Business Finance FAQs
We answer your frequently asked business finance questions
The amount you can borrow depends on your current financial situation and the product you are enquiring about. Generally speaking, we can offer facilities anywhere from £5,000 up to £5,000,000.
For asset finance and loan products, we are able to achieve terms between 3 months and 7 years. As for commercial mortgages, terms will typically range between 10 and 25 years.
Ultimately, to gain a full credit approval, searches will need to be carried out on the business, in some cases directors will also need to be credit searched. However, we are able to assess the business and provide an indicative quote prior to any searches being made.
You are able to reach us via email, phone or using our online contact form. Then an account manager will be in touch to discuss your requirement in further detail and proceed with an application.
Absolutely, if you have a customer looking to finance your products, we are able to help. We can start with an indicative quote and if your customer wishes to proceed, we will take care of things from there. We are able to offer referral fees for any successful transactions that are introduced.
Whether you use a hire purchase or finance lease really depends on your current situation as both products have their benefits. With a hire purchase agreement, you are required to pay the full VAT upfront as a minimum deposit. Whereas with a finance lease, you do not have to pay the VAT upfront as it will be spread across the term of the agreement. You will not be able to deduct hire purchase payments from your corporation tax, but you may be able to claim various allowances. With a finance lease, a lot of the time you are able to deduct the monthly payments from your profits before corporation tax is calculated.
We are able to get same day decisions, however in most cases we expect decisions to take 2 working days.
Of course, however we may need to ask for further information on your background and your business model.
We are able to obtain finance for customers with poor credit history, although we will need to understand the reason behind the poor credit.
We do not charge our customers a fee for our broker services. We receive a commission from the funders that we introduce our customers to. Every funder we work with may pay commission at different rates. The commission paid to Access Business Finance Ltd is included in every quote we provide. Our goal is to arrange the most suitable and attractive finance for our customers with the most suitable funder, to help our customers grow their business.
Contact Us About Finance
Tell us about your business so we can assess your finance options.