Business Financing Options

Every day we help UK SMEs access the best financial solutions for their business.

Specialist equipment finance is arranged on your behalf via our panel of excellent UK and European finance companies.

How can you raise finance for your business?

Click below to read more about our business financing options.

Mulberry Asset Finance Business Financing Options - Hire Purchase
Mulberry Asset Finance Business Financing Options - Invoice Discounting
Mulberry Asset Finance Business Financing Options - Lease
Mulberry Asset Finance Business Financing Options - Refinance
Mulberry Asset Finance Business Financing Options - Unsecured Loans

Case Study:

An established Boutique Guest House required money to convert an old outbuilding into a further luxury suite.

They chose to fund this expansion through an Unsecured Business Loan and secured £50K to assist with their plans.

Hire Purchase

Pay for an item over an agreed period, once payments are complete, you own the item outright.

Benefits:

  • Increase working capital
  • Manageable monthly payments
  • VAT payments can often be deferred
  • Balloon payments often available
  • An accessible form of equipment finance as the funder owns the asset until payments are complete & secure their funds against it.

Unsecured Loans

A loan that is not secured by any property or assets that you own.

Benefits:
  • Can be used for any commercial purpose eg. marketing, expansion, recruitment, stock, bills, cash flow.
  • Up to £250,000
  • Pre-approval service which leaves no footprint on your credit file.

Refinance

Release monies against items that you own outright.

Benefits:
  • Pay off debts such as VAT, overdraft, tax etc.
  • Improve cash flow
  • Fund expansion
  • Pay off retiring director or partner

Invoice Discounting

Finance against outstanding invoices owed to you.

Benefits:
  • Short or long term solutions to boost your working capital
  • Practical way of managing slow paying customers
  • Confidential
  • Bridge the gap between raising an invoice and receiving payment
  • Quick way to release monies for cash flow, bills, expansion etc. 

Lease

Pay to lease an item over an agreed period, return the item once finished.

Benefits:
  • Generally lower monthly payments
  • Maintenance costs often included in the arrangement
  • Upgrading to new equipment can be easier
  • Option often considered for shorter contracts where you would not usually require the equipment

Unsecured Business Loans

When looking to secure commercial finance, it can be difficult to choose which route to take. We are here to assist you in choosing the most suitable commercial finance solution for your business.

SME finance is our specialty and our Unsecured Business Loans are an increasingly popular choice due to their flexibility and that they can be used for absolutely any purpose.

What is an Unsecured Business Loan?
The Unsecured Business Loans that we can facilitate are loans of up to £250K that can be taken over any duration of 6 months to 5 years. The loans are not secured by any asset or property but a Directors Guarantee must be provided.

Is an Unsecured Business Loan right for me?
If you are looking for simple and flexible commercial finance then this could be the right option for you. The beauty of these loans is that they can be used for any purpose e.g. property purchases, expansion, relocation, recruitment, stock purchase, equipment purchase, partner buy out or just to boost business cash flow.

What will it cost?
There are no upfront fees or costs involved with an Unsecured Business Loan.  The lender charges a Completion Fee which is typically 4% of the loan amount and this can either be deducted from the loan or added on so you receive the full amount of funding. Rates are dependent on credit scoring and vary between 4/5% (8-10% APR).

Are there any Criteria?
You must be a UK resident and the business must have been trading for 2 years. Any adverse credit, such as CCJ’s, must be disclosed prior to application.

How long does it take?
Once we have completed your application on your behalf and received the supporting documentation we can submit your application. We can receive a decision within 48 hours. If approved, the money can be in your account within 10 days.
If an Unsecured Business Loan sounds right for you or you would like any further information, please do not hesitate to contact us and we will be happy to assist.