Chesterfield based commercial finance brokers offing solutions to businesses that require funding for start up or growth.
As one of the UK’s largest commercial finance companies we are here to help grow your business by securing funding facility for business in Chesterfield. We offer a hassle free service for a fast, flexible funding advice at no cost.
Our services are based mainly on commercial finance that is available to Chesterfield based businesses looking to plug the funding gap for their companies, Invoice Finance may be the solution.
Commercial finance Chesterfield
If you are involved within the world of business, then it is likely that you have heard the words “commercial business finance” uttered once or twice. But despite it being common jargon within the industry, it can still conjure up uncertainty for some business owners, unaware of the options available to them.
A simple definition of Commercial business finance is the term given to a huge range of business finance products that include both short and long-term solutions, offered by a provider external to the business.
Businesses seek commercial finance if they have reached a point where growth is required or simply looking to start up and need traction.
One common denominator in obtaining growth is the obstacle commonly know as funding.
Business Funding Solutions
The big advantage of invoice funding for Chesterfield is that the business owner is in control though subject to some reasonable protocols on the part of the lender so they can manage their risk properly without personal guarantees.
Seeking angel or venture capital instead to meet working capital needs involves a surrender of equity or shares, often paying a penal rate of interest on the money invested, having your business run to suit an exit strategy for the investor often to the detriment of its fabric and the fact that much of the capital they invest might be lying idle for much of the time.
A wide variety of invoice factoring providers are available as we work with over 20 lenders. We can use our contacts to compare different providers and come up with the best fit for your Chesterfield business. Business funding covers a whole spectrum of lending for business. Every business is different and needs different business funding solutions.
Types of business funding Chesterfield
Invoice Finance – Invoice finance is a finance facility provided by an invoice finance lender to help Chesterfield business owners leverage their unpaid invoices, giving them an instant cash injection into the business.
On payment of the invoice from their customers the lender will release the final amount minus any fees and charges. The invoice finance lender can release up to 90% of a business’s invoices straight away.
Invoice Discounting – Invoice discounting is an invoice finance facility when a company’s unpaid invoices are used as collateral for a loan. Invoice discounting companies enable businesses to leverage the value of their sales ledger.
With an invoice discounting company, when sending out invoices to customers a proportion of the total amount becomes available from the lender, which provides your business with a source of working capital throughout the month while you wait for the payment of your invoice to be processed.
Business Loans – Business loans are very common and one of the first options for businesses looking to raise finance. The lender provides money that you, as the borrower, pay back, with interest, over an agreed period. This type of funding is secured or un-secured.
Merchant Cash Advance – A merchant cash advance is a type of business funding designed to help businesses gain access to the cash they need in a flexible way. The lender provides the business with a cash advance which it pays back through a percentage of its customers’ card payments using a card terminal.
Bridging Loan – A bridging loan is a short-term finance option for buying property. It ‘bridges’ the financial gap between the sale of your old house and the purchase of a new one.
If you’re struggling to find a buyer for your old house, a bridging loans could help you move into your next home before you’ve sold your current one.
Business start up funding Chesterfield
If you are a start up based out of Chesterfield and require start up funding, there are a number of avenues you can go down. Business enterprise fund Destination Chesterfield is one you could try if you are based within D2N2 Local Enterprise Partnership Region. There are also a number of Government start up schemes available to start ups in Chesterfield and Sheffield.
We also can arrange a number of funding options for start ups, these include, invoice finance, business loans and asset finance. Some are secured, some are unsecured, most are subject to status so worth making contact to asset your position.
Commercial business finance broker Chesterfield
As the leading commercial finance broker in Chesterfield, we understand the funding markets, from invoice finance to a business loan we can assist.
We have a great relationship with nearly all the lenders, from high street banks to sub prime lenders should your business be suffering a temporary cashflow problem. We are happy to meet at our offices or we can hold meeting at your business premises for convenience.
We have been a leading player in this marker since 2010. If you require more information on business finance, simply complete the online enquiry. once it has been received a funding specialist will return your call.
You can discuss your need and hopefully we will answer any of your questions you may have.