Business Loans

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.

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.)

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

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

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.