Secured business loans are available in Ireland to help you expand your business. If you need new machines, vehicles or equipment we can help compare loan options and find the lowest interest rate to save you time and money.
We can also help you refinance your existing assets to get more working capital. This can often give you access to bigger loans and at the best rates. The amount of money you can get depends on the value of the securable asset. We have a range of partners and we will help you achieve the best deal.
Unsecured finance options are growing in the Irish market. The P2P options are the easiest way to go because the approval process is simple. No requests for reams of documents. All you need to provide is a set of accounts and six months bank statements. The loans are funded quickly, often within days. This finance is unsecured and there are no early settlement fees so you can save money on interest if you pay it off early. The term could be for a period of months or up to three years. That being said, there are plenty of other alternative finance companies operating in the unsecured finance area and we’re here to guide you through it.
Whether you are an established company looking for a succession solution, a major shareholder looking to sell or a start-up performing well and looking for growth funding there are equity partners to suit your requirements. Many business owners fear giving up a piece of the pie, however this is generally not something to worry about. Not only do you get a cash injection to grow the business, you gain partners with expertise and connections to help you grow bigger, quicker.
Invoice finance is available as a one-off or ongoing arrangement. You can increase your cash flow by getting around 80% of each invoice paid as soon as you create it and the remainder on settlement, less fees.
Purchase order finance is short-term finance up to 120 days to cover your stock purchase until you get paid. You get cash purchasing power that can enable you to negotiate a better deal from your supplier and not be beholden to their credit terms. This leaves you free to fulfil your orders and lock in your profits.
This is an easy cash flow solution for any business that has a high volume of card transactions, or online via PayPal and Stripe. To access this finance there is little paperwork and it's quick. Great for newer companies that are expanding. Examples of companies we have helped with business loans in this area include retail, hotel, restaurant and pubs.
Read our latest blog post on merchant cash advance.
Property developers and construction companies can avail of finance from €100k to €5m in secured working capital finance to complete their projects. Generally you can receive a lump sum without repayments until an agreed date, the property sold and you have got your profit from the sale.
We can help produce the finance proposal and get your business loan approved for your construction project. Whether you’re doing a renovation, building more on an existing site, houses or apartments we have finance partners who are fast-acting.
There are a range of options out there for agricultural businesses. Alternative finance can offer a blended approach of peer to peer finance for working capital, secured asset finance and cash flow can be released from refinancing of existing assets in some cases.
If you need new machines, equipment or vehicles leasing can be a quick and tax efficient option. Your supplier is paid straight away and your payments can be spread over a favourable term such as 5 years.
There is also an option to get a master lease agreement if your business expects to spend a minimum of €25k on new assets in the year. You get pre-approved for a “line of credit” for leasing. Then you get your assets fast, when you need them and with no deposit. Read more on this in our blog post.
Leasing works well for businesses ranging from construction to catering, IT to farming and laundry to transport. Call us now on 01 55 636 55 for more information.
We live in an imperfect world for startup finance however, there are options out there for new or younger companies. There are government-backed options and there are private unsecured options. We are happy to discuss your options.