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 are my options if I need business finance urgently?
Regardless of how closely you monitor your company’s cash flow, the nature of business means you may still need finance urgently at some point.
What is equity finance?
Equity finance is a business funding option that involves selling shares in return for investment. It’s commonly used by start-ups or early-stage company directors wishing to get their businesses off the ground and propelled towards rapid growth.
Hard asset finance v Soft asset finance
Hard asset finance and soft asset finance both offer flexible ways to purchase business assets. Whether you need a new piece of machinery to increase output or state of the art IT equipment, these types of asset finance options are invaluable in buying them affordably.
Regulated v Unregulated bridging loans – what’s the difference?
Bridging loans are finance facilities that help consumers and businesses to complete property transactions when a financial ‘gap’ needs to be bridged. Examples include a consumer purchasing a new home to live in and a business investing in commercial property.