Business Finance
Business finance, put simply, is the money which is available to a business whether you’re a start-up, expanding your existing business or developing new products and services.
Business finance is money needed for commercial purposes and there are several options for you to consider. Our specialist independent financial advisers at Worldwide Financial Planning will work with you from the beginning of the process through to the completion of the solution required for your business.
Why you should engage with our advisers to help with business finance
Your appointed business finance adviser at Worldwide Financial Planning is completely independent and is part of a much bigger team of specialists which means we can draw on the expertise of our entire team such as mortgages, tax advice, pensions, Self-Invested Personal Pensions (SIPP) and alternative finance.
We pride ourselves in the relationships we have built up with solicitors, accountants and other professionals, all across the UK, in relation to commercial financing including grant funding. Most businesses will have professional specialists appointed and we are more than happy to work with the people you already trust. If you do not have your own professional specialists, we are more than happy to recommend options for you. A collaborative approach between our advisers and professional specialists will ensure you are looked after in the best possible way.
We are a team of independent financial advisers which means we have access to every single provider of business finance in the UK. We will advise you every step of the way so you get the best outcome for you and your business.
On this page:
- What Is Business Finance?
- What Can Worldwide Advisers Do For Me?
- Solutions For Business Finance
- Business Grants and Alternatives
- Types of Solutions We Can Help You With
- Pension Planning For Directors
- The Benefits of Buying My Commercial Premises Through a SIPP?
- What Is Commercial Refinance and Can It Help My Business?
- Selling Your Business
- Frequently Asked Questions
"It is the value of honesty, integrity and empathy which have given Worldwide Financial Planning the edge over other advisers.”
Editor FT Adviser
Solutions for Business Finance
If you are new to having your own business, and, you are finding that accessing funding for small businesses is proving tricky, please do not let this dishearten you.
Our FT award winning team specialise in funding for businesses and because we are independent financial advisers, it means we have access to the entire UK marketplace, including niche lenders.
Our team will be more than happy to help you with this. As we say, don’t be put off, speak to our specialists. Even if your bank is being unhelpful, we will do everything we can to help. Have a read:
Business Grants and Alternatives
If you run a small business there are so many government grants available to you which will help you save money and help you with start-up costs in order to get your business hitting the ground running. Government grants are made available for UK businesses and there are different types of grants which are available in different forms but they generally come in the form of a direct grant. There are of course alternatives to explore. For all Business Finance solutions speak to our team of specialists.
Types of Solutions We Will Help You With
The Worldwide Financial Planning business and corporate solutions team can help you with a number of different things.
Those include;
- Pension planning for directors
- Company pension schemes
- Protection for your business and key personnel
- Commercial Mortgage and Remortgage
- Finance and refinance
- Small business funding
- Assistance with Government grants
Pension Planning for Directors
Pension planning is really important for your future and if you are a director in a company it’s not just about saving for your retirement – it is also a tax efficient way of extracting profits from the company. As a director of your own limited company this means you have the ability to make contributions to a company’s director’s pension both as a business and also as an individual. Your adviser will go through everything with you and here’s some more information for you.
What are the benefits of buying my commercial premises through a SIPP?
Our business finance team at Worldwide Financial Planning will guide you through this every step of the way. The subject can be complex but our expertise saves you time and stress allowing you to get on with your job of running your business.
As an example, using a SIPP (Self-Invested Personal Pension) could mean that part of your business property is purchased by the taxman, for you, through tax relief. Any gain on your business property would also be free of tax within the SIPP.
If you are buying a business property don’t believe that business property loan to values should operate at 75 per cent LTV (Loan-To-Value). Some business finance providers will lend up to 100 per cent for the right business and the right commercial property, with the right level of security.
There are many different methods to choose from and our commercial property finance experts will use their expertise to find the most suitable business finance from the thousands of brokers available.
What Is Commercial Refinance and Can It Help My Business?
The refinancing process involves using money from one loan to pay off another loan, and, when you’re in business, commercial refinance can help you do several things. Your appointed independent financial adviser will discuss everything in detail with you. They’ll discuss with you your current business situation, what you want to achieve and then we research the marketplace to find the best solution for you.
Find out here some of the ways in which commercial refinance can help you and how one of our commercial financial advisers will assist you in exploring all of the options.
Selling Your Business
If you are considering selling your business your independent financial adviser will guide you on the best ways in which you can do so. Selling a business requires a lot of planning and getting your financials in order in crucial and have your team of advisers in place including solicitors, accountants and your independent financial adviser who are key to this process.
There are many things to consider and we go into more detail here:
Contact Worldwide Financial Planning
Frequently asked questions
Cash flow is normally the biggest crippling factor of any business. If you are comfortable that you do not need the cash, the cheapest way to buy any asset is cash. But, bear in mind, on top of the cash flow benefit, the borrowing will also attract tax relief. Your adviser will go through your options with you.
Yes – no matter how big or small your business is, whether you are a sole trader of a larger corporation, your independent financial adviser will help you find the best finance to meet your needs. Speak to one of our independent financial advisers and we’ll guide you through this.
Whether you already have a business, or are thinking of starting up, there are many commercial finance options available. These include a business or commercial mortgage; a commercial loan, either secured or unsecured; a bridging loan (if you are seeking short term finance) or, in some cases, you can consider factoring or invoice discounting. Speak to your independent financial adviser.
Yes, and if you do so, then you could subsequently take out a residential mortgage and inject it back into the business where you would now attract tax relief on the interest payments.
According to the Inland Revenue, building a website is not considered a trading expense but updating it and maintaining it is. Work with your independent financial adviser on this because if you can circumvent the Revenue’s argument, you could possibly claim a tax deduction which just might cover most of the expenditure.
Absolutely. Spread your assets and use multiple lenders which ultimately takes control away from a single source. Remember, lenders will always be seeking out more business from you but if you give them control of everything from the beginning, you have little to no room to negotiate. But again, this is where your independent financial adviser will be crucial for getting the right solutions for you.
Of course and remember to pay your spouse from your business in the most tax effective way so they do not lose out on their income tax allowance.
Yes you can. Contributions to your pension fund, which attract tax relief and relief from employers’ NICs, can be used to fund the purchase of business property. Rents for the use of the property will be a deductible expense for your business but will not be taxed as income of the pension fund, which is tax-free. Gains on the disposal of the property will be free of tax.
A SIPP is a pension scheme that allows you to buy commercial assets which in turn means that any growth on that asset is tax free. So, yes, consider using a SIPP for property purchases.
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