Commercial Loans
Get in touchIf you are looking for a commercial business loan we will be able to help! We are experts in the commercial finance industry and have many years of experience.
We will use our extensive expertise to get you the best loan possible.
Not everyone has all the capital they need available to be able to make serious business purchases. This is why commercial mortgages are still so sought-after from new firms to seasoned brands.
It's unlikely you will have the money available to purchase a building outright in your first or even third year of business.
It is always a fantastic idea to start considering commercial finance and speak with specialist finance experts in your region or surrounding areas.
Times have changed and you no longer have to use major banks for funding options, there are many other specialist lenders available.
Business loan experts will be able to help you find the most practical and effective financial lending strategy moving forwards.
We work with new businesses, sole traders, limited companies and partnerships, if you would like to find out more about the financial products, please get in touch with our team and we can discuss the whole process with you.
Why Choose Us?
Our expert team offer a wide range of loans, from commercial mortgage packages, to business loans and much more to suit your needs.
Our experts can help you find the highest loan to value ratio (LTV) if you haven't been trading for long, some lenders will see this as a sign of high risk.
Hiring a specialist broker could help to make sure you are paired with the most suitable lender for you and make the application process that much smoother.
Our specialists are here to help you get the best interest rates possible, whether you apply for commercial mortgages or a tad.
Best Commercial Loan Rates UK
We understand that no two business needs are ever quite the same, which is why we are all the more proud to offer an open, honest approach to commercial loan arrangements and financial discussions with each and every one of our clients.
Understanding which commercial loan arrangements work for you will merely require a short consultation or two and as your closest nearby allies in the financing.
We will be able to help you hunt down that perfect financing plan to benefit your business growth plans and your customer needs moving forwards.
Choosing a commercial loan company is really important for business customers and you need to make sure the company are authorised and regulated by the Financial Conduct Authority, as well as being registered in England and Wales, with a registered office.
We recommend that you check that your business loan company is regulated by the FCA and on the financial services register, you can search this by using their company number.
The Financial Conduct Authority is the conduct regulator for UK financial services and firms that are registered in England.
Some business finance providers will be covered by the Financial Services Compensation Scheme and others will not.
How do Commercial Loans Work?
Commercial loans work by a finance provider lending a business a certain amount of money.
The mortgage is secured by a first legal charge on your business premises.
A commercial mortgage can also be used for buying investment properties, whereas a residential property mortgage would be acquired by a regular mortgage.
The business receiving the commercial lending will then have to pay back the funding over a period of time.
The commercial loan agreement will depend on a range of factors, including the purchase property price.
In order to discuss loans for borrowing a larger amount of money, you will need to gather your financial statements and let the provider look into them.
How much interest you will pay back will be discussed in your meeting with the commercial mortgage lender.
You may be able to apply for business credit cards, however, this is dependent on your business circumstances.
What are the Types of Commercial Loan?
A commercial loan can be secured loans or unsecured loans.
A secured loan is backed up by asset finance, whereas unsecured loans do not usually require security because the risk is taken by the lender.
Unsecured loans of this kind tend to be available just for smaller amounts and small business loans, usually when it is less than £25,000.
Larger loans tend to require security, which is also known as collateral.
Other loans may include the following:
Fixed-rate loan
Variable-rate loan
Commercial finance will vary for each business and commercial lending is subject to status.
The specialist lenders might review your loan amount, credit history, unpaid invoices, cash flow and working capital, to then find the best business loan.
As a Credit Broker, we can introduce applicants to a variety of funding options available.
What can Commercial Loans be Used for?
Commercial loans tend to be used by many businesses to fund a set project or business development. However, they can still be used to help with everyday costs.
Commercial leasing is a debt-based funding agreement between a business and a financial provider.
This type of funding is a popular form of lending and is a great option for many businesses.
Business Loan Benefits
There are many benefits to taking out a business loan, such as commercial mortgages. These include:
Repayment plans tailored to your needs and budget.
Obtain a loan without the need for collateral.
Enjoy competitive interest rates that are fair and reasonable.
Get your loan quickly disbursed for immediate use.
Take advantage of potential tax benefits.
Improve your business credit profile for future financial opportunities.
How Long is a Commercial Loan?
These types of loans can last from 3 to 25 years at a variable rate or fixed rate.
Fixed rate mortgages are usually available for amounts under £500,000, where the lender takes the risk rather than the person acquiring the loan.
They are popular for businesses because they can be short or long-term loans.
Many loan commercial companies are flexible and your requirements will be discussed in your meetings with the finance provider.
Once you have agreed on your commercial loan amount, set up a loan agreement, monthly repayments scheme and annual percentage rate (APR) to pay back, it is important to make sure you keep up loan repayments on your commercial finance.
A loan agreement will be set up and this will include the variable or fixed rates that you pay for the term of the loan.
If you choose to have a loan over a longer period of time, then you will most likely have smaller monthly payments.
If you decide you want to pay the loan back earlier, most commercial mortgages have some type of early repayment fees, so it is important to look into this.
Commercial Loans We Offer
We offer many different types of Commercial Loans, including:
Commercial Mortgages
Commercial mortgages are any type of loan which is secured on property that is not your residence, such as commercial resources, retail units or trading premises
Commercial mortgage loans vary depending on your requirements and most loans of this type tend to be short-term loans but this is not always the case for this type of business loan.
Property developers tend to look into a commercial mortgage as a finance option because property development will fall under the commercial estate category.
The purchase price for property development is usually expensive so many companies will need commercial property finance to be able to carry out the works.
Many finance brokers will offer a commercial mortgage and property finance and it is important to look into the rates and other fees, to make sure you get the best deal.
Some specialist finance providers will offer fixed and variable rates and others will offer a higher interest rate, so make sure you discuss this with your appointed representative.
What Can Commercial Mortgages Be Used For?
Commercial mortgages can be used for the following:
To buy commercial property
For investment finance
For the development of commercial property
To refurbish business premises
To purchase vehicles, machinery or equipment
What Are the Benefits of a Commercial Mortgage?
Key benefits of commercial mortgages include:
You can borrow over a long period of time
There is an option to take a repayment holiday
There are fixed interest rates
There are flexible terms available (shorter terms and long terms)
Lower interest rate than other business loans - if your property value increases, this could provide you with a lump sum when you sell the property.
Commercial Bridge Loans
Need to make a big purchase in the near future but don't have the capital available? Need to secure a bid or payment now?
Commercial bridge loans are a great way for you to effectively seal a deal without having to worry about having a full deposit, cash flow or capital right away.
Commercial finance loan options are particularly worthwhile looking into if you are set to buy assets such as commercial buildings at an auction, where you will most likely need to pay a deposit or opening bid upfront and where you will therefore need to clear the outstanding balance at a later date.
If you can't afford the balance, don't worry, a bridging loan will, as the name suggests, bridge the gap for you so that you can feasibly afford to make payments until you have the physical funds to hand.
Commercial Property Loans
Commercial property loans and commercial mortgages are extremely popular with certain types of businesses that depend upon having real estate or a physical location.
Consider the following types of businesses that may need these types of loans:
Shopfronts and stores
Local services hairdressing, auto repair, etc.
Offices and call centres
Financial online services
Warehousing and shipping
While it's getting more and trendier for small businesses and firms to operate out of their own back bedroom, some businesses and brands need that particular space or physical business premises to be able to do their job well and this is where these types of commercial loan options help.
Small business loans with a property in mind allow you to take advantage of a short-term loan or long-term financial plan whereby you can seal in a commercial estate you feel is perfect and fund it completely upfront.
Our finance brokers will be able to help you look at repayment schedules and fixed monthly payments which you can feasibly stick to, meaning that, essentially, we find you the most practical means for you to borrow large amounts of capital at short notice.
Our commercial loan team will discuss the interest rates connected with your type of business loan and make sure you have all the information you need regarding this business loan scheme and loan amount business funding.
Commercial Business Loans Rates
As a business owner, you will be interested in looking into commercial loan rates and how these types of loans work before they get started with business financing. This is understandable, of course!
We aim to offer truly competitive rates of commercial lending throughout our region and surrounding areas for larger and smaller businesses at each and every stage of their lifespan.
Business customers will need to look to nearby or local financial experts to get the most reasonable rates of borrowing and repayment terms.
It may be tempting to lead with a national brand or firm, but it makes sense to go for that home-grown, near-me touch.
We are a local firm and we understand that local businesses sometimes need that little bit of a helping hand to get to where they need to be.
We're here to support nearby small business loans and regional firms with loan rates, interest rate information and plans to benefit their businesses long-term.
Commercial Loan Calculator
Commercial loan calculators are a great way to find out how much you could borrow and when you would be required to pay certain amounts of money back.
Rest assured, we will act as your own personal calculator.
It is quite common that interest rates tend to be higher for unsecured business loans, as the risk to the lender is significantly higher.
The interest on your commercial mortgage is tax deductible if your property increases in value.
Simply supply us with a handful of data and we will do the rest.
Need to borrow for a shorthold at short notice? Buying a commercial real property at auction and need to bridge the gap?
We can help. We're your closest local allies in business financing bar none and we can discuss the funding options available.
Testimonials
"If you are in need of commercial property loans, we would highly recommend using https://www.strategicbusinessfinance.co.uk, we are so happy with the result!"
"This company were brilliant from start to finish. Helped me get the best interest rates possible for our commercial mortgage, with monthly payments that fit our budget. The fixed rate mortgage we got was top notch, and it's been nothing but plain sailing since."
"We had to apply for a commercial mortgage this year, and this business were easy to deal with. They helped up with a fixed rate loan for our business property."
"I was keen to keep the monthly repayments down for our business, and this company helped out massively! We had our loan secured quickly."
FAQs
Here are some of the most frequently asked questions around the loans we offer:
Can a New Business get a Commercial Loan?
Most start-up businesses can qualify for commercial mortgages.
New businesses are often seen as a higher risk when it comes to this type of commercial loan, so it is important to speak to a specialist commercial loan provider.
What is a Semi Commercial Mortgage?
Semi Commercial Mortgages are property backed loans designed for property which is made up of both residential and commercial elementals.
What is Short Term Funding?
Short term funding is taking out a loan to make a purchase, usually within one year.
What are the Most Common Business Loans?
The main types of business loans include:
Term loans
SBA loans
Bridging loans
Business lines of credit
What is a Personal Guarantee on Business Loan?
A personal guarantee is when a business owner makes an agreement to pay back the loan and they are liable for the loan if the business defaults.
Many lenders usually ask for personal guarantees on their loan arrangements as a way to provide security.
What is a Business Mortgage?
A business mortgage is a type of mortgage for businesses that are purchasing or remortgaging a property for business use.
It is different to a residential mortgage because they are for commercial use and not for residential properties.
How do I Apply for a Commercial Mortgage?
To apply for a commercial mortgage, you will need the below:
Commercial mortgage application form
Proof of identity
Proof of address
Proof of income
Assets, liabilities and income documents
Expenditure documents
Bank statements
Certified financial accounts
Details of the lease, property and valuation fees
Details of sales agents
Property schedule
This information will then need to be submitted to the commercial mortgage lenders who will help with the application process.
What are Variable Interest Rates?
Variable interest rates are rates that can fluctuate overtime because it is based on an underlying benchmark interest rate or index that changes overtime.
What is an Arrangement Fee?
An arrangement fee is an administration charge made by lenders for arranging credit.
What is a Commercial Finance Broker?
Commercial finance brokers work with businesses that are looking for finance and commercial lenders who are able to offer the funds.
The specialist broker will listen to the business plan and then speak to different lenders and find out the loan terms.
Commercial finance brokers can help find the best rates and loan-to-value ratios.
If a commercial investment mortgage is agreed upon, there will then be broker fees, arrangement fees and lender's legal fees to pay. This will also be discussed in the mortgage term documents.
What is the Difference Between a Loan and a Merchant Cash Advance?
The difference between a loan and merchant cash advances is that a loan value is paid back with set payments over a period of time and merchant cash advances are paid back through sales.
What is a Capital Repayment?
A capital and repayment mortgage is the most common type of mortgage that is being offered at the moment. With this type of mortgage you will make monthly repayments for an agreed period of time.
How do you Pay Interest on a Commercial Loan?
Repayments on commercial loans are typically paid monthly in instalments over a set period.
What are the Types of Regular Business Loans?
Listed below are some of the more popular business loans on the market:
Unsecured business loans
Secured business loans
Short terms business loans
Working capital loans
Invoice financing
Asset financing
Credit lines
Merchant cash advance
Government loans
Other Services We Offer
Asset Finance - https://www.strategicbusinessfinance.co.uk/asset-finance/
Invoice Factoring - https://www.strategicbusinessfinance.co.uk/invoice-factoring/
Bridging Finance - https://www.strategicbusinessfinance.co.uk/bridging-finance/
Summary
If you are interested in a business mortgage or loan and would like to know more about our interest rates, enquire now by filling in your contact details.
Once we receive your enquiry, we will contact you and can discuss the commercial finance options available for your company.
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