Boost Your Business with a commercial mortgage uk loan - even with no accounts!

Long term commercial finance, in the form of a commercial mortgage loan, offers many small and medium sized business enterprises (SMEs) the ability to invest in their business with new technology, resources new or refurbished premises, or increased stock levels resulting in cash flow problems in the sort term.

In the past, it tended to be only larger organisations with a proven track record who could obtain commercial mortgages. Generally companies with a lot of assets.  A large number of younger or smaller businesses were previously unable to obtain this type of commercial finance and, as an unfortunate result, many businesses have been forced to rely on expensive short term finance or left to use their owners' residential property as security for debts and overdrafts.

Fortunately, this gap in the market is now being targeted heavily by specialist commercial lenders who are willing to completely serve the commercial mortgage loan needs of SMEs and owner managed small businesses.

The problem for borrowers

In the past, it has been difficult for small business borrowers, self-employed traders, and partnerships to raise commercial mortgage loan finance. This is because:

Institutional lenders have focused on larger, corporate lending secured on the tenant covenant of investment properties. This sector is seen as being low risk and so has become a favourite of many traditional lenders and banks.The lending criteria of many mainstream commercial lenders disqualify applicants who do not have three years' audited account, those without suitable business plans, or those with a less than great credit history. As the UK workforce migrates more towards more self-employment, greater flexibility is required from lenders to assess each case on its individual merits. Until recently, this flexibility has been hard or impossible to find. Similarly, in the past, the requirement for three years' accounts has been a barrier to new or young businesses who need cash the most.

The solution for borrowers

To address these problems, a number of commercial mortgage loan lenders now offer commercial mortgages with some or all of the following features:

Available to small owner managed limited companies, partnerships, and self-employed sole-traders

No accounts

Self-certification option - no need for three years' accounts

Finance available for any purpose - no bank imposed restrictions

Mortgage arrears, CCJs, IVAs, discharged bankruptcy all considered

Same day indicative offersCompletion in weeks, not months

Transparent mortgage tracking Bank Base Rate

Mortgage term of up to thirty years

Advances from £50,000 up to £1.5m