Business Loans are the most common form of long-term finance that Aston Mortgage & Finance can assist you to obtain in order to fund:

• Purchase or refinance of business premises
• Expansion of your business
• Purchase of an existing business
• Restructure of existing loans (to free-up working capital and/or security)
• Equipment needs
• Starting up a new business
• Construction of alternative/additional business premises
• Management buy-outs

Business Loans can be structured with various features including variable or fixed interest rates, interest only repayments, interest off-set, monthly principal and interest repayments or lump sum repayments to fit with the timing of your business cash flows.

The term of the facility is often determined by the type of security offered (up to 15 years for a commercial property, up to 30 years for a residential property).

Generally Banks will extend up to 80% of the value of a residential property and 65-70% for a commercial property. However, Aston Mortgage & Finance have assisted many clients in obtaining Bank funding well in excess of these ratios without paying any additional margin or mortgage insurance premium.

Other asset types can also be considered for security purposes such as cash, licenses, leases, franchises and business assets.

Loans secured against the value of licenses, leaseholds and/or business assets are considered specialised and will often require a specific loan structure and require monitoring of loan covenants on a regular basis. 

For large established businesses with strong cash flow, lenders will consider lending against the value of your business on a stand alone 'unsecured' basis. The Bank will then take a charge over your business to secure the 'cash-flow' which is to be used to repay the loan over a prescribed time. Provision of regular financial reports to the Bank will be essential to ensure covenants are being achieved.

Aston Mortgage & Finance are highly experienced in specialised and unsecured commercial lending. We work closely with the lenders who hold expertise in your industry and can negotiate the most favourable terms and conditions for your business.