Business Finance

When you are a business owner looking at business finance, it can be a complex and daunting task. The risk of making the wrong decision can be high and could prove very costly. Funding your business correctly could be one of the best decisions you can make. 

 

With a variety of lenders on the market able to offer business finance suited a host of different circumstances, the options are exhausting.

 

That's why you need a partner to trust - one who can guide you through the maze to the right solution. Someone who's neutral and aware of the subtleties and criteria of the various lenders on the market. A trusted partner like Beneco. 

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Business Finance Options;

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Unsecured Business Loan from £10,000 to £350,000

A loan for business purposes that doesn’t require security. Sometimes personal guarantees are required and understanding your trading history is paramount. 

 

Merchant Cash Advance

If your business operates with taking regular payments through an EPOS terminal or card reader, you may be eligible to Merchant cash funding. Based on your track record, you may be able to borrow a lump sum with repayments being made each time you take a credit or debit card payment. 

 

Asset Finance

Most businesses need assets in order to operate. If you’re a small business, it's likely you'll have office assets such as tables, chairs, computers or something bigger like machinery or vehicles. It's these things that keep you running day to day. If you have working capital and wish to preserve this but you are asset rich, you may be able to take advantage of releasing cash from the value of such assets you already own.

 

Alternatively, you may even be able to purchase new assets through hire purchase agreements with fixed monthly instalments.

 

Invoice Financing

Invoice financing helps businesses improve their cash flow by borrowing money against the amount due from customers. Invoice financing can help businesses reinvest in operations/growth earlier than planned and also pay staff and suppliers instead of waiting for the invoice to be settled. 

 

Working Capital

Working capital is the heart and soul of any business. Put simply, it is the difference between current assets and current liabilities. Businesses can take advantage of utilising additional capital to support the day to day business operation if they need it. Unsecured working capital loan can help bridge the gap and keep on top of expenses such as staff costs, utility bills and premises costs. 

 

Credit Facilities

Whether you are a ltd company director with 1 employee to a SME with 10 odd employees and as much as we plan for success, sometimes things happen in business which no-one could foresee. This is where a credit facility could provide a vital lifeline. A credit facility may be the solution that provides you with capital that you can draw on as and when you need too. 

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Start up Capital

Starting a new business can be daunting but also a very exciting time in your life. Good foundations create strong homes and this is the same for business. For some, they may need funding to start their venture or may need a top up to further develop their idea. If you have a robust business plan, there may be options for you. A good trading history can prove beneficial along with previous sales history to further enhance your chances with start up capital support.

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Beneco Finance Ltd is a credit broker working with a panel of lenders. 

Warning: Late repayment can cause you serious money problems. 

For help: www.moneyadviceservice.org.uk