Commercial Loans

Commercial and Business Loans

Finding the right finance for your commercial investment or business can be challenging, time-consuming and often confusing. The process can feel complex, with multiple requirements and conditions to navigate.

At PM Brokerage, we provide access to a wide range of commercial and business loan solutions from leading lenders across the market, helping you secure the most suitable option for your needs.

Starting Up or Expanding Your Business?

If you’re considering a commercial or business loan, it’s important to ask yourself a few key questions:

  • Have you carried out thorough and detailed research?
  • Do you have a clear understanding of your competitors?
  • Have you reviewed your business performance history?
  • Have you assessed your financial position and personal liabilities?
  • Can you offer assets as security for the loan?
  • Will the loan be used to purchase physical assets such as machinery or vehicles?

We’ll guide you through the lending criteria, helping you understand the potential risks and responsibilities for both your business and your personal finances. Our team will work closely with you to explore different loan features and options, ensuring you secure competitive rates and terms suited to your situation.

What Are the Steps to Buying Your First Property?

  1. Speak to a PM Brokerage adviser who can assist you in securing a mortgage agreement in principle
  2. Search for your property (or appoint a buyer’s agent to search on your behalf)
  3. Ask your conveyancer or solicitor to review the contract of sale
  4. Put forward an offer
  5. Obtain a formal mortgage approval
  6. Commission building and survey reports (and, where applicable, a leasehold report)
  7. Sign the contract of sale (also known as ‘exchanging contracts’)
  8. Pay the deposit
  9. Arrange buildings insurance, to commence on the day of completion
  10. Pay Stamp Duty Land Tax (if applicable)
  11. Complete on the property

Ready to Apply for a Commercial Loan?

Lending criteria can vary significantly between providers. At PM Brokerage, we work with a broad network of lenders, giving us the insight needed to guide you effectively through the process and develop a strategy that maximises your chances of success.

To get started, you may need to prepare the following documents:

  • Contract of sale for any commercial property
  • Valuations or quotes for machinery, vehicles or equipment
  • A detailed business plan with financial forecasts and market analysis
  • Business financial statements for the past two financial years
  • Personal financial records for the past two financial years
  • Valuations for any personal assets offered as security

Ready to Grow Your Business or Invest in Commercial Property? Get in Touch.