From our experience Banks are still lending. The High Street Banks that we deal with are regularly granting new loans particularly in the market where we operate by arranging finance for clients who are often buying a business for the first time. Our introduction will secure very competitive terms which ensures that loan repayments will be kept as low as possible.
EM&F Business Finance has enjoyed a sustained period with funding being approved for both freehold and leasehold / goodwill & asset enterprises.
With leasehold cases in particular the “Enterprise Finance Guarantee Scheme” provides a Government backed guarantee to a wide range of businesses with loans ranging from £1,000 to £1m. Here is a recent example:
Where freehold businesses are concerned many lenders will only lend against a % of the bricks & mortar value typically 70%. Very recently however we have arranged loans that represented 70% of the market value requiring a significantly lower deposit.
Now is the time to take advantage of the excellent opportunities currently available in what is certainly a buyers market. To obtain information on the borrowing terms that we could achieve for you please call us for an informal discussion.