Commercial Loans
Your bank may offer 100’s of products and plans.
Promise Money has over 10,000
About Small Business & Commercial Loans
When it comes to commercial and business finance there is no standard template and no magic formula. Every application is different and the key is to make sure we understand what you want to achieve.
Promise is a nationwide specialist providing business loans
When it comes to commercial and business finance there is no standard template and no magic formula. Every application is different and the key is to make sure we understand what you want to achieve.
Typically our clients fall into two camps:
- Those who are looking for a better rate or their current bank simply doesn’t want their business any longer.
- Those who the banks have turned away but they still have a good project which needs funding.
In five minutes we can get a good picture of what you are trying to achieve and either offer a solution ourselves or point you in the right direction. This is specialist stuff which shouldn’t be rushed so we will give you a specialist to talk to and find the right solution for you. Call Promise today.
Below is an idea of some of the things we can consider:
- Business Loans
- Business Finance
- Non Status
- Business Types
- Asset Finance
- Cash Flow Finance
- Commercial Mortgages
- Self certification commercial mortgages
- Commercial remortgages
- Buy to let mortgages
- Bridging loans for commercial mortgages
- Business Mortgages
- Property Development
- Bridging Loans
- Bars
- Bed & Breakfast
- Factory Units
- Farms
- Golf Courses
- Hotels
- Leisure Centres
- Night Clubs
- Nursing Homes
- Offices
- Public Houses
- Restaurants
- Shops
Remember – you are much more likely to be offered favourable terms for secured loans on property.
Other pages you might be interested in
Additional Information
Commercial Loan Specialists
More
Promise Money is a broker not a lender. Therefore we offer lenders representing the whole of market for mortgages, secured loans, bridging finance, commercial mortgages and development finance. These loans are secured on property and subject to the borrowers status. We may receive commissions that will vary depending on the lender, product, or other permissable factors. The nature of any commission will be confirmed to you before you proceed.
More than 50% of borrowers receive offers better than our representative examples
The %APR rate you will be offered is dependent on your personal circumstances.
Mortgages and Remortgages
Representative example
Borrow £270,000 over 300 months at 7.1% APRC representative at a fixed rate of 4.79% for 60 months at £1,539.39 per month and thereafter 240 instalments of £2050.55 at 8.49% or the lender’s current variable rate at the time. The total charge for credit is £317,807.66 which includes £2,500 advice / processing fees and £125 application fee. Total repayable £587,807.66
Secured / Second Charge Loans
Representative example
Borrow £62,000 over 180 months at 9.9% APRC representative at a fixed rate of 7.85% for 60 months at £622.09 per month and thereafter 120 instalments of £667.54 at 9.49% or the lender’s current variable rate at the time. The total charge for credit is £55,730.20 which includes £2,660 advice / processing fees and £125 application fee. Total repayable £117,730.20
Unsecured Loans
Representative example
Annual Interest Rate (fixed) is 49.7% p.a. with a Representative 49.7% APR, based on borrowing £5,000 and repaying this over 36 monthly repayments. Monthly repayment is £243.57 with a total amount repayable of £8,768.52 which includes the total interest repayable of £3,768.52.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME
REPAYING YOUR DEBTS OVER A LONGER PERIOD CAN REDUCE YOUR PAYMENTS BUT COULD INCREASE THE TOTAL INTEREST YOU PAY. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
Promise Money is a trading style of Promise Solutions Ltd – Company number 04822774Promise Solutions, Fullard House, Neachells Lane, Wolverhampton, WV11 3QG
Authorised and regulated by the Financial Conduct Authority – Number 681423The Financial Conduct Authority does not regulate some forms of commercial / buy-to-let mortgages
Website www.promisemoney.co.uk