Business Loans

Longer   Term Business Loans in a   Sortening   Market The business loan market is changing and changing quickly with Unsecured Lenders becoming nervous of the current economic market. Lenders have to lend to make money themselves, it’s their working model, but with political unrest in the UK they are quietly making changes, and let’s be honest, currently SMEs are not exactly been supported to prosper. In fact the opposite is true, and it’s for this reason that Lenders are still providing business loans, but over a shorter term period so the funds are paid back sooner, resulting in the outstanding balance being more speedily reduced due to the shorter term and higher monthly payments. The problem with this solution is; that SME's who need the capital simply cannot afford the much higher monthly contractual repayment. Resulting in more financial distress very quickly into the new loan. At long last, good news for SME's A privately backed Lender can now offer a long term bu...

Secured Loans in Northern Ireland As a Business Loan Broker with offices in North Yorkshire, I was asked to arrange a Business Loan to be secured as a second charge on the Directors residential property. I have never been asked to arrange business finance for a Company registered in Northern Ireland before, when we were having our initial telephone discussion, I assured my newly ound Client that the proposal was easy and would soon be arranged. How wrong could I have been, to my amazment my usual go-to Lenders all rejected the proposal because it was in Northern Ireland.  I could not understand whyall my funders would happily lend in England, Wales and Scotland, well most in Scotland, but said no to Northern Ireland. This was like a 'red rag to a bull' to me.  I could not understand the attitude of Lenders and still can't. But, Good News... through my determination to get this proposal accepted, within 48 hours I found a funder that would happily accept the deal, not only ...