December 2016 - First 4 Commercial

How Business Loans Can Help Your Restaurant

The restaurant and hospitality industry is competitive no matter what type of cuisine you are selling or the location you have based the business. To stay ahead of your competitors and continue to grow as a brand there will be times when you need a little bit of help, with the restaurant owner having to straddle the skills to manage people successfully, appoint the right team around him, be creative and also be good with finances.

A business loan for a restaurant can help you to:

Purchase New Equipment – When first opening a restaurant there will be a need to purchase equipment in order to cook.  When the time comes to upgrade your kitchen as the years pass by you may need assistance.

Renovate and/or Expand – As your business grows you might want to renovate and upgrade the restaurant, to redecorate, or expand to create more space at the existing space, or to open a new venue.

Pay Licence Fees – There are certain fees, including the alcohol licence that you will have to apply to hold. There are varying prices for applications for licences, depending on your location.

Cover Marketing Costs – Word of mouth is fantastic and the best way to organically build your reputation as a restaurant, but you will have to pay towards marketing costs, especially at the beginning.

Cover Seasonal Custom – Your levels of custom will be busier at certain times of the year and you should be ready to cover the fallow times.

Traditionally it has been difficult for restaurants to successfully complete on a business loan, with many considering it a high risk financial opportunity. At First4Commercial we have the team in place to discuss your options in terms of business loans to help restaurants. Whether you require some financial assistance to upgrade your kitchen, relocate or to deal with the flows of seasonal produce and seasonal footfall, we can help. Give us a call today and we’ll be happy to discuss further.


Reasons to Apply for a Non-Status Commercial Loan

If you are a business owner you might find it difficult to secure a loan via traditional methods. A short-term non-status commercial loan can be taken on board over a short period of between 12 months to 5 years and provide you with a fast answer to help you with your situation.

There are a number of situations where you might feel like you need the help of a commercial loan. The following individuals or businesses will find the assistance from a non-status commercial loan provider beneficial:

Start-Up Business Owners – There is a need for upfront investment when first starting a business. You’ll need the finances for premises, equipment and staff in order to get going.

Debt Consolidation and Short-Term Finance – As a business there will be times when the best move is to consolidate your overall debt and work towards a faster timeframe to become debt free.

Improve Business Premises – As you grow there will be a need to expand the premises or improve the equipment you use on a daily basis in order to raise standards.

Expand the Business – The next step for a business might be to open another premises or to expand the workforce to be able to cope with the demand for your product or service.

If you want to find out more about non-status commercial loans and how they can help you put together a solid plan for your business, give First4Commercial a call.



Personal Loans to Help You Make Home Improvements

As a homeowner there are always ways in which you can improve the property you live in. Whether you are looking to add value to the house with a view to a potentially selling it, or you want to create extra space for your growing family or just want to upgrade your kitchen and install double-glazing or a loft extension, a personal loan might be the best approach to get the job done in a suitable timeframe.

Decide What Your Need the Personal Loan For – As mentioned above, there are a few reasons why you would want to upgrade your home. Work out exactly what it is you need and how much money it will take to complete the tasks to a suitable standard.

Choose the Right Tradespeople – Ask around for a few different quotes from various companies and single tradespeople as then you can work out who offers the best value for money. A good tradesperson will provide you with the home improvement you desire at a good price.

Secure Funding – Once you have the team in place to complete the specific project at hand, you can apply for a personal loan to get the job done. You should always apply for an amount that you are confident you can pay back and won’t put you in any financial difficulty.

Improving your home is important to you and your family, giving you the calm and warm space to relax in each day. Securing a personal loan to give you that peace of mind shouldn’t have to be difficult. Contact First4Commercial to see how we can help you develop your dream home.


Times a Bridging Loan Can Help You

There are a few situations in life when you just need that extra bit of financial help to get you to where you need to be. A bridging loan can help those in situations that they don’t feel a way out of, allowing you to breathe a little and realise your dreams with a short-term, affordable loan.

Here are a few reasons you might be searching for some bridging finance:

Self-Employed Tax Bills – For freelancers there can often be a tax bill or other outgoing that you just don’t expect. In an ideal world there will be extra savings to draw on for this type of scenario but it isn’t always the case, and finances are needed quickly.

Fix a Damaged Property – In some cases you might not have been insured long enough to cover the cost of damage to your property and need to get the problem fixed immediately.

Help Secure an Unmortgageable Property – There may be cases where you are looking to secure funding for a property, but it isn’t in a condition where traditional lending will cover the cost. A bridging loan can help you in the short-term to get the ball rolling.

Refurbish a Property – If you’ve bought a property that needs to be gutted and refurbished a bridging loan may help you secure the funding to hire tradespeople and purchase the materials needed to complete the project.

There is never a situation where you are completely helpless; even if it seems like the financing assistance that you require is out of reach for good. Contact first4commercial and we’ll be happy to offer advice and guidance based on your personal situation.

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