Expansion funding is a form of business finance used by businesses that are looking to invest in their business to help it grow. Investment can include moving into new premises, access to new equipment, hire more staff, business refurbishments - the list is endless.
Expansion funding is typically a long term form of funding, primarily because expansion funding is borrowed in greater amounts. Expansion funding is typically unsecured loans, meaning that no collateral is attached when borrowing (although some businesses may need to sign a personal guarantee).
The expansion funding facilities that are available from JPM Capital are separate from existing bank loans.
Expansion funding can be used for businesses that are looking to grow or expand, this means that expansion capital can be used on a variety of options, including:
Business owners that want to grow their business tend to apply for business expansion loans, especially if they’re looking to take advantage of a potential opportunity. Business growth is always the natural profession of a successful business.
Rishi Sunak announced in the Spring Budget that there will be super deductions for companies that are looking to invest in their business. This is likely going to be a powerful incentive for business owners in the UK, especially following a year of financial instability due to the coronavirus pandemic.
For businesses that struggle to be accepted when applying for finance with traditional lenders, such as banks, alternative funding could be a helpful option. Alternative finance generally consists of solutions that are designed for businesses that are unable to meet the criteria needed from traditional lenders.
These funding solutions are typically specialist. JPM Capital works with a large group of partners that can provide:
To learn more about the alternative finance we offer, check out our funding solutions.
There are always potential risks when applying for finance, therefore it is imperative you have done the correct research and asked the right questions when applying. It is also important to borrow as much as you can afford to pay back.
One of the key risks of expansion funding is counting that your business will grow. Expansion funding is really useful for helping businesses grow, but does not guarantee success – that is down to the business owner and how much research and preparation they have done.
To apply for expansion funding with JPM Capital, there are two options:
Any business looking to grow or expand can apply for business expansion loans. Typically, we receive quotes from small businesses and medium-sized businesses looking to expand, but we are also happy to hear from startup businesses and sole traders.
At JPM Capital, we work with a number of partners which allows us to find the right type of financing for different companies from all types of industries in the UK.
JPM Capital provides unsecured commercial loans to businesses looking to grow. With over 30 years of combined industry experience, JPM’s dedicated account managers combine speed and quality when helping out our clients.
JPM Capital Finance Limited is authorised and regulated by the Financial Conduct Authority (FCA), this ensures that we meet the most stringent compliance criteria. We are also proud to be a member of the National Association of Commercial Finance Brokers (NACFB). As a NACFB member, we constantly stay up to date with the latest market developments and the latest financial products on the market.
We recently dealt with an Accountancy firm who has suffered immediate cash-flow problems as a result of the recent unprecedented global contagion. Clients who paid monthly direct debit retainers have cancelled and debtors which have been due into the firm have requested payment terms. At a time when clients need Accountancy support more than ever it is important that our client was using his time to support clients and not chasing bills!
To discuss funding today please fill out our get a quote form
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Call 01244 450870