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

16Oct2018

Seeking a Commercial Mortgage with Adverse Credit

Starting a business is never easy, and we know that people entering the world of owning a business come in all shapes and sizes. In the vast majority of cases a business will require funding at some point and a commercial mortgage offers the chance for a company to build something solid for the future. What happens though if you have adverse credit and you are looking for a commercial mortgage?

For some traditional lenders, adverse credit is a problem they cannot overcome, but at First4Commercial we believe that everyone has a chance to put forward a case. We understand that not everything runs smoothly for every single person and we have links with a wide range of lending streams, tailored to suit your needs specifically.

You shouldn’t be hindered from building a strong future for your business purely because you have suffered with bad credit, and a commercial mortgage with adverse credit should be a possibility for you if you can prove that you have a solid plan in place for your business.

If you have suffered a poor credit score due to missed mortgage payments, CCJs or other black marks on your credit file First4Commercial could still help you secure a commercial mortgage. We offer non-status commercial loans that allow for customers to have a self-cert approach and to have the flexibility to succeed with their business.

For more information contact First4Commercial today on 01277 620 083 or email info@first4commercial.com and a friendly member of our team will be able to help you understand your choices for a commercial mortgage with adverse credit.

5Oct2018

Bridging Loans from £5,000+ with First4Commercial

At First4Commercial we believe in providing our customers with the chance to succeed immediately, and not to be hindered by the stumbling block of a lack of cash for a few days or weeks. There are countless projects that require immediate assistance in the form of a bridging loan, and we offer commercial bridging loans starting from £5,000 to our customers.

In many cases, a bridging loan service could be the difference between successfully completing a transaction to purchase a property for development or missing out completely, or to clear business debts in order to steer clear of bankruptcy as opposed to losing a business to insolvency.

The speed of our £5k bridging loan service is what makes it most appealing to our customers. We can help you secure a financial package with a fast turnaround when you compare us with other, more traditional lending sources. If you are searching for bridging finance, the likelihood is that you haven’t got weeks and months to work through loan application processes in order to secure funds. We can give you an answer within a short timeframe, offering bridging finance with rates as little as 0.45% per month.

As long as you can provide us with clear information about your exit strategy on the project and have that route to pay us back within a set period of time, we can put together a package of bridging finance to help you in most situations that require a jumpstart whilst other financial solutions are being finalised.

For more information about the First4Commercial service and specifically about our bridging finance product from £5,000, call us on 01277 620083 or email info@first4commercial.com

24Sep2018

Reasons to Seek Out a Bridging Loan

Bridging loans don’t have to be complicated. At First4Commercial we understand that every case is different, and when you come to us for help you’ll have a different reason for requiring a bridging loan than the next person. Our service is geared towards helping people in a wide range of circumstances and situations to acquire bridging finance that will help them get to where they need to be.

This includes the following scenarios:

Refurbishment of a Property – In some cases a newly purchased property will require significant refurbishment work to take place before it is completed and fit for habitation. A bridging loan can help fund the purchase of materials, equipment and specialist tradespeople before you sell on the property.

Cover Unexpected Employment Bills – As more and more people in the UK are working as freelancers or starting their own businesses we often see cases where they are hit with unexpected (or larger than expected) tax bills and other associated costs. If you haven’t yet had chance to build up savings, a small bridging loan can cover you until the next large project is paid by your clients.

An Alternative with Bad Credit – If you have bad credit some traditional lenders might not wish to give you a chance. At First4Commercial we are geared to assist all clients seeking bridging finance, even if you have struggled to acquire credit through other avenues prior to contacting us.

No matter your situation the friendly team at First4Commercial is here to help. Find out more by giving us a call today on 01277 620083 or by emailing info@first4commercial.com and we’ll get back to you at your convenience.

15Sep2018

Expand Your Business Operations with Bridging Finance

Every business has that moment where they either stick or twist in terms of expanding the business operations. For many business owners the sticking point comes with the cost of moving offices, hiring more staff, more equipment and creating that larger space to work out of.

In order to be successful a business has to show a willing to explore innovation, to shift with the times and specific needs and nature of their customers and look to move forward at all times. This is the same in any industry, and if you are on the cusp of requiring new office or factory space in order to move to the next level of your business, you might be worried about the funding of such an endeavour.

With a bridging loan from First4Commercial we’ve got you covered. We can help you with a commercial bridging loan that covers the cost of:

 

  • Expansion into brand new offices to accommodate influx of new employees
  • Adaptations to existing workspace to accommodate new employees
  • Purchase of much needed equipment and machinery
  • Hire specialist staff for an overhaul of company training

As long as you have a strong business plan in place, and can use your commercial premises as security, we have the contacts in place to find you the perfect bridging funding to help you take that next step in the journey you are on running your business. It could be the key to allowing your business the breathing space to thrive. Find out more by contacting our friendly team on 01277 620083 or by emailing info@first4commercial.com.

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