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Every business has a story.

Writer's picture: Belinda MiltonBelinda Milton

Imagine you have just received a big order from a reputable company. Before you do an excited jig, you realise that your current cash flow isn't enough to purchase all the necessary stock or equipment to complete your order.

So you quickly contact a loan lender and submit an online application, but the answer is NO, sorry, we can't help.

Now, where do you turn?

I love technology, but it is not always fit for every purpose. In this instance, an algorithm looked at your business income and expenses and decided that it didn’t think you could afford to repay the loan based on your current accounts and bank statements.

What it didn't know was your story. That's what we do. We write your story and then find the most suitable provider who will work with you because they understand your business as a whole.

They understand that you will receive payment 30, 60 or even 90 days after fulfilling that order, but you need to borrow money to fund it. So instead of looking at where your finances sit now, they know that you have money coming in, and they can decide based on that information.

Commercial lending is all about your story.

Where you have been, where you are now and where you are going.

✨Perhaps you made a loss one year because you invested in another company.

✨Perhaps Covid caused a blip in your finances, but here is a list of all the things you did to resolve the issue.

✨Perhaps you went through a divorce, and you needed to take money out the business to pay your partner.

✨Perhaps you bought additional stock because it was cheaper to buy in bulk and will increase your profits in the long run, but it has impacted your cash flow.

Most businesses have a story because most companies don’t run smoothly. We can present your story to a lender that looks at the whole picture and they can then decide based on your specific circumstances and not an algorithm.

So, what is your story?

Reservoir Finance is committed to educating SMEs and working alongside them to support accessing working capital solutions that help businesses thrive and grow. Send us a message if you would like to find out further information.


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The King Centre

Main Road

Barleythorpe

Oakham 

Rutland 

LE15 7WD

T. 01572729729

info@reservoirfinance.co.uk

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Belinda Milton t/a Reservoir Finance is authorised and regulated by the Financial Conduct Authority. Our Reference number is 742264. Reservoir Finance is an authorised credit broker and not a lender. We work with an unrestricted number of Lenders to find a potentially suitable arrangement for your consideration.

Our ICO registration number is Z7551839 and you can check this at www.ico.org.uk.

We will receive commission from lenders. Different lenders pay different amounts depending on different commission models. For transparency, we work with the following commission models: fixed fee, fixed rate of commission, percentage of the amount you borrow and rate for risk (this is based on the risk profile of the business). For certain lenders, we have influence over the interest rate, which can impact the amount you pay under the agreement. Further details of the commission model, calculation and amount will be disclosed to you throughout your customer journey.

Think carefully before securing debts against your home. Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.

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