Fast finance for your business17th November 2016
Every now and then your business may need access to capital. However, you can’t afford to be left waiting for months, like you would with a traditional high street bank. Many fail to appreciate the complexities of individual sectors and businesses, overlooking the merits of the SME community, doing all a great disservice. And to make thing harder still for the SME community, bank branches all across the UK are closing their doors for the last time.
This is why many business owners are choosing to seek funds from the alternative finance industry. Whether you need funds for your latest business project, are hoping to make improvements or simply looking to supplement your cash flow, your business needs access to capital fast and without delay. You need it paid directly into your account, precisely where you need it most. The time to act is now!
With the alternative finance industry booming, your business could benefit from a fully-tailored and customisable loan, giving you the means to succeed and achieve your long term goals. Loans come in two forms, secured and unsecured, and can allow you borrow anything from £5,000 to £1,000,000.
Secured loans use personal assets, such as your house or equipment, to boost lender confidence. Should your business fail to repay a loan the lender can seize these assets to recover costs. However, because of this additional security, they may also allow you to borrow a larger sum.
With unsecured loans a lender is entrusting you to pay off the loan in due course. Rather than using your assets, you’ll be asked to sign an agreement expressing your commitment to making timely repayments. You may also be asked to demonstrate, in detail, your business’ ability to afford the monthly repayments.
At Rangewell, our values are simple – we’re on your side. We support a wide range of SME businesses of every shape and size, for finding every type of finance. Follow us on Twitter and LinkedIn for business tips and tricks, and feel free to call us on 0203 637 2340 if you’d like to chat about what we can do for you.
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