DIY Funding

DIY Funding is pleased to announce their new and exclusive online service that will help small businesses in the UK get the finance they need when they need it. The new service means businesses will now be able to get tailor-made financial solutions without the cost of going through a broker.

Surrey, United Kingdom (IPRWIRE) Thurs. Oct. 16th, 2008 — DIY Funding (www.diyfunding.co.uk) is launching a brand new online commercial funding service. Using their 20 plus years of experience and expertise DIY Funding will provide small businesses with all the inside information they need in order to make an effective and successful finance application to a lender. Many businesses find themselves in difficulty after their own bank has declined their funding application. DIY Funding have developed and can now provide online, a bespoke Funding Pack that is tailor-made to specifically meet the individual needs of any small business that applies. The Funding Pack will enable any business or sole trader looking for finance to make an application to a lender that is comprehensive, properly researched and well presented. This in turn means the lender can make a fully informed decision and so avoids the frustration of unnecessary delays caused by requests for additional information. This results in a finance application having a much better chance of success.

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Small businesses form an important part of the UK economy, and indeed, of nearly every economy in any country around the world. Both self employed and small and medium sized business owners provide huge economic diversity and stability in the UK. It would not be over-stating the point to say that small and medium sized businesses are absolutely vital to the well being of the UK economy both now and in the future.

Many loans to small businesses are secured either by assets owned by the business itself or else by the owner of the business. When applying for small business loans many of the specifics will depend on the applicant’s ability to repay the loan, their credit history and also the viability of the business.

It is advantageous for the potential borrower to compare different lenders to see what options are available as it is sometimes possible to negotiate better terms. Also bear in mind that other factors will come into play such as the credit history or overall credit worthiness of the applicant. In additon any lenders will want to analyse trading accounts and any other financial information in support of the application. It is also worth bearing in mind that a poor credit history is not necessarily a barrier to obtaining finance at favorable terms.

These types of business loans are often necessary to meet the specific needs of the business. For example, when experiencing cash flow problems, or other short term needs of the business. At other times, business loans provide much needed capital to help with expansion plans and to assist with company growth.

The problem is that small business owners are very often pressed for time and shopping for the best loan and making contact with the most appropriate lender can be a time consuming and very often frustrating process. What often happens is that small businesses simply settle for less than favorable terms because they just don’t have the time to “shop around” However obtaining small business loans need not be time consuming or frustrating.

Importantly, small business loans can mean the difference between success and failure as far as the business is concerned and therefore, properly structured small business funding can make all the difference to the business and its capitalization and other funding needs.

Small business loans need not be “one size fits all” solutions, which can tend to be only partially successful in alleviating the financial pressures of the business. However, specialized brokers with long and extensive relationships with a variety of lenders are able to find the right lender with the right product that can offer businesses the best and most appropriate solution.

Any loan for a small business starts with the application. The application to the lender needs to be comprehensive, properly researched and provide full details about the business. This enables the lender to make a fully informed decision without delay and without the need to request additional information. Whilst many specialist brokers are able to do this, DIY Funding can do it at a fraction of the cost.

When applying online (www.diyfunding.co.uk) for a loan for a small business, DIY Funding provides the borrower with the DIY Funding Pack. This is a comprehensive pack of information which gives an inside track when applying for a business loan. Not only does the pack provide detailed help and guidelines on how to make an effective finance application, but it also puts the borrower in direct contact with key decision makers at many of the UK’s major lending institutions who specialise in the business finance sector.

The DIY Funding Pack which is a new and exclusive product, costs a fraction of the 1% charged by traditional brokers, saving the borrower many thousands of pounds. It also puts the small business owner in direct contact with the lender most likely to do their deal.

The success or failure of any business revolves around both things that can be controlled and planned for by the business owners themselves and also by other things which are outside the control of the business owner. Market conditions are dependent on factors beyond any business owners’ ability to control. Having said that, optimised marketing campaigns and strategic planning can yield positive results and go a long way to helping any business even when market conditions are less favourable.

Business finance is one aspect of running a business that is within the control of the business owner, however it does require attention and the financial position of the business must be structured correctly to ensure that the business remains on a sound footing and responsive to the demanding conditions of an ever changing marketplace.

Day to day operations, marketing campaigns, staffing, maintaining levels of service and many other areas are all highly dependent upon the ability of the business to have funds available as and when they are needed. Business finance is perhaps the single most important element that is within the control of the business owner, yet is often neglected in favor of putting resources and energy into other aspects of the operation of the business.

Of particular note for many businesses is the issue of maintaining consistent cash flow, often regarded as one of the biggest challenges faced by small and medium sized businesses today. Well structured funding will help any business during times when the cash flow is under pressure.

Correctly structuring a business loan is just one step of the process. A good finance package will take into account funding needed in the following areas:

·    Leasing
·    Business loans
·    Cash flow finance
·    Commercial mortgages
·    Asset finance
·    Overdrafts
·    Factoring

This list is meant to illustrate some of the advantages of obtaining a business finance package from your lender.

An experienced and qualified broker can be of invaluable help when trying to determine your business finance needs. Many brokers have the expertise and experience to deal with banks and other lending institutions at a level not necessarily available to business owners. When seeking out the help of a broker, find one that has several years experience in the industry, extensive contacts with all the major UK lenders, a proven track record of success and enough understanding to tackle unusual or unique loan requirements for a variety of different kinds of business.

Correctly structured business funding is vital to the viability of any business and helps secure the business’s future by providing a stable platform for growth and an effective mechanism for coping with unexpected change, particularly change brought about by external factors beyond your control.

As one of the premier brokers in the UK, DIY Funding (www.diyfunding.co.uk) is highly effective and ready to go to work on behalf of their business clients to obtain the best rates and loan package that is tailored to the specific needs of that business. They can do this by providing the DIY Funding Pack which provides an inside track on how and where to get the best finance for your business. The pack also provides direct access to key decision makers at many of the UK’s top lending institutions - people who can get your deal done. Featuring a zero-percent brokerage fee – unlike the 1% fees usually charged by other brokers – DIY Funding only make a small charge for the pack and so are cost effective to the point of being able to save their clients thousands of pounds when compared to traditional brokers.

Business loans are good options for a business to consider when preparing for expansion, securing raw materials or inventory stocks during times of market growth, easing the burden of cash flow, preparing for a new phase in your business involving restructuring or new acquisitions, or to simply ride out periods of inactivity and slow downs due to factors beyond your control.

All businesses in general, but small businesses in particular need large amounts of time and substantial investment in manpower and resources to operate efficiently and to provide the services or products that that business produces. Unfortunately, this leaves little time for strategic planning when it comes to business finance.

Business loans should be considered an important part of the overall funding arrangements for any small business. However, it is time consuming and often frustrating for most business owners to shop around for the financing needed to capitalize their business. Finding expert help may be the solution and an experienced loan broker can help in many ways.

Each business enterprise, of whatever size, can benefit enormously from having the right business loans in place. They can sit along side existing funding arrangements such as commercial mortgages, overdrafts, leasing, asset finance or factoring.

Business loans, when correctly structured, can mean the difference between success and failure as far as a business is concerned. Such funding can supply the business with much needed capital for day-to-day operations, controlled expansion, handling cash flow issues or for dealing with other financial requirements of the business.

Although the world of loans can at first appear daunting, help is readily available to sort through the huge number of deals and assimilate only the most salient ones for your business purposes. It is important to utilise the help of a qualified broker such as DIY Funding. They are one of the UK’s premier brokerage houses with over 20 years experience, and through their exclusive DIY Funding Pack they can provide you the inside track on how to obtain a funding solution specific to your precise requirements.

The funding pack they send you is crucial to the success of your application. Based on their knowledge of your funding requirements they provide you with everything you will need to make a full and detailed application to a lender. Getting finance is very often about presentation. And when you make a presentation to a lender, incomplete details or missing information will lead to inevitable delays and could adversely effect your chances of success.

However DIY Funding does more than just help you with your presentation to a lender. Over the years they have built trusted relationships with the key decision makers at many of the UK’s leading banks and lending institutions. These contacts become available to you when you receive your DIY Funding Pack and because they are selected and compiled to suit the specific needs of a client that means you are immediately able to make contact with a lender who is able to consider your finance requirements.

This is essential to your funding application being successful. “One size does not fit all” and so having the right lending contacts and also the inside track on who will do your deal means the best possible chance of success when applying for a loan for your business.

The DIY Funding Pack is exclusively available online at www.diyfunding.co.uk The good news is that unlike normal brokers who will charge a 1% brokerage fee, using DIY Funding means there is no brokerage fee and the only cost is the small charge for the pack itself.

New and existing business owners usually need to consider various options at some point regarding commercial finance – how it works, when to apply for it, where to get the best rates and many other details must be worked out in advance to ensure timely and reasonable funding when needed the most. Funding options for commercial enterprises are, unlike their residential counterparts, much more varied and usually require the help of a specialist broker in order to save a great deal of time and money on the part of the borrower.

An ideal scenario when looking into commercial finance for your business is to utilize the services of a good broker to analyze your requirements, confirm what’s needed and eliminate unnecessary items. They can then match you to the most appropriate lenders who can best help you obtain the financing you need. Used in this fashion, brokers can help immensely in the pre-funding and application process. The broker can help you put together the appraisal you need, to have the best possible chance of success with the lender you approach. The broker can also eliminate the possibility of pursuing unfruitful approaches to unresponsive or irrelevant lenders.

Commercial finance options often include the ability to bring other types of financial arrangement into the overall deal. Commercial mortgages, business loans, overdrafts, leasing, factoring, cash flow finance and stock finance can all be taken into consideration when putting together an overall finance package for your business.

Unlike other types of finance, the structure and terms of commercial finance loans can vary considerably. Shorter term loans of just a few months duration to longer ones of 15-25 years or more are possible. Variable interest rates, a fixed or seasonal repayment program, a moratorium on payments, interest only. All these factors and more will play an important role in the future success and profitability of your business and should be considered carefully. Your commercial broker should be able to give you solid advice in this area.

One of the most noticeable advantages in working with a qualified broker is that there is a saving of both cost and time. A good broker can save you time by knowing which lender to approach for the best loan at the best rates. Of course, good rates mean money saved on the loan itself. These advantages, together with the broker’s experience in intimately knowing each lender’s particular area of excellence, means that employing a broker can be a very efficient and cost-effective way of approaching your commercial loan requirements.

When looking for a qualified broker to help you with your funding process, consider those who have been in business for a good length of time and have established good working relationships with a variety of lenders. Brokers give lenders lots of business and particularly savvy brokers with good relationships with their lenders can help you get the funding you need in record time.

Overall, correctly structured commercial funding will be advantageous to any business owner and working closely with a trusted broker can provide that extra edge required to get the best deal at the lowest rate and with the most favorable terms for the business owner.

Please see www.diyfunding.co.uk for more information on using DIY Funding to help you the next time your business needs finance. With over 20 years of experience and expertise, together with the DIY Funding Pack that provides direct access to all the UK’s top commercial lenders they can give you the competitive edge when it comes to getting the best finance deal for your business.

When in the process of financing a commercial or residential property, it is often the case that cash flow becomes restricted due to unforeseen delays in processing the main funding. Bridging loans can be considered as an option to ensure that you are able to proceed with the deal. The delay of a pending property sale or other circumstances centered around time-critical elements of your proposal may make it necessary to apply for an interim bridging loan to ease the burden of waiting for funds to be released from another source be it long term funding or the sale of another property.

Bridging loans are either closed or open-ended. Closed bridging loans have very clear exit strategies that depend, for example on the successful sale of another property. Therefore a clear exit strategy might involve an exchange of contracts, with a known completion date for the sale of a particular property. Alternatively, an offer for long-term funding that allows for the bridging arrangement to be paid off is also a clear exit strategy.

Open-ended bridging loans, because they lack a clearly defined exit strategy, are seen as a higher risk by the lender and are treated accordingly. In both closed and open-ended bridging arrangements, timing plays an important role for the borrower and very often is one of the most critical factors, if not the most critical factor when arranging this type of financing.

Bridging arrangements can be made to fulfill a great many useful roles when considered as part of a borrowers overall financial requirements. A quickly arranged and implemented bridging loan can have a crucial role to play when buying or selling properties, during the negotiation process for restructuring existing finances, to meet the deposit requirements of properties sold at auction and so on.

Most borrowers do not have time to “shop around” when considering this type of finance. Timing and other pressures may influence a borrowers ability to make clear decisions right at the time when he or she should be most focused on the details in order to get the best deal - and this is where someone like DIY Funding can help. That being said, borrowers should expect this type of loan to be more expensive than more traditional forms of financing and loans of this type are generally set at an interest rate of between 1% - 1.5% per month. However, because time is of the essence and because bridging lenders can move quickly they do tend to charge a higher premium for this type of loan.

Well experienced in the intricacies of bridging finance, DIY Funding have over 20 years of experience and expertise in arranging this type of finance for individuals, partnerships, businesses and companies. They draw on their relationship with all the major UK lenders who specialise in these types of loans and through the DIY Funding Pack provided enable the borrower to work directly with those lenders that most closely match with the borrower’s specific needs and requirements. Direct access to key decision makers within these specialist lenders is crucial so that time is not wasted in trying to locate the right person to speak to.

When time is critical, an effective introduction by a broker to the right lender is crucial. This is where DIY Funding comes in. DIY Funding’s services are quality oriented, borrower specific and inexpensive. The DIY Funding Pack is tailored to suit the specific need of the borrower. In addition, DIY Funding has a zero-percent brokerage fee – unlike the high costs associated with many other brokers who charge a 1% fee based on the overall loan.

This means that the only thing the client pays for is the comprehensive DIY Funding Pack so they can commence the loan application process with the lender. DIY Funding can provide the expertise, the experience and the contacts to fund a borrowers needs quickly. Visit www.diyfunding.co.uk today for more details and see how they can help finance your next project whether you need interim funds, a long term mortgage or any of a variety of other financial arrangements.