Services
Business and Corporate Banking, Bank Overdrafts, Loans and Facilities
- Re-Banking - Changing banks is a big step but a good relationship with your bank is essential for any business. It may be
better to seek a new bank to have a fresh start or if your bank chooses not to support you and your business. You may wish to look at
alternatives if your current bank becomes too expensive, increases the cost of your banking, reduces your borrowing limits or asks for more
security.
- Finding a new bank - We enjoy very strong relationships with all the senior people within the High Street Banks, both
locally and nationally. The banks regularly seek new business from Real Commercial Finance as we know which banks like which type of business.
We always obtain the best deal for clients, not the bank. We examine all bank documentation from start through to completion to ensure you get the best correct deal for you and your business.
- Which bank do I go to - We have special arrangements with most of the banks and also with some banks that you may not
know. We know the decision-makers within all those banks and will present an application for you in a way that the bank will want to receive.
Invariably, we will always accompany you to meetings with a new bank.
- Types of businesses - We offer vast experience to all size of business in all sectors of industry. These range from retail to leisure, manufacturing to wholesale, agriculture to healthcare, and the service industry to professionals. There are very few businesses
that we have not been involved with.
- International Services - If you import or export, then we can negotiate and arrange all types of international trade
facilities from Letters of Credit to Forward Contracts, trade cycle financing to documentary collections and multi currency accounts and
foreign treasury management.
- Interest Rate Management - Most customers believe they can only borrow at a variable or fixed rate. There are well over 40
different interest rate products available in the market. We can support, advice and guide you through this complicated process.
- Business purchase and acquisition - We can advise on all aspects of business finance when purchasing a new business as
well as arranging finance, support and advice for management buy-ins, management buy-outs and business acquisition. Real Commercial Finance
engages with lawyers and accountants all the way through these transactions to ensure that the entire process runs as smoothly as possible.
Property Development Finance
- Availability - Whether you wish to fund a single property or a large commercial scheme, we have gained a huge amount of
experience in the field of property development finance. We have arranged finance from £250k to many millions.
- Borrowing Structures - These can be implemented into the deal dependent upon client experience, deal size, industry sector
and nature of proposal. We have lenders that consider funding geared against gross development value (gdv) rather than using traditional funding
as a percentage of costs. This can provide 100% of build costs, interest and fees, so if land is purchased shrewdly, then this can be a
significant contribution towards land costs.
- Mezzanine Finance - This provides the 'top slice' funding, which can reduce or remove the need for client equity to be used.
Using mezzanine funding, we have lenders who are prepared to fund up to 100% of the total cost of the scheme. Whilst this may be more expensive
than normal bank borrowing, it can get a transaction to work.
- Repayment - Development finance loans are normally advanced in stages as the development grows. Consequently, the value of
security is enhanced during the project. We have lenders who will incorporate fees, costs and interest into the project with ultimate repayment
being achieved from the sale of completed properties at the end of the project. Alternatively, loans can be moved onto long term loans or
partially repaid from the sale of part of the development.
Bridging loans
- Purpose - Can be arranged to fund the purchase of an asset, normally a property or land
- Loan Amounts - Normally available up to 70% of the valuation of the asset being offered as security. Minimum loan value £25k.
- Period of Loan - Available from 1 month - 12 months but longer terms can be negotiated. There are normally no fees for early
repayment.
Enterprise Finance Scheme
- Who is eligible - This is a UK government £1.3bn scheme to support bank lending to any
business with annual turnover of up to £25 million. It is aimed at businesses that are currently not easily able to access the finance they
need.
- What is available - Loans of between £1,000 and £1 million can receive a Government guarantee support
for a loan term from 3 months to 10 years. This can be used to support new loans, to refinance existing loans where the loan is at risk due to
deteriorating quality of security, or to convert an existing overdraft into a loan to release capacity to meet working capital requirements.
- How the scheme is accessed - The Enterprise Finance Guarantee is available through 26 lenders. Real Commercial Finance has
access to all these lenders and can negotiate for clients loans using this scheme.
Residential Mortgages
- These are provided through our sister business, Real Mortgage Finance Limited, an independent FSA regulated mortgage business who are fully qualified to give you the right
mortgage advice. www.realmortgagefinance.co.uk
- We do not normally charge a fee for residential mortgages.
- Repayment terms can be arranged to meet all borrower requirements, to suit every individual no matter what your financial circumstances which
include;
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- Interest Only
- Capital and Interest Repayment
- Repayment
- Fixed
- Variable
- Capped
- Discount Rates
- Self Build
- First Time Buyers
- Adverse / CCJ / Poor Credit History
- Self Certification
- Lifetime Mortgages
YOUR HOME MAY BE REPOSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE
Buy to Let Finance
- RCF can arrange finance for residential property landlords either for clients with large portfolios or those just starting out on their first
investment property purchase. Typically terms are available up to 85% of property values. Loan terms are available for up to 30 years either on
repayment or interest only.
Invoice Finance and Factoring
- Invoice Finance - Normally confidential as you retain control over your sales ledger and collections,
so customers are not aware that you use this type of facility. Many larger businesses use invoice finance as opposed to bank overdraft and in
certain circumstances up to 90% of invoice values can be lent against the value of sales invoices.
- Factoring - This manages your sales ledger and credit control as notice is given to your customers to make payment
directly to a factoring company. Again up to 90% of invoice values can be lent. Factoring is normally of benefit to smaller businesses.
- With/Without Recourse - If you suffer a bad debt, then a factoring or invoice finance company normally claws back this
amount from your facility. We can negotiate an additional service whereby any bad debt is covered.
- Credit Insurance - Can be arranged for factoring and invoice finance facilities. However, this service can also be
arranged for companies that do not use factoring or invoice finance.
Commercial Property Finance
- Availability - finance can be arranged for all types of commercial industrial and semi-commercial premises, whether
owner-occupied, tenanted or within SIPPS. We use a very large range of lenders including the major banks, commercial building societies, foreign
banks and specialist commercial asset lenders.
- Amounts - Up to 85% of property value with 100% if additional security is available.
- Terms - interest-only or repayment are available, for a loan term of up to 30 years.
- Purpose - adverse credit history can be accommodated, also sale and lease-back, re-mortgages to raise new capital,
self-certification loans and new property purchases.
Asset Finance and Leasing
- Hire Purchase - the most common and well-known form of finance for assets that can be used to acquire almost any asset
from equipment to machinery, computers to vehicles. We use a wide range of finance companies to ensure our clients obtain the best competitive
prices.
- Leasing & Contract Hire - similar to HP except assets do not appear in balance sheets. Normally there is an
option to buy the asset outright at the end of the contract, often at nominal cost. Leasing payments are considered as a business overhead so can
be charged against business profits.
- Revolving Credit Lines - if you regularly use asset finance, we can arrange competitive credit lines to allow you to
purchase assets without having to frequently complete application forms.
- Block Discounting - a facility used to finance businesses that hires or leases assets to its customers.
- Fleet Management - a variety of fleet management schemes are available should you run a fleet of vehicles, with or
without maintenance contracts.
