Where to get finance for your new business?

At Vendor Finance we appreciate the challenges facing your fledgling business. Unfortunately, new businesses may have difficulty sourcing working capital for their new venture. The excitement and enthusiasm of your dream project coming to fruition is a very special time.  Do not let your optimism be marred by the daunting task of raising finance. At Vendor Finance we use the services of Ireland’s largest Peer to Peer (P2P) lender to access credit for new businesses.  Peer-to-peer (P2P) lending has been increasing in popularity in Ireland and around the globe for the past number of years and is an attractive alternative to mainstream lending. Loans can be structured from one to three years with full Capital and Interest payments.

What can be financed?

The loan should be to help you grow your business in some way; for example, to improve your working capital, for asset finance or some form of expansion capital:

• Assets which are outside finance companies credit policy because of age
• Loans for business growth such as financing new contract wins, staff expansion or new products
• Dealer stocking facilities to enable dealers to purchase more stock, take advantage of bulk purchases through auctions or UK based purchases

At Vendor Finance we appreciate how difficult it is to raise funds, particularly when  SMEs typically may not many assets yet and may be viewed as high risk  traditional channels. If you need to arrange finance facilities that are not secured by assets, simply pick up the phone and contact us at (hyperlink).

Our dedicated financial team are waiting to assist in growing your SME.

What we need to know?

• Tell us about your business and your plans for the future?
• Why are you safe to lend to?
• How will this loan make a difference to your business?

 What do you need to provide?

• Six months bank statements
• Management accounts
• Business Plan
• Credit report from ICB

A poor ICB history may be taken into consideration, once the reason can be genuinely explained and the customer’s current financial position will support the application. Customers can get a copy of their own Irish Credit Bureau report.

Unlike the main banks, Vendor Finance offer a bespoke service to our clients. We will endeavour to obtain the necessary financial information to turn the finance application around in a number of hours. We will keep you informed on every aspect of the credit process and place the application to the relevant funder for your financial situation. Once approved, one of our professional representatives will personally take you through the finance documents and enable you collect the asset in a prompt manner.

Call Vendor Finance today on 071 931 0137 to discuss your business funding requirements.