Go local for business finance
COVID-19 has undoubtedly impacted many aspects of business life in recent months, and accessing commercial finance can be a challenge for companies trying to future-proof their companies with the right funding. It’s why we are urging people to, ‘Call people, not places’ to ensure that they get the right advice and product from a lender which is appropriate for their business and the sector it operate in.
High street lenders have been inundated with applicants for the Government’s Coronavirus Business Interruption Loan Scheme during lockdown and their teams are working extremely hard to support their clients. Yet the reality is many applicants looking for commercial funding for the purchase of a business premises, equipment or vehicles will initially need to apply online. As a local firm, we are ‘real people’ who business owners can meet to discuss their plans.
It’s this personal contact which can be invaluable and just having a call to chat through ideas can make a real difference. Our expert team has more than 80 years’ combined experience in helping businesses in the area to secure commercial finance. As local people, we get to know and work with our clients over many years.
We have a lifelong connection to King’s Lynn and are active members of the community, so we have a deep understanding of the sectors and businesses in the area. This gives us a real advantage when helping a client to navigate commercial finance, and often we speak directly with lenders to achieve a positive outcome, even when circumstances may not meet standard criteria for lending.
More than 130,000 firms have received government-backed loans totalling £4.7bn during the pandemic, and we have still to hear how lenders will factor these into revised credit checking processes so it is even more important to work with a broker who can access the whole of market and navigate this new financial landscape.
Business finance is a complex area and it’s often both what you know and who you know which makes a difference to successfully securing funding for a commercial property investment, equipment or loan. With an easily accessible King’s Lynn office, business owners can meet us face-to-face to chat through and get their finances organised. We are ready to help, so if your business needs help, particularly during these challenging times, get in touch.
