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Many people are looking at starting a business and often need advice on funding the venture. Think Commercial can help both individuals and companies looking to start a business. We mainly deal with financing all types of freehold commercial property, also leasehold properties in certain circumstances. When starting a business the likelihood is that you will have no accounts and therefore no proof of income. We have specialised schemes that will finance the purchase of commercial properties on a self-declaration of income. This can be a lifeline to most people looking to purchase premises or investment properties when starting a new business. The more traditional lending institutions such as your bank will need to see business plans, accounts and proof of all income for people starting a business. It is unlikely in most circumstances unless you can provide the information required that the Bank will lend to people starting a new business.
Think Commercial will also look to fund starting a new business where there is adverse credit. If an individual or business has for instance defaults, CCJ’s, bankruptcy e.t.c we are still able to raise funding to purchase a property when starting a business. Again it is unlikely that your Bank will consider lending in these circumstances, a combination of starting a business and adverse credit will be outside their lending criteria.
If you are thinking of starting a business and are looking to fund the purchase of premises then call Think Commercial and we will be able to advise you on various specialised schemes aimed at people starting a business and who are unable to provide accounts or who may have a less than perfect credit history. |
