Ignition Credit

Business & Personal Asset Finance in Cornwall

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Back to business with commercial loans

13th July 2020 By Katy Baker

Managing Director, Paul Caunter, explains how businesses can access commercial loans to help survive the current crisis:

“SMEs are crucial to the UK economy, but many are now facing unprecedented challenges, with some diversifying, some working at reduced capacity, some closed for the foreseeable future, and others taking the first steps to resume trading.  

Thankfully, financial support is available to help all businesses navigate these difficult times, and there are many suitable and affordable options for those that need help with extra funds.

Ignition can help by providing unsecured Commercial Loans for working capital. These can range from £25,000 to £350,000 depending on your needs and can be used for almost any business purposes. Some commercial loans will qualify for the government’s Coronavirus Business Interruption Loan Scheme (CBILS) and can benefit from both a 12 month payment holiday plus 12 months interest free.

We have many examples of businesses that have come to us to organise loans for specific projects or to help with cash flow, from a specialist contractor opening a new office, to a car repair and MOT centre needing extra funds, to a marine centre looking to purchase land to extend its waterside premises, to an electronics manufacturer requiring a bridging loan whilst waiting for an EU grant.

We can also offer Invoice Financing, which helps with cash-flow when waiting for large invoices to be paid.  Underhill Building Services, a service provider of building and maintenance support across the South West, was being held back waiting for substantial payments, and is now benefiting from an Invoice Factoring package put together by Ignition in conjunction with Lloyds. Whenever the company raises a large invoice, it receives 70% of the value in funds within just 36 hours.  Then once the customer pays in full, Underhill receives the remaining balance, minus the agreed fee.  

If your business could benefit from a commercial loan or invoice finance, please contact our team to discuss your needs.”

Filed Under: News

Can we help?

If you require assistance or further information call one of our expert advisers on 01872 272900.

You can also request a quote online, or use our simple vehicle finance calculator.

Finance Products & Services

  • Asset Refinance
  • Finance Lease
  • Hire Agreement
  • Structured Payments
  • PCP (Personal Contract Purchase)
  • Hire/Lease Purchase
  • Contract Hire
  • Operating Lease
  • VAT Deferrals
  • Corporation Tax Loans
  • Invoice Finance
  • Commercial Loans
  • Loan and Chattel Mortgage

Our Products & Services

  • Asset Refinance
  • Finance Lease
  • Hire Agreement
  • Structured Payments
  • PCP (Personal Contract Purchase)
  • Hire/Lease Purchase
  • Contract Hire
  • Operating Lease
  • VAT Deferrals
  • Corporation Tax Loans
  • Invoice Finance
  • Commercial Loans
  • Loan and Chattel Mortgage

Get a Quote Today

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What We Finance

  • Car Finance
  • Prestige Car Finance
  • Classic Car Finance
  • Motorsport Finance
  • Vans & LCV Finance
  • Haulage & HGV Finance
  • Bus & Coach Finance
  • Horsebox & Trailer Finance
  • Agricultural Asset Finance
  • Renewable Energy Finance
  • Construction Finance
  • Engineering Finance
  • Technology Asset Finance
  • Refurbishment & Fit-Out Finance
  • Catering Finance

About Ignition Credit

Registered Office
Sterling House,
Green Court,
Truro Business Park,
Threemilestone,
Cornwall,
TR4 9LF

Phone
01872 272900

Office Hours
Monday—Friday: 9:00AM–5:15PM

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Copyright © 2021 Ignition Credit. All Rights Reserved
E&OE Company Registration Number: 4315993 | VAT Registration Number: 864 5933 85 | Authorised and regulated by the Financial Conduct Authority FRN 679018 Registered Office:- Sterling House, Green Court, Truro Business Park, Threemilestone, Truro, Cornwall, TR4 9LF

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