0114 262 0873

Exploring commercial facilities Pt. 2

Following on from our article last week; SME Finances will be detailing the ‘ins and outs’ of not only what considerations should be analysed but what steps should be taken when making submission.

  • How much funding does your business need?

This is yet another question you should have asked of your business before progressing a submission. The question that should always be at the forefront is ‘is this the cheapest money’? If you take out a loan for more than you actually need, it’ll affect your income-to-debt ratio, and interest can be costly.

There are a myriad of reasons to access commercial finance from consolidation to equipment purchases but, for a continued health business operation, research and understands the debt levels the business can manage and make sue the money is working for you and your business.

Click, connect and stay up to date with the latest business news by starting a live chat, calling in or requesting a call back.



Need help with anything?
Request a callback now.

* These fields are mandatory.