Lease finance lets you rent equipment or assets for a fixed period, rather than buying them outright. It’s a handy way to get access to the tools you need, without tying up a load of cash.
Start Up Loans
Start Up Loans are aimed at new businesses or those in their first couple of years of trading. They’re usually unsecured, government-backed, and come with fixed interest rates and simple repayment terms.
Bridging and Development Finance
Bridging and development finance are both short-term funding options, mostly used for property projects. Think of them as “gap fillers” — they help you move quickly when traditional finance won’t cut it.
Merchant Cash Advance
A Merchant Cash Advance (MCA) lets you borrow money based on your future card sales. Instead of a fixed monthly repayment, the lender takes a percentage of your daily or weekly card takings until the amount is paid back.
Asset Finance
Asset finance is a way to fund the purchase (or use) of business equipment, vehicles, or machinery without paying the full cost upfront.
Differences Between Recourse and Non-Recourse Factoring
Recourse factoring is suitable for businesses that can manage the risk of non-payment and seek lower costs, while non-recourse factoring is better for those who want to mitigate risk but are willing to pay higher fees.