Commercial and business
Commercial and business finance
Funding the premises, the acquisition or the working capital, without putting the family home in the middle of it by default.
Who this is for
Business owners buying their own premises, funding an acquisition, releasing working capital, or refinancing business debt that has accumulated in the wrong places.
What usually goes wrong
Commercial lending has fewer fixed rules than home lending, which means the terms are genuinely negotiable and genuinely variable. The gap between a well-presented application and a poorly-presented one is much wider here, and it shows up in the security required as much as the rate.
What to bring to the first conversation
- Two years of business financials and the latest interim figures
- What the funding is for and when it is needed
- Details of any existing business debt
None of it is required to start. It just makes the first conversation more useful.
How we run it
Four steps, in this order.
Present the business properly
A commercial credit assessor is reading a story about whether this business services this debt. That story is worth telling well.
Question the security
What is being asked for as security, and whether it is actually necessary, is often the most valuable conversation on a commercial file.
Negotiate the non-standard terms
Covenants, review periods and conditions are where commercial deals are won and lost.
Leasing and equipment alongside
Where plant, vehicles or equipment are part of the picture, they are financed as part of the picture.
Talk to somebody about commercial and business.
One conversation, no documents needed to start, and nothing leaves this office.