There are many reasons an SME business can suffer from short term cash flow issues. The good news is, however,there are plenty of solutions for such problems and most situations can be resolved quickly to put a company back on track. Common causes of cash flow problems are things like seasonal fluctuations, important fixed asset purchases, unexpected bills and the …
How we finished off 2019!
As we settle in to 2020, we thought we’d share with you a selection of the facilities we sourced for our clients in December. £150k Unsecured Loan for manufacturer of Log Cabins. Repayment over 5 years. Funds required for stock purchase and refinance existing debt. Funds drawn within one week of initial enquiry. £480k Commercial Mortgage for Tree Surgeon. Replaced …
The Dos and Don’ts of Purchasing a property at auction!
Buying Commercial or Residential properties at auction is becoming increasingly common, as investors and developers are attracted by the apparent bargains on offer. However, there are many pitfalls for the unwary. At Key, we have seen many examples of properties purchased for which we are approached for finance after the successful bid was made, only for the client to discover that …
Property Development – Picking the right team!
Development schemes often appear attractive ways of making a lot of money quickly. If you have not undertaken a scheme before, then you should not underestimate the amount of stress, hassle and heartache that you will experience as you progress through the scheme. You will certainly feel like you have earned your profit by the end of it! Having the …
Is your cash flow covered this Christmas?
December and January can be difficult months for many UK SME Businesses if your sales tend to decline towards the Christmas break. January too can be a very slow month of trade. During the Christmas break many UK businesses will close for a week or more which can have a very big impact on a business’s cash flow as companies …
Who do you turn to when your clients are looking for funding advice?
As a finance professional, you may often be asked for advice or guidance from your clients. At times, this may involve recommending the services of a third-party to help solve the finance challenges that your client faces. Serious consideration should be given to third-party introductions as the performance of the third-party will reflect on you. At Key Commercial Finance, we …
Source of Funds & Gifted Deposit
Proving your source of funds for the purchase of a property is extremely important in the conveyancing process, without which, a purchase cannot proceed. There are large sums of money changing hands in the conveyancing sector making this an area of law heavily attacked by fraudsters. Procedures have now been put into place by solicitors to determine where all funds …
Key supports Huddersfield Business Week
COMMERCIAL FINANCE DROP IN CLINIC! As part of the Huddersfield Business Week 2019, on Tuesday 1st October Key Commercial Finance will be holding a Drop In Clinic for all things Commercial Finance. Our team will be available at Café Ollo at The Media Centre, in Huddersfield for anyone wanting to drop in and talk to us about the options on raising …
Spreading the cost of your VAT bill
When the quarterly VAT bill comes around, it often puts a temporary strain on the company cashflow. Whilst businesses may often set aside funds to cover their VAT bills, there are often reasons why businesses may not want to part with all the cash in one go. We’re finding that more businesses are looking to VAT loans to spread the …
Have you considered an Offset Buy-To-Let mortgage?
With an offset mortgage a borrower can use any savings they have to reduce the amount of interest they pay on their mortgage. For example, if you have a £200,000 mortgage and £50,000 in a savings account with the same lender, you will only pay interest on £150,000. We work with a number of lenders who are able to offer …