It is a common misconception that new start businesses cannot obtain finance.
As long as you understand that new businesses have a higher failure rate than established businesses, and adjust the application accordingly, then there is no reason why funding will not be offered.
So, if you present a valid business plan, ensure the business has sufficient cash to cover early trading, and provide adequate security, then you can expect full support from the funder.
At Sterling, we are uniquely placed to assist the new start business. We can help draft the business plans and financial forecasts, provide ledger-based facilities to ease early cashflows, and advise on how to provide security.
For any new start business, the funder will need security in the form of either total asset cover (higher than average deposits), or personal guarantees.
Use our Online Enquiry Form on the right hand side of this page or Contact Us on 0800 0735353 and let our professional team find you a competitive UK Commercial Asset Finance Deal.
