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UNSECURED COMMERCIAL FINANCE IS A GROWING AREA FOR BRIGHTSTAR

The commercial finance 'state of the nation' August 2018

Unsecured commercial finance gives business owners fast and convenient access to the funding they need to grow their business.

 

Unsecured commercial lending is a growing area for Brightstar and we work with a number of clients who are either looking for a cash injection for their business, to fund expansion, raise funds for a deposit on a commercial purchase, or even completely purchase a property from their business accounts.

 

The good thing about unsecured lending is that it can be achieved with minimum information, typically two years trading accounts and three months business bank statements, and we can obtain an option for lending within 48 hrs. Clients can also receive the funds within two weeks of submitting an application.

 

This speed and convenience comes at price and rates on unsecured commercial finance are typically higher than standard commercial mortgages. But, for many clients, unsecured lending is a great way of raising funds quickly and without the cost of valuation and legal fees or any early repayment charges. So, for clients who want to pay off a commercial loan as soon as possible, an unsecured loan could prove the most economical option.

 

READ about how we helped a client secure £53k on an unsecured basis to purchase commercial premises in Scotland

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