Traditionally if you needed a business loan you would go and speak to your bank manager and he would make a decision based on various factors. These days the process of applying to your bank is a little more onerous, usually requiring a detailed application and business plan as well as some tangible security to back the loan. Even so approaching your bank still remains the first choice of many when they require this type of finance. Whilst it may often be the cheapest business loan option; what do you do if you do not meet their lending criteria and they reject your application?
This is when First Financial can help. We will review your requirements in the first instance to confirm that a business loan is indeed the most appropriate type of finance to meet your requirements and minimise cost. If it is, there are a cornucopia of options available in the current market many of which have sprung up as part of the rise of alternative finance over recent years.
There can be vast differences between the products on offer from different lenders, in terms of price, repayment term, security required, level of funding available etc. First Financial pride ourselves in keeping up to date with the fast moving business loan and alternative finance market. We can assist in making sure that you can secure the loan your business needs to flourish, at the right price and on the right terms.