Interest rates

Interest Rate update as at December 2020 Possible negative interest rates We continue to live in unprecedented times in the UK! The Bank of England checking with the High Street Banks to see if they have the systems to in place for negative interest rates (we believe some haven’t….). Impact on savers Negative rates could mean that savers are penalised …

Lender Update & CBILs for property Investors

How are lenders reacting to the current economic situation? High street lenders The main Banks have definitely toned down their appetite. A number have virtually closed their doors to new loans. Others have reduced the scope and level of their appetite. In short lenders are more cautious. Buy to let lenders and challenger Banks These lenders have made some modifications …

Finance for your Pharmacy

Are you thinking of buying your own pharmacy? Or perhaps you are considering how to finance growth of a pharmacy that you already own? Or do you just want to look at refinance options? Is your Bank reluctant, slow or overly cautious? If your own bank is reticent, we have funders with significant appetite for the pharmacy sector. We can …

Funding Circle enter the CIBLs market

COVID Business interruption loan scheme (CIBLs) – Funding Circle enter the market In a queue for a CIBLs Loan? Most of the mainstream lenders are putting their own customers first in considering whether to grant an emergency CIBLs loan.  So are you a with a Bank that is not part of the CIBLs scheme? Are you in a long queue …

Coronavirus Business Interruption Loan Scheme

A new temporary Coronavirus Business Interruption Loan Scheme, delivered by the British Business Bank, will launch early next week to support primarily small and medium-sized businesses to access bank lending and overdrafts. The government will provide lenders with a guarantee of 80% on each loan (subject to a per-lender cap on claims) to give lenders further confidence in continuing to …

NACFB, Coronavirus update

“The NACFB team joined a stakeholder partners call with the British Business Bank (BBB) yesterday to discuss their efforts ahead of the official launch of their Coronavirus Business Interruption Loan Scheme (CBILS). Full details are embargoed until the beginning of next week, but the efforts willl form part of a wider group of measures announced by the Treasury and the …

100% Funding on your Development Project

At Key, we work with a wide range of Development Lenders. We can source 100% funding on development projects where the lender becomes your “Build Partner” A facility that provides a full 100% debt and equity package with interest charged on funds drawn and profit share with borrower after total Gross Development Cost (including finance costs). Security is held in …

I want to apply for a Business Loan! What information will I need to provide?

More and more businesses are looking to business loans in order to ease working capital, or to purchase assets amongst various other reasons. When we’re approached by businesses looking for a business loan, we’re often asked what information they will need to provide. Below we set out what information lenders are likely to ask for; Business bank statements Lenders will …

Business struggling with Cash Flow?

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 …