Despite government efforts, banks aren`t lending as freely as they were before the recession, but if you own a property, you could use it to obtain secured business loans.
Recent Bank of England figures covering the final three months of 2012 show that lending to small companies only increased slightly, so you may not be able to secure the funds you need through regular means.
These secured business loans could be used for any purposes, subject to lender approval, such as employing additional staff or purchasing new equipment so that you can increase productivity with the aim of making a real difference to your bottom line.
On the other hand, you may have maxed out your credit cards due to lack of alternative borrowing methods, so you could use the secured loan to pay off cards to reduce your monthly outgoings and get back on top of your finances.
Although more interest may be payable if you keep the loan for the full term it may be best to get in control of your cashflow if you are struggling on a month to month basis.
Whether you`re a sole trader or a small business owner, coming to First Choice Finance for your homeowner loan will give you plenty of options and is a simple process.
We`ll do the legwork to identify the most suitable secured business loan for your circumstances and offer it to you on an absolutely no-obligation basis.
Find out more by calling us for free from a landline on 0800 298 3000, or call our mobile friendly number 0333 003 1505 alternatively fill in our short on line enquiry form and we will call you.
Unsecured Personal Loans
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Established In 1988. Company Registration Number 2316399. Authorised & Regulated By The Financial Conduct Authority (FCA). Firm Reference Number 302981. Mortgages & Homeowner Secured Loans Are Secured On Your Home. We Advice Upon & Arrange Mortgages & Loans. We Are Not A Lender.
First Choice Finance is a trading style of First Choice Funding Limited of The Old Courtyard, 103 Buxton Road, High Lane, Stockport, Cheshire. SK6 8DX. Copyright protected 2014-2018.