October 2017 - First 4 Commercial
25Oct2017

Understanding the Basics of a Commercial Mortgage

Business owners are often faced with the question of how to make that next step, to grow the company without stretching finances to the limit and putting jobs at risk as a result. Commercial financing provides a sensible, simple and flexible way of doing so.

Know Your History –  Before you apply for a commercial mortgage it is vital that you completely understand your business and its trading history. In order to be successful with an application for commercial credit your trading history will have to be viewed as solid by the lender.

Type of Business – Different types of businesses will be offered different terms for a commercial mortgage. A shop or office for example, might be offered a typical loan-to-value amount of 80%, whereas those individuals looking to lease out their property would most likely have a 75% loan-t0-value maximum.

Importance of Equity – The last thing you want to do is put your business at risk, so when speaking with a lender about the possibility of a commercial mortgage, be very accurate and clear about how much equity is available, before you commit.

First4Commercial has the experience and know-how to help you secure a commercial mortgage for your project. Give us a call today and we’ll be happy to guide you through the process and offer the best routes available for commercial financing to help you take that next step.

20Oct2017

Things to Consider When Choosing a Business Location

As the owner of a company looking to move into business premises, there are a few considerations you should make prior to taking the leap into confirming the move. Let’s take a look at a few of the things you need to know before putting pen to paper on a new workplace.

Style of Business – Before committing to a work space, decide exactly what you want your business to look like? Do you think you need a traditional retail store, a small outdoor space, or could you work on the outskirts of a town?

Accessibility – Depending on the style of business you are running and your target market you might want to choose a location with heavy foot traffic potential. Wherever you land, good access will be required for staff and suppliers at least.

Competition – Within some industries it might be a better strategy to be close to your direct competitors, as it allows your customers to make an informed decision after making price comparisons. For other types of businesses, yours might benefit from the customer traffic that they generate, even if it is nothing to do with your goods and services.

First4Commercial has the financial assistance and expertise to help you secure funds to purchase the business premises of your choice. Once you have decided on the area you think will work best for your company, working fast is imperative to secure a property that suits your needs. To speak to a member of the First4Commercial team about how we can help you with commercial bridging finance, call us on 01277 620083.

16Oct2017

The Advantages of Taking Out a Small Unsecured Loan

If you are in a tight financial spot and require some fast funding to plug the gap and enable a project to continue, securing a small, unsecured loan, could be the lifesaver you are looking for. First4Commercial understands how important a small bridging loan can be to people working on many types of projects.

Quick Answer and Supply – The first thing to mention is that a small unsecured loan through our team will provide you with an answer over a short period of time. A fast and simple application process could be the only thing that keeps your project afloat.

Flexible Repayment – We are always open to negotiating a repayment schedule that suits you where possible. As long as the small bridging loan is paid back within a 12-month period, there is flexibility to be gained within that framework, including the option to take the loan in stages through a set period, rather than in one lump sum.

Secure Exit – The majority of bridging loans are taken out in order to complete a sale or allow for refinancing prior to a large sum being available within a short amount of time, that can then be used to pay off the loan.

Contact the First4Commercial team today and our experts will be able to talk through your specific project and requirements for a small, unsecured loan that will help you keep moving forward. We understand how important it is to have access to flexible, fast and simple bridging loans.

12Oct2017

Securing Development Funding for Your Commercial Project

For any person working on a development project, you’ll understand how vital it is to secure funds at various stages throughout the process. There are a number of stages where it can be crucial, from knocking an old structure down, building a property from the ground up, or constructing commercial and residential properties to house multiple occupants.

To secure financing there are a few stages and processes for a lender to consider, including the value of the land in question. Finance can be raised against the purchase cost or against the value of the land if there is already an owner. Once you have an agreement in place for development funding there will be different times at which funding can be released to assist your project.

Initial Costs – Any project will require funding to cover the building of the foundations and footings of the structure. Without this phase being completed, nothing else can go ahead.

Structure of Property – Funding can then be released to cover the cost of the basic structure of the building, creating an external frame.

Block-In – A different section of funding can then provide the materials to make the property weather-tight, installing windows, doors and a roof.

Electrics – The 1st Fix stage of a development includes the installation of all electrics and the plastering of the property.

2nd Fix – Once everything else is completed the finishing touches can be put on the property, including all decorating, as well as any external landscaping.

For more information about how you can secure development funding for your project, contact the experts at First4Commercial.

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