Types of Business Loan We Can Source
Business loans for:
- Commercial mortgages
- Bridging loans
- Asset finance
- Invoice finance
Next Steps
As a specialist property finance broker, Clifton Private Finance can provide a clear picture of the options available to you. We will assess your specific set of circumstances and arrange a finance solution tailored to your needs.
If you have found a piece of land, pre-planning or with planning permission, which you wish to purchase to build or develop on, then you need to act quickly to avoid losing it to another buyer.
To complete the purchase you will need a significant amount of finance and you may need to secure a business loan.
Traditional Lenders
When you need finance quickly to fund your land purchase, approaching a traditional lender for a business loan may not be the most efficient option.
In order to secure a business loan from a traditional lender you'll need to provide a lot of documents. This is so the traditional lender can assess the risk of lending to you for your land purchase. Typically, traditional lenders will want a business plan and details of how you intend to repay the loan.
Not only do you have to provide the traditional lender with certain documentation, you will also likely have to wait up to several weeks or even months for the traditional lender to process your application. When completing a purchase, any delay can result in losing out on the piece of land to another buyer.
Private Lenders
When time is of the essence you may want to approach a private lender.
Private lenders’ application process is usually a lot quicker than traditional lenders, which could help you avoid any unnecessary delays and complete your land purchase.
Also, it should be noted, that private lenders’ do not require a lot of documents to support your application; private lenders are more interested in your ability to repay the loan itself.
Private lenders’ business loans cannot be found on the high street or online, which is why if you need a business loan through a private lender, it is advisable to contact a broker.
