Business Start-up Loan

If you’re thinking of starting up a small business and a loan is required to help pay for premises, equipment or to buy into an existing business, one of the best options available is a commercial mortgage. With interest rates at their lowest for almost forty years and a competitive market offering great value products the More Group can help you find the right deal. The More Group is an independent mortgage company, so we can use our panel of mortgage providers to tailor a mortgage to your specific needs.

The advantages of a commercial mortgage

A commercial mortgage is a great way to fund a small business because the rate of interest charged will be lower than that of a comparable business loan. Commercial mortgages are typically three to four percent cheaper than a business loan. That can make a big difference for a start-up business looking to establish itself. Not only can a commercial loan be used to save money, it can also be a cost-effective way of raising finance.

What can I use a commercial mortgage for?

A commercial mortgage can be used for a wide range of business related finance. It can be used to buy existing business premises, such as a restaurant or office. It can be used to fund business growth and it can be used to restructure large business expenses into an affordable single repayment.

Funding a business start-up loan

You fund a commercial mortgage the same as any other loan. You borrow a sum of money and repay it over an agreed period of time. The terms and conditions of the loan will vary depending on the type of mortgage you take. See Commercial loans explained for full details of how to fund a commercial mortgage.

What if I already have a start-up business loan ?

If you’ve already taken out a business loan it isn’t too late to switch to a better deal commercial mortgage. The terms of a loan normally allow you to repay the loan in full at anytime. There may be charge to do so, often an administration fee, or one months interest should you do so. But its worth considering, if over a longer term the amount you pay each month is significantly reduced. The More Group can advise you on the best way to deal with this and can offer you a commercial mortgage suited to your needs.