Over the years, banks have perfected the art of tying so many strings around your affairs that it's traumatic to make a change. That helps them to get away with high fees and poor service. Now is a good time to start taking back some ground. mbt can review your current loan facilities and suggest alternative funding arrangements which will normally be cheaper and won't have all your security tied up, thus allowing you to effectively grow your business.
- Commercial Bills / Business Loans / Overdrafts: A number of finance solutions are available to cater for your specific requirements.
- Property Finance: New property developments or purchase of commercial facilities for owner occupier and investment purposes.
- Franchise Finance: Our lenders have developed an understanding of a number of different franchises and will look at lending up to 60% on the security of the franchise alone (subject to terms and conditions).
- Insurance Premium Funding (IPF): We can source competitive finance for most IPF requirements.
- Debtor Discounting: Debtor Finance is a responsive finance facility that provides a working capital solution for growing incorporated businesses. Unlike traditional lending, National Debtor Finance enables you to access funds off the strength of your sales – helping your business break through the glass ceiling imposed by fixed asset lending
- Inventory Finance: Allows businesses to purchase stock from suppliers for manufacturing or resale, without a requirement to have the stock pre-sold. This gives you the flexibility to grow your business beyond the constraints of working capital without any requirement for real estate security.
This is an undisclosed arrangement where you obtain 80% of your invoice from a financier. You continue to collect your debtors (They will not be aware of the financier’s involvement) and once the payment is received the cheque is banked into a specific debtor discounting account. Then the financier pays you the balance of the invoice, 20%, less their fees and charges.
For further information on how to disentangle the web and the line of Commercial loans available, please email us today.