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
- Commercial mortgages
- Commercial loans
- Commercial credit cards
- Asset finance
- 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:
- Competitive interest rates
- Potential to grow property equity quickly
- Options to rent out unused space
- Avoid commercial rent payments
Commercial mortgages are not regulated by the Financial Conduct Authority
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