Welcome to our FAQ page. Here you’ll find answers to common questions regarding commercial finance, our services, and how we can help your business grow. If you have a question that isn’t answered here, please contact us directly.
- What is commercial finance?
- Commercial finance refers to a range of funding solutions designed to help businesses access capital for growth, investment, or managing cash flow. This can include loans, asset finance, invoice finance, and more.
- How is commercial finance different from a traditional bank loan?
- Commercial finance offers a variety of tailored funding options beyond traditional bank loans, often with more flexibility, faster approval times, and solutions customised to your business needs.
- Who can apply for commercial finance?
- Commercial finance is suitable for businesses of all sizes, from sole traders to large companies, operating in any industry sector.
- What types of commercial finance are available?
- We offer asset finance, working capital loans, commercial property loans, equipment finance, business purchase loans, Equity release, and more. Our team will help you find the right solution for your needs.
- About Our Services
- What does a commercial finance broker do?
- A commercial finance broker acts as an intermediary between you and lenders, assessing your needs to find the most suitable finance products, negotiating terms, and managing the application process on your behalf.
- How do I apply for finance through your brokerage?
- You can start your application online, over the phone, or by booking an appointment with one of our advisors. We will guide you through the process and advise you on the best options available.
- Is there a fee for your services?
- Our initial consultation is usually free. Depending on the complexity of your requirements and the product chosen, a fee may apply, which will be fully disclosed before you proceed.
- How long does the finance process take?
- Timeframes vary depending on the type of finance and the lender. Some products can be approved within 24-48 hours, while others may take a few weeks. We strive to ensure a smooth and efficient process.
- Eligibility & Documentation
- What documents do I need to provide?
- Typically, you’ll need to provide financial statements, identification documents, and details about your business and the purpose of the finance. We’ll give you a checklist tailored to your application.
- Do I need a good credit rating?
- While a good credit rating is helpful, there are finance solutions for businesses with less-than-perfect credit. We work with a range of lenders to find an option that suits your circumstances.
- I have a bad credit score can you help?
- A bad credit score can occur for a number of reasons. We will sit down with you and docuss those reasons, and identify the actions needed to improve your score. From this we can work out the best options for you.
- Can startups or new businesses apply?
- Yes, we work with lenders who offer products specifically for startups and new businesses, though requirements may differ from established businesses.
- After Approval
- What happens after my finance is approved?
- Once your finance is approved, There will be confirmation sent out with any conditions to be met. A standard option is Insurance coverage for the financed assets. Then loan documents can be drawn for signing. After this the funds will be released and paid out according to the agreed terms. Our team will continue to support you with any questions or additional needs you may have.
- Can I repay early or refinance?
- Many finance products offer early repayment or refinancing options. We can provide guidance on the terms and help you switch products if your needs change.
- Contact & Support
- How can I contact your team?
- You can reach us via phone, email, or through our website’s contact form. Visit our Contact Us page for details.
- Do you provide ongoing support?
- Absolutely. We offer ongoing support and advice for all our clients, ensuring you get the most from your finance solution both now and in the future.