We are able to arrange finance for many trading businesses either on a Freehold or a Leasehold basis and have formed good relationships with a large number of lenders who will provide finance for the following business sectors:
- Newsagents, General Stores, Sub Post Offices & General Retail Businesses
- Fish & Chip Shops, Kebab Shops, Hot Food Take Aways, Sandwich Bars & Catering Businesses
- Hotels, Guest Houses & Bed & Breakfasts
- Pubs, Restaurants, Sport & Leisure Sectors
When considering any loan application, we will need as much information as possible so that we can assess each case properly and suggest the most favourable options. Information such as the last three years accounts is usually required, although not immediately necessary, as we can move matters forward with up to date management accounts or the most recent VAT Returns.
We deal with Freehold and Leasehold Businesses being sold with a Commercial Lease. In the case of Leasehold Businesses, we are one of the few brokers that have lending sources who will consider finance of up to 50% LTV (Loan to Value) without additional security and up to 100% LTV with suitable additional Freehold security.
In addition to the above, we can also arrange exclusive loans for existing leaseholders who want to buy out a partner, repay a vendor’s loan, discharge a VAT debt, increase stock levels or simply renew trade equipment. These start from £25,000 and are secured on the business lease.
If you would like advice on your finance options for a proposed purchase or refinance case and would like to discuss matters in more detail, please call us on 0845 388 7602.
Alternatively you can write to:
Paul M. Salmon, CeMAP, FNAEA, FICBA
Salmon Financial Services
28-30 High Street
or fill out the brief form below and click Send.
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