Growing your

Business

 with the right type of finance 

Business, Property and Equipment Finance

COVID-19: We are still open and here to help

We would like to assure all our old, existing and new clients that we are very much here to help you navigate these very difficult times.

Every business has been affected by the Corona virus pandemic and will continue to be for some time, but there is help in various forms to help mitigate these unprecedented difficulties. In the last few weeks, we have been bombarded with information from The Bank of England, the Government and many banks and lenders all trying to explain what is on offer and how they interpret the changes and how it will filter down to you.

This may be in the form of Grants, the Corona Business Interruption Loan Scheme (CBILS) or the Furlough work scheme, but all of these are new and still to hit the ground properly and as they do, will need to be ironed out.

What we can say is that money is still being lent to good businesses that were well run before the lock down and a sympathetic approach is being taken in many cases to businesses that find themselves in trouble through no fault of their own.

Also, development and bridging finance for property is still going ahead despite logistic problems for valuations and conveyancing as procedural restrictions are loosened. However, loan to value (LTV) rates have dropped in some cases so higher deposits may be needed.

We have been working hard to mitigate the impact of client’s financial commitments to lenders and reduce their monthly outgoings to soften the blow of revenue collapse. In some cases, we can structure new finance or increased facilities to weather cash flow gaps, but up to date financial and contractual data is key to this. Therefore, if you can show what your previous, present and future situation is likely to be and have evidence to back this up, then you have a better chance of success.

Not all lenders are taking on new business as they are short staffed and trying to deal with existing customers. This is particularly the case with High Street banks (due to their large number of customers) but there are options where new funding is approved, however this is influenced by many different factors such as what sector your business is and how long you have been established. It is important to remember that each application is individual, so the more prepared you are when speaking to a lender the better.

NEXT STEPS – before you do anything it would be good to –

  1. Find out exactly ALL business finance you already have including the original amount, monthly payments, current balance and time left on the loan and any new payment arrangement you have with them already so you can present this to your bank or other lender.

  2. Contact ALL your existing, past and potential customers NOW and see if there is any possibility of doing business even at lower levels or in the future. You may be surprised what you hear as people are looking at new creative opportunities to trade. Remember any income is better than no income!

  3. Speak to your own business bank first. They may be able to offer you a new or increased overdraft or other loan facility at very favourable terms.

As a truly independent FCA and NACFB brokerage, we can help you approach lenders for new finance or help with a re-structure if required and we will be posting more links and information as it emerges but in the meantime feel free to contact us for a chat and we will do our utmost to help you.

HM Government Business Support

Bank of England

Access to the right kind of finance when you need it, enables businesses like yours to grow and create jobs.

Running a business can be challenging. That's why it is useful to have access to an experienced finance professional you can count on for guidance and help. 

Whether you're taking advantage of a new business opportunity or simply planning to cover day to day expenses, we can help you put together a tailored finance package with an amount and term that suits your business.

Your job is to grow your business...

Our job is to make sure you have the right finance.

While every business we work with is unique, our approach is always the same and that is to provide an individually tailored financial solution that meets your requirement and goals whilst building a long term relationship.

We want to become your partner of choice to provide advice and assistance in making the right choice of finance for your business.

Explore your finance options

Get inspired to grow your business

Funding Property finance for both Investors and Owner-Occupiers

Comprehensive range of Cash Flow solutions to help you achieve your growth goals

Comprehensive range of Cash Flow solutions to help you achieve your growth goals

Equity Investment is a way to finance many different stages of the business journey

We work with Specialist in all areas of business finance

How working with an experienced finance broker can help your business.......

Expert guidance
You will receive expert guidance about making a financial commitment that makes the process of choosing a funding solution much easier and less time-consuming.

100+ Lenders
With an extensive network of over 100 lenders, you can be ensured that we can help with almost any circumstances.


Whole of market
We offer impartial advice and guarantee that you receive quotes from the whole of market. With no ties to any particular lenders, we are free to present you with the deal that best suits your needs.

Specialist Lenders
We work with specialist lenders who know their sectors inside out to deliver enhanced value to you the customer.

Funding Options
You will learn about the increasing diversity of funding options available to you at every stage of your business journey. 


Education
Our aim is for you to become better informed so that lack of finance won't be the reason you miss an opportunity to grow your business

Where to go when your bank says NO!!

“When we approached Reservoir Finance they asked us what we wanted to achieve, offered several alternatives, explained all the options and swiftly got the process moving.


They presented our applications to the lender with minimum fuss and Red Tape and even negotiated a lower rate on our behalf. We were kept fully up to date at each stage until the money was in the bank. This only took a few days and this allowed us to stay focused on our day-to-day business at no cost to us.
 
We would recommend them to anyone who wants commercial finance.”

 

Mark Tilson, Barefoot Flooring

 

WHAT PEOPLE SAY

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QUICK LINKS

SPECIALIST SERVICES

The King Centre

Main Road

Barleythorpe

Oakham 

Rutland 

LE15 7WD

T. 01572729729

info@reservoirfinance.co.uk

Belinda Milton t/a Reservoir Finance. Authorised and regulated by the Financial Conduct Authority. Reference number 742264. We are a licensed credit broker and do not provide loans ourselves. Reservoir Finance introduce applicants to finance providers and specialist brokers based on the applicants circumstances. Reservoir Finance may receive a commission from the lender or broker for such introductions.