Finding the money Buying a business is one of the biggest decisions of your life and the commitment may affect you for very many years to come. TRANSAGENTS can not only help you find the money but also find you a loan on the most suitable terms. We have forged links with several High Street banks and also with a firm of brokers who specialise in arranging business loans.
Loans Loans are subject to status and subject to the ability to meet the cost of repayments and can be up to 70% of the purchase price of the business or valuation (which ever is the lower), plus stock and where applicable, the first quarters rent.
Loans can also be arranged for business re-finance.
How much should I borrow? There is no definitive answer to the question of how much should I borrow but a safe guide is to borrow no more than 50% of the price. Of course there will always be exceptions to this rule. However, you will not want to feel that you are only working for the bank, or if there are slow periods of trade, that you will be under pressure and not able to meet the cost of repayments by being 'over-geared'.
Contact us Ring us on + 44 (0) 1323 847627 for a confidential, no obligation discussion or CLICK HERE if you would like us to contact you.