What’s different about our business loans?
At Acorn Business Finance, we understand how important cash flow is when it comes to keeping the wheels of your business turning, as well as how important a sensible financial boost can be when made at the right time.
We work on a holistic approach to business lending, working closely with you to establish the best solution for your business.
Business Loans are by far the largest area of our business and our clients benefit from the following:
- 1-to-1 personal service
- Decisions normally with in 48-72 hours
- We look at the long & short term picture of each business
- We provide bespoke finance solutions
- We have access to exclusive loan products
Some of the areas we fund…
Tax & VAT
When cash flow is tight, paying your Tax and VAT bills can be a struggle. A loan from Acorn Business Finance can help relieve you of this burden to ensure that HMRC is paid on time. Instead of entering into a full payment arrangement with HMRC, you’ll be spreading the cost of your liabilities, which frees up your money for other business needs.
At Acorn, we can help you fund:
• Income Tax – January and July
• Corporation Tax
• Capital Gains Tax
• PAYE & NI
• Quarterly VAT
Interest only funding
If your business is growing and you’re looking to take the next step, interest-only funding could be a good option. Interest-only loans are ideal for small and medium-sized businesses that don’t have substantial capital or large cash flow.
At Acorn, we’ve secured a bespoke, revolving 3-month facility that’s available exclusively to our clients. The funding is currently capped at a maximum lend amount of £250k and the facility can be revolved up to 3 times.
At the end of the fourth quarter, if you’re not quite ready to repay the capital, you have the option to repay it over a further 12 months (capital & interest). Here’s how you’ll benefit:
• Short term 3-month revolving interest-only loan
• This facility is available for specific requirements
• Quick to organise and easy to revolve
Coronavirus Business Interruption Loan Scheme
We are delighted to announce that one of our key funding partners has just been approved for CBILS (Coronavirus Business Interruption Loan Scheme) by The British Business Bank – as a result Acorn have been chosen as one of the approved distributors on their behalf.
Superb news for our clients and introducers due to the particularly slow service coming from the high street banks at present.
If you’re struggling to access CBILS funding through your bank, don’t have confidence that they will be able to deliver in time or simply don’t have the time to gather the information for your application, we can help.
• Max lend of £250,000.
• Much quicker process than the banks.
• We assist with preparing the cash flow forecasts & an extensive professional proposal write up.
• First 12 months interest free.
• No guarantees required.
Revolving Credit Facility
A revolving facility works in the same way as a traditional bank overdraft or interest only facility by providing you with pre-agreed credit. There’s no need to make any purchase to access the funding and you can transfer the money to other business accounts as required. Interest is charged on the amount drawn down, as per the number of days used.
This option provides you with complete flexibility. There are no early repayment or settlement fees and you can redraw as and when you need.
This facility works as a general cash flow safety net and covers requirements such as stock purchases; delayed invoice payments; business costs, such as VAT/Tax payments and urgent stock purchases.
• Max Term 12 months.
• Monthly Interest 3%.
• Sole traders and partnerships, min lend of £25,000.
• Ltd companies or LLPs, min lend of £10,000.
During periods of transition, it’s crucial to safeguard your cash flow to ensure your business continues to run smoothly. For many small and medium sized companies, a partner buyout can put a financial strain on the business. This often starts a long process that can have unintended consequences, negatively affect relationships and the wellbeing of a company.
However, when handled with care, partner buyouts can be made quickly and amicably. Whether you need finance to facilitate a share increase, or a full buyout, we’ll work with you to provide the best funding options for both parties.
Our considered approach can help preserve your professional relationships and safeguard the health of your business during the transition. We realise that no two partnership buyouts are the same, and so there’s no one-size-fits-all approach to financing. As such, we’ll take the time to evaluate your situation and provide a range of suitable options that will work for you.
• 12-60 month terms for partner buy outs
• Up to 20 year funding for partner buy in funding
• Able to utilise a multitude of funders to achieve higher advances if required
Money that’s owed to your business through late, or non-payments can be crippling.
Acorn offers business loans that are designed to help you keep the wheels turning in the meantime. Our loans enable you to cover your overheads and free up the time you need to secure new business until payments are made.
It’s important to note that a debtors’ loan isn’t the same as Invoice Discounting or factoring. Rather, it’s a straightforward commercial loan to the business for the purpose of debtors. There are no charges imposed by the lender over outstanding invoices.
We usually find that this product is much better suited to our clients who have debtors outstanding for longer periods than would be suitable for Invoice Discounting. It is also a more flexible, cost effective finance option.
• 3 to 36 – month term
• Quick acceptances
• No charge imposed by lender over outstanding invoices
• Not to be confused with invoice discounting or factoring
Recruitment & Staff Funding
Your business can flourish with the right people on board, but finding them can be costly. As a small, growing business ourselves, we understand the cost of recruitment. From agency fees and training, to ongoing salaries and PAYE, hiring can be expensive.
Recruitment funding is ideal for small and medium businesses that want to reduce their overheads and use their time to manage the day-to-day running of the business.
At Acorn, we offer business loans to cover the costs of your recruitment, giving you the capital you need for working with specialist agencies or headhunters. Our loans can help you find the perfect people for the job at hand.
We can provide you with the support you need to invest in your workforce and confidently grow your business, without putting too much strain on day-to-day cash flow.
• 12-36 month facilities
• Revolving facilities via a number of lenders
• 24-48 hour acceptances
• E-sign docs and same day pay out
Sometimes businesses need a helping hand when it comes to covering day-to-day running costs. A working capital loan can keep your business moving forward, helping you cover everything from accounts payable, to office rent and salaries.
The loan is repaid over a short to medium-term, which allows your business to grow without taking on a long-term debt commitment.
At Acorn, we offer working capital loans that provide you with the funds you need to keep on track. The benefits of our working capital loans include:
• Straightforward and easy to arrange
• Takes your time out of the equation
• Revolving facilities if required
• Maximum 60-month term
For your company to reach its full potential, you need to invest in areas that will boost its development. As a small or medium business, you need simple, straightforward financing options that will help you take the next step in your growth.
At Acorn, we offer a range of loan products that cover a broad spectrum of business development needs, such as.
• Marketing and advertising
• R & D
• Employee Training
• Stock Purchases
• New Product Launches
• New Website or App Development
• New Division
• Cyber Security
• CRM Development
• And more
Refurbishments and Fit-Outs
Looking the part is a key to any organisation’s success, yet workplace refurbishments and fit outs can come with a hefty price tag attached.
We offer business loans specifically tailored to cover the cost of cosmetic work, giving you the capital you need to ensure that creating the ideal workspace needn’t be at the detriment of your business.
• Spread over 12 -60 months
• Intangible costs covered
• 1-to-1 personal service
• Quick acceptances
If you’re looking to acquire another business in your sector, unsecured acquisition funding gives you the headroom for a smooth transition period.
These facilities range from £50k to £5M and can be spread over a period of up to 5 years. Some deals may only require an initial lump sum, with the remainder of the cost paid by the business being acquired, over a period of time.
Other deals may require the full amount up front, which we can facilitate by using multiple credit lines.
At Acorn Business Finance, our unsecured acquisition funding options are simple and straightforward. We don’t need to carry out valuations, which speeds up the process and provides you with the funding you need to acquire another business quickly.
• Max 60-month term
• Facilities ranging from £50k to £5m
• Bespoke facilities with and without debentures
• Staged pay outs
• Strong panel of lenders to assist clients looking at multiple acquisitions.
Professional Indemnity Insurance
With the insurance market hardening in recent times, firms are finding it much more costly and far more complicated to organise the PII they need to continue trading.
While it has certainly become more difficult to access in recent months, PII is not impossible to organise, and by working with a reputable insurance broker you will be able to give yourself the best possible chance of achieving the right terms.
Many insurance brokers offer a funding option, Acorn have access to multiple funding options and are often more competitive.
• 1-to-1 personal service
• Quick acceptances
• E-sign docs
• Pay-outs within 5-7 days
Coming so soon after the PII renewal deadline, practising certificates can be an unwelcome expense and means forward planning must be taken to ensure they’re covered.
We can help fund this necessary cost and spread it over a 6-12 month period freeing up your cash-flow for use on other business needs.
The facility can also be revolved, meaning it will sit in place should you require it again in the future.
We can even consolidate Professional Indemnity Insurance and Practising Certificates into one loan, freeing up your time to concentrate on running your firm.
• Decisions within 48-72 hours
• E-sign docs
• 6-12 month term
• Pay-outs within 5-7 days