Can I Still Get Business Finance?
I hope you found the latest editions of the Business Finance Bulletin ‘Brexit Special’ of interest, particularly the five steps you can take to future-proof your business.
In case you missed it you can view it again here:
‘Business Finance Bulletin: The Brexit Special’
One question I was asked last week was whether banks and other lenders are still lending and the answer is simple… yes.
The events of the last two weeks are not a re-run of 2008 and so whilst business investment plans may be under review (as I discussed in the Bulletin), finance is still very much available.
If you have an idea and the only piece of the jigsaw puzzle that’s missing is finance, your options include:
• Commercial mortgages for property purchase
• Short term loans to boost cashflow
• Asset finance to purchase vehicles, plant or equipment
• Crowdfunding for loans up to five years
• … and other finance facilities
Accessing finance is down to planning. That means searching the right finance option for you in good time, preparing a proposal document or Business Plan and ensuring that your financial information is up to date.
Do all this and you’re well placed to get the finance you need.
Of course, if you want to chat through the options available to you, the BLS team will be more than happy to speak to you, just drop us a line or give us a call.