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Commercial finance from Hilton Smythe Finance

Commercial finance to help you and your business grow. 

Hilton Smythe Finance want to help you fulfil your business ambitions through finance. Whether you need commercial finance to grow your business, buy a commercial property or buy a business, we’re on hand. Since we deal with High Street banks, secondary and third tier lenders we can get you the best deal possible. Furthermore, we’ll get to know you and your business to put the best case forward to lenders for you. 

 

Hilton Smythe Finance can help with your commercial finance in many ways because we are an independent, whole of market broker, such as:

  • fixed and variable rate loans – can be linked to Base rate or Libor
  • Short and long-term commitment periods – up to 25 years in some cases
  • Amortisation periods up to 30 years
  • Capital & Interest repayment / interest only periods
  • LTV’s can vary widely and can be up to 100%, although typically 70%
  • Bank arrangement fees added onto the loan.

Some lenders just refer to them as ‘Business Loans’.

 

We can steer you in the right direction due to our extensive knowledge and experience. Along side that, we will guide you along the way. Our unique approach ensures you get the best possible rates and terms available across the entire market. Instead of simply approaching your own bank first, speak to us and benefit from our experience, service and whole of market access. It’s important to approach the right lenders relevant to your specific needs. We ensure we approach the right lender, for the right finance resulting in the best deal for you. Want to learn more? Find out how to finance your first business or use our free loan calculator to work out monthly payments and interest. 

We can assist in your search for finance wherever you are in the UK because we are an independent finance broker. For a confidential, no obligation discussion, get in touch to find out how we could help you with your commercial finance needs.

 

Our range of financial services… 

These are available to trading businesses, who are looking to purchase or refinance commercial property, from where their business operates.

Some lenders just refer to them as ‘Business Loans’.

Various commercial mortgage options & terms are available:

  • fixed and variable rates – can be linked to Base rate or Libor
  • Short and long-term commitment periods – up to 25 years in some cases
  • Amortization periods up to 30 years
  • Capital & Interest repayment / interest only periods
  • LTV’s can vary widely and can be up to 100%, although typically 70%
  • Bank arrangement fees added onto the loan.

 

Funding available to assist with either the purchase or refinance of property which is let out to tenants.

We are able to work with all the high streets and specialist lenders to source the most appropriate funding solution.

Properties which can be funded include but is not exhaustive:

  • Rretail and commercial units
  • Semi commercial properties
  • HMO’s
  • Offices.

 

These loans are secured on property and can be used for various reasons, but are most commonly required for quick property purchases, sometimes at auction, urgent cash flow injections, property development and investment property purchase & refurbishment prior to letting out.

Common features and options are:

  • Quick turnaround, can be within 48 hours
  • First and second charges available
  • Terms from 3m to 24m
  • Most properties acceptable
  • LTV’s usually between 65% and 75% (including interest roll up), can be 100% with additional security
  • Some lenders will lend against the value rather than just the purchase price.
  • Fees can be added to the loan.
  • Clients with impaired credit history generally accepted.

 

Both these refer to lending against the value of a company’s debtor book/sales ledger the facility gives a client fast access to cash from unpaid invoices rather than having to wait for payment from the client, in maybe 30, 60 or 90 days.

The facility can only be used for business to business sales.

Lenders can release up to 90% of the invoice’s value, typically within 24 hours.

When the invoice is settled by the customer, the lender pays the remaining balance less their fees. These fees are split between a service charge based on turnover/value of sale ledger (typically between 0.5% and 1.5%), and interest charged on the actual amount of funds borrowed.

With factoring, the lender will manage the sales ledger whereas with Invoice financing, the client retains control over the ledger and invoice issuing.

 

Whether it be houses, apartments, retail units or commercial units, whether you are an experienced developer or looking to complete your first scheme, with access to a huge range of specialist lenders we can help source the funding to suit your requirements.

Lenders work against both loan to cost (LTC) and Loan to Gross Development Value (GDV).

Options available:

  • Up to 75% LTGDV and 90% LTC (100% with additional security)
  • up to 24m term
  • Interest rolled up into loan
  • Flexible repayment dates
  • Stage drawdown against QS/Architect certificate.

 

For businesses looking to expand through purchasing another business, we can help to provide a bespoke funding package.

This finance package can often be made up by a mix of secured bank loan, unsecured loan, utilising government schemes and deferred considerations.

 

These can range from small unsecured loans to larger and complex secured loans.  They can be for New startup businesses to long established companies.

Purposes vary from working capital needs to business expansion and can also be used for leasehold / goodwill purchases.

Common features include:

  • Flexible terms with no early repayment penalties
  • Fixed or variable rates of interest
  • Short and long terms available.

 

A government backed scheme, EFG facilitates lending to smaller businesses that are viable but unable to obtain finance from their lender due to having insufficient security to meet the lender’s normal security requirements.

In this situation, EFG provides the lender with a government-backed 75% guarantee against the outstanding facility balance, potentially enabling a ‘no’ credit decision from a lender to become a ‘yes’.

EFG can be used for a variety of purposes although there are some sector and lending limit restrictions i.e. cannot be used for property investment or development.

Maximum loan term is 10 years.

Loan interest margins are usually higher than a standard business loan.

Enterprise Finance Guarantee – About EFG

A specific type of finance to assist experienced people who work in the company and know the company well, buy out existing management. More common in larger corporates, but also available at smaller business levels. Lenders tend to focus less on security and more on the Cash flow available for debt servicing (CFADS).

 

 

Get in touch

Looking for a FREE business valuation or finance for that business you’ve always dreamed of buying?
Get in touch and let us know what we can help you with.

 

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Why use Hilton Smythe for your commercial finance?

  • Expert and knowledgeable team with many years’ experience dealing with business finance
  • No up-front administration or fee charges
  • Specialist in helping you fund the purchase of your dream business
  • Whole market approach to get the best rates for your circumstances
  • Dedicated broker who understands commercial finance.

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