Borrowing money for enterprise has been tough since the global financial crisis and even though availability is increasing, some firms may find they have more success by coming to First Choice Finance to enquire about a secured business loan.
The Bank of England Credit Conditions Survey for the first quarter of 2013 expects credit demand to grow and if your need outstrips the pace at which traditional lenders are providing funds, your property could hold the secret to your future success.
That`s because the equity that has built up over years of mortgage payments and the fact that you have a managed to keep a mortgage can be used to provide reassurance to lenders that you`ll be able to repay their investment over time.
The cash injection provided by a secured business loan can be used for a variety of things, such as investing in a fleet of new vehicles that will spend more time on the road delivering your products and less time in the workshop costing you cash.
Alternatively, there may be more up-to-date equipment that will enable you to work quicker and more safely, which will up productivity and could help you secure new orders.
Of course, your secured business loan can also be used to clear your unsecured debts – things like company credit cards. Using the money as a debt consolidation loan will reduce your monthly outgoings, but you may pay more interest over the course of the loan as a result. As with all such affairs explore the figures before you make a final decision.
Find out how a secured business loan can make all the difference for you and take your business to the next level by enquiring on line at firstchoicefinance.co.uk , better still talk to our in house team on 0800 298 3000 from a landline or 0333 003 1505 from your mobile for a free personalised quotation.
Homeowner Secured Loans
Established In 1988. Company Registration Number 2316399. Authorised & Regulated By The Financial Conduct Authority (FCA). Firm Reference Number 302981. Mortgages & Homeowner Secured Loans Are Secured On Your Home
First Choice Finance is a trading style of First Choice Funding Limited of The Old Courtyard, 103 Buxton Road, High Lane, Stockport, Cheshire. SK6 8DX. Copyright protected 2014.