Finance Blog | Commercial Lending, Essex, London | first 4 Commercial
31Dec2018

Growing Effectively as a SME with a Bridging Loan

Running a SME is a delicate balancing act at all times. As the company grows, so to does the need for extra employees, more equipment, a higher standard of equipment and processes, and finance to achieve all of those things. It can be difficult to achieve steady and effective growth as a small business, but it is possible. With a commercial bridging loan fromFirst4Commercial you can take those next steps at a pace that suits your business needs.

With bridging finance your business will have the means to alleviate short-term cashflow problems. This is vital when there are bills to pay (suppliers, staff, tax, rent etc.) but the next invoice is being paid in a few days or a few weeks time. A bridging loan allows you to shore up your finances, knowing that you can cover the cost a little bit further down the line.

This breathing space is vital to any company, but  especially small and medium-sized companies where a shock to the system can have a devastating effect in the worst circumstances.

Having the ability to weather the storms that come the way of any business as it grows is vital to long-term growth and stability. With a commercial bridging loan from First4Commercial our team can help you achieve your goals and grow effectively as a SME. Contact us today by calling 01277 620 083, or alternatively email us at info@first4commercial.comand we’ll return to you at your convenience.

25Dec2018

What is Invoice Discounting?

Invoice discounting offers an alternative solution to those seeking short-term commercial finance. If you are suffering as a small and growing company to receive payments from invoices, invoice discounting provides instant access to the cash tied up in those outstanding invoices. It is a facility that can adapt and change with your company, allowing you a flexible approach to commercial finance in a different way to an overdraft or a business loan.

 Through invoice discounting, you’ll receive a portion of the outstanding invoice (used as collateral for a loan) upfront, helping the business with cash flow in the short-term. When the invoice is paid, you’ll receive the outstanding amount, minus a small service charge for the invoice discounting service).

To secure finance through invoice discounting there is no need to own any assets, which not every business does. Instead, the outstanding invoices are used as collateral. It is a private service that allows you to remain completely in control of your credit collection from clients, with no outside person or service contacting your clients to collect outstanding payments.

In terms of looking after your budget as a business, invoice discounting is a great way to maintain a greater level of control over your finances. You can only take out cash that is outstanding and owed to the business. That way, you are not putting at risk the future of the company by becoming reliant to finances outside of your limits.

To find out more about invoice discounting, as well as other commercial financial services such as bad debt protection, bridging loans and asset-based lending, contact the First4Commercial team on 01277 620 083 or info@first4commercial.com.

12Dec2018

Benefits of a Non-Status Commercial Loan

A short-term non-status commercial loan is a flexiblecommercial financing option for small businesses that are struggling to securefinancing from traditional lenders. They can be taken out over a period of between12 months and 5 years and provide a quick response to a short-term problem for businesses.

So, when might you be in a position that a non-status loan is applicable to your business?

It could be that you are just starting out as a company owner, but require investment prior to beginning your journey. This finance can be utilises to secure business premises, equipment and employees to allow the company to start from a solid foundation. The better the start you have as a business, the more likely it is to be able to withstand the pressures and cashflow complications that all businesses face at some point.

Over time, your business will grow, and with a commercial loan you have the means to deliver effective growth, improving the infrastructure, hardware, software, premises and staff in order to drive standards and improve as a company. With the right tools at your disposal, you can control the rate of growth, expanding at a speed that suits your company.

As part of this evolution of a business there will be periods where the best approach is to consolidate debt and take on board short-term finance in order to become debt free over a much faster and easier to manage timeframe.

Give the First4Commercial team a call today on 01277 630 083 or email info@first4commercial.com.

5Dec2018

Completing Home Refurbishment Projects with a Loan

If you run a home property refurbishment company, or fancy your hand at developing homes to be rented out or sold on for profit, there will always be a question of how you finance those projects. For some people, home refurbishment is just a way to improve the home that he or she lives in, upgrading a kitchen or bathroom, expanding to welcome children to the family, or just to improve living standards.

A loan from First4Commercial can help you to achieve your property refurbishment goals, whether as a commercial venture, or for a domestic residential property that you live in.

The first thing to consider is the exact requirements of the loan. Conduct an in-depth analysis of your home refurbishment project, look at what requires upgrading, how much work is required and how much money needed to professionally complete those tasks to the desired standards.

You can work out this figure by talking to various professional tradespeople in your area, receiving quotes from a few different sources. This also gives you a chance to find the right tradespeople to work on your project, as you need to have trust in the people delivering your vision.

With the foundation of the project in place in terms of financial figures and personnel, you can apply for a secure loan based on those figures. Speak to a member of the First4Commercial team and we’ll be happy to offer advice and guidance about our range of financial products. Home refurbishment loans and commercial property development finance can help you to achieve your dreams. Contact us today by calling 01277 620 083 or by emailing info@first4commercial.com.

29Nov2018

Growing a Business with the Help of a Loan

Owning a business is very hard work. You’ll be putting in long hours, working on all sorts of different tasks and projects at once and spinning a lot of different plates. With staff to employ and look after, a location to scout, sign up for and to expand, and customers to keep happy, it can be excruciating at times. But, a lot of fun and rewarding at the end of it all.

If you are looking to continue the growth of your business, finding the right business loan is a vital component of a business plan and can help find a solution to the following problems.

Purchasing Equipment – Whatever industry you are in you will need equipment for staff members to use. Once a business grows you might need to upgrade to the latest technology and software, or buy new items for an ever-expanding team.

Renovation and Refurbishment – If you own your business premises there will come a time when you wish to either refurbish, in order to spruce the place up, or expand through renovation. Creating new space, or moving to a new location can cause a tightrope where finances are tight.

Cover Marketing and Advertising – As you grow you’ll have a plan in place to not only attract new customers, but also how to maintain a high standard when greater numbers of customers arrive. Marketing and advertising costs can be covered by a business loan to attract a whole new audience, whilst maintaining a core support of loyal customers.

At First4Commercial we understand what makes a business tick. We have helped countless businesses find the help they require in order to expand with minimal growing pains. For more info, contact us on 01277 620 083 or info@first4commercial.com.

 

20Nov2018

Covering Cashflow When Waiting for Customer Payments

Bad debt protection is a service that can help safeguard small businesses from the pressures and potentially perilous complications of cashflow problems relating to customers failing to pay invoices on time. If you cannot secure a payment on an invoice it can be critical to your ability to pay bills and to grow as a company. Covering cashflow is vital, and with bad debt protection you can:

Take on New Customers with Confidence – You can take on brand new customers, once you have gone through your personalised vetting processes, and understand that in the worst-case scenario you are covered. Taking on new clients is critical to grow as a company, but you have to be sure that they are good payers for it to work.

Help in the Event of Client Insolvency – When a client becomes insolvent it can cause panic stations at a growing business. Bad debt protection ensures that you are looked after during the process of insolvency, looking for a speedy and acceptable resolution through dialogue with the Insolvency Practitioner.

Have Assistance from an Expert – No matter what the cashflow situation you are struggling through, our bad debt protection service helps you through expert solutions, advice and guidance when you need it the most.

If you would like to put together a bad debt protection package that suits your particular business needs, please feel free to get in touch with a friendly member of the First4Commercial team today. You can reach us by email at info@first4commercial.com, or by phone on 01277 620 083.

14Nov2018

Building a Business with the Help of an Overdraft

Any expanding business will require some assistance with cashflow at certain times. The money you have in at any given time can move up and down, and your ability to juggle the chasing of customer payments with the means to pay your own bills is a vital part of being a successful business owner.

Business overdrafts are one financial service that can be a real help to a growing business. It provides a level of flexibility, allowing for short-term borrowing of money when required as an emergency, without having to take out a larger business loan (with the interest and fees associated with those).

This provides a much tighter control over cashflow, allowing for extra finance as and when required and ensuring that a cashflow gap does not cause long-term problems for the business, or leave you personally out of pocket as the business owner responsible for the payments.

An overdraft facility also gives you a greater control over the analysis and monitoring of your finances, with all payments in and out able to go through, even if cashflow is currently poor. Insufficient funds to make a payment can be covered over a few days without racking up great interest levels, whilst you know a payment will be coming in shortly.

At First4Commercial we understand the pressure points of any growing business. Our financial advisors have helped countless businesses, in myriad industries to successfully grow over the years, utilising our expertise, guidance and range of financial services. If you would like to gain our insight and professional help, please feel free to contact us today on info@first4commercial.com or 01277 620 083.

5Nov2018

Become a Commercial Introducer with First4Commercial

At First4Commercial we are always happy when our customers have found our services to be helpful. If you think that our financial services could be of interest and benefit to your own customers, we have a commercial introducer service available to you.

Becoming a commercial introducer where you tell your clients about our service, allows you to become part of an open and trusting environment, with competitive commission rates that suit all parties.

Payments are always outlined on the very first day of an agreement between First4Commercial and you. A generous commission structure makes for an appealing package. With our full service agreement you can rest assured that your clients are being looked after well, whilst you can focus on other areas of your business and service.

We pride ourselves on fast, transparent communication, and will ensure that all processes begin with a clear, no obligation quote. Our ethical approach permeates throughout the commercial introducer package, and we’ll never cross sell to your clients. We’ll also offer flexibility of service, providing as much or as little direct involvement with your client as you would like.

If you would like to become a commercial introducer for First4Commercial, building a long-lasting, fruitful relationship that benefits you and your clients, contact us today. You can speak to an expert in the field by calling 01277 620 083, or by emailing info@first4commerical.com. We can help on a single-case basis, or put together an agreement that covers a wide range of instances and clients.

28Oct2018

Building Small Businesses with a Bridging Loan

It can be a complex process to acquire bridging finance when operating a small and growing business within any industry. If you are searching for some financial assistance with which to build your company and move on to the next phase of your growth our expert team at First4Commercial can help you find the right type of bridging finance for your specific needs.

In many cases, with the difficult financial climate of the last decade, a small business will struggle to find a traditional High Street lending source for a commercial bridging loan. At certain points in the roadmap of a successful business there will be times where cashflow is a struggle in order to pay wages and bills, and times where you need that extra bit of cash to push through an expansion or to take on new equipment, machinery and staff.

Bridging finance is a way to alleviate short-term financial problems and to plug the financial gap that can get them through to a period where future funds are definitely going to be available. Without this type of assistance a small business can suffer. With an injection of capital in the form of a bridging loan can give you breathing space when the next set of invoices are due to be paid soon, providing a stable foundation from which to continue business growth.

Our finance specialists at First4Commercial have all the information you require to help you acquire a commercial bridging loan as a small business owner. Call us on 01277 620083 or email info@first4commercial.com.

21Oct2018

Do You Have to be Employed to Acquire a Bridging Loan?

If you are here searching for information about how to acquire a bridging loan you might be wondering about the eligibility criteria that we have in place at First4Commercial. We have developed our service to help a wide range of applicants, from all sorts of financial circumstances and backgrounds, believing that everyone deserves the chance to build a strong future if they can prove they have a solid plan in place.

Whether you are employed or unemployed you can apply for a bridging loan. The condition of eligibility for bridging finance is that the applicant should be an owner of a property that is being used as security when applying for the bridging loan.

There is a caveat for an applicant in terms of property ownership. If the applicant only part owns the property that is being used as security the loan will not go ahead. The applicant must also be able to produce a sales contract for the property that is under discussion, without this the terms will be viewed as invalid. There are also specific bridging finance options for the purchasing of properties at auction, each with different processes and legalities to consider.

If you would like to find out more about the eligibility criteria for a successful application for a bridging loan, you can speak to an expert member of the First4Commercial team today. To do so, you can email info@first4commercial.com or phone 01277 620083 and we’ll be happy to help.

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