on recently. It is more difficult to get a loan these days but not impossible. Lenders do want and need to work with borrowers to keep the economy functioning.
There are a variety of commercial loans available that can boost your business productivity. Equipment, short-term, working capital, secured and unsecured and long-term loans are all possibilities depending on your business situation and credit worthiness. Until they can build a positive credit rating, new businesses have a better chance of getting a short-term loan that is paid back within three to six months than a long-term loan. Established businesses with a satisfactory credit history can likewise have better chances of getting a long-term loan or credit line.
Would you like to:
• Purchase a business or Commercial property
• Raise money to refinance your Commercial property
• Obtain Bridging Finance or a Commercial Loan to move
quickly with a specific transaction
• Obtain finance for the funding of a Commercial development
project
• Transfer your Investment property into a Ltd Company
• Raise funds as a second charge on a Commercial or
residential property
Want to benefit from:
• Access to all the major lenders both High Street and
Specialist
• The most competitive Commercial rates on offer
• A knowledgeable and informative company with a can do
attitude who are a pleasure to deal with
• Commercial Loans from £30k - £10m
• Flexible terms to benefit all customers
Suitable properties and security:
• Offices, Shops, Industrial Units, Warehouses and semi-
commercial property
• Restaurants, Pubs, Cafés and Takeaways
• Care Homes, Dental Practices and Doctors Surgeries
• Farms and Agricultural Properties
• Hotel’s and B&B’s
• Investment and Buy to let Properties
Products:
• Commercial Purchase
• Commercial Remortgage
• Bridging Finance
• Development Finance and Secured Loans
For further help and advice please complete the "Contact Us" form. This will give us some basic information about your situation.
We will then contact you to discuss your requirements and assist you further with all your Commercial Lending needs.
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