Lender Product : Business Credit Facility
Facility amount (min to max) £25,000 to £1,000,000
Interest rates Starting at 4.5%
Loan-to-value Borrow up to 75% of the Security Property’s value
Repayment Capital and Interest (serviced monthly)
Facility term Up to 30 years (subject to max age of 75 at the end of the term)
Rate type Variable rate
Loan purpose Business Purposes
Charges First, Second or Third charge registered on the Security Property
Business type Limited company
Minimum trading period 24 months
All associated individuals Personal guarantors and security providers must meet the following criteria:
● Age 25 to 75
● 3 years UK residence with permanent right to reside
● Owner of Security Property must have shareholding of 25% or more in the limited company
Business financials: Latest 2 years full financials, including a minimum of 1 years filed accounts
Management accounts required if the latest full year financial statements are older than 3 months - alternatively, an accountant's certificate can be completed
Business bank statements: 6 months business bank statements
ID and verification ID and proof of address (Electronic Identification Verification is required from the owner(s) of the Security Property, personal guarantee providers, and all other directors or shareholders with a shareholding of 25% or more in the business)
Security property details Mortgage statement (only required if mortgage not visible on credit search)
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The team at Sardison Capital have been helping business owners to raise finance for over 10 years. So if you're interested in learning more about your options, get in touch with the team today to see how we can help you.
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