Coria Commercial Finance

19/09/2024

We love doing our bit for the Springhill Hospice

02/07/2023

Our Business Buddies provide so much support to the Hospice through their regular donations, lending a helping hand at our events, and their generous sponsorships.

To show our appreciation, every week we will shine a light on each of our Business Buddies and their contribution to the Hospice.

Commercial Finance matches its expertise with a holistic approach to help businesses achieve their goals using finance. Coria Commercial Finance has raised an incredible £935 for Springhill Hospice through joining us at our events, fundraising, and their Business Buddies Membership for the Hospice.

If, like Coria Commercial Finance, you’d like to support your local Hospice and fulfill your Corporate and Social Responsibility, please visit springhill.org.uk/business-buddies or contact the Fundraising Team on 01706 641790.

02/07/2023

If you would like to join us at the next Professionals of Dale free networking meeting in Rochdale, hosted by myself and Clare of please contact me at [email protected]

29/05/2023

What can I fund with a commercial loan?

In general:

💷 A predictable cash flow
📈 Stable business growth

This often translates into receiving finance for:

- Temporary or permanent staff
- Finished goods from the UK or overseas
- Unpaid customer invoices
- Buying or refinancing soft assets
- Buying or renovating property
- Property development plans
- Hospitality refurbs
- Purchasing another business
- Buying out an existing director

Explore more about commercial finance over on our website: https://www.coriacommercialfinance.co.uk/services

25/05/2023

4 uses for bridging loans every business owner should know:

✅ Purchasing land or an existing property

✅ Renovating property or making it fit for purpose e.g. converting to office spaces

✅ Refurbishing property

✅ Ground-up property development

Got a question about bridging loans? Ask us in the comments.

23/05/2023

A quick guide to acquiring finance for projects

We often get asked about the process when it comes to financing a development project, so here’s a rough outline:

💡Know the details of your project inside and out. Your business plan and exit strategy. It should include costs, timeline, expected profits and how you anticipate paying back your loan i.e. sell, remortgage or lease.

📝 Prepare your finance documents: 6 months' bank statements and your last set of accounts is the most common information required by lenders

👩‍⚖️ Prepare legal documents such as contracts and leases to show the development is legally sound

🏠 Think about collateral: the details of the property in question plus any assets you will be securing against the loan

✅ Be prepared to answer questions about your own experience as a property developer and the team you’ve put together for the project

Finally, the common thread of all these steps is the need to be open and transparent. The more honest you are, the better a match your loan will be.

Talk to us today about your next project at https://www.coriacommercialfinance.com/contact

21/05/2023

5 steps to buying your dream business premises in 2023:

1) Consider WHY you're buying premises for your business

2) Go through your goals with a property finance expert

3) Choose the best finance option for you and your business

4) Look for the most suitable property

5) Purchase your new business premises

Though these 5 steps are the headliners, and not the full scope of your journey, you'll never get close to buying your new business premises if you don't know your options.

We've helped many businesses understand what it takes to be ready to buy a commercial property.

Get in touch for friendly chat about your property finance options today at https://www.coriacommercialfinance.co.uk/contact

27/04/2023

Taking stock after periods of growth allows us to adjust course and determine whether our original goals and plans are still aligned. Without it, we risk letting success control us, rather than the other way around.

Read our latest blog and explore the 7 ways to maintain momentum, continue your success trajectory and avoid burnout along the way.

Blog here: https://www.coriacommercialfinance.co.uk/post/business-growth-7-ways-to-maintain-momentum

Do you have more tips for business growth? Tell us in the comments!

Balance is essential not only for our personal health, but to maintain the momentum of business success.

19/04/2023

3 ways your business can finance growth in 2023:

Asset finance: acquire vehicles, machinery and other equipment you require to scale without risking your cashflow

Invoice finance: receive cash on the day of invoicing your customers, rather than waiting 30, 60 or even 120 days

Trade finance: bridge the gap between purchasing finished goods from your supplier and being paid by your client

The goal of finance is to support your cash flow requirements whilst providing room for sustainable business growth.

Learn more about business finance options at coriacommercialfinance.co.uk.

14/04/2023

Thank you to my friends at Close Brothers invoice for a brilliant day at Aintree Racecourse yesterday. Spent the day in a box overlooking the whole race course, had the jockey Harry Cobden come and introduce himself, then watched Phil Sproston, Kate Prince and Michelle Wilson present the prizes to the winner of the Close Brothers race and had a cheeky glass of champers with the owners and trainers!! All in all a wonderful day with great people !! Thankyou so much for including me

13/04/2023

Of the 60% of businesses which fail within their first 3 trading years, 29% simply ran out of cash. It’s a shame to see so many businesses fail when finance solutions are readily available to assist, in many cases.

What many don’t realise is that business finance is primarily there to support your growth, not bail out businesses who are in financial difficulty (though it is possible to do this too).

At Coria Commercial Finance, we help you plan and finance sustainable growth with a range of commercial finance solutions. From the very first phone call, we ensure the route taken is most suitable for your unique business, supporting you every step of the way.

Talk to us today or visit coriacommercialfinance.co.uk



Statistics from fundquire.co.uk

06/04/2023

For capital equipment (like vehicles or machinery) asset finance is a great way to purchase - even if your business has the capital right now.

Find out why in our blog: https://www.coriacommercialfinance.co.uk/post/what-is-capital-equipment

Explore the definition of capital equipment and 3 ways your business can finance this investment.