Business loans, invoice finance, asset finance, vehicle finance… the list for business finance goes on and on. It can often seem like a minefield trying to navigate your way through the various financial options available on the market. So, how do you know what funding stream is right for your business?
We’ll explore each one in more detail, to arm you with the knowledge you need to make the right decision to achieve future growth and sustainability.
Business Loans
The traditional one of the pack – it’s as simple as it sounds. Business loans are a method of borrowing, specifically for commercial entities. Loans range from £5,000 to £2 million, with repayment terms varying from 3 months to 5 years.
1pm plc (LON:OPM), established in 2006 is an independent provider of finance facilities to the SME sector. The 1pm plc group offer a full range of business finance solutions to the UK market from asset finance, hire purchase, commercial loans through to invoice finance and factoring.