Unsecured Loans
Unsecured lending is an effective means of attracting capital for your business needs without having to fix the loan to assets or property. These loans can be used for almost any business purpose with affordable and flexible repayments spread out over a term that suits your projected cash flow.
At Sanmai Finance
We work with a variety of lenders able to offer unsecured business loans up to £350,000, and there are options for lots of situations
Why unsecured business loans?
Unsecured business loans are a great funding option for businesses that don’t own many assets, businesses that would prefer not to offer security, or any company that’s growing fast and needs finance quickly.
Benefits of unsecured business loans:
No need to have any security or assets
Quick to arrange
No valuations necessary, legal process simpler
Borrow up to £350,000
Secured Loans
A secured loan, is a loan in which the borrower pledges some asset (e.g. a car or property) as collateral for the loan, which then becomes a secured debt owed to the creditor who gives the loan.
Why unsecured business loans?
The name ‘secured loan’ describes this form of finance perfectly – it is a loan which is secured against your main residence, buy-to-let properties or commercial buildings in second charge behind your main mortgage and does not affect your current mortgage or the rate you maybe on.
Subject to your personal circumstances, secured loan key features include:
-
Rates from 2.6%
Borrow £5,000 to £2.5m
LTV up to 95%
Flexible lending
Independent from existing mortgage
Residential, Buy to Let &Commercial property accepted
All types of credit history considered
Loan terms from 1 year with low or no early repayment charges
Invoice Finance
Invoice Financing is used by a variety of businesses, such as construction companies and professional service firms, that don’t get paid immediately after completing a job. Invoice financing can help you raise money quickly in exchange for invoices that are due in several weeks or months. The money can be used for any business purpose.
1.Factoring
It is a full-service form of Invoice Finance where the factor provides finance against the whole sales ledger and manages the credit control function. The facility in most cases be disclosed and your clients will be aware of this.
2.Invoice Discounting
It releases cash against a company’s outstanding invoices in the same way as factoring but the company using the facility retains control of the sales ledger and the collection of the debts.
3.Selective Invoice Finance
Selective Invoice Finance is an on demand line of credit secured by one or more outstanding sales invoices. Submit only the invoices you would like funding against. Offer just one invoice or up to 10 invoices at any given time – it’s your choice. Our flexible fee structure allows you to choose the funding period. The shorter the period, the cheaper the finance.
Asset Finance
When added to our invoice finance solutions, Asset Finance allows you to access additional funding against your plant and equipment or property, to maximise the working capital available to your business.
What are the benefits?
- Raise additional finance for growth, buyout, sale of business or merger/acquisition scenarios
- Flexible repayment options including interest-only periods
- Gain a competitive advantage with fast access to additional working capital funding
Who does it suit?
- Asset Finance suits all SMEs that have significant plant and equipment or property available to fund against. This provides those businesses already using an invoice finance facility with flexible working capital to further grow the business.
- For more information about how we can help your business, fill out a quick inquiry form or call us on one of the contact numbers.
Trade Finance
Trade Finance is a great option for businesses who are exporting and/or importing. Trading internationally can be very risking with the longer distance for goods to travel and the different trading terms.
A Trade Finance provider can give you the financial support and guidance you will need to ensure that your business runs smoothly. A lender will provide trade finance when an exporter requires an importer to prepay for goods shipped.
The importer will of course want to reduce their risk and ask the exporter for proof that the goods have been shipped. The lender will assist by providing either a letter of credit to the exporters bank or making payment direct upon presentation of related documents, such as a bill of lading.
About Us
We are trustworthy, transparent and passionate about being a responsible lender that helps businesses to achieve their diverse goals.
Contact
College House, 2nd Floor
17 King Edwards Road
Ruislip London HA4 7AE
+44 2033938792
mallik.s@sanmaifinance.co.uk
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Sanmai Technologies and Marketing LTD t/a Sanmai Finance.
Please note that Sanmai Technologies and Marketing LTD t/a Sanmai Finance are a credit broker and are not a lender.
College House, 2nd Floor,17 King Edwards Road, Ruislip, London - HA4 7AE
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ICO: ZB102123
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Sanmai Technologies and Marketing LTD t/a Sanmai Finance work alongside a limited number of finance providers who may make payment to us if you enter into an agreement with them. Failure to maintain payments may result in the vehicle or asset being withdrawn.