Asset and Invoice Finance
Asset and Invoice Finance with UK Commercial and Development Finance
We understand the pivotal role that capital plays in fostering business growth. Our Asset and Invoice Finance solutions provide a versatile and accessible means for you to unlock the potential within your business, leveraging both your debt book and a broader spectrum of business assets.
Loan Parameters:
- Loan Amounts: Our flexible financing options range from £10,000 to £750,000, tailored to suit your business’s unique needs.
- Repayment Terms: Typically offered over a span of 1 to 4 years, providing you with flexibility in managing your financial commitments.
- Early Settlement: It’s important to note that early settlement charges may apply to the unsecured business loan, and our team is here to guide you through this aspect.
Interest Rates and Fees:
- Lending Rates: Our competitive lending rates may start from 6.5% to 24%, taking into account factors such as your business sector, purpose of funds, reliance on debtor and invoice settlement history, business accounting history, credit history, and business experience.
- Lender’s Fees: Typically ranging from 2% to 6% of the net loan advance, our fees are transparent and designed to align with your financial goals.
Other Considerations:
The Bigger Picture:
Before proceeding, it is crucial to assess the genuine need for funds. We encourage you to explore alternative finance options that may better align with your business requirements. Additionally, consider your comfort level with personal/director guarantees, which could involve the securitization of personal assets.
Rates & Fees:
When opting for Asset and Invoice Finance, be aware that rates and fees may be relatively higher due to the absence of a specific asset for securitization. Fees can be incorporated into the loan advance, impacting the overall interest accrued. Early settlement charges, equivalent to three months’ interest on the unsecured loan debt, may also apply to the loan agreement.
Determining Borrowing Capacity:
The amount you can borrow, ranging from £10,000 to £750,000, depends on various factors outlined in the ‘What to Expect’ section. Our experienced team is committed to guiding you through the process, ensuring you secure the optimal amount tailored to your business’s unique circumstances
Key Takeaways
- Loan-to-Value (LTV): Subject to the asset(s) being used as security for lending.
- Repayment Terms: Flexibility spanning 1 to 4 years.
- Lending Rates: Competitive rates starting from 6.5%, contingent on various factors.
- Lender Fees: Typically 2% to 6% of the loan advance.
- Additional Fees: May include application, valuation, and legal fees.
- Financial Assessment: Evaluation of business EBITDA to determine repayment capability and review of the asset being used as security.
- Strategic Financial Moves: Consider Asset and Invoice Finance as a strategic move for enhanced financial planning.
- Personal Guarantees: Carefully assess the impact on personal assets before making commitments.
We get to know you and your needs and provide you with professional advice bespoke to your needs. No fuss, no nonsense, just 20+ years of experience.
Our advisers are qualified and trained in many areas of specialist property finance. Speak with them today to find out more about your project.
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Arrange a call with one of our advisers
We would love to hear from you and to discuss your enquiry. For a free introductory call to discuss your needs, call us 0117 251 0563 and ask for Ryan or Luke.