Commercial Finance for UK Businesses
 Once a business has identified it has a requirement to expand,
grow, develop or increase turnover, it usually requires additional working capital such as a business loan, or commercial loan, to
reach the next stage. First port of call for almost every business
is to its current bank. As we all know, High Street Banks are
great but don't always meet the requirements of each and every
business customer.
At Commercial Mortgage Advice, we have an extensive panel of commercial lenders,
based throughout the UK and Europe, that we use to source the
most suitable business loan for our client.
Here's our simple & effective process, that will help almost every client
get the funding they require:
Conduct Fact Find:
Our comprehensive fact find covers all aspects of your project - from the amount of money you require, period of time you're looking to borrow it for. We then ask specific questions based upon the project. e.g. If you're looking to lend money to expand a business, we'll ask questions relating to the property value, your experience in the business sector. For leasing and rental, we'll ask specifics about the return of investment on behalf of the lender.
Discuss your project with appropriate Lenders:
Each lender has their own merits and their own conditions. We work directly with Lenders, so we know exactly what type of client they are looking for.
This saves a lot of time, and we generally get a Conditional Offer back from a Lender within 3 working days. -
Condition Offer / Approval in Principal:
Once the Lender has reviewed your project, and are happy with the initial background information, we have then a Conditional Offer of Application in Principal available for our clients.
This is emailed and posted to you, the same day we received if from the Lender. In addition, we supply our Terms of Business at this point. Clients needs to agree and sign to our Terms of Business, before we can progress with the application. As each commercial loan application is unique, our Terms of Business vary slightly per case.
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Accept Terms of Business:
Once we've received your signed copy, accepting our Terms of Business based upon your unique Conditional Offer/Approval in Principal, we then work directly with the lender to complete the specific paperwork for your case. On average it takes 3-4 weeks for both the Lender and Client to complete the relevant paperwork
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Receive Money (drawdown funds):
On average within 30 days from first approaching Commercial
Loan Advice for a business loan, clients receive their
money, allowing you to spend the money as you like.
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