1st Biz Blog

Development Finance

As a property developer you know it is so important to have the right funding in place that suits the project. The finance is the most important and critical part to any development but it is often overlooked and it can seriously damage the viability of a project causing delays and having the drawdowns when needed. 1st Business Finance has been arranging development finance for all types of clients…

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Bridging finance for wills in Probate

“Bridging loans are incredibly flexible and may be put to a variety of uses including resolving probate issues when concluding a will. When a will is presented between various parties, it can throw up financial hurdles. There are numerous benefits to be gained by fast tracking the settlement process and using a short term finance solution to meet resolution. By using bridging, beneficiaries of a will are able to…

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Trade Finance

A delay when buying, taking delivery and selling goods can have a knock-on effect on any business, especially those trading overseas. Your ability to fulfill orders, take on lucrative new contracts and become eligible for discounts can be all put under strain if they do not have sufficient cash available or supplier credit terms agreed. If the answer to any of the below questions is yes, then you could…

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Buy to Lets

Many property investors and associated professionals will already be aware of the governments ambition to reduce the number of private BTL landlords in the market in favour of larger, institutional investors. Whilst professionalising investors in the market could have positive effects for tenants (who could benefit from better services and more responsible landlords), it still remains a drastic intervention in the market that will effect many. One of the…

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When the money runs out

As many as one in five small businesses could be overtrading – What does this mean? Overtrading is when a business absorbs working capital at a faster rate than its customers pay their invoices. If the money runs out then a successful business can be left unable to take on new work, pay its bills or workforce and at worse could fail. If a business suspects it is overtrading,…

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Why Consult a Commercial Finance Broker?

The commercial finance market is complex and highly specialised. Applications that are poorly presented and badly researched are all too often declined for entirely the wrong reasons. The commercial finance broker is the independent financial adviser of commercial property lending. Specialist knowledge of all lenders’ terms is applied in approaching the best source of finance for purchase, development refinance or extension. This provides our clients with the most competitive…

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Finance Talk

DEMISE OF THE CLEARING BANKS HENCE THE NEED FOR AN EXPERIENCE COMMERCIAL FINANCE BROKER. With the decline of traditional bank lending since the credit crunch the requirement for a good qualified commercial finance broker is essential to any business. Remember those days you could walk into the bank ask for a loan and come out with one. Long gone I’m afraid. We have been forced to look at alternative…

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Invoice Finance for your business

In meetings with potential clients I often talk about how the impact of late payment by customers causes a major impact to the business and the cashflow and in some cases will bring a business down. I talk about having a flexible overdraft or commonly known as invoice discounting and how this can help combat the problems of late payment. People often say it is too expensive, really what…

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Creative Finance for Business

These are some of the deals our lenders have done for clients needing finance. Online Furniture Retailer – Needed additional funds to buy more stock to meet growing demand for sales on their website. The lender set up a facility whereby suppliers in Turkey are paid direct and the borrower has 12 weeks to repay each transaction from company cashflow. A fishing equipment importer / wholesaler – recently set…

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Recent Asset Finance Deals

Information Technology £250K 4-year finance lease 2 year established data centre supporting blue chip clients including the BBC and HMRC. Highly experienced management with good track record in the industry. Security: Limited Personal Guarantees Gym Equipment £110K 4-year finance lease New start gym of an established UK based franchise. Individuals have previous commercial experience and were investing £100K plus themselves. Comprehensive business plan. Assets inspection and ownership tagging of…

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