Rupert Hogan, MD of BusinessLoans.ie had the pleasure of talking finance with Alison McMurtrie on Dream:Reality, the podcast providing practical tips for business owners & the challenges they face.
Alison runs Idunn Consulting and can help your business perform better.
BusinessLoans.ie is celebrating another happy client. An Irish construction firm secured over €110,000 to assist with machinery & working capital for a new housing project. Their business performed well in 2021 but a payment they were expecting was delayed. This impacted their cash flow and planning for their next big job. The owner had identified a used machine at a bargain price. While it was in great condition, it was too old for many asset finance lenders to quote. Our unsecured lender was unconcerned with the age of the asset. The business’s accounts & bank statement performance were strong enough to make the lending decision without taking a charge on the machine. The business owner was able to draw down their funds in days and got a machine that will be of great benefit to their ground works for their new project. On top of this they have some additional working capital left over to assist until the first stage payment comes in, easing cash flow pressure.
Does your business need a loan? Email us at hello@businessloans.ie or call 01 55 636 55 for fast finance quotes.
BusinessLoans.ie is celebrating another successful deal. It was for a kitchen renovation company that specialises in respray and restoration of kitchens, baths, worktops and more. During the pandemic restrictions they took a considerable hit to their business. Now they were busy. Like many in construction related industries they were enjoying a renewed uplift in bookings. The business wanted to update the fleet of vehicles, machines and have some working capital left over. A requirement of €100,000 was identified. When they spoke with us, they had already engaged with their bank. They found the requests for reams of documents too much to deal with; especially business plans and detailed financial modelling when their accountant was so busy with pandemic issues and filing deadlines. They were looking at alternative finance options that were faster.
BusinessLoans.ie identifed a loan quote under the Covid-19 Credit Guarantee Scheme with a non-bank lender. Our client was happy to only have to provide minimal documentation such as recent accounts, bank statements and a tax clearance certificate. They were approved & funded in days at a low rate and didn’t have to worry about a personal guarantee or early repayment penalty. Does your business want a fast finance quote? Get in touch today. Email hello@businessloans.ie or call 01 55 636 55.
BusinessLoans.ie is celebrating another successful deal. It was a pizza chain franchisee that wasn’t trading so long. They didn’t have a set of accounts filed with the Companies Registration Office yet and this ruled out most debt financing options. Their bank was unable to help.
BusinessLoans.ie identified a fast finance quote based on their significant card machine turnover. Our lending partner provided a merchant cash advance of €25,000 with a flexible repayment that fits with their cash flow cycle. The client got their working capital and they were happy. Does your business need a fast finance quote? Email us at hello@businessloans.ie or call 01 55 636 55.
BusinessLoans.ie is celebrating helping another client. With the global issues in shipping, it’s put a strain on Irish businesses keeping enough stock in their warehouses. This was the same case for a tile retailer whose working capital was tied up in shipping containers in transit. They needed to make bigger orders and they didn’t have access to acceptable credit terms from their suppliers. While this business had some issues on their accounts as a result of the pandemic, they were enjoying better margins on their product with the general price increase in construction materials.
A finance quote opportunity was identified because they had a volume of retail card sales. Our lending partner secured over €40,000 in stocking finance for them with an option to top them up again in the coming months. They were happy. Does your business need a loan quote? Talk to us on 01 55 636 55 or email hello@businessloans.ie.
As we leave the summer months behind many business owners will have more time to plan for their business initiatives ahead. We are also getting to the stage where the Government will be phasing out supports. If you forecast that this could hit your cash flow and may need some working capital finance there are still some good options out there such as the Covid-19 Credit Guarantee Scheme. This can give you working capital financing, invoice financing, hire purchase, leasing and more. All at low rates and without personal guarantees. It’s always a good idea to do a health check on your business before seeking additional financing. Your accountant will be invaluable here. If financing is the right choice, BusinessLoans.ie is here to organise fast finance quotes 7 days. Email hello@businessloans.ie or call 01 55 636 55.
Did you know that Irish businesses affected by the pandemic can get low-rate loans with no personal guarantees for peace of mind? The government & the SBCI have allocated €2 billion to banks & alternative lenders to help businesses with working capital, business expansion and for buying new items they need to perform at this time. Get loans from 6 months to 60 months at rates from 4.75%
Fast approval
Low rates
No early repayment penalty
No personal guarantees
Wide variety of loan purposes
Your business is down 15% on turnover or profit
Your business is generally profitable
Your business passes the credit check
Talk to the business loans team today about getting your simple unsecured loan quote. Generally our partner credit teams will review simple documents such as accounts & bank statements. They grade them for risk from A grade down to D grade and apply a rate from 4.75%. It costs nothing to find out if you qualify & at what rate. Call us now on 01 55 636 55 or email us at hello@businessloans.ie. We’re here to help, 7 days.
Irish business owner Todor Stanev has recently concluded another asset finance deal with help from BusinessLoans.ie. Stanev remarked "a year ago our business had 2 vans. BusinessLoans.ie helped us finance 13 more vans. Thanks to their assistance our turnover has multiplied many times."
BusinessLoans.ie MD Rupert Hogan commented on the latest deal "ITL Logistics is a prime example of how a well-run business with a hard-working team can be supported with finance. With every van they acquire their business grows. They really are a logistics company on the move!".
BusinessLoans.ie has assisted ITL Logistics with hire purchase & leasing options from the best alternative business finance companies operating in Ireland and at the best rates. If your business needs finance to grow call the business loans team now on 01 55 636 55.
