What is commercial finance?
Commercial finance is a wide term, in general terms it is a loan that businesses take out when they need it. There are a wide range of reasons that a business might take out a commercial finance loan, such as business expansion or to cover a short-term cash flow issue. Some businesses have plans to take their business to the next level, but lack of funds make it seem impossible, which is where a commercial finance loan comes in.
What types are there?
- Invoice finance
- Trade credit
- Secured business loan
- Asset finance
Few options are:
| Short-term | Medium-term | Long-term |
| Trade credit | Crowdfunding | Business loans |
| Invoice factoring / discounting | Bridging finance | Commercial mortgages |
| Business credit cards | Peer-to-peer lending | Asset finance |
| Overdraft | Equipment leasing | 2nd charge loans |
Secured Business Loans
Secured Business Loans depends upon loan purpose, rate, term, value of the security and possibly some kind of security over the asset. These can be flexible loans and also helps in raising finance where businesses are unable to secure unsecured finance quickly.
Overview of Secured Loans
- Loans from £25,000 to £1,000,000
- Adverse credit with CCJ’s, defaults, new start-ups accepted
- Valuation based loans
- 2nd charge loans
- Terms form 3 months to 25 years
Whatever the reasons for taking out a commercial finance loan, our team of experts will ensure you get the best deal for you. So give Funding Hut a call today: 0203 900 0970
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