Your cash flow finance options - coming out of lockdown

Posted by Emily Eaton on Jun 29, 2020 4:53:07 PM

As we finally come out of lockdown and restrictions begin to ease, many of us are relieved, if not a little nervous, to have our businesses back open and trading again.

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Topics: Invoice Financing

Do you have a funding gap for VAT?

Posted by Emma Robison on Jun 29, 2020 4:38:09 PM

If, before lockdown, you had ordered or were looking to purchase new equipment or commercial properties, all which are subject to VAT liabilities, you may now find that you have a funding gap for the VAT.

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Topics: Business Finance, Covid-19

Bridging Finance

Posted by Mark Chandler on Jun 22, 2020 1:13:47 PM

This is a general term that refers to short-term finance in relation to the purchase or refurbishment of property. It enables you to move quickly to secure desirable properties and, whilst it is more expensive than traditional forms of property finance, it gives you the ability to exploit property transactions at short notice. These types of loans are typically available up to 65% of the 90 day value of the property, with interest rates ranging from 75% per month to 3% per month. With fees of 2% on entry of the loan and 1% on exit of the loan. It will be prudent to point out with bridging facilities an exit strategy is always required to be in place at the outset. Terms range from 3-18 months

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Topics: Bridging Finance

Property Development Finance

Posted by Mark Chandler on Jun 15, 2020 10:07:23 AM

Property development finance is a flexible way of financing the development of commercial and residential properties for onward sale to third parties or heavy refurbishment of existing properties. Typically, a deal can be financed if the business can inject the funds to purchase the land, with finance available up to 85% of overall costs -normally capped out at 65-75% of Gross Development Value (GDV).

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Topics: Property Development Finance

Investment/Portfolio Finance

Posted by Mark Chandler on Jun 9, 2020 11:28:57 AM

This refers to property ownership for anything other than self-occupation. This enables you to build a comprehensive property portfolio to, for example, save for retirement or provide ongoing income for your family. Typically, finance is available up to 80% of the property value with interest-only options available, and lenders tend to look for a minimum 125% coverage of the repayments by rent at a stressed base rate of 3.5%.

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Topics: Portfolio Finance

What you need to think about when considering a Commercial Mortgage

Posted by Mark Chandler on May 21, 2020 2:31:48 PM

Commercial mortgages are available to a wide variety of businesses, from sole traders to limited companies. They are a very versatile method of raising funds for property purchase, property refurbishment and capital restructuring.The lending criteria will be based on the ability of the business to service the loan repayments, which is aligned to the profitability and cash flow of the company. Ideally, most banks and Finance Houses will look for a two times services coverage of the loan repayment, but in certain circumstances this can be relaxed. 

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Bounce Back Loan Scheme

Posted by Emma Robison on May 4, 2020 5:26:16 PM

What you need to know about the Bounce Back Loan Scheme (BBLS)

From today, small businesses that have been adversely impacted by the Covid-19 outbreak can apply to the Bounce Back Loan Scheme. Businesses can apply for loans between £2,000 and £50,000 for a fixed term of 6 years. The maximum you can borrow is up to 25% of your business’ turnover in 2019.

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Topics: Business Finance, Covid-19

Government announce Bounce Back Loan Scheme for Small Businesses

Posted by Emma Robison on Apr 29, 2020 11:46:15 AM
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Topics: Business Finance, Covid-19

Administrative and financial specialist firm WLR opens new office in the South West

Posted by Emma Robison on Apr 29, 2020 10:06:22 AM
Our sister company, White Label Resources Ltd (WLR), has opened a new office in Looe, Cornwall to support SMEs in the region.
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Topics: Business Finance

Health Check for the Health Sector UPDATE

Posted by Leo Magee on Apr 20, 2020 3:57:14 PM

We are living in extraordinary times.  Who could ever have envisaged certain sectors such as Dentistry (especially those with a significant high margin private client base), would be experiencing a period of extremely restricted income. And whilst you can restrict your overheads with the use of furloughing your PAYE staff, negotiate reduced payments with your landlord and utility companies, non-payment of your self-employed colleagues such as Hygienists, therapists and Associates, in the short term levels of income will be significantly impacted. 

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Topics: Covid-19

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