AMortgageShop.com

Our Services > Business Funding

A range of commercial finance solutions are available to suit all needs and circumstances.  Please visit our commercial arm at alexanderbance.com for more details or call us now on 020 3151 9929

Why Put your home at risk?
We are a specialist mortgage broker securing finance and refinance for the following sectors:

Catering Care / Education
Restaurants, Wine Bars, Fast food cafe Rest Homes
Indian/Thai/Chinese American Diners

Nursing Homes
Fish & Chip Shops All Restaurants Residential Care Homes
  Childrens Nurseries
Retail Miscellaneous
General Stores and Hardware Shops Sales/Repair Garages
Newsagents, Dry Cleaners Off Licences Chemists

Petrol Stations
Post Office Store MotorAccessories Motorcycle Shops
  Sports Goods Shops
Funds can be used for any purpose:
  • Purchase a going concern business
  • Purchase a second business
  • Discharge outstanding debts
  • Pay off outstanding V.A.T. / Tax
  • Refurbish / Expand Premises
  • Buy out Partner(s)

amortgageshop.com specialises in obtaining finance to assist with purchase, refinance, development and expansion of the above listed sectors. Loans can be applied in individual names, joint names, UK companies, and Offshore companies. Whatever the nature of your proposals, we would be able to provide you with details of what the finance market has to offer both quickly and efficiently.

TRADE FINANCE

This facility is usually for financing of products by way of exporting or importing through Letter of Credit facilities. In the case of Letter of Credit facilities (i.e. a bank guarantee payment), the lender usually requires the applicant to input certain percentage of the funding facility and the balance the lender would fund. In exceptional circumstance the lender may provide 100% finance.

Business Overdraft

Business Overdraft finance is provided to supplement the working capital requirements of your business. Overdraft financing is provided when businesses make payments from their business current account exceeding the available cash balance. An overdraft facility enables businesses to obtain short-term funding – although in theory the amount loaned is repayable on demand by the bank. The amount of an overdraft at any one time will depend on the cash flows of the business, the timing of receipts and payments, seasonal trends in the sales and so on.

Invoice Factoring

Invoice factoring provides the cash flow finance and debt management solution that your business needs to succeed. It produces immediate cash advances from the funds you are already owed by your customers (debtors), thus increasing your working capital. Factoring companies will typically provide an initial cash advance up to 90% of the value of outstanding invoices within 24 hours. The factoring agreement will also provide an ongoing facility that increases in line with the volume of sales and values of invoices you issue.

How factoring works

You send out your invoices including an assignment notice and credit notes as normal providing a copy by post or electronically (on line) to the factoring company. The factoring company sends out monthly statements and ensures payment is received on time, having agreed a credit control strategy with you beforehand. This allows you to chase up some of your larger/more important customers yourself ensuring goodwill is maintained with them whilst still collecting the money in a timely manner. Your customers send their payments to the factor who in turn then credit you with the balance due i.e. less the initial payment and their charges. The sales ledger is updated on a monthly basis by the factoring company and, using the latest internet technology you can have immediate and real time access to all your account details from online factoring companies.
Regular management reports are provided by the factoring company giving details of the sales ledger and your account with them.

Invoice Discounting

Invoice discounting provides the cash flow finance and debt management solution that your business needs to succeed. It produces immediate cash advances from the funds you are already owed by your customers (debtors), thus increasing your working capital. Invoice discounting companies will typically provide an initial cash advance up to 90% of the value of outstanding invoices within 24 hours. The invoice discounting agreement will also provide an ongoing facility that increases in line with the volume of sales and values of invoices you issue. Invoice discounters will also provide finance against stock, plant and machinery and property - see Asset based lending Unlike factoring you maintain full control of your sales ledger, the issuing of statements and collection of cash. As a result the service charge is much lower.

How Invoice Discounting works

You raise an invoice as usual. You send a sales daybook listing to the invoice discounter either by post or, more likely, via the internet.
The invoice discounter makes available the agreed percentage of the invoice value, up to 120 days old, by electronic transfer within 24 hours.
You send out statements and chase payments as usual. The invoice discounter opens a trust account in your company's name into which you pay all cheques received. Alternatively, you can include the bank details on your invoices and the client can pay directly into the account. You notify the lender of all deposits as received and he credits you with the balance i.e. less the initial payment and their charges. The invoice discounter provides monthly bank statements showing all transactions although these details can be accessed by you at any time online.

BRIDGING LOANS

Bridging Loan is a temporary finance for asset purchases and other payments to cover periods when funds are due from, for example, the sale of another usually similar asset. Short-term bridging loans can be quickly arranged on a completely 'non-status' basis, i.e. no accounts required, no income proof required, any amount of CCJ's/Defaults Criteria:

  • Residential propertyUp to 80% of Open Market Value. Any purpose.
  • Commercial property
  • Up to 70% of Forced Sale Value. Any purpose. 
    If the loan requirement is less than the maximum stipulated above, then better terms may be available.
FRANCHISING

Are you looking to start your business and make it grow? Franchising can present such an opportunity – the chance to start your own business under the umbrella of an established brand and a proven businessformat. Finance for making a strong start - Funding for franchising is currently available through our panel of lenders.

We provide fast and accurate assistance and promptly respond to queries as they arrive. Our panel of lenders offer extensive range of lending products including loans and overdrafts. All borrowings are subject to status and ability to repay. The lender would normally fund you up to 70% of the franchise cost. The interest rates are dependent upon the business sector, the status ofthe borrower, the period over which the money is being borrowed and the type and value of the security provided.

OFFSHORE COMPANIES.

Why go Offshore?

The term “offshore” came into being when islands off the coasts of the USA and Europe were described as “offshore financial centres”. Their common characteristics were low or no taxes and they tended to have less rigorous compliance requirements than their “onshore” neighbours. The word became a generic term that included such mainland financialcentres as Andorra, Monaco, Liechtenstein and Luxembourg. But every country is offshore to the rest of the world and having a "tax free" regime is not always the primary consideration as there may be other fiscal, legal and administrative reasons for going "offshore". Surprisingly the United Kingdom (which has some of the lowest tax rates in the European Community and the highest number of double taxation treaties in the world) and some States in the USA are among the largest offshore financial centres in the world. 
Offshore Companies and Trusts have a variety of uses and several advantages most of which can be summarised by the words

  • liability
  • privacy
  • asset protection

The following are a few examples of the uses for offshore companies:

  • Property Ownership
  • Investment Company
  • Employment Company -Professional Services
  • Trading
  • Holding Company
  • Personal Holding Company
  • Holding Company for Intellectual Property /Patents/Copyright and Royalties
  • Shipping

INTEREST RATES

Each application is treated individually and assessed upon its strengths. A standard rate of interest does not exist, with our knowledge and experience we will be able to direct your application to the most suitable and competitive lending source.

TERM

Generally the maximum term will be 25 years.

LOAN TO VALUE

For freehold business, generally upto 75% of purchase price can be considered, whereas with leasehold premises the loan to value is generally restricted to 60%. However, with additional security, upto 100% of purchase price can be obtained for both freehold and leasehold premises, but in all cases, the ability of the borrower to repay the loan has to be demonstrated.