Whether you’re setting up a new business or growing an established one, Wenham Specialist Finance is here for you. As your dedicated commercial finance broker, we help businesses based in London find the perfect financing for their needs.
How Does Commercial Finance Work?
Here’s a quick overview:
You’ll find a wide range of financing options to suit your London-based business, from both specialist and general lenders. Here are just a few of the choices.
Bridging Loan:
A popular option to relieve pressure on cash flow. Unsecured loans don’t require collateral but typically have a lower borrowing threshold, a shorter repayment period and higher interest than secured loans. For a secured loan, you’ll have to offer an asset as collateral in return for more favourable terms.
Revolving Line of Credit:
Like an agreed overdraft, a revolver allows you to borrow up to a certain amount as and when needed. You’ll be charged a fee for each day you withdraw credit.
Asset Finance:
Hire purchase and lease arrangements allow you to acquire a high-cost asset, like machinery or a vehicle, without investing a lot of cash upfront. Repayments are monthly and include fixed interest and VAT.
Refinancing:
Free up equity by refinancing your existing assets. You’ll sell the asset to the lender and lease it back from them with monthly repayments.
How can Wenham Specialist Finance help me?
As your London finance broker, we’ll work with you to find the tailor-made financing solution that meets your business’s needs. With expertise across the full spectrum of commercial finance, we can support businesses of any size across a range of sectors. We work with a diverse panel of lenders, from sector-specific leasing companies to major nationwide banks.
Commercial financing can be complex and confusing. Our team aims to make the process as simple and straightforward as possible. We’ll do all we can to support you at every step – and we’re always on hand to answer your questions.
What do I need to provide when I apply for business finance?
Whether you’re applying for a small, short-term bridging loan or high-value, long-term asset finance, lenders want to know that you’ll be able to repay the full amount. Here are a few elements that can strengthen your application.
Great personal and business credit scores:
Your credit score is one of the first things any lender will check. Before starting your application, it’s important to resolve any outstanding issues and make sure your scores are as strong as they can be.
A business plan:
Not just for start-ups! A detailed business plan, including marketing strategy and profit-and-loss projections, will show the lender that you know what you’re doing.
Financial documentation:
Depending on how long you’ve been in business, lenders are likely to ask for financial accounts covering a certain period as well as a balance sheet and cash flow forecast.
The more evidence you can show of your business’s viability, the stronger your case will be. That’s why our expert brokers work with you from the beginning to connect you to the right lender.
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 London and support your business growth and investment goals.