BusinessLoans.ie is happy to have helped our client, an accountancy firm, with a renovation loan over 3 years. They had self-financed most of the work but hit a stumbling block with a bigger-than-expected bill for fire safety certification work. They needed a quick turnaround and we were able to get the €150,000 organised fast.
Does your business need a fast finance quote? Call the BusinessLoans.ie team on 01 55 636 55 or email hello@businessloans.ie.
BusinessLoans.ie is celebrating another happy client. A civil engineering firm identified a short term but immediate cash flow issue. Some of their county council clients, while reliable, were slow to pay. They needed €50,000 minimum but would prefer €100,000, if that was possible. They were able to get a fast finance quote with an easy-to-get documents request in 24 hours. They were approved for the desired upper limit of €100,000 and the director could then e-sign and the funds transfer was underway. The client was delighted with the smooth process and were able to get back to focusing on business.
Does your business want a fast finance quote? Call the BusinessLoans.ie team on 01 55 636 55 or email hello@businessloans.ie.
BusinessLoans.ie has experienced social housing finance partners who can assist construction companies & property developers. It’s a bespoke service that can gives you help where it’s needed. That could be an analysis of the best options for what you should do with a site; or introductions to housing authorities. Most importantly, you can avail of the best property finance rates from a panel of private & institutional lenders. Our partner is a social housing specialist with a detailed understanding of the market. You can be assured of a smooth process from start to finish and can avoid any of the potential pitfalls that can arise in complex projects.
Get expert guidance from the team who will ask the right questions and produce a comprehensive report. Have you a site or looking to purchase a site for development? If so, have you identified and addressed the possibilities to maximise the value of the site? Have you stress tested your model against current market trends? Have you fully modelled out the best scheme, phasing & what impact this has on cash flows? Have you considered how this impacts your ability to seek financing? Do you require financing options to assist with understanding how these can impact your business or project?
To help with these questions you can get the following:
Pre-acquisition site strategy report
Post-acquisition site maximisation report
Assessment of suitability for social housing
Debt advisory services for new debt facilities or improve current facilities
Site disposal advice
Property due diligence
Master planning & design efficiency
Development strategy advisory
Feasibility study
Financial modelling
Detailed viability analysis & risk assessment
The following information would be necessary to carry out a full commercial assessment:
Title report - Confirmation of title (i.e. freehold / long leasehold) to include a copy of the title map
Confirmation of site area; site boundary map
Any feasibility study carried out (indicative plot ratio, site coverage, density, heights, gross floor area etc.)
Draft plans of proposed development, drawings, layout, house types, schedule of accommodation
Schedule of development costs, build cost estimates, order of magnitude of costings
Copy of any building survey, planning, environmental or archaeology reports if available
Confirmation of any site contamination or flooding, easements, rights of way, services – main sewers, electricity and water
Confirmation of any development levies outstanding
Confirmation of part V agreement (if agreed)
Details of the professional teams, architect, QS, engineer etc.
You get full debt advisory services including:
Sourcing and negotiating new debt facilities or improve current facilities
Managing process from indicative stage to drawdown
Management of financing relationships
Sourcing additional debt/ equity capital to support growth initiatives
You can ensure peace of mind by dealing with social housing finance experts. When you are up against a state body, unexpected requirements can be costly. Our partners have their finger on the pulse of the Irish social housing market. They handle the process for you from start to finish. Not only do you get the best rates you get project management which is key for the profitability of your project.
Want more information? Talk to us on 01 55 636 55 or email hello@businessloans.ie
BusinessLoans.ie is celebrating another happy client. A beautician called and said they needed to renovate the interior of their business because it was looking dated. The problem was, their recent accounts were showing small losses and they had declines from the bank and other lenders. When the Business Loans team reviewed it, we identified they were making steady sales with their card machine. We engaged our merchant cash advance partner who were happy to quote. The client got fast funds and could attend to their business renovation project.
Does your business want a fast finance quote? Call the BusinessLoans.ie team on 01 55 636 55 or email hello@businessloans.ie.
BusinessLoans.ie is celebrating another successful deal. Our client needed working capital. During the pandemic their main supplier was busy with HSE contracts and changed their payment terms. They had also found some new lucrative contracts but needed to supply favourable credit terms to their client. All-in-all this resulted in a strain on cash flow. They had made more plans to expand the business. A €50,000 requirement was identified. When they spoke with us they had tried their bank but the documents requests were too much to attend to and the business owner was time-poor.
With BusinessLoans.ie our client provided a quote at a low rate quickly and they had the funds in their account in days. Does your business need a fast finance quote? Email us at hello@businessloans.ie or call 01 55 636 55.
BusinessLoans.ie helped a sustainable building & retrofit contractor who won a lucrative Sustainable Energy Authority of Ireland (SEAI) contract. When we first spoke they had already tried their bank for a standard bank loan so they could have enough working capital for expenses while they waited to get paid. They said the SEAI can take a couple of months to pay and the impact on cash flow would be too severe on them.
It seemed that invoice finance could be a great solution but it wasn’t straightforward with the SEAI. Work had to be signed off and sometimes alterations were required. Traditional bank invoice finance couldn’t deal with this complication. BusinessLoans.ie used an alternative lender who found a workaround for this. On the rare occasion an alteration was required some information from the SEAI system would suffice. Our client was offered favourable terms and a €2 million limit facility that was more than enough to satisfy their need.
There are a number of invoice finance options on the market. There are one-off or ad hoc solutions enabling you to release working capital from invoices whenever you choose. Generally there is a portal where you upload the invoice. You get a quick decision if they accept it and get funds fast. Then there are ongoing solutions that give you peace of mind knowing you have a limit and a financier who will support you through thick and thin. BusinessLoans.ie can get you fast invoice finance quotes. Email us at hello@businessloans.ie or call 01 55 636 55.
Have you been considering asset finance to get new vehicles, machines or equipment your business needs to perform at this time? While many of the banks & asset finance lenders have tightened their lending rules lately, while in times of economic uncertainty it can be a great time to pick up assets you need at the right price. The good news is that there are a number of finance options on the market with government-backed SBCI funds.
You may be assessing a purchase of older machinery, equipment or vehicles. Possibly land or an industrial unit you’re renting that might be of too low value to get a commercial mortgage. A low-rate, Credit Guarantee Scheme unsecured loan for capital expenditure is now available through our partner up to €250k. Generally you would expect your business to have been profitable the past 2 years & show affordability for repayments evident in the recent bank statement history. We can get you fast feedback on approval.
There are a number of low-rate Credit Guarantee Scheme asset finance options from alternative lenders right now. Whether you prefer hire purchase or leasing, with a nominal buy-out option at end of term that can help with tax efficiency, our partners can assist. Assets can be new or used and hopefully from a reputable dealer within Ireland or the North. UK mainland is more challenging due to Brexit.
If your business can add turnover with the asset while showing affordability for repayments, the credit teams are sympathetic to your requirements. Finance can be quickly ramped-up if you perform well / as restrictions ease. Talk to us today on 01 55 636 55.
BusinessLoans.ie helped a funeral home get a finance facility. They had outlaid a lot on capital expenditure and the bank account was too low on working capital. A requirement of €100,000 over the next 24 months was identified. This would ensure they had steady cash flow and could safely build up their reserves again.
BusinessLoans.ie identfied an opportunity to get a loan under Covid-19 Credit Guarantee Scheme. This gave the business owner an excellent rate & comfort that he wouldn’t have to sign a personal guarantee. The financial controller had been considering a 12 month term but on hearing there was no early repayment penalty decided to go with a 24 month term and have the option to settle the balance of the loan during term to save on remaining interest if cash reserves are deemed sufficient upon review. They are confident in their forward planning now that they have secured financing.
If your business needs funds for working capital, expansion or capital expenditure talk to us. The Credit Guarantee Scheme is still available until the end of the year, or when the funds are gone. We’re here to help 7 days. Email us at hello@businessloans.ie or call 01 55 636 55.
You may have heard of a loan option backed by the Irish Government through Microfinance Ireland. It’s designed to support microbusinesses through the pandemic that may need working capital. You get 0% interest and no repayments for the first six months. If you start the loan application with the Local Enterprise Office, the rate will start ticking over at 4.5% on conclusion of the interest-free period. You can try for up to €25,000 and a term up to three years for working capital or five years for capital expenditure.
The application process can be a pain point for some business owners. BusinessLoans.ie has professional application partners who can organise this part of the process for a small rate. Talk to us today. Email hello@businessloans.ie or call 01 55 636 55.
There are a number of loan options on the market for businesses that are reopening after lockdowns. You can potentially get loan quotes from pillar banks or alternative business lenders under the Credit Guarantee Scheme for working capital, stock or other needs. But what if your business accounts and bank statements are now imperfect after all these lockdowns and you don’t qualify? The good news is there are business finance options if you’re currently transacting on your card machine.
Fast decision based on your volume of sales by card
Easy application process
Flexible repayments that work with your cash flow
Your business is transacting from €4000 a month by card
You have at least 6 months merchant statement history
Your business passes the credit check
If you’re in retail or any shop, hairdresser, barber, hardware store or takeaway restaurant talk to us about organising a finance quote today. Even if the bank has said no and you don’t feel confident, we can often assist. So long as you’re currently trading, the partner credit team are understanding & can even top up your facility as your cash flow improves. We’re here for you 7 days on 01 55 636 55 or email us on hello@businessloans.ie.
