As commercial finance brokers, Wenham Specialist Finance provides expert support to businesses in the Leeds area. Whether you’re looking to plug a cash flow gap, upgrade your technology or expand your operations, we’ve got the experience and contacts you need. We work with companies of all types, from small local startups to established nationwide chains.
How Does Commercial Finance Work?
Here’s a quick overview:
Whatever your requirements, you’ll find a broad spectrum of business finance products from lenders in Leeds and across the UK. Here are just some of the options.
Bridging Loan:
These can be secured or unsecured, and range from a few hundred pounds to a few million. Unsecured loans are typically smaller and shorter-term, and you may need to provide a personal guarantee. Secured loans, which require collateral, tend to offer higher borrowing thresholds and lower interest.
Asset Finance:
If your business requires expensive assets, such as equipment or vehicles, asset finance allows you to spread the cost and avoid large upfront payments. Repayment plans are usually monthly and include VAT and fixed interest.
Invoice Finance:
Rather than wait for clients to pay, you can assign outstanding invoices to a lender and receive an immediate advance on part of the value. The rest, minus lender fees, will arrive once the client has settled the invoice.
What can Wenham Specialist Finance do for my business?
Finding the right finance option can be difficult and confusing, especially in a crowded marketplace. As your Leeds commercial finance broker, it’s our job – and our passion – to match you with the right product and lender. We believe business finance should be transparent and hassle-free, and our expert team is always here to answer your questions.
With expertise across a wide range of sectors, we understand your business and its needs. We’re connected with a diverse panel of lenders, from niche and local to large and nationwide, and we’ll support you from the very first step in the process.
How can I maximise my chances of getting approved for business finance?
With expertise across a wide range of sectors, we understand your business and its needs. We’re connected with a diverse panel of lenders, from niche and local to large and nationwide, and we’ll support you from the very first step in the process.
A healthy credit score, both business and personal:
Credit and security checks are a standard part of any finance application, so it’s best to resolve any outstanding issues before you begin. This will help to show the lender that you are financially responsible and will be able to pay back the credit.
Comprehensive financial information:
Most finance products are intended for businesses that have been operating for at least a few years. Lenders will ask you to supply income statements for a certain period, as well as other evidence such as balance sheets and a cash flow forecast. Brand-new businesses may need to apply for startup finance, which is a type of unsecured personal loan.
A strong business plan:
If you can show exactly how the financing will help your business grow, you’ll boost your credibility even further. The more detail, the better.
Get in Touch
If you need commercial or specialist finance, we're here to help. Use our form to submit an enquiry or get in touch with a member of our team directly.
At Wenham Specialist Finance, we are dedicated to helping you understand commercial finance in Leeds and support your business growth and investment goals.