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Whatever your Business Finance needs provided that it is fundable, we promise to find you the best deal.
Whatever your Business Finance needs provided that it is fundable, we promise to find you the best deal.
Business Purchase
There are many ways to raise the finance to purchase an existing business.
If the purchase price is of any size, a Lender will normally look for some sort of security for the loan.
Many businesses use Leasehold premises, so it is important to negotiate a long lease in order to get an affordable rate 35 years is a good starting point. It will also be important to ensure that the lease does not contain a Bankruptcy Clause as this will negate the value of the lease to the Lender.
The Lender will look at the Applicant's experience and Track Record, looking to see whether it could be applied to the business being purchased. They will be interested to see how the new management will be able to make a success of the business that is being purchased. The Lender will look carefully and the Track Record of the business being purchased, the Applicant's Business Plan as well as past experience.
If you would like advice on raising finance to purchase a building, please
If you are unsure whether you wish to apply for a loan for your business now, but would like to talk to an experienced adviser please click below.
