MARK’S TOP TIP – “Try not to follow the herd”
Many Company Directors are holding off applying for finance until they know what is
going on with Brexit.
But if you can think ahead and act now before everyone else, you’ll benefit with a much
better deal, your interest rate might be cut by 20 to 50%
Right now the finance companies are not as busy as normal.
So this means a good broker can get you best preferential rates.
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With all the uncertainty over Brexit and our current political situation, you may be
concerned about having sufficient finance and whether to delay arranging finance until
you know what is going to happen.
It should be cheaper to borrow money now, when everyone else is dithering over their
funding needs.
Do you have funds available to take advantage of market conditions ahead of your competitors?
We currently have more lending lines available than ever before.
This is because the finance companies are giving their favourite brokers access to their best people to get the deal done.
Our clients are being offered special rates that are not available to businesses going direct or via the vast majority of general brokers ( My team are made up of Preferred or Champion Brokers ,which means our clients get better rates)
We are also leading the field in Debt Consolidation.
One client was paying out over £85k a month on multiple loans, including expensive short term finance.
We reduced the figure to a single £18k per month payment and made more funds available.
My area of expertise is in all types of book debt finance (business rescue and asset protection)- most of which are loans without Personal Guarantees or Limited Guarantees.

If you are thinking of taking a secured loan or doing a property development.
I hear a horror story about once a week, here is one.
Our specialist in secured finance and property development was approached to help a business get out of a finance agreement that they entered into themselves via an online ad. It promised the impossible, but it looked good.
We uncovered that the funder had taken charges over his residence, his buy to let property and also his workshop, without their knowledge, via an equitable charge.
We managed to agree a facility at half the price he was paying and release further funds to allow business development.
When the client’s Solicitor requested a redemption statement to complete the transaction, the client was advised that he needed to pay a fee to release the charges on his asset.
The contract said fees would be advised at the time of redemption and be at the discretion of the lender with no fixed amount!
The fee ended up being in excess of £15,000 to simply remove the charges.
On the day of revised completion, the charge for release fees were changed again to £19,500.
Where I differ from some is that with so many types of finance available, I know my limitations. I do not say I am an expert at every type of finance, but I do have someone on my team who is that expert. It has taken me years to be able do this, but when you love what you do, you meet good people along the way.
You are always welcome to call me on my mobile 07710 466166.
Let’s talk today.
Very best wishes,
Mark
Mark Smillie
0800 612 5364 or 07710 466166
PS
Do you have an existing Invoice Finance Facility? Then you are probably paying over the odds, you really should see this short video
https://ringrosebusinessfinance.co.uk/invoice-finance/