Wenham Specialist Finance provides tailored support to business owners in the Manchester area. With experience across a wide range of sectors, we help businesses find the financing that suits their requirements. We work with companies of all sizes, from sole traders all the way up to major national chains.
How Does Commercial Finance Work?
Here’s a quick overview:
Whatever your business and whatever your needs, you’ll find commercial finance options from a wide range of lenders in Manchester and beyond. Here are just a few of the most popular choices.
Bridging Loan:
From short-term small loans to plug a cash flow gap to larger long-term ones for investment and growth, business loans are a flexible way to secure capital. Secured loans require collateral and usually offer lower interest, a higher borrowing threshold and a longer payment term. Unsecured loans may require a personal guarantee.
Asset Finance:
Spread the cost of high-value assets, such as vehicles or machinery, with a lease or hire purchase plan. Monthly repayments are fixed and include both interest and VAT.
Invoice Finance:
If late client payments are affecting your cash flow, you can assign invoices to a lender who will immediately advance you the majority of the value. You’ll receive the rest, minus fees, when the client pays up.
How can Wenham Specialist Finance help my business?
As your Manchester finance broker, it’s our job to help you navigate a crowded marketplace to find the right financing for your business. From the first step to the last, our expert team will work closely with you to support your application – and we’re always on hand to answer any questions.
We have proven experience across the full range of business finance, and we’re networked with a wide range of lenders. From niche leasing companies to specialist mortgage providers to major nationwide banks, we’re committed to finding you the right match.
What are the lender requirements for commercial finance?
Lender requirements will vary depending on a few things: what kind of finance you’re applying for, how much you want to borrow, your company’s trading history and more. But there are a few things lenders will always want to know. Answering these questions is the first step to making your application stronger.
What’s your credit score like?:
Lenders want to know that you can repay the amount you’re borrowing, so the first thing they will do is carry out credit and security checks. They’ll take both your personal and business scores into consideration. So it’s crucial to clear up any outstanding issues before you apply.
How healthy is your business?:
You’ll need to supply financial accounts over a specific period, usually a few years, as well as other evidence such as balance sheets and a cash flow forecast. If your business is brand new, you may need to apply for a special startup loan.
What’s your business plan?:
It’s important to show exactly how the funding will benefit your business and how (and when) you expect to be able to pay it off. A detailed business plan is your best friend in this regard.
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 Manchester and support your business investment goals.