In certain circumstances you can borrow much more than this. Its reasonably common to arrange business finance at 85% loan to value. Consider also that we can easily use personal assets to use as a cash injection, use your existing pension arrangements or a mixture of other business finance arrangements such as asset finance discount factoring and sales ledger funding to get to the 100% funding level.
Other Business Finance Frequently Asked Questions:
- Are you an independent financial adviser?
- Why is it believed that business finance such as bank borrowing and leasing is better than using your own cash?
- Does the NACFB provide me with any support or protection?
- Is my tax situation improved by leasing capital equipment?
- Do I need a solicitor?
- If I have bad debt and ccjs can you help?
- My bank is calling my loan in as they no longer want the debt. Can you help?
- How do I appoint you and do I pay you now?
- Are grants easily available?
' Any assets or property used as security may be repossessed if you do not keep up repayments on any commercial mortgage or loan. Think carefully before securing other debts against your home, your home may be repossessed if you do not keep up repayments on your mortgage.'
'All information is based on our understanding of current legal statutory requirements and current tax practices which are subject to change.
'Worldwide Financial Planning Ltd are authorised and regulated by the Financial Services Authority. Worldwide is entered on the FSA register www.fsa.gov.uk/register/ under reference 440668
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