Compare ^{Pre-Pack Administration Finance} For £700k Business Needs

Asset-based lending is suitable for companies with considerable physical or financial assets, such as machinery, inventory, or property. After assessing asset values, lenders secure the loan against these items, providing rapid liquidity for asset purchase or restructuring. This type of finance suits manufacturing, logistics, or retail businesses undergoing transition and requiring funds in as little as 1 to 2 weeks. Interest rates are typically between 6% and 15% APR.

Ideal for consultancies and professional service firms, invoice finance involves selling invoices to a lender for immediate funding—usually within a week. The lender advances a percentage of the invoice value, with monthly charges ranging from 1% to 3%. Suitable for firms with a solid debtor book, this finance type helps meet payroll or pay creditors while awaiting customer payments, supporting smoother operations through periods of financial pressure.

Turnaround financing helps stabilise businesses in distress with sound restructuring strategies and experienced management teams. Lenders carefully assess viability and provide tailored finance, with interest rates from 10% to 20% APR. This fund injection enables comprehensive restructuring or transformation, helping stabilise operations and improve prospects for recovery, particularly in sectors like retail, hospitality, and manufacturing. Decisions are usually made within 2 to 4 weeks.