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Commercial Finance Advice

Commercial finance is a term you may have heard before but are not completely sure of what it entails. This page will explain commercial finance in further detail. Speak with our commercial finance advisers if you need help securing commercial finance for your business venture.

What is commercial finance?

Simply put, commercial finance is a range of financial products that can provide businesses with short or long-term financial solutions. It helps businesses to grow or overcome difficult periods during operation and is most used by SMEs and global businesses expanding into new territories.

Why might I need commercial finance?

Commercial finance products are often used to help businesses buy or develop commercial properties. There are a range of commercial mortgage options for different situations. However, it can also be used to buy stock and for other means through commercial credit cards and loans.

Different types of commercial finances

  1. Commercial mortgages
  2. Commercial loans
  3. Commercial credit cards
  4. Asset finance
  5. Specialise commercial finance

What fees are involved?

The main fee when using commercial finance is the interest payable on the amount of money borrowed to purchase the asset(s). There may be additional fees to consider, such as closing costs or early repayment charges.

The benefits of a commercial mortgage

There are many benefits of using a commercial mortgage to buy or develop commercial properties, namely:

  1. Competitive interest rates
  2. Potential to grow property equity quickly
  3. Options to rent out unused space
  4. Avoid commercial rent payments

How to get commercial finance?

Commercial finance is available through a wide range of banks, online lenders, and financial institutions. You can research and apply for commercial finance with many lenders. Your business finances will be assessed before the lender agrees to lend you the money.

Why use an adviser to find the right commercial finance?

A commercial finance adviser will search the market to look for suitable commercial finance options based on your business needs. They can assist you in preparing documentation ready for financial assessment and make the application process smoother. Their work may even help you secure a more attractive financing option to save your business money. Their services are tax-deductible to boot.

Reach out to one of our Moneysprite commercial finance advisers to discuss your finance options. We have advisers from New Forest to Norwich and back down to London, Birmingham and the South East, and help clients across the UK. Our friendly and patient team are here to assist you.

Request a callback from one of our advisers

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