Wenham Specialist Finance provides expert financial advice and support to companies in Liverpool and across the UK. As your dedicated commercial finance brokers, we connect you with the right product and lender for your business, making the process clear and stress-free. We work with businesses of all sizes, from sole traders to large-scale national chains.
How Does Commercial Finance Work?
Here’s a quick overview:
Whether you’re looking to invest in growth or plug a short-term cashflow gap, you’ll find plenty of finance options from lenders in Liverpool and elsewhere. Here are just a few of the most popular product types.
Bridging Loan:
Secured business loans require you to offer an asset of your own as collateral, so you risk losing it if you can’t repay the full amount. However, borrowing limits tend to be higher, interest lower and payment terms more generous than for unsecured loans, which may need a personal guarantee.
Asset Finance:
Hire purchase and lease arrangements mean that you can acquire costly equipment and infrastructure without paying a lot of money upfront. Repayment plans are usually monthly and include fixed interest and VAT. You can also refinance existing assets to free up some cash for your business.
Invoice Finance:
Sick of waiting for clients to pay up? You can receive a partial advance on the value of outstanding invoices by assigning them to a lender. The remainder is sent to you once the client has paid and after the lender deducts their fee.
What sectors does Wenham Specialist Finance cover?
Our expert team supports businesses across a wide range of sectors and sub-sectors, including but not limited to:
Healthcare: medical, veterinary, optical, pharmaceutical, lifestyle
Construction and real estate development
Franchising
Manufacturing: from small workshops to large-scale mass production
Logistics and transport
IT and technology: consultancy and tech support, manufacturers, distributors and resellers
Agriculture
Fitness and recreation: gyms, leisure centres, personal trainers
Restaurants and bars
Hotels and accommodation
What do I need to apply for commercial finance?
Depending on a number of factors (type of financing, amount, trading history and more) lender requirements can vary widely. That’s why we support you from the first step of the process. But when it comes down to it, lenders want to know that you can repay what you borrowed. These elements will always help your application:
A strong credit score:
One of the first things a lender will do is carry out standard credit and security checks. Both your personal and business scores will count, so you can help yourself by resolving any lingering problems before you apply.
Financial evidence:
Unless you’re applying for specialist startup funding, you’ll need to show financial documentation for your business covering a few years. As a minimum, lenders usually ask for income statements, a cash flow forecast, and balance sheets.
A compelling business plan:
You can seriously increase your credibility by showing how your business is predicted to grow, and how the financing will help that growth. The more detailed your plan, the stronger your case will be.
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 investment and growth goals.