Leasehold Business Finance - Easy Start
Purchase or Refinance
- up to 100%
- Leasehold finance to £500,000
- NEW Easy Start plan!
- Fast decisions
- Purchase up to 100% with additional security
- Short leases acceptable
- Refinance up to 50% ( 100% with security)
- Clear loans, buy another business, refurbish etc
- Max 10 year term
- Special licensed trade facilities
Leasehold business finance used to be available directly' from your high street bank in order to buy that fish and chip shop, off licence or dry cleaners. However many small business owners such as yourself have now discovered that in fact the banks just don't want to know.
In fact most retail business premises in the UK are held on a short lease at a commercial rent which is reviewed, usually upwards, every three or five years. Leasehold finance essentially involves a tenant renting a premises in order to carry on a trade such as a chemist, Indian restaurant, wine bar, supermarket, etc.
However F1 Finance have a unique facility to raise leasehold business finance for many businesses. Where additional security is available 100% funding is possible and the new EASYSTART facility is offered. Decisions usually same day and 4-6 weeks to complete.
The business valuation will be the main factor in lending decisions with this facility. The accuracy of normal accounts is not critical as the valuers will assess the actual trading records and receipts of the business.
The real value of a leasehold business is its turnover. There is no freehold security which makes leasehold finance a high risk for the lender. Although location, competition and level of rent do matter, the ability of the business to support the loan overrides all other factors....cashflow is king here.
Fish and chip shops, Chemists, Dry Cleaners, Garages, Pubs and Bars, Brasseries, Bistros, Restaurants, Post Offices, Takeaways, Newsagents. Convenience Stores, Health Clubs, Plumbers Merchants, Computer Shops, Off licences, Hotels, Guest houses etc…We can help provide leasehold finance for all these and more.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR OTHER LOANS SECURED ON IT.
Licensed Credit Broker Consumer Credit License Number 590441
Associate Member NACFB
Interbay Natwest Barclays RBS Bank of Scotland Commercial First Salt Norwich& Peterborough
