Asset

Finance

Asset finance is used by companies to finance the cost of attaining and using equipment required for growth. Generally, this means your business will agree with an asset finance provider for them to purchase equipment which your business then agrees to rent from them over a certain period, over which you’ll pay regular rental charges, asset financing agreements are between 1 to 5 years.

Hire Purchase

Hire purchase is another form of asset finance, where businesses can spread the cost of a particular asset over an extended period. An asset finance lender agrees to buy the assets for the company outright in return for a deposit, usually 10% of the purchase value. The business must then repay the remaining asset value in regular instalments, with a final payment at the end of the lease period. Following this final payment, the company receives ownership of the asset.

Non-regulated facilities only to any UK registered Ltd company 

Min £8,000 – Max £500,000 for a single asset and £1m for a single client

12 months – 60 months

Funding released within 24 hrs

Security required – the asset being financed

Dedicated relationship manager

 
 

Invoice Finance

Businesses that are trading and generating revenue, then invoice finance is a great way to increase your cash flow and raise funding quickly, especially for service companies with long invoice payment terms of 30, 60 or 90 days. Invoice finance means that a third party will buy unpaid invoices owed to your company. They’ll pay you up to 85% of the value immediately and the remainder once the invoice has been paid to them (minus a fee.)

Up to 95% of your unpaid invoice value up to 4mill Max 

 

Revolving working capital facility

 ​

Funds are released within 24 hours of receiving invoices

Security required – assignment of invoices supported by debenture

 

Dedicated relationship manager

 

Bridging Finance

A bridging loan is a secured loan that fills the gap between making a purchase and other funds becoming available.

they are secured on your own property, land or another high value asset to be eligible.

Developers often used to fund projects (buy one property while you're waiting wait to sell another.)lenders Typically quote a maximum loan to value (LTV), usually between 65-80%.

the lenders charge monthly interest on your loan. They will not quote the annual percentage rate (APR) because the loans may not even last a whole year. They may only last a months 

Loans from:  £12,000 to £15M


Interest Rates:  From 0.48% per month


Loan Terms:  From 3 to 36 months

Up to 75% of property value​


Up to 60% of the land value​


Charge:  1st or 2nd charge will be required over the security being offered

 

Business Loan

A bridging loan is a secured loan that fills the gap between making a purchase and other funds becoming available.

they are secured on your own property, land or another high value asset to be eligible.

Developers often used to fund projects (buy one property while you're waiting wait to sell another.)lenders Typically quote a maximum loan to value (LTV), usually between 65-80%.

the lenders charge monthly interest on your loan. They will not quote the annual percentage rate (APR) because the loans may not even last a whole year. They may only last a months 

Borrow £10,000 to £500,000 for up to 48 months

 

Unsecured and secured borrowing options

 

Receive funding in as little as 48 hours

Flexible loans , including penalty-free early repayments, top-ups and repayment holidays

 

Ongoing support from a dedicated relationship manager

 

Secured or Unsecured

A few lenders specialise in one or the other and others do both. Secured business loans generally have a higher borrowing limit. They are secured against an asset, such as property, vehicles or machinery (these loans are effectively asset-based lending, a type of asset finance).

Unsecured loans are generally for smaller amounts. The security in place for the lender is an agreement you’ll make regular repayments.

 

Secured loans are more then often easier to attain because there’s less risk to the lender. This makes them a better choice for people with poor credit but who are asset rich. Which is best for you depends on the amount you wish to borrow.

Charge:  1st or 2nd charge will be required for secured lending.

Direct Personal guarantee for unsecured lending.

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TFB 1 LTD  is an independent Commercial finance broker and not a lender. we can introduce you to a wide range of finance providers depending on your requirements and circumstances. We are not independent financial advisors and so are unable to provide you with independent financial advice.

The Business Finance T/A TBF 1 Limited is registered in England and Wales under company number: 12638609. Registered office: 27 Old Gloucester Street, London, United Kingdom, WC1N 3AF.

©2020 by The Business Finance. 

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