Successfully Funding Thousands Of UK Limited Companies Since 1989
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Gone are the days when the high street banks were the only option for financing a small business. You now have a range of alternative finance products that offer greater flexibility and ease of access and you don’t have to be tied to a regular monthly repayment schedule.
Whether you need funding to stabilise your cash flow or you have growth in mind and are looking to purchase new equipment or vehicles, UK Business Finance will ensure you understand your small business financing options and apply for the most suitable product.
Here are some of the potential options:
All forms of invoice finance use the value of unpaid invoices to provide cash injections throughout each month. Depending on your requirements, you can obtain invoice finance by way of either an invoice factoring or an invoice discounting agreement:
The invoice financier releases a pre-agreed proportion of your invoices within 24-48 hours, which provides reliable working capital for your operational needs or as a foundation for growth.
Working capital finance may be a good choice if you’re undertaking a new development project and need additional funding. An example of working capital business finance is revolving credit.
Revolving credit works in a similar way to a bank overdraft as a credit limit is set by the financier. You can use the credit facility and repay it as many times as you like during the term of the borrowing.
Tax loans spread the cost of your tax bill, with terms of up to 18 months typically available. They’re commonly used for VAT and corporation tax liabilities that would otherwise cause cash flow problems and financial instability for a business.
Repayments are set for the term, giving you valuable ‘breathing space’ and avoiding unwanted scrutiny from HMRC. Tax loans are also flexible in that you can apply after you’ve paid your tax bill.
Asset finance enables you to purchase expensive hard assets but pay for them over time using a hire purchase agreement or leasing. It can be used to buy equipment or machinery, for example, or even to fund a fleet of vehicles, without using up your business capital.
UK Business Finance are commercial finance brokers and can find the best finance deals for your small business. We take a whole of market approach and charge no fees for our services. Please contact one of the team to find out more about how we can help.
We work across a wide range of sectors throughout the UK, providing specialist advice to each sector.
What can company finance be used for?
Business finance can be used for a multitude of purposes within a company, from boosting general cash flow to funding development projects and buying stock. Its flexibility and adaptability to an individual business’s needs make it ideal whatever stage of business you’re at.
Management buy-in financing options
If you’re considering being part of a management buy-in (MBI) or you’ve decided to sell your own business to an incoming management team, there are several ways in which the transaction can be financed.
Can I get business finance if my company is insolvent?
If your company is insolvent, it’s vital to stop trading straight away and obtain assistance from a licensed insolvency practitioner. The insolvency practitioner’s role at this point is to assess your company’s financial situation so that they can provide guidance on whether additional finance is appropriate.
Can’t pay company bridging loan – what are my options?
A bridging loan is a form of short-term finance that lasts for up to 12 months. It provides vital funding between transactions when a company purchases one property before the sale of another has been completed.