If your Company is facing difficulties it may be time to consider various finance and funding options in order to effectively move forwards.
It is important to take impartial advice and consider the pros and cons of various funding products prior to making a decision for your business.
Fortis have solid relationships in place with a number of industry leading finance providers who can assist with the ultimate funding requirements for your business.
Obtaining finance can be a difficult task for established businesses never mind start ups. Its not always a straight forward process with banks and high street lenders and a number of factors can greatly impact on having your application refused.
There are many reasons business loans may be refused or rejected. Here we look to highlight a number of reasons:
There are many other finance houses around other than the high street lenders and major banks.
Sometimes it may be easier to use an intermediary to take away the hassle of dealing with banks and their experience in knowing where to place your application and with what type of supporting documentation.
Please bear in mind that whilst banks can provide attractive interest rates it can sometimes take a lot longer to satisfy criteria to being able to obtain your business loan with greater applications declined. Whilst other specialist lenders can often turn around applications in a very speedy manner, they tend to have higher interest rates.
Fortis have access to numerous lenders in the marketplace who have different lending criteria. Our knowledge and experience of various lenders can take away the headache of having to source finance yourself. We can put your business in touch with multiple lenders or finance brokers who are sympathetic towards your position and enable a higher chance of obtaining an acceptance. As we have already said, it is important to take impartial advice and consider the full pros and cons of the various funding products on the market prior to making any decisions for your business.
Call us today and speak to a member of our team for a free and confidential conversation about various finance options for you and your business.