Funding
Whether your business is large or small, long established or fledgling, liquid or experiencing cashflow difficulties, you can benefit from the services the business is able to offer through our relationship with ABL Business Ltd.
Business Financial Solutions Scotland Ltd are an Appointed Representative of ABL Business Ltd
SME’s are increasingly finding their existing overdraft facilities too restrictive and with the banks being unwilling to lend more whilst also requiring more personal security and higher fees, the business owner must look elsewhere to secure alternative funding for your business.
This has allowed alternative forms of funding to step in and fill some of the vacuum, with a variety of flexible facilities being available such as asset based lending. Many businesses have capital tied up in assets, such as stock, plant & machinery and property. Asset based lending allows the cash held within these assets to be released into the business, giving you fast access to substantial sums of working capital.
Who is asset based lending for?
Asset based lending is generally aimed at larger companies. Normally asset based lending facilities will only be available alongside an invoice discounting facility.
Why asset based lending could work for you:
Business Financial Solutions Scotland Ltd can assist you in obtaining asset finance to purchase all types of equipment from plant and equipment to company vehicles. Asset finance accounts for the majority of debt-finance. Around one in three small businesses that have any external borrowing use asset finance as it is a great way of releasing cash tied up within the business.
The types of asset we specialise in are:
- Commercial vehicles
- Cars
- Recovery vehicles
- Machinery
- Aircraft
- Taxis
- Buses and coaches
- Medical equipment
- Heavy goods vehicles
- Plant and equipment
- Agriculture
- Marine
Types of Asset Finance: Hire purchase:
- Hire purchase gives full ownership of the asset at the end of the agreement.
- Structured repayment periods to suit your cash flow.
- Fixed monthly payments available to help with budgeting or variable rates if preferred.
- Tax advantageous as VAT is usually reclaimable and repayment interest can be offset against profit.
Finance lease:
- Allows full use of the asset but without ownership. Rentals are paid over the term of the agreement.
- Low initial costs so you can start earning from the assets immediately.
- Rentals to be tailored to your cash flow.
- Fixed interest to avoid changes in the base rate or variable interest if preferred.
- VAT is only payable on the rental not the purchase price.
- Can be tax advantageous.
We work with a variety of funders so you can ensure that you get will get the best asset finance package that will work for you and your business.
Fast Business Loans £5k – £500k:
Looking to expand? Need some working capital? Buying some machinery, equipment or vehicles?
We can find you unsecured and secured business finance quickly. No business plans, forecasts or lengthy applications needed.
We are pleased to announce we have access to selection of business loans from £10,000 to £750,000. These are available up to a term of 6 years. Simple, quick and flexible, this provider connects you with multiple individuals who want to lend money at competitive rates.
Loans can be for any purpose (except property development): unsecured loans from £5,000 – £100,000, secured loans from £100,000 – £500,000 and large asset finance loans from £50,000 – £500,000
Invoice finance enables you to unlock the funds tied up in one of your biggest assets; outstanding customer invoices. Invoice finance gives you an immediate cash injection and then an ongoing supply of funds into the business based on your level of sales.
Which type of businesses benefit from invoice finance?
- Fast-growing firms lacking the capital resources and cashflow to fund expansion plans.
- Start-up businesses and young companies with a turnover of at least £50,000 per annum (all funding decisions are based on the strength of current sales ledger and not past trading performance).
- Larger businesses looking to fund a range of major transactions – such as Management Buy-Outs (MBOs), mergers and acquisitions.
- Those businesses that have cashflow difficulties or who have been the victim of late payment.
We work with a variety of funders so you can ensure that you get the best invoice finance package that will work for you and your business.
We can help with your commercial and investment mortgage requirements. There are a variety of funders that you can apply to including some that are exclusively available to us as commercial finance brokers.
The team can help you negotiate and package your commercial property and mortgage and property finance requirements such as:
- Commercial owner occupied mortgages
- Commercial investment mortgages
- Development property finance
- Bridging loans
We work with a variety of funders so you can ensure that you get the best property finance package that will work for you and your business.
"Jason Mcleod has extensive business banking experience and many years of experience assisting businesses in raising capital"
Jason McLeod
(BA PB Cert), Director
Commercial Finance Broker
07769217722
jason@abl-business.co.uk
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