Finance Blog | Commercial Lending, Essex, London | first 4 Commercial

Small Bridging Loans to Prepare a Second Home for Tenants

If you own a second home you might be interested in renting it out to tenants on either a short-term or long-term basis. Owning a number of properties provides you with the flexibility to have an extra income flow to add to your finances, but you will have to make the second property ready for your prospective tenants to move into.

There are a number of reasons why you would benefit form acquiring a small bridging loan to help you get your second home ready and liveable.

Furnished or Unfurnished – You always have options as a landlord and it is up to you whether you want to fully furnish your property for tenants, or leave it unfurnished. The decision will impact your rental yield potential, but either way you will often find that the majority of rental properties have white goods present and you will also have to ensure everything is fully decorated and up to scratch in terms of health and safety standards.

Clean and Tidy – Once the framework of the property has been concluded the landlord is responsible for brushing up the property so that it is ready to view. Providing the property with a deep clean and ensuring that the exterior, as well as the interior, is clean and tidy will make it more enticing to prospective tenants.

Maintenance Issues – Once you have tenants in place it is your responsibility to take care of regular maintenance issues and be at hand to fix any problems that take place. Insurance will cover you in the most extreme cases, but you might require a small bridging loan to take care of a problem immediately, whilst you are waiting for a payment to be sent through.

Speak to our experienced team at First4Commercial about a bridging loan that will help you perfectly prepare your second home for prospective tenants, whether on a short-term or long-term basis. There are a few factors to consider and you always have options, but a small bridging loan will help you prepare your second home to be lived in.


Purchasing Properties at Auction

Building a property portfolio is an exciting process to go through, and there is nowhere that provides a buzz as much as a property auction. For those of you looking to purchase properties at auction you will understand that time is precious and in order to get a deal over the line it is a necessity to have finances in place as quickly as possible.

Go in with a Firm Budget – Working with an auction finance lender will allow you to build an accurate picture of exactly how much you have to work with prior to entering an auction. This means that you can bid for properties without overstretching your budget, as you know exactly what you can spend.

Don’t Lose Out on Property – Property auction halls are competitive places. If you can go in with the knowledge that you have the finances in place to compete and complete on a purchase you can bid with confidence. Property that has been purchased through auction often has to be completed at a faster rate than traditional property purchases so you have to be sure you can complete in time.

Build a Relationship to Help Build Your Portfolio – If you are looking to build a property empire then having a good relationship with a bridging finance provider will stand you in good stead to bid for those properties you feel will be a worthy addition to your portfolio.

Contact First4Commercial today and our experienced team can provide you with all the information you require to put together bridging finance that can help you to purchase property at auction and add to your property portfolio. We understand how vital it is to be able to finalise a transaction at auction even if you don’t currently have the funds in place, we can help with auction finance to get the property purchase over the line.


What is Invoice Factoring?

For many companies the problem that they encounter the most relates to cashflow. Invoice factoring is a service that can be provided by an external company, such as First4Commercial, to help fund your cashflow by acquiring your invoices at a discount.

Invoice factoring is an enticing solution to companies with cashflow problems and also goes under the names ‘asset based lending’, ‘debt factoring’, and ‘invoice finance’.

Invoice factoring is a really simple process. If you are in need of some funds to control cashflow and have outstanding invoices, we can manage your sales ledger and credit control on your behalf. We will offer an advance a percentage of the funds linked to the invoices to help you with your cashflow problems. Once the customer has paid, we will make the remaining balance available to you with a small fee retained.

The major advantage to invoice factoring is that it allows you to free up cash that is tied to unpaid invoices, making financial management of your company a lot easier. You can focus on what makes your company tick and allow us to look after your credit control and invoice factoring, meaning that you don’t have to chase clients for payment, or worry about cashflow in the immediate future.

Contact our specialist team at First4Commercial today and we’ll be happy to discuss our invoice factoring service and how it can assist your business in managing cashflow effectively and not having to worry about chasing clients for unpaid invoices.


Purchasing Farmland with a Bridging Loan

Whether you are purchasing an entire farm, a section of farmland, or looking to expand on your existing farm it is important to work with lenders that can help you achieve your goals. There are a number of reasons why you might require the assistance of a bridging loan provider and First4Commercial is here to help you reach your farmland targets.

Purchase Further Land – One reason you might need assistance in the form of a bridging loan is to purchase farmland or an entire farm. If you are in dialogue with a neighbouring farmer over the acquisition of part of their land, it is likely you will need some upfront cash to get the deal done.

Upgrade Your Farm – Similarly, if you are looking to upgrade your existing farm in terms of purchasing new machinery, equipment or additional livestock a bridging loan will help you to achieve this. In some cases the need for a boost to cashflow when awaiting payment from a customer or government subsidy is the only way to continue to operate effectively.

Fast Turnaround on Decisions – Whatever your reasons for needed financial assistance, you’ll want to have a fast decision. When it comes to rural acquisitions things can move at a fast pace. We understand that and are here to provide you with a fast answer to help you get the deal done.

Speak to our team at First4Commercial today and we’ll be able to assist you with the expansion of your farmland, or to put in place the secure finances that allow you to purchase an entire farm. Whatever your specific desires we are here to help, with the knowledge and experience to help. We look forward to hearing from you.


Adverse Credit Commercial Mortgages

Many different types of people enter the business world and start a company. Some of those will have adverse credit histories and be struggling to acquire the funding they need in order to build their dream career. First4Commercial understands that it isn’t always plain sailing and that there should be a way to achieve adverse credit commercial mortgages.

Adverse credit can come about for a variety of reasons, from missing credit card payments, being late due to technical reasons or oversights in terms of paying bills, or even more serious issues such as missing mortgage payments or having CCJs against your name. If you are a business owner with any of these black marks against you it could be difficult to secure a commercial mortgage from the traditional high street route.

First4Commercial can help those who find themselves in these situations, with non-status commercial loans available to those with an adverse credit history. There are higher rates of interest attached when compared to high street lenders, but it allows for customers to have a self-cert approach if they are unable to prove their income at this point. Having the flexibility to approach a business in this way could be the difference between a venture’s success and failure.

If you’d like to know more about our service and how we can provide adverse credit commercial mortgages to help you move forward with your business dreams, contact us today. Our team of specialist financial advisors will be happy to help.


Auction Finance

Buying a property at auction is exciting stuff! The buzz of the battle to see who comes out on top and wins the property in question and the flurry of activity in the auctioning hall all add to the drama of the proceedings. Whether you are a first-time buyer or a seasoned property investment one thing that has to be in place in order to push through a property purchase is auction finance.

In most cases those individuals making a winning bid at auction will have to put forward a deposit (non-refundable) on the day and then have 28 working days to pay the remainder of the balance. This means that when compared to the traditional routes of purchasing a property there is a much shorter window in which to secure the property and complete the purchase.

Auction finance allows you to enter an auction room safe in the knowledge that you have an agreement with a lender in principle, with clear budgets in mind that you can work within when bidding. It also allows you to add to your property portfolio even if much of your capital is tied up in existing properties.

If you’d like to discuss your auction finance options with a team of seasoned professionals with plenty of experience in helping people secure property at auction, contact First4Commercial today. We’ll be happy to give you that safety net and security to ensure you can bid with confidence that we’ve got your back.


Non-Status Loans

Even for those with no proof of income or with adverse credit conditions there is help available. First4Commercial has lending options that could be a help to any party looking for a non-status loan for a variety of reasons. Whether you require funds for cashflow as a new or growing business, working capital, or a loan on a commercial property, our lending options could be a viable route for you.

Non status commercial loans are a great advantage to a number of businesses in different situations. They are an ideal financing option for limited companies and sole traders who require some financial help in order to provide start-up funds, to refinance or to turnaround their business in troubled times, or to consolidate debt.

From traditional lending providers these types of businesses might struggle to acquire the financing they need due to their relative youth in the market place, but that shouldn’t stop them seeking assistance that can help a business not only stay afloat, but to thrive.

Even for those with impaired credit situations, non-status loans can be provided to secure the future of the business. We will consider all applicants, even those with adverse credit histories and can put together a non-status loan that lasts anywhere from 3 months to 10 years.

Contact First4Commercial today to secure a non-status loan that could be the assistance your business needs to push on to the next level, or to keep cashflow moving smoothly in a tight month. We look forward to assisting you.


Small Bridging Loans from £5k

First4Commercial understands that sometimes our customers require assistance in the here and now in order to push a transaction or project through to the next phase. A small bridging loan, starting from £5,000 could be the difference in making a successful purchase of a property at auction or to clear debts in order to ward off bankruptcy.

The main beauty of bridging finance for sums of money above £5k is that it can be secured relatively quickly when compared with regular lending schemes. In those cases it can sometimes take months to work through an application process and secure the finance you need to complete on a purchase. With bridging finance from First4Commercial we understand the necessity of a fast transaction and can get an answer to you within a short timeframe, with rates as little as 0.45% per month.

It is a simple process with us. All you need to do is provide concrete evidence that you have an exit route, a way of paying back the short-term loan. If we can see why you require bridging finance from us and that it is easily repayable we can help with most situations.

If you’d like to know more about our service and how we can help provide you with small bridging loans from £5k upwards, contact First4Commercial today. Our friendly team of advisors has the experience and know-how to help you out of a tight situation where you require finance as soon as possible. We look forward to helping you bridge that gap.


The Importance of Bridging Finance to Small Companies

There comes a time in the growth and development of any company where a fresh injection of cash is needed in order for it to take that next leap forward and flourish. This isn’t always possible through traditional lending means but bridging finance can provide that addition that can make a real difference to a company’s success.

For some companies there is a real necessity for brand new equipment to make the push into a new phase of development for both products and services that are sold to the public. Other times it might be required for an expansion of existing property to fit this equipment and/or new staff members, and at some stages of development there will be a need to move into bigger commercial premises.

Getting this right whilst balancing cashflow is crucial to the long-term success and stability of a company and bridging finance is the perfect option for those start-up and small businesses who need that extra cash now, with a view to being able to pay back in full at a later date, without it impacting on the ability to pay bills, suppliers and staff now!

Call First4Commercial today and a member of our team will be happy to talk through your existing situation, look at plans for growth and how best to help you achieve the purchasing of equipment, the expansion of office space or the purchasing of new business premises in order to help you realise your dream of being more than just a start-up company that has survived its first year. We look forward to helping you achieve your goals.


Benefits of Taking Out a Small Bridging Loan

Sometimes you need a quick fix of cash to help get a project moving forward, to pay off some bills and consolidate your debts or for a variety of other reasons. There are a few benefits to taking out a small bridging loan.

A Fast Process – When compared to a mortgage or remortgage process, a bridging loan can be much quicker, with a smooth application process taking place in days in some cases. This can be vital depending on the reasons behind the bridging loan.

Flexible Repayment Options – A bridging loan can usually be paid back in repayment terms that suit you, as long as it doesn’t go over a 12-month period. There is also the choice of whether to draw on the loan in stages during an agreed period of time.

Secure Exit – As most bridging loans are taken out with a view to being able to pay off the loan in full due to the sale of a property or refinancing, it makes it an attractive and flexible proposition. This secure way of exiting a loan is much safer than other options.

First4Commercials understands how to help you get to where you need to be, with small bridging loans available for a variety of personal and commercial interests. If you’d like to speak to a member of our team call us today and we’ll be happy to talk through your specific requirements and put together some advice to suit you. We look forward to hearing from you.

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