Short leasehold funding
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Birchwood Business Finance work closely with lenders to provide funding for applicants who wish to purchase or re-mortgage the lease of a business.
- Up to 70% of the purchase price, 1st quarter's rent and stock at valuation, if applicable.
- Interest rates from 3% over base.
- For security, lenders will take a first legal charge over the lease of the business and suitable life cover for the amount and term of the loan.
- Applicants to fund the balance of purchase monies and ingoing costs from their own resources (a capital raise on existing assets is acceptable).
- All amounts of funding can be considered from £10,000 upwards.
All facilities are subject to satisfactory valuation and formal underwriting.