Essentially a way of providing working capital for businesses, Commercial Finance is the term given to a huge range of business finance products that include both short and long-term solutions.
If you run a business of any kind, there’s a good chance you’ve heard of commercial finance. There’s also an equally strong chance you’re not entirely sure what the term refers to. Roughly defined, the term ‘commercial finance’ refers to an extensive range of funding solutions, which are offered specifically for business purposes. Commercial finance can be provided as a long-term or short-term loan, typically secured in all instances against the borrower’s business assets.
Sometimes in business, there is an obstacle in the way of attaining much needed growth, and that obstacle is funding. Commercial finance can be used to cover almost any business expense whatsoever. A typical commercial finance loan could be used by a business to take advantage of time-limited investment opportunities, introduce new products and services, expand into international markets or perhaps relocate to a more appropriate location.
THERE ARE NUMEROUS OPTIONS OUT THERE, BUT THESE GENERALLY FALL INTO 3 MAIN CATEGORIES
SHORT TERM
Trade Credit.
Business Credit Cards
MEDIUM TERM
Crowdfunding
Bridging / Finance Business Loans
LONG TERM
Asset Based Lending
Invoice Factoring
Invoice Discounting
Overdrafts
Commercial Mortgages
Prestige Financial Solutions can find solutions for you whether you are looking for a re-mortgage of an office complex, a purchase of agricultural land, a shop with a flat above or any commercial or semi-commercial property. We have links with a number of commercial lenders and brokers, please contact us with your requirements and we will be happy to help.
Prestige Financial Solutions are unable to provide you with advice on commercial mortgages. However, this is still dealt with in house through our sister company Prestige Commercial Finance Ltd.
For more details on Commercial Financing, or for more information / enquiries on General Financial Advice, please contact Prestige Financial Solutions