Types of Finance Available

Summary

Very few businesses can afford to stand still and as your business evolves, so will your financing requirements. When the time comes for change, whether through choice or circumstances, you will need specialist advice and guidance.

Ascendis have developed strong relationships with providers of all types of funding and we will work with you, recommending the most appropriate form of funding to assist your growth or circumstances and will guide you through the process from start to finish.

We have extensive experience of the following:

  • Bank overdraft facilities
  • Bank loan applications
  • Re-banking
  • Enterprise Finance Guarantee Scheme (EFG) applications
  • Structured finance deals
  • Factoring
  • Confidential Invoice Discounting
  • Commercial mortgages and Re-mortgages
  • Bridging Finance
  • Development, Seed and Venture Capital
  • Government and Local Authority Grants
  • Asset Finance
  • Private Equity Investment

In order to obtain any of the above, we can assist with:

  • Financial Projections
  • Business Plans
  • Introductions to our partners
  • Business valuations

Factoring

Do your customers currently owe you money?

Have you delivered goods and/or provided services and are waiting to be paid?

Do you want someone to assist with credit control and reduce the chance of bad debt?

Factoring helps thousands of businesses in the UK confidentially turn unpaid invoices into cash in the bank. It’s a well established method of providing finance that directly grows in proportion to your turnover.

Factoring can be a cost-effective solution to funding your business. Special variations include those for exporters or in the construction industry. We specialise in tailoring the correct package to maximise the benefits of factoring.

 

Invoice Discounting

Invoice discounting helps thousands of businesses in the UK to turn unpaid invoices into cash in the bank confidentially. It’s a fuss-free process used by many major companies that can support your growth by providing finance that grows in direct proportion to your turnover.

Providing your business meets some basic requirements, invoice discounting is simple to administer and should not intrude in your day-to-day processes. We can tailor the ideal package for you to maximise the benefits of invoice discounting.

Bad Debt Protection

How well do you really know your customers? Has your business ever suffered a bad debt?

Bad Debt Protection may be able to help.

Every time you extend credit to a customer you are essentially lending them your own money – strange as that might sound, that’s how business is done.

Bad Debt Protection safeguards your business against the failure of a customer to pay you. Together with the safeguards of your own credit controls, it helps mitigate risk and keeps you trading profitably.

Protecting against the failure of your customers can be as flexible as you need.

 

Trade Finance

Do you need finance to fill a trade cycle funding gap?

Trade Finance is a way of taking away the payment risk and the supply risk for those involved in the trade cycle.

It can assist if you have either a confirmed order, or if you have shipped goods, helping bridge the gap between paying suppliers and receiving money from buyers.

 

Asset Finance

Does your business have fixed assets, plant and machinery or vehicles?

You could benefit from using asset finance to release working capital or help purchase new equipment.

We can provide a range of flexible funding options including Hire Purchase, Leasing and Refinancing, enabling you to purchase assets to grow your business or unlock working capital. Asset finance is one of the most popular funding solutions available.

We also offer bespoke packages to maximise these facilities in conjunction with either factoring or invoice discounting, meaning we can raise even more money for you at a better overall rate, without making the process difficult.

We can tailor the correct finance package so you can maximise the benefits of asset finance.

 

Vehicle Finance

 Through our specialist partners we are able to assist with the below:-

  • Business Contract Hire
  • Personal Contract Purchase (PCP)
  • Personal Contract Hire (PCH)
  • Finance lease
  • Hire Purchase
  • Lease Purchase
  • Operating Lease

 

If you need, or already use a vehicle for business, our partners can help sort the right deal for you. They understand the many options that are available in this field, from sourcing used and new cars to advising you on available packages, green issues, tax efficiency and benefit in kind.

With their insider knowledge of fleet availabilities and trade awareness, they add in their extensive knowledge of capital allowances, benefit in kind, trading expenses and taxable profits to make sure that the money you make is wisely spent and not wasted.

Whether it’s best for you to lease or purchase, they can advise you on low-deposit, flexible deals that will give you control over your outgoings, with monthly payments on both leasing and purchasing to let you budget effectively – all arranged over time periods to suit you.

 

Stock Finance

Do you hold stock in your business?

If so, stock finance can be used to release cash otherwise tied up in a warehouse.
Finance can be raised against both raw materials and finished goods.

Stock finance is sometimes offered on a standalone basis, but more commonly forms part of a structured asset-based lending facility.

Providing you have good stock management systems, as your stock holding increases so too will your stock finance facility.

 

Property Finance

Do you have a business property or a development opportunity?

A commercial mortgage could help release cash tied up in one of the business’ most valuable assets. Or we can look to refinance a current facility in order to secure more attractive rates or release equity.

Bridging finance could help with a short-term funding gap, with funding decisions available in some cases inside 48 hours.

Property development finance cases are assessed individually.

 

Loans

Loan schemes are available directly from the government, or from local authorities and other bodies, to help small businesses that are unsuccessful in obtaining money through their own bank.

Typically, loans are available for a wide range of purposes and can often address the funding gap mentioned above.

In contrast to a Grant, when a loan is provided there is likely to be a requirement for the business to give security and cover the costs associated with the loan.

 

Grants

Ever thought your business could be eligible for a grant?

Identifying the grants available to finance businesses can be a confusing process.

Currently, there is a wide range of grant finance available from both government and private funds for Entrepreneurs, Start-ups and SMEs, whether it’s start-up funding or capital investment in return for creating jobs in deprived areas. Grants are usually available for specific purposes: eg exporting and relocation costs, or investment in machinery. Some schemes operate across the whole of the UK, some are regional.

Many grants are designed to support the development of small and medium sized businesses (SMEs).

 

Equity

Do you have an innovative business with the potential for fast growth but a shortage of funding? Equity investment might be the answer.

We understand that business owners can be reluctant to give up equity, but we have a wealth of experience in this arena and are well placed to provide you with the best advice.

Typically, we assist businesses who require between £50,000 and £1million – for growth purposes, or to assist with a stressed or distressed trading issue.

We can also make the proposition more attractive by registering the business with HMRC under EIS or SEIS to enable equity investors to get 30% 0r 50% tax relief respectively.

We give business owners access to potential fund parties that would otherwise be hard to find.

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