At Eakins and Finances we are dedicated to helping businesses and investors secure the financing they need to grow and succeed.
With our extensive knowledge of the loan market, we support businesses in finding the right loan to meet their needs and financial expectations. We take the time to thoroughly assess each business’s economic situation, business’s cashflow position; including its revenue, expenses, and credit history, to determine the most competitive loan options.
We help businesses negotiate competitive interest rates and conditions and provide ongoing support and management services to ensure the loan is processed smoothly and efficiently.
Some business finance may require collateral to secure the loan. This could be in real estate, equipment, or other assets. The value of the collateral will help determine the size of the loan and the interest rate offered by the lender. In some circumstances you can borrow up to 100% of the value of a residential property for business purposes. This can be in addition for your home loan.
We also have available render who will do some business loans unsecured.
A business’s financial history, credit score, and other relevant factors will determine its eligibility for a loan. Lenders will assess these factors to determine the level of risk associated with the loan and whether the business is a good candidate for financing.
The business’s ability to service the loan will be governed by the loan term as well as the interest rate which will be use to calculate the monthly repayment. It’s essential to have a clear understanding of the repayment terms to ensure the loan is affordable and manageable over time.
The interest rate is one of the most important factors when evaluating a loan. A lower interest rate can mean lower monthly payments, while a higher interest rate can make the loan more expensive over time. It’s important to compare interest rates from different lenders to find the best deal.
The level of customer support the lender provides is another critical factor. Businesses will want to know what kind of assistance is available during the loan process and what resources are available if they need help with the loan after it’s approved.
Do you need help getting better financing options and finding deals to save money?
Get in touch with our experts today!