We understand
Our commercial finance advisors take time to fully understand your business and your finance needs and work with you, and our lenders, to find the right solution for you.
We are flexible
Our team have worked with over 100 lenders with whom we have no ties, ensuring that we really can search the entire market to find the right package.
We are experienced
Prosperity Commercial has a wealth of experience. Our team have more than 100 years of Commercial Banking experience gained in High Street Banks and National Advisory Firms.
Commercial
Commercial Finance Advisors
The team at Prosperity Commercial Finance are all independent finance specialists with many years’ experience sourcing funding for businesses. Whether that be loans, commercial mortgages, asset finance, invoice finance, trade finance, and much more. Our independent finance specialists will help you navigate through the options so you can make an informed decision when choosing the right funding solution for you. We understand what lenders are looking for and will liaise with them on your behalf to give your application the best chance of success.
Commercial
Business Loans
Whether you are looking to invest in staff, stock, research and development, moving premises, consolidating debt and much more, a business loan can often be the right the solution. Understanding what loans are available to you, over what terms and how to access them is where we come in. From an initial assessment, our team of experts can talk you through the different options that could be available to you and demonstrate how the products would support your business, helping you understand your options.
After getting to know your business and what’s most important to you about the finance, we will know which lenders to approach and what they are looking for in the businesses they lend to.
Commercial
Commercial Mortgages
Many businesses seek to own the premises that they trade from and indeed owning property for the purposes of investment is also very common. Commercial mortgages for both owner occupiers and property investors are available.
There is an array of products on the market and funding can be sourced for a variety of property types on both an interest only and repayment basis.
Commercial
Asset finance
Asset finance is most associated with the finance used to purchase business equipment, such as vehicles, plant & machinery, office fit outs etc. This can be for the purchase of new or used assets and terms can vary dependent on the assets being purchased, the age of the asset and the lender. Asset finance can also be used to generate cash for a business by releasing equity from already owned assets on the company’s balance sheet. There are several different options of asset finance, from Hire Purchase, to Leasing and Contract Hire to name a few, and that’s where our advisers come in.
Our Independent Financial Advisors are on hand to help you understand what your options are, how they could work for you and then guide you through the application process. We understand the requirements of the finance providers and we will liaise with them on your behalf to make the process as smooth as possible.
Commercial
Invoice Finance
Invoice finance is a way of releasing cash that is tied up in a company’s debtor book (unpaid invoices). The lender takes security over the unpaid invoices and releases a percentage of the invoice value to your business. There are multiple options available, from lending against 1 or a couple of specific invoices, or just lending against a specific debtor to lending against the whole debtor book. You can opt to borrow for as little as a few days, to having the security of a facility being in place for a few years. It really can be as flexible as you would like it to be. A typical example as to how this could improve your business’s cashflow would be if you offer your customers credit terms of 60 days, but you have to pay your suppliers in 30 days, there would be a cashflow timing difference and this could put pressure on the company’s cashflow or prevent growth. At Prosperity Commercial Finance, we understand that these types of facilities can be complicated and have many factors to consider. We are here to guide you through the options, make sense of any finance jargon and help to make the decision-making process as simple as possible.
Commercial
Bridging finance
Sometimes timing just does not work out and bridging finance can help you to purchase a property while you wait for the sale of another. Alternatively, it can be used for short term funding when the intention is to refurbish a property and then sell on quickly.
Commercial
Trade finance
There are several types of trade finance facilities but most commonly this facility is used to pay suppliers and then bridge the cashflow timing difference until you receive the funds from your customers. These facilities are typically used for companies that internationally trade as goods often have to be paid for before they are shipped, and then it can take time to get the goods to the UK, complete the relevant quality checks and then distribute the goods. This can cause cashflow issues with the extensive gap between paying your supplier and receiving any funds for the goods.
Other options of trade finance include, but are not limited to the following:
- Bonds & guarantees
- Letters of credit
- Foreign exchange
Commercial
Peer-to-peer finance
This is the practice of lending money where lenders are matched with borrowers and there are now several players in this market. This form of funding is becoming ever more popular as an alternative to traditional bank finance.
Commercial
Grant funding
There is an array of business grants available and we can put you in touch with a firm we have worked with for several years. They can advise whether there are grants available in your area and manage the application for you, from start to finish. Contact us to learn more about commercial finance advice today.
