Welcome to the Richard Butler Creagh blog. There are many different types of finance options for businesses. These are used to give your business the flexibility it needs to make the purchases that will grow it long term. When new opportunities arise, you may need upfront deposits or capital so you can pounce on them. Whether it’s tendering for huge contracts that could take your business to the next level, or building the technology that you need for better performance, you may need to acquire funds to pay for it.

Business growth loans

Growth term loans are usually accessed quickly and with minimal fuss. They're a simple and credible option that businesses can use at different stages in their life for specific purposes. That’s the key point here — if you know what you need to do in the short run (and how finance can help you reach that goal), a short-term growth loan based on your turnover and revenue could be the right solution.

Asset Finance

Machinery and equipment are integral to many businesses, but finding the cashflow to buy them can be difficult. Asset finance options allow you to obtain the equipment you need for growth using a variety of methods, such as leasing, hire purchase or sale and leaseback.

In the catering sector – where asset finance is crucial – having equipment that is compliant with regulations (energy efficiency for example) is sometimes a necessity. The trick to maintain your growth, when upgrading or purchasing new catering equipment, is to make the equipment pay for itself using finance options, so by the end of the finance agreement the business has realised its growth and you can better afford repayments.

Commercial property Finance

Many businesses move into new offices as their teams grow. Some will purchase warehouses as their stock level rises, and others will simply want a better deal on where they currently operate, to either reduce costs in the long run or remove the constant demand for quarterly rent from the landlord. This is worth keeping in mind.

A good option here is to refinance existing equipment and machinery to raise deposits for such purchases. You can borrow from 60-90% of the asset’s value depending on the condition of the equipment and it comes with great, flexible terms. You’d be surprised by how many tangible assets in your business can be refinanced for commercial purposes.

Richard Butler Creagh commented; ‘’Using your current property to release equity can help to expand your property portfolio or make a down payment on new commercial premises.’’

Equity investment

Henley Finance know many business owners face the difficult choice of whether or not to give up equity in their business. Outside investment can be a great way to facilitate growth, but it also means you’re selling part of your company — and a share of future profits. It worth learning about the different types of investors out there from Angel investors to Series A investors.

To learn more about the best finance options for you visit the Henley Finance website, or contact Richard Butler Creagh here. Visit the Richard Butler Creagh  website here.