One of the biggest challenges modern businesses face is cash flow. It has become significantly harder for firms of all sizes to borrow money. Borrowing from traditional financial institutions like banks is far from easy. The application process is long and tedious. After waiting weeks for a response, many firms discover that their application has been rejected. However, there are still funds available and a commercial finance broker can help you to find the funds you need.
A broker can help in several ways. They can identify the assets that you have in your business that can be borrowed against, and can find lenders who are ready and willing to lend against those assets.
Virtually every size or type of firm can benefit from using the services of a specialist commercial finance broker. Most firms have assets they can use as collateral to secure loans. Here at Invoice Finance Scotland, we specialise in arranging these sorts of loans. Below is a brief overview of the main types of commercial finance services we can offer.
Asset loans secured on property
Firms that own property can borrow money against it. They can continue to use the property as normal, and can borrow up to 60% of the value of the property.
Asset loans secured against raw materials
Most firms have raw materials, which are just sitting around. Normally, a firm can borrow up to 30% of the value of any raw materials they have already paid for in full.
Asset loans secured against finished products
It is possible to borrow up to 50% of the market value of any finished products. This kind of financing is particularly useful for firms whose sales are seasonal.
Asset loans secured against plant and machinery
All plant and machinery has a resale value, no matter what it is or how old it is. Firms can borrow up to 80% of the market value of their plant and machinery.
Loans secured against outstanding invoices
Finally, firms can borrow up to 90% of any outstanding invoices they have.
If you need a commercial finance broker to help you to find the cash needed to grow and expand your business, give us a call at Invoice Finance Scotland. Alternatively, fill in our quote form or send us an email.Commercial Finance Broker