Table of Contents
*Rates and fees may need to be amended to reflect current market conditions
Welcome to Fast Forward Finance
Fast Forward Finance is a fast-growing business property loans brokerage in the UK that specialises in helping and supporting businesses when it comes to getting funding for business properties.
With years of experience and enviable expertise in the property loans industry, we are well-positioned to support your business by ensuring that you have access to the financial solutions you need for your business property investment.
We are able to source and provide loans for businesses that can be used for virtually every type of property needs, including property purchase, property renovation and property refinancing. If you are in the market for a business property loan, get in touch with us to talk about the options available to you.
A Trusted Capital Source for over Xnumber of Businesses
If you are trapped between selling a business property so that you can purchase your dream office, or you require quick funds to secure a bid in a property auction, you are on the right page.
Whatever your business property needs are, Fast Forward Finance is in the business of helping businesses source and arrange business property loans from a variety of flexible lenders. In fact, we have always endeavoured to be seen as a trusted source of capital for innumerable businesses in the UK.
If you want to meet your business property goals within the accepted time frame, get in touch with us to kick start the business property loans process today.
A Proven Track Record in Providing Business Finance
Fast Forward Finance is a respected broker in the finance industry providing small and medium-sized businesses with the best business lending solutions available. We leverage our large network of independent lenders to provide the widest range of commercial property financing solutions for your company. Our track record speaks for itself as we have been instrumental in helping XXX number of businesses meet their property finance needs. Call PHONEXXX today to find out how we can be of help to your business also.
Our Business Finance Specialist Team
In order to clinch a suitable business property loan deal for your business, you have to work with a professional team. We have such a team at Fast Forward Finance.
Here at Fast Forward Finance, our business specialist team is made up of seasoned professionals with a combined XXX years of experience in property finance and business loans.
Our expertise and industry experience can come in handy when you want the best loan terms. And even if you simply want to ask questions, who better to ask than people that have been in the industry for many years?
What is a Business Property Loan?
Business property loans enable businesses to buy or renovate any form of property, and to fund it through a loan. These loans may be used by a number of businesses to fund different types of property, including office buildings, retail or shopping malls, buy-to-lets, hotels, restaurants, or industrial buildings. The terms and rates for these loans can vary widely depending on what type of property is being financed and what lender is being used. The loan collateral may be partly the building itself, whether it’s an office, retail space, rental building, warehouse or any other development.
How to Finance Property with a Business Loan
It’s unlikely that you’ll have the money to buy a building in your first or even third year of business. This is why it’s always a good idea to start talking to a business property loan broker who can help you find the most realistic and successful loan plan.
The right business property loan can help you take advantage of a property opportunity that comes up, property that can be used to expand your business premises, house workers, increase production, or even serve as a buy-to-let investment.
Financing property with a business loan can overwhelming, especially for a first-time borrower. This is where we come in at Fast Forward Finance.
We can help you look at various business property loan options, explore interest rates and repayment plans and ultimately come up with a realistic way for you to finance the property you have in mind.
There are many forms of financing for business property, and there are many factors that affect the type of lending required. These include the type of business, length of the term selected, company size and company credit.
While considering business lending it is best to work with a broker such as Fast Forward Finance. Extensive knowledge of the industry ensures we can find the best deal possible and provide expert guidance on how to proceed.
What are the Business Property Loan Options Available with Fast Forward Finance?
Property Development Finance
Financing business property typically takes the form of a short-term loan that can be used to construct a new building project or to renovate an existing property. Lenders may be required to advance up to 70% of the gross value of construction, and terms up to 24 months may be required.
Fast Forward Finance specialises in seeking business property loans for all forms and sizes of businesses. We take pride in identifying the best prices and conditions for our customers, uniquely tailored to their company and needs.
Bridging finance, also known as a bridging loan, is a short-term financing option that many companies use as a way to bridge the gap between the need for access to finance now and a point of time in the future when sufficient funds are generated to repay the loan, usually after turning a profit. It can also serve as a kind of short-term loan when an initiative needs urgent financing.
A bridging loan can usually be obtained within a matter of days or even within 24 hours depending on the lender and is therefore suitable for quick turnaround projects when cash is urgently needed and funding is available.
If you’re going to buy property at an auction, it’s important to have your finances in order before you start bidding. However, when your finances cannot cover what you need, this is where auction finance comes in.
Auction finance operates on a principle similar to bridging lending. It provides you with funding to cover the time between your purchase and the other funds that are coming in.
The main benefit of auction finance is the speed at which it is possible to deliver the funds. Fast Forward Finance can deliver funds ro approved applicants within a matter of days, and we may be able to get loan approval before auctioning.
Mezzanine financing is a mixture of equity and debt that, due to the possible risks, gives the lending company a larger percentage of the business but also provides greater rewards for the business.
This is a financial product that is commonly offered by lenders such that if the borrower does not keep up with repayments, the lender can convert to an equity interest in the company to cover the debt.
Mezzanine financing often helps developers reduce their cash-flow requirements allowing them to finance projects that would normally require a larger share of capital.
The Benefits of Business Property Loans
There are several benefits to opting for a business property loan. Some of the common benefits are: You retain full control of your business and all its properties and can only be at risk when you default in your loan payments. Business property loans offer lower monthly costs with typically lower interest rates than other unsecured loans and can be fixed to help you manage and forecast your finances more accurately. There is also the benefit of improved cash-flow control, and you can sub-let some of your company premises to make extra income, provided the lender agrees.
Rather than waiting for your business earnings to rise until they are reinvested, it is more realistic to get funding from lenders. After all, you aren’t going to have to wait for years to collect funds for different business ventures. You don’t have to share the profits of your company. Business property financing lets you expand your company or boost its growth, which leads to more profits and long-term success. When you have done this, you won’t need to share your earnings with anyone else. You must repay the same amount of money, plus interest, to your lender, no matter how big or small the income you make from your ventures.
What are the Eligibility Criteria for Business Property Loans?
The criteria may vary from lender to lender, but they usually include:
- Length of business existence – Lenders typically only consider businesses that have been in operation for three or more years.
- Annual turnover – In some cases, only businesses that have an annual turnover of £XXX are eligible to apply.
- Credit score – Many lenders may use your personal or corporate credit score as conditions for lending.
- Business type – Your qualifications may also be decided by whether you are a sole trader, a partnership or a limited company.
- Industry – The nature of the industry your business is in, could also make a difference in getting business property loan. Several borrowers, for example, might be excluding transport companies.
Business Property Loans Calculator
It is a good idea to have an idea of what a business property loan is going to cost you before going ahead with one. This way, you can avoid making a business decision that may be wrong in the long run.
Use our free business property loan calculator to calculate the possible cost of taking out a new business property loan. Our calculator helps you figure out your repayments on an interest-only basis as well as on a capital repayment basis. We have a dedicated team that can answer any questions and provide you with more detail about any business property funding service we provide.
What’s the Typical Interest Rate for a Business Property Loan?
The interest rates on business property loans can vary depending on the lender and terms of the transaction. It also depends on your business type and the amount of funds you need.
That said, typical interest varies between 2.5% and 4%. However, you can get in touch with us so that we can compare loan rates and fees on your behalf. This is the best way to identify a suitable business property loan deal.
Some of the Sectors we lend to:
- Retail businesses
- Bars and restaurants
- Hotels and B&Bs
- Hair and beauty salons
- Dentists and opticians
- Auto garages and MOT centres
How does the Application Process for a Business Property Loan work?
Sign up online by completing our easy application, and start the process of obtaining funds from a dedicated business loans expert broker.
We’ll review your paperwork and negotiate with our lenders to see where we can get the best loan terms that will suit the business property loan you seek.
If you pass the criteria checking proces, our lenders are going to provide you with an offer in principle. This will outline the interest rate, fees and borrowing terms, along with what documents are needed to send a complete request.
If the offer is fine by you in principle, the lender and their lawyers can arrange to meet with you on site. This gives them the chance to meet you and grasp the project in greater detail. The relevant due processes will be carried out by the lender in partnership with Fast Forward Finance to ensure that you are eligible to receive the loan and can abide by the terms of the agreement. If everything checks out, the loan will be approved and funds deposited into your account. Note that in most cases, valuation of the property, lender’s legal fees and a few other additional charges are expected to be borne by the borrower.
What can Business Property Loans be used for?
You can use our loans for:
- To purchase, renovate or refinance a business property.
- To fund a property development project or invest in business property
- As a source of emergency cash to manage business cash flow
- To repair bad credit
- To handle tax and VAT payments
Why Choose Fast Forward Finance for a Business Property Loan?
Unsecured Loans Available
Many businesses do not have assets and thus cannot apply for secured loans. If that is your situation, with Fast Forward Finance, you may be able to still access a variety of financing options for your business, most of which are unsecured and do not require collateral.
No Early Repayment Fees
Even though terms for business loans are determined for a given number of months or years, if your financial situation changes, you can repay the loan and clear your debt well before the end of the loan period, without attracting any early repayment charges.
Flexible or Fixed-term payments
When it comes to property business loans, there are several choices, such as flexible payment plans and fixed payments. We will work with you to build a payment plan customised to your corporate and cash-flow needs.
At Fast Forward Finance, we only deal with companies who have minimum lending procedures.
Very little stands between you and the funds you need – with very little paperwork and a quick check on credit, you can count on receiving the funds you have applied for in a very short time, once you are able to satisfy all the conditions of the lender and your loan has been approved.
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Our partner lenders at Fast Forward Finance are more interested in the sustainability of your company, your loan security and how you plan to repay the loan rather than in your credit rating or financial circumstances. It means you can expect fair and rational decisions on all applications for loans.
We’re Easy to Work With
At Fast Forward Finance, we strive continuously to understand market dynamics and use that experience and up-to-date knowledge to deliver an effective, courteous and responsive service that works for you. We are easy to work with and are always interested in your ideas, so don’t hesitate at all to get in touch with us.
Stellar Customer Service
The Fast Forward Finance team consistently aims to be outstanding not only in helping clients secure business property loans but also in continuing to provide assistance and liaising throughout the entire loan process. With our excellent customer support and business experience we make the sourcing process for a business loan easier.
Transparency Every Step of the Way
We are proud to deliver a service at Fast Forward Finance that is straightforward and transparent. We are not going to force ambiguous terms and conditions on you. From the beginning, every aspect of your loan offer is made clear and you can be assured there will be no secret charges or unwelcome surprises in the future anytime.
Dedicated Account Executives
At Fast Forward Finance, we endeavour to be experts at taking the hassle out of a funding application. After just one phone call to a member of our team, we will allocate a dedicated account executive to you who will use his or her expert knowledge and experience to make your business property loan experience as pleasant as possible.
How to Apply Online for one of our Business Property Loans
It is pretty simple. Go to the Application page on Fast Forward Finance and press the Apply button. Tell us how much funding you are looking for, and follow our simple application process step by step. The application process is generally easy and streamlined, giving borrowers quick access to quick financing. Apply now.
Qualifications differ among lenders but generally, there are clear – and few – specified requirements, including a minimum number of months in business and ideally more than £XXX in annual revenue.
Meeting the minimum standards and criteria for a lender would make you a better applicant and we can point you in the right direction if you are not sure how to get started.
Easy Application Requirements
Unlike banks and traditional loan providers, our lenders do not need detailed paperwork. Our application requirements are quite easy and almost every business can meet them. In fact, you don’t even need a great credit rating, as long as you have a viable plan for repayment and can guarantee adequate security for the loan, you stand a good chance of getting the funds you need for your business property.
We will do our best to ensure that your application for a business loan is processed quickly and, once approved, you will obtain funding within hours or days and not weeks.
You have opted for the easiest and most efficient way to obtain fast business loans when you make the decision to work with us for easy business financing.
Want to Check your Eligibility Before you Apply?
There’s no need to be worried about the application process for business property loans, we are on hand to help you through it.
If you would like to find out more about whether your company would be eligible to apply for business property financing, please contact us or make use of our user-friendly eligibility test tool here.
Whether you are expanding your business or renovating your business premises, getting in touch is the first step toward your big move. Contact us today and let us talk about finding finance for your business property.