Commercial Finance
Whether you are a startup, a growing SME or an established corporation, having access to the right commercial finance solutions can help you to achieve your business goals.
OUR APPROACH TO COMMERCIAL FINANCE
Our team of financial experts possesses in-depth knowledge of the UK’s commercial finance landscape. We stay up-to-date with industry trends and regulations to provide you with the most relevant and accurate advice.
This product is perfect for customers who are looking to grow either organically or by acquisition. Both will cost money and we provide funding for companies to achieve this.
When your business requires an asset that has a probable life expectancy, leasing may be the product as it is preferable for assets that potentially become obsolete very quickly. A lease can be tax advantageous and helps a business preserve both cash flow and also bank facilities.
When a business is looking for asset finance but does not want the restriction of a fixed term lease then perhaps a hire purchase is the product. Like a lease agreement is allows the customer to pay for the asset over a fixed period of time but results in the customer owning the asset at the end of the term.
A loan to your business from a lender that doesn't necessarily have a relationship with you. The fixed term nature of a commercial loan ensures easy cash flow forecasting as the loan is immune from other economic changes that effect interest rates.
Who can access Commercial Finance in the UK?
Any business in the UK can make an application for commercial finance, however the criteria and application process will vary significantly. To apply for commercial finance, most providers will require business bank statements, management accounts and details about the directors. The process might differ depending on whether you are requesting a secured or unsecured agreement.
Which type of Commercial Finance is right for your business?
As with all financial decisions, there is no one correct answer to which solution is best for your organisation. It is important that you understand the implications and options available to you, and we at Mill Wood Finance can help you to understand the opportunities and potential pitfalls of commercial finance.