Every business has different funding needs, so it’s natural to have questions about how commercial finance works. Below you’ll find clear, straightforward answers to the most common questions we receive about business loans, asset finance, invoice finance, commercial mortgages and all other types of funding.

If you can’t find what you’re looking for, feel free to contact us anytime.

What is commercial finance?

Commercial finance refers to a wide range of funding options available to businesses, including asset finance, invoice finance, business loans, commercial mortgages, and development funding. These products help companies manage cashflow, purchase equipment, invest in property, or support growth.

What types of commercial finance are available?

Popular types include:

• Asset Finance – for vehicles, machinery and equipment

• Invoice Finance – releasing cash from unpaid invoices

• Business Loans – secured and unsecured options

• Commercial Mortgages – to buy or refinance premises

• Bridging & Development Finance – for property projects

• Trade & Stock Finance – support for importing and purchasing stock

Each product is suited to specific funding needs.

How much can my business borrow?

This depends on turnover, credit history, assets, cashflow, and the type of finance. For example, invoice finance is based on the value of invoices, asset finance depends on equipment value, and commercial mortgages consider affordability and security.

How long does commercial finance take to get approved?

Approval times vary:

• Asset finance & invoice finance: 24–72 hours

• Business loans: Same day to 2 weeks

• Bridging loans: 1 - 6 Weeks

• Commercial mortgages & development finance: 6–12 weeks

More complex deals take longer due to legal checks and valuations.

Do I need good credit to get commercial finance?

A strong credit profile helps, but it’s not essential. Some lenders specialise in supporting businesses with limited trading history, weaker credit, or previous financial challenges. Decisions are based on the overall strength of the business, security, cashflow and industry.

What information do I need to apply for commercial finance?

Most lenders require:

• Basic business details

• Recent bank statements

• Financial accounts (if available)

• Proof of identity

• Details of the asset/property/project

• Cashflow forecasts (for some facilities)

  We’ll guide you through exactly what’s needed.

How long does my business need to have been trading?

Some products require 3–12 months of trading history, but others can help start-ups or newly incorporated businesses. Asset finance, vehicle finance and certain loan types are often available early on.

Can start-ups get commercial finance?

Yes. There are lenders who support new businesses, particularly for equipment purchases, vehicles, stock, or specific contracts. Strong business plans and proof of demand help strengthen applications.

Does commercial finance require security?

Some products are secured against assets or property (e.g., commercial mortgages, asset finance). Others, such as unsecured business loans and invoice finance, do not require traditional security but may assess affordability and trading performance.

Will applying for finance affect my credit score?

Most lenders perform soft checks initially, which don’t affect your credit file. Hard searches only occur later in the process and typically only once you’ve decided to proceed.

What can asset finance be used for?

Asset finance can fund vehicles, machinery, IT equipment, construction equipment, agricultural machinery, and more. It spreads the cost over time and helps preserve cashflow.

How does invoice finance work?

Invoice finance releases up to 80–90% of the value of unpaid invoices within 24 hours. When the customer pays, the remaining balance is released minus the lender’s fee. It helps with payroll, supplier costs and day-to-day trading.

What is a commercial mortgage?

A commercial mortgage helps businesses buy or refinance premises. It works similarly to a residential mortgage but is assessed on business performance or rental income, sector risk, loan-to-value, and affordability.

What is bridging finance?

Bridging loans provide fast, short-term funding for property purchases, renovations, auction buys or time-sensitive opportunities. Terms typically range from 3–18 months.

What is development finance?

Development finance is used for property construction, conversions or refurbishment projects. Funding is usually released in stages as the build progresses and repaid on sale or refinance.

What interest rates can I expect?

Rates vary based on product type, loan size, business performance and credit profile. Asset finance and secured lending often have lower rates, while unsecured lending is typically higher. We compare lenders to secure the best available terms.

What fees are involved in commercial finance?

Possible fees include arrangement fees, valuation fees (for property), legal fees, or service fees for invoice finance. We explain all fees upfront so there are no surprises.

Can I repay finance early?

Most lenders allow early repayment, though some may charge interest up to the end of the agreed term, or a small settlement fee. We help you choose lenders with flexible early repayment options.

Are repayments fixed or variable?

Repayments depend on the product. Asset finance and loans often have fixed monthly payments, while commercial mortgages can be fixed or variable depending on the lender and product chosen.

Can I finance used equipment or vehicles?

Yes — many lenders fund new or used vehicles, machinery and equipment. The age and condition of the asset may influence loan terms and rates.

Why should I use a commercial finance broker?

Brokers compare hundreds of lenders, negotiate better rates, and guide you through the process. This saves time, avoids declined applications, and helps secure funding that fits your cashflow and business goals.

Will I be tied to one lender?

No — we work with a wide panel of lenders to find the best match. You choose the option that works best for your business.

Do you work with all industries?

Yes. We support a wide range of UK industries, including construction, hospitality, transport, retail, manufacturing, professional services and more.

How do I get started?

Simply fill in our enquiry form or book a free consultation. One of our specialists will contact you to understand your needs and explore the best funding options.