Finance still available despite Covid-19
I have strong relationships with numerous active lenders still offering Business loans, Working capital, Coronavirus Business Interruption Loan Scheme (CBILS), Bridging Loans, Development Finance, Commercial mortgages and Buy-to-Let Mortgages.
Lenders have confirmed that they are still lending in the market, but they are scrutinising all cases with a fine tooth comb as they have to do responsible lending.
Business and Property finance is available across the UK, but there are some restrictions.
CBILS is being delivered by a number of our funders – the volume of applications is huge as you can imagine, so there is a long wait to get access to this fund.
Property types – all types considered but bridging loan must have strong exit plan
Lending locations - whole of the UK – some will not lend in Scotland
LTV’s – lenders are lending up to 70% LTV, some have reduced to 65%, 60% and even 50%
Interest rates – Have been increased with some lender, but rates are still attractive for a good deal
Security – 1st and 2nd charge only
Products – All business finance solutions still available in the market but the business must be able to show clear serviceability
Terms – 1 to 240 months
Interest rates – from 2.75/b% to 19.9%
Security – unsecured and secured
Loans available from £25,001 up to £5m.
Loan Terms from 1-6 years
No lender arrangement fees
No security fees
No interest payments for 12 months
Any questions, please get in touch.