Glossary
Fees
Our standard charge for successful applications is 2% of the loan amount or £2,000 (whichever is higher) and this is only charged on production of an acceptable offer of advance from a properly regulated lending institution. In additional to this most lending institutions charge a fee to be paid only if they agree the facility. If the property or land needs to be valued you will be responsible for their charges in this respect.
Types of businesses we work with
Farms - Industrial Units - Hairdresser - Book Maker - Public House - Auction Room - Property Developments - Restaurant - Launderette - Broadcasting - Warehouse - Baker - Nursery - Riding School - Leisure Centre - School - Airport - Beautician - Café - Snooker Hall - Newsagent - Private School - Amusement Park - Bookshop - Cinema - Sports Centre - Office Equipment - Health Clinic - Bingo Hall - Car Showroom - Night Club - Takeaway - Petrol Station - Convalescent Home - Boarding Kennels - Cash & Carry - Golf Course - Theatre - Pet Shop - Dentist - Wildlife Park - Chemist - Grocer - Florist - Record Shop - Doctor - Wine Bar - Clothes Shop - Guest House - Funeral Directors - Shopping Centre - Nursing Home - Accountant - Dairy - Holiday Flats - Furniture Architect - Sports Shop - Private Hospital - Garage - Department Store - Hostel - Solicitor - Supermarket - Veterinary Surgeon - Garden Centre - DIY - Hotel - Antique Shop - Toy Shop - Factory - Gift Shop - Dry Cleaner - Private Club - Art Gallery - Estate Agent
Interest rates
Interest rates are dependent very much on the quality of your business - to include both historical and potential profitability and the quality and value of your business and private assets.
Bank base rate presently stands at 5.75% (November 2007) and margins over base rate vary from 0.75% to 6.75% providing a first charge can be taken over freehold or long leasehold property.
Interest rates for funding secured by 2nd charges on property or by machinery or vehicles vary between 11% to 33%. We are of course able to give you a guide as to the likely rate to be charged during you initial telephone call or written enquiry dependent upon your status.
