Reach Commercial Finance

Have you delivered goods and/or provided services and are waiting to be paid?

Would you like to access that cash without your customers knowing you need finance?

Invoice discounting helps thousands of businesses in the UK to turn unpaid invoices into cash in the bank confidentially. It’s a fuss-free process used by many major companies that can support your growth by providing finance that grows in direct proportion to your turnover.

Step 1: You assign your sales daybook or invoices (supported by delivery notes or proof of delivery of goods/services). Many funders now have systems which link with your accounting package to make it quick and easy to use.

Step 2: The funder calculates the amount of cash you can access against the gross invoice value (including VAT), normally calculated on a percentage basis e.g. 80% of a £100,000 gross invoice allows access to £80,000 minus any charges.

Step 3: You request the cash, which can even be done on a same day basis (which may incur a charge), it is paid directly into your normal business bank account.

Step 4: You control your relationship with your customer and still perform your own credit control.

Step 5: Once the funder receives the money owed you can then access the remaining cash minus the funder’s charges.

Providing your business meets some basic requirements, invoice discounting is simple to administer and should not intrude in your day-to-day processes. We can tailor the ideal package for you to maximise the benefits of invoice discounting.

Does your business have fixed assets, plant and machinery or vehicles?

You could benefit from using asset finance to release working capital or help purchase new equipment.

We provide a range of flexible funding options including Hire Purchase, Leasing and Refinancing, enabling you to purchase assets to grow your business or unlock working capital. Asset finance is one of the most popular funding solutions available.

We also offer bespoke packages to maximise these facilities in conjunction with either factoring or invoice discounting, meaning we can raise even more money for you at a better overall rate, without making the process difficult.

We can tailor the correct finance package so you can maximise the benefits of asset finance.

Do you need finance to fill a trade cycle funding gap?

Trade Finance is a way of taking away the payment risk and the supply risk for those involved in the trade cycle.

It can assist if you have either a confirmed order, or if you have shipped goods, helping bridge the gap between paying suppliers and receiving money from buyers.

Every business is different – in order to receive the most appropriate advice please call our specialist consultants now.

If so, stock finance can be used to release cash otherwise tied up in a warehouse.
Finance can be raised against both raw materials and finished goods.

Stock finance is sometimes offered on a standalone basis, but more commonly forms part of a structured asset-based lending facility.

Providing you have good stock management systems, as your stock holding increases so too will your stock finance facility.

At Reach Equity Solutions, we aim to take the hassle out of sourcing investment and finance for established businesses, either to fund growth or assist with cash flow issues or with distressed situations.

We specialise in working in highly charged and time sensitive environments and have an impressive record of successfully introducing equity investors to UK businesses.

Typically, Reach Equity Solutions will help SMEs who require between £50,000 and £2.5million. This can be for growth purposes or to assist with a stressed or distressed trading issue.

We have partnered with a PG insurance specialist, currently the UK’s only current provider of Personal Guarantee Insurance (PGI), to provide you with a solution that gives you the confidence to grow your business through securing crucial finance, whilst protecting your personal assets.

What is PGI?

PGI provides cover to Directors of Ltd Companies based in the UK who have signed a PG in relation to commercial finance. If the company enters insolvency, the Policy steps in and pays a set percentage of the PG commitment directly to the lender.

PGI provides:

80% cover for PGs signed in support of secured finance
60% cover in the first year for PGs attached to unsecured finance, rising to 70% in year two, then 80% in year three and thereafter
A maximum level of cover of £400,000 for secured loans and £300,000 for unsecured loans
Unlimited access to the Business Support Service which provides invaluable support during financial difficulties
£10,000 cover for a profession debt negotiator to arrange settlement with the lender
Cover for multiple Directors on one Policy at no extra cost if the PG is signed on a joint and several liability basis
Cover for multiple guarantees on one Policy
PGI is available against a wide range of business loans, including invoice finance, asset-based loans, commercial mortgages, peer-to-peer loans, development loans and more. Why not have an informal chat with the professionals and make sure that you are not risking your personal assets unnecessarily.

Commercial loans can be used for a variety of purposes including purchasing additional business premises, expanding your business, debt consolidation, cash flow and property development.

Navigating the commercial market is often difficult and an important step is to seek advice from a specialist commercial mortgage broker. Through our relationship with an award-winning independent broker and commercial finance consultancy, we can provide access to a variety of mortgages and extensive panel of lenders.

Our broker partner operates a competitive tender system for mortgage applications, ultimately securing competitive rates and terms for clients as well as providing access to exclusive products which are often not available directly from high-street banks or specialist lenders. They can also off er client s access to an entire range of mortgage options including:

Repayment and Interest-only payment types
Short and long-term repayment programmes
Fixed and variable rates
Arrangement fees added to the loan
Up to 80% funding available on an individual property and up to 100% funding with additional security provided
Short term VAT loans available to avoid you having to fund the VAT on a property purchase from your business cash flow
Government funding schemes and incentives
In addition, for clients who already own property for their business or investment purposes and need to raise funds, our broker partner can advise on re-mortgage opt ions, releasing funds quickly and efficiently.

Loan schemes are available directly from the government, or from local authorities and other bodies, to help small businesses that are unsuccessful in obtaining money through their own bank.

Typically, loans are available for a wide range of purposes and can often address the funding gap mentioned above.

In contrast to a grant, when a loan is provided there is likely to be a requirement for the business to give security and cover the costs associated with the loan.