I CAN remember when I bought my first business I spent hours pondering how I was going to pay for it and where the funds would come from. In those days (some 30 years ago) the choice of sources of commercial finance were far fewer than they are today. Luckily, I had a very friendly bank manager who I had known for years and who was prepared and able to make a decision to provide the loan we needed.
Today, the situation is significantly different. In some ways, the prospects of raising commercial finance have improved dramatically. This is particularly true in terms of the potential sources. In the “old’ days there were the banks and just a small number of niche lenders. Today, there is a far greater range including specialist property development lenders, invoice finance and trade finance houses plus, of course, the new challenger banks, to name a few.
The arrival of the internet has also make a dramatic difference. Online communication with all lenders is much quicker and more effective than it ever was before. It has also resulted in the arrival of new types of lenders such as the various crowd funding platforms that would not have been possible without the internet.
Changes in Government attitudes to commercial lending have also had an effect. Their slow realisation that commerce is not only the lifeblood of the economy but that it needs better access to finance if companies are to compete with their rivals around the World, has further aided the access to that finance. A good example of this is the ability to use funds from personal pensions as a capital injection into a business
The biggest problem now is to know “who offers the best deal for my business?”. Who are these funders and how best to deal with them? In our experience many business managers/owners spend an inordinate amount of time trying to solve the problem of how and where to find the best kind of commercial finance to match their needs. Our advice is, “don’t let it become a problem, ask us for help”. We can step in at any stage to save you a great deal of time and money and, often, frustration!
If you want to talk to us about the finance your business needs then simply call us. We’ll listen to what you have to say, and help you to find the funding you need, leaving you to concentrate on the rest of the job of managing your business. Call Business Finance Services on 01327 349779 to speak to one of our team, or send us an email to: An initial conversation will cost you nothing but may save you a lot.
