Secured Loans Made Simple

Welcome to our September Newsletter.

As we fall into Autumn, the broker team is ready and waiting to help your customers. With the summer holidays over, we are expecting a very busy few months.

We are happy to look at all deal types, but please see below some key areas that make us different from many other lenders in the marketplace:

1)      Declines – The past couple of years have been tough for UK businesses, and many will have a reduced trading income with blemishes on their credit file but desperately require funding to get their business back on track to carry on trading or expand. Many lenders will be very cautious and have tightened their criteria, increasing the levels of rejected applications. However, we are happy to look at these deals and provide a commercial decision and look to provide you with adequate approvals whenever possible.

2)      New Start & business purchase specialists – With the UK recovery beginning, there are many individuals looking to take the plunge and start their own business. We are happy to look at all new starts or business purchases and make your customers’ plans become a reality.

  3)    3rd Party Guarantee – We are always happy to accept third-party guarantors. If your lenders are unable to fund the customer, as they are a non-homeowner or have minimum equity and do not meet the standard criteria, it’s always worth asking if they have a guarantor? You will find many business owners have family support to help them get their business where it needs to be.

Take a look below at just a couple of deals the team completed last month.

If you or your team have any questions, never hesitate to call or email your Broker Manager

Call on 01234 717367 or E:sam.england@nationwidefinance.co.uk

Deal of the Month
Funded: £80,000.00
Business Type: Woodworking Company 
The Solution:  A joinery business trading for 8 months required funding for expansion. The challenge for the business was that many lenders would not consider it, as they had only been trading for 8 months and there was also a liquidated business in the background. In spite of this, the business financials were good and property security gave our credit team a good level of comfort. The transaction was completed in just a few days, enabling the business to continue its expansion plans.
Funds were secured with a 1st charge over a 5 year term.
Funded: £50,000.00
Business Type: Software Developer
The Solution: An existing customer coming back to his broker for the third round of funding. The business currently has a modest turnover but has been developing a new product, which will change the business’s profile. Our final round of funding will enable the business to get the new product to market, the customer already has pre-orders and now will be able to provide these orders and grow the business.  
Funds were secured with a 1st Charge over a 4 year term.
Helping Businesses get the loans they need
 
 Cash Flow Loans
 HMRC & VAT Debt
 Loans for Start-Up & Business Acquisitions
 3rd Party Guarantors 
 Declines Considered 
 
CASH FLOW FINANCE – NEW STARTS – GUARANTORS ACCEPTED
 
Nationwide Finance Broker Division
T: 01234 717367 
A: Osier Way, Olney Office Park, Milton Keynes, MK46 5FP