Get working capital with a loan at market leading rates.
Stop waiting to be paid - get the cash within 24 hours every time.
Raise funds you need and enjoy the benefits of a secured loan.
Buy the equipment your business needs today and spread the cost.
Finance for the pharmaceutical sector can be vital. A facility for your business can help you to run your business how you want, and can be tailored to help you face any issues you may deal with.
For example; an Invoice Finance facility for your business could be put in place, increasing your cashflow, allowing you to never have to worry about missing a payment, or paying an employee.
Term Loans: A lump sum of capital that is repaid over a specified period with interest. These loans can be used to finance various activities, such as research and development, manufacturing expansion, or acquisitions.
Revolving Lines of Credit: Provides a predetermined amount of capital that can be borrowed and repaid multiple times within a specified period. It offers flexibility and can be used for working capital needs, such as inventory management or funding ongoing operations.
Asset-Based Loans: Leverage assets, such as accounts receivable, inventory, or property, to secure loans. Asset-based loans are structured based on the value of these assets, and they provide companies with working capital based on their collateral.
Unless you are a new start-up company, the minimum turnover most lenders will deal with is £250,000.
Similarly to Turnover, start-up companies can get funding, however a minimum of 6-12 months trading will give you access to a much more broad range of lenders on our panel.
Due to us dealing with UK Based Lenders, we can only find funding solutions for UK Registered Businesses.
The cost of the facility will depend on a few factors. These are essentially decided by what you want from the facility, and how large your business is. Different lenders have different costs & fees that go with the arranging and running of your facility, but the main charges that go with running an Invoice Finance facility are the service fee, which is a percentage of the invoice value, and the discount fee, which is calculated from the amount of money advanced to you.
Eligibility varies largely from lender to lender, with some being more flexible, some more rigid with their criteria. The basic criteria for applying for an Invoice Finance facility is as follows:
- £250k minimum turnover
- UK Registered Business
If you don’t meet this criteria it isn’t the end of the road, other funding options are available, and this can be discussed with one of our consultants.
Invoice Finance facilities can be completed in as short as a few days, although the process can take longer. Our aim is always to make the process as quick, and simple as possible.
Business Loans can vary hugely in amount. With an Unsecured Business Loan, anything between £10,000 and £350,000 can be funded. With a Secured Business Loan, the range can be anything between £25,000 and £2,000,000.
We are not your average broker. We strive to find you the perfect funding facility for your business, in the easiest way possible. We designate a member of our team of specialist finance consultants to you, walking you through the entire process until the funds are in your hands.
“Would thoroughly recommend using Spark Finance, we had great service all the way through the process from Perry. We will definitely be back should we need any more finance for my business”
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