September was seen to be a month of legends, 10k runs and new funders.
Historically September is a month when we put behind us the summer holidays and the financial sector begins it upturn towards the Christmas period. As a result at All Star this trend continued with the key funding requests being unsecured loans, closely followed by Invoice Finance (Factoring and Invoice Discounting).
Wigan 10k – 3rd September
Firstly our MD Neil Lukins completed the Wigan 10k on the 3rd September in a time of 54 minutes. This Wigan 10k was completed to raise awareness of Edwards syndrome – see previous blog. If anyone individual or business would like to donate please follow the link below. https://www.gofundme.com/2017-wigan-10k-love-for-lexi-mae
Legend Sir AP Mc Coy – 15th September
All Star Funding was privileged to have been invited to attend an evening with Sir AP Mc Coy on the 15th September. This was a great night at Haydock Park racecourse and we even managed to meet Sir Anthony Mc Coy himself.
In summary Golf was a key feature for All Star in September with rounds played against Ultimate Finance, Bluefin Insurance and Nucleus Commercial Finance. In this case a great time was had by all parties and a great opportunity for All Star to find out more about the various options available to help our Clients.
As a Commercial Finance broker we are always looking to improve our panel of lenders so that we are able to provide our Clients with a better selection of options to meet their funding requirements. In September we have had the privilege of meeting up with many new and old lenders. Please see below some funding options which our panel of lenders can assist with:
We are currently working with a great lender who is able to provide unsecured loans from £25,000to £150,000. They do have a requirement in that the business is profitable and has been trading for 3 years or more. If you meet these criteria then they can have a decision to you the same day and funds to you within 24 hours.
As a rule this is historically a difficult sector to fund however our new lender is able to provide funding from £100k up to £50mil. The criteria are that the business needs to have a turnover of £1mil and have been trading profitably for over one year.
Furthermore we are working with a number of lenders who are able to provide Trade Finance. This type of facility can enable a business to purchase stock without the need to utilise existing working capital. The facilities can be used as and when required and are a great way for a business to manage cash flow.
We are currently working closely with a new lender who is able to provide finance against Stock. This type of facility is great for businesses who have plenty of cash tied up in stock. If a business is able to free up the cash tied up in stock this can them be utilised elsewhere within the business. This type of facility is great when funds are required to bridge a gap in cash flow as this lender will consider most items of stock.
Generally the choice at the moment for Asset Finance is vast at present. We have been adding new asset finance lenders to our panel and have recently added a second / third tier lender who will consider funding most assets up to a five year period. This lender specialises in refinancing assets. If you are currently overpaying for your asset finance then refinancing could help a business’s cash flow. If you’ve read the funding options above and thinking ‘this is right up my street’ then get in touch.
Please contact us on the following details if you require any assistance on the above products. www.allstarfunding.co.uk
Office Tel 0161 8211478 Mobile 07771 430 740
Finally please find below our specialist areas:
- Asset Based Lending
- Business Loans
- Cashflow Finance
- Invoice Discounting
- Stock Finance
- Spot Factoring
- Credit Insurance
- Trade Finance
- Credit Insurance