High street banks cannot fund all types of loans/leases. They only lend to the right client, that client will normally be classed as credit A, they can only lend on certain types of equipment and generally they look for companies with a solid track record and strong equity.
There are a lot of businesses that do not meet the banks criteria. We have access to lenders who will lend where the banks have said no.
finance exists for companies with adverse credit, new starts, phoenix, turnaround & specialist.
There are a variety of other loan providers & scheme including:
* micro finance loans
* loans as gap funding
* start up business finance
* loans if you have an adverse credit record
* specialists in finance for community and “green” schemes
* residential development
* agricultural lenders
* small to medium ticket leasing
* commercial mortgage specialists
* sales and lease back specialists
* computer and telecommunication lenders
* trade funders
* private banks
* turnaround finance
There are certain types of transport, equipment and machinery that only a specialist lender with finance.