Commercial Real Estate Finance

Modern businesses rely on a range of factors to guarantee that they can remain operational – and one of the most important is its finances. It’s not unheard of for banks to reject applications from a company for any number of reasons and when these events arise, it’s not uncommon for business owners to consider what other business asset funding options they have available.

For those in this position, here are some of the most popular funding solutions – all of which can be applied for by approaching third party lenders with the aid of a reliable finance broker. Using one of these experts can go a long way in increasing the chances for approval and this is why many companies consider hiring their own dedicated expert to help with their application.

Invoice Factoring

This great solution can often be within an applicant’s bank account within 7 days (from the date of their application). Invoice factoring is a great way to receive financial backing under the agreement that instead of the borrower paying back what they owe based on their own earnings; they will have the option to repay their costs as and when they invoice their clients. This can take much of the onus off of the company and as long as the invoices are met, then there shouldn’t be an issue.

Unsecured Loans

Plenty of new businesses struggle to obtain financing simply due to the fact that most lenders won’t take them seriously if they don’t have a specific amount of experience and operation under their belt. This is where unsecured loans come in handy. They can be a great way for a new company to enjoy funding from a lender, even if they have only just started to offer their services. The applicant’s credit history will be evaluated and if all seems above board, then the chances of them being approved can be very high indeed.

Asset Finance

Often referred to as asset funding; this unique loan option is a great way to utilise the value of assets, in much the same way as with a collateral loan. For example, a business might choose to place particular assets that it already owns as collateral to cover the cost of their lenders losses, in case they can’t meet their repayments. This can allow a business to receive a head start if their assets are already there and they’d simply like to use additional funding to cover the cost of further purchases. As long as repayments are met, the ownership of the assets will be returned to the borrower.