Independent Commercial Lenders Unveil New Products |

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In the current tight credit climate, SMEs in the UK have been challenged to access credit products that ensure financing for business operations. In the UK, independent commercial lenders have organized a series of possible financing options specifically geared for UK SMEs.

The independent lenders have access to standard financing options like commercial mortgages and conventional business loans but have gone a few steps further to arrange asset-based lending programs.

Asset-based loans

These lenders can help finance purchased assets like equipment, technology products, vehicles and machinery through their proprietary networks. At a time when cash has weight, preserving capital is a wise strategy for all SMEs. Using these independent commercial lenders allows the business to stay updated but not at the expense of working capital.

Most of these loans can be modified to meet the SME?s capabilities. These are excellent programs to strengthen your capital position and increase your cash flow. These days, nobody is paying cash unless absolutely necessary.

Typically, independent lenders have little difficulty procuring financing for commercial, heavy duty and long-haul vehicles, plant machinery, office equipment and new and used cars or fleets. Most independent commercial lenders have a minimum asset finance amount of ?15,000.

These lenders are playing an important part in the stabilization of SMEs. The truth that nobody in the UK wants to acknowledge is that SMEs are struggling to manage their cash. Credit is extremely difficult for all medium, small and startup ventures. Credit markets have not been fluid since the Lehman Brothers crash and banks are playing it very close to the vest.

Overcome tarnished credit

The recession has left a number of businesses with tarnished credit. Independent lenders serve a valuable purpose. They often have access to new types of lending programs. While credit is tight, manufacturers are pushing their products. Interest rates are near historic lows and can impact the company?s purchases. In these difficult times, independent financing businesses can provide valuable and viable financing for asset expansion and business expansion.

Independent commercial lenders are not restrained like dedicated lenders. Independent commercial lenders can draw from a multitude of lending solutions to ensure that their clients pay the lowest rates possible with a little cash outlay as possible.

Every small and medium business person knows that the key to success is to work through difficult times. Great businesses are ones that rise to the occasion and turn a negative into a positive. Independent commercial lenders can help.

NGI Finance are commercial mortgage lenders, please visit their website to learn more about how independent lenders can help small and medium sized businesses.

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Source: http://www.howimportantisyourfinance.com/2012/10/06/independent-commercial-lenders-unveil-new-products/?utm_source=rss&utm_medium=rss&utm_campaign=independent-commercial-lenders-unveil-new-products

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