How to find finance for business premises
Published by MFAA
The financial aspects of acquiring premises for your business can be quite confusing. It’s important to be informed and understand what you can achieve by purchasing property.
Finding the perfect premises for your business can be a difficult process, and finding the right finance for it even more complicated. The best place to start is working out your objectives in purchasing a property.
It’s important to understand the business objectives and what is required to complete the transaction. It's also important to have the right loan structure, as that will either enable your business to achieve those goals, or it will stifle them.
Establishing a finance structure that will assist the purchase but will also allow flexibility to meet with business finance requirements is necessary to support growth.
When it comes to deciding which lender to apply to, understanding your business’s financial history is essential so that you can present it in the best possible light.
It’s important to get all the help necessary to make sure you’re on top of every part of the process, so setting up a team of experts to help you with it is a good first step. Start by finding an MFAA accredited finance broker with expertise in commercial finance.