Typical
examples might include, Fish & Chips, Kebab Shop, Take-Away,
Pizza, Cafe, Dinner, Chinese, Pub, Newsagent, Curry House,
Indian or Italian Restaurant and Mini Supermarket or Convenience
Store.
Lending
to Leasehold or Freehold Shops
This
type of finance may be potentially up to 100% of the full
purchase price or 100% LTV (loan to value) even in today's
very tough lending market that has been credit crunched.
And in some cases the mortgage maybe interest only throughout
the term with an initial deferred period to allow the
business to grow before loan payments are due.
The
finance might be to purchase a business for sale, payoff
VAT debt or loans, buy-out a business partner, buy a second
business or to remove the lease and purchase the freehold.
Businesses
that are high street retail food businesses or local paper
shops are often a high cash turnover with high profit
margins. And opening very long hours including the weekend.
Though if a high street lender or well known bank were
approached in order to purchase or re mortgage very often
that answer will be NO! But now at last there is a potential
solution.
However
it must be remembered these are very profitable businesses
so there are lenders who will take on this type of finance.
Normally it would be a stepping stone approach aiming
after an initial lending period to transfer to a main
banking lender once there had been
a
period where good healthily trading accounts could be
demonstrated to the new lenders. This would also mean
the business then has true value and could be sold at
a potentially far higher price.
For
More Information:-
Contact
Us -
0800 781 0414
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