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.
This finance will help you secure better rates if you have assets. This could involve using your property, equipment and machines to release working capital. 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.
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 to 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 over 30, 60 or 90 days to generally cover your stock purchase. You get cash purchasing power and can fulfil your orders and lock in your profits. This solution can also be used if you have a lot of stock sitting idle to free up some working capital over a shorter term.
This is an easy cashflow 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.
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.
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.
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.