You maybe a business owner located in Birmingham and wondering what types of commercial finance is available for your business in 2022
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 Birmingham and the West Midlands. 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 Birmingham based businesses looking to plug the funding gap for their companies, Invoice Finance may be the solution.
Commercial Finance Birmingham
If you are involved within the world of business, then it is likely that you have heard the words “commercial 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 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.
Birmingham based 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, as one of the leading finance companies in Birmingham we are happy to help.
Business finance Birmingham
Access to business finance is essential for any company looking to expand or invest in new projects. Birmingham is home to a number of financial institutions that can provide the funding needed to support business growth.
The city is also home to a number of specialist financial advisers who can provide guidance on the best way to access finance. In addition, Birmingham is home to a number of professional networks that can connect businesses with potential investors.
As a result, Birmingham is an ideal location for businesses seeking to raise finance.
Finance companies in Birmingham
Birmingham is one of the UK’s leading financial centres, home to a number of major banks and finance companies. The city’s financial sector employs thousands of people and provides a vital contribution to the local economy. Birmingham is also home to a number of specialist finance companies, providing a wide range of services to businesses and individuals.
Whether you’re looking for financing for a new business venture or advice on investing your savings, there’s sure to be a finance company in Birmingham that can help you. With such a diverse range of organisations operating in the city, you’re sure to find the right solution for your needs.
Types of business funding Birmingham
Invoice Factoring – Invoice factoring is a finance facility provided by an invoice finance lender to help 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. Factoring companies in Birmingham are always happy to support local businesses by 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 Birmingham
If you are a start up based out of Birmingham and require start up funding, there are a number of avenues you can go down. Business enterprise fund Birmingham is one you could try if you are based within the West Midlands Combined Authority.
There are also a number of Government start up schemes available to start ups in Birmingham.
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 finance brokers Birmingham
If so then it may be worth considering invoice factoring as a funding solutions for your Birmingham business. This allows you to gain access to essential funds as soon as your invoices are sent out, giving you the capital you need to grow your business.
We are a local Birmingham commercial finance brokers if your West Midlands based business, looking for commercial finance please complete our online enquiry form and a funding consultant will contact you by return.
Seasoned professional with a strong passion for the world of business finance. With over twenty years of dedicated experience in the field, my journey into the world of business finance began with a relentless curiosity for understanding the intricate workings of financial systems.