Richard Butler Creagh on Business Loans

Welcome to the Richard Butler Creagh blog. Richard Butler Creagh has been in the bridging lending business for many years. Richard Butler Creagh's is financing process is laser-focused on the asset. All else is secondary. Because the only thing that matters is your property. In today's post, we talk about the types funding to finance your growing business. Read on to find out more.

The recent statistics show that over $4billion of loans have defaulted. This has a significant impact on the lending business as it increases the risk when borrowing money and consequent increases the cost for borrowing money which not only impacts the individuals but also the economy due to increased cost. Today organic growth for the business is almost unheard of on a medium and large scale. In fact, a study has shown that a healthy business has approx. 60 % on finance to get optimal growth.

As they say, There is no business without cash to open it. Smaller or larger. The idea itself is not enough!   It is a challenge for young entrepreneurs to get financial resources to start a business. The vast majority of cases, opening a business with no financial outlay is simply impossible. Fortunately, in recent years there have been many opportunities on the market to take out a loan to start a business in the UK. The situation is even simpler if we take care of a good business plan and we want to create new jobs. The property market, however, has an exception where has to be sufficient security in the project.

 A loan from a bank in the UK. The most important element that decides about obtaining a loan to start a business in the UK is credit history. This is what the banks take into account when assessing our creditworthiness. This assessment determines the credibility as a borrower and is to be a confirmation for the bank that we are able to repay the loan. It is developed in a credit score system, and the number of points we get translates into the amount of the loan that we can apply for. The same works for business and in many cases if there are not securities even for a limited company the bank will require a personal guarantee, which defeats the object of having a limited liability company in the first place.

Loans for start-ups. Another way to get a loan to start a business in the UK is to take out a bank loan intended only for start-ups. Usually, these are loans for relatively low amounts (from several to several dozen thousand) with a short loan term. On the British market today we find only a few banks that have an offer of loans for beginner entrepreneurs, but each year there are such offers. Banks are afraid of a fairly high risk of insolvency, which is why they are still more willing to lend money to enterprises that are already operating on the market. We must remember that the banks

Business grants. A grant is an amount that finances a specific project or business goal. They are usually non-returnable and can be paid from many sources, such as the UK government, non-governmental organizations, Business Enterprise, etc. Grants can be associated with a specific activity, business sector or geographical location of our company. This is the case for grants paid by the UK government. Such co-financing may cover up to 60% of the amount provided for in the investment.


Richard Butler Creagh helps you with your business loans, it's easier than you think. The reason most small business owners don't get financing is that they're looking in the wrong places. Learn more about Richard Butler Creagh here and how he can help you get the capital you need here. Browse  Richard Butler Creagh's complete collection of business, financial news, property tips and more on the Richard Butler Creagh's Pinterest page here. You can also follow Richard Butler Creagh's Facebook page here.

Richard Butler Creagh on London House Prices

Welcome to the Richard Butler Creagh blog. Here we share with you why house prices in London are falling. Richard started his career in the building industry. After a very triumphant career in property development, Richard understood the needs of fellow professionals and requirements in short-term bridging finance and formulated a way that they could be better met through Henley Finance. Read on to find out more.

Many property investors and homeowners wonder if they should accept offers that appear on the weakening market or whether they can wait out price drops, counting on being temporary. For most of the last four decades, waiting was a good strategy. The houses of prices in the UK were on the rise. However, it is not known whether Brexit and gradual withdrawal of easy money policy in the world will not make the current stagnation turn into something worse.

Richard Butler Creagh Explains European Bridging Finance  

Welcome to the Richard Butler property blog. Here we share with you information why bridging finance is an important part of the property and business development in general. Richard Butler Creagh is a financial consultant who founded Henley Finance in 2013. In today’s blog, you’ll discover more about bridging finance loans.

Richard Butler Creagh on Commercial Property Loan

Welcome to Richard Butler Creagh Blog. Richard Butler Creagh is a property and Finance Consultant. Read on to find out more information about commercial property loan, which can help you build your business infrastructure.

If you are a self-employed whether it be a Lawyer, Doctor or Businessman you need a proper workplace where you can work with a peace of mind and an environment which gives you inner motivation towards your work. To purchase such a commercial property it is a bit difficult as the price of such property is comparatively higher than a residential property and people generally opt for business loans to fulfill this need. However, to overcome such a problem - a commercial property loan will help you own a workplace of your choice so that you can take a step closer to your business goals.

What is a Commercial Property Loan?  It is basically financing a fixed property used exclusively by a borrower to purchase a property for the commercial use. A borrower can take the loan and then provide it for rent as well. This includes property for office and general commercial accommodation.

Commercial Property Loan can be availed for the following purposes:

Richard Butler Creagh on Brexit house prices.

Welcome to the Richard Butler Creagh blog. Richard Butler Creagh has been in the bridging lending business for many years. Much has been written about the impact of the UK’s housing market that leaving the EU without a deal could send house prices tumbling by a third. Some regions have boomed, while foreign investors continue to keep faith in the UK.  In today’s blog, we bring you the insider’s guide to what experts from the estate agents think will happen over the coming months.

Richard Butler Creagh  Shares Things to Consider Before Taking Out a Bridging Loan

Welcome to the Richard Butler Creagh blog. Richard Butler Creagh has been in the bridging lending business for many years. Before talking to an expert about your requirements for bridging finance, there are a few other factors to consider. Essentially, bridging loans are designed to be a route to raise money quickly and, as such, should be thought over carefully. Consider these points before applying for your bridging loan:
Understand what is available. When looking to take out a bridging loan, especially for the first time, it is important that you understand how the loan works and what the likely costs are.

Consider how you will repay before taking it out. When selecting the term of your bridging loan, it is easy to go for the shortest possible time frame in an attempt to reduce the amount of interest paid or maximize the net loan. If the loan term ends and you are unable to pay it back as agreed, you will be in default of the loan and may well be penalized financially.

Choosing the right solicitor. Picking the right solicitor is crucial to ensuring the loan completes on time and without issue. Your solicitor will act as the sole liaison between the lender and yourself when it comes to your understanding of the legal terms of the loan. With this in mind, it is advisable that your solicitor is well versed in dealing with bridging loans.

Bridging loans are a great option if you need to move quickly to buy a property. Like any other home loan though, it’s not a debt to be taken on lightly and it pays to speak to a professional mortgage broker so they can provide the right recommendations to you. Whether you are a first home buyer or a sophisticated investor we can assist with a detailed, tailored approach to your investment finance.
Contact Richard Butler-Creagh on the Henley Finance website. Read more about Richard Butler Creagh online here. Like the official Richard Butler Creagh facebook page here and keep up to date with the latest posts.

Richard Butler Creagh Shares How to Finance Property Development Project

Welcome to the Richard Butler Creagh blog. Richard Butler Creagh has been in the bridging lending business for many years. If you’re a property developer, investor, or landlord, there’s a range of finance available to help you kick-start your next project. But even for experienced developers, the alternative lending market can feel large and complex. In today's post, we’ll run through some of the things to think about so you can make the right financial choices.

Commercial Mortgages. Commercial mortgages can be used to purchase commercial property. They work the same way as private mortgages, helping you spread the cost of a large purchase over time. A typical example could be an architect who wants to buy the building where he practices, instead of paying large amounts of rent, he would prefer to own the property, but can’t afford to pay for it outright.

Auction finance. Auctions can be a quick way to get a property at a discounted price, and there are lenders who specialize in auction finance. Once you’ve made the winning bid, auction houses usually require the funds within 28 days, which means you have to move fast to secure funding. There are also lenders who’ll give you finance before you attend an auction so you can arrive prepared with an 'agreement in principle'  this type of arrangement can be particularly useful for experienced and established developers.

Bridging finance. This can mean any short-term funding that helps pay for building and development costs. These two terms have significant overlap and might seem interchangeable, but there are differences between the two. The main thing that determines if you need bridging finance or development finance is how ‘heavy’ the project will be.

As you can see, property development is a complex area, especially when it comes to financing.  whether you’re buying your company’s premises, or growing your rental portfolio best first step to take when determining what type of finance you need is to assess how extensive the project is, how long it will take, and how much it is likely to cost — in both the best- and worst-case scenario. Contact Richard Butler-Creagh on the Henley Finance website. Learn more about the  Bridging and Commercial app here and follow Richard Butler Creagh on our Twitter page. Show your support online!

You can also watch this Henley Finance video here and see what we can offer you: