Finance

Why choose Owner Financing in Austin? Austin Owner Financed Homes

In owner financing, sellers provide short- or long-term mortgages to buyers, augmenting traditional lender financing or taking its place.

These sellers may be more apt to get an offer and close a deal quicker. The loan may yield interest and an income stream topping mortgage payments or investment interest rates, and there can be tax perks.

Offering financing carries risk. It takes good judgment to avoid the missteps big lenders made in the subprime debacle. Sellers should consult experts to help set up a loan and maybe a trust, handle documentation, keep records and file taxes. If you’re in the Austin area, i would highly suggest Forte Properties. They are the #1 Owner Finance specialists in Austin and surrounding areas.

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Who needs seller financing? The list includes foreign buyers who may have trouble getting U.S. bank mortgages, and business owners or others who look cash-poor to a bank but have assets and income aplenty. Seller financing for luxury properties is especially in demand.

Sellers who finance can defer capital gains taxes for the period of the note and only pay income tax on the interest and principal income they get each year. Depending on how long a seller has held a home and the size of the down payment, he may not need to pay capital gains tax on that part of the transaction.
Rates And Costs

It can run a few hundred dollars for an attorney to review loan and sale papers. Usually the buyer pays.

Interest rates, amortization and note periods on these private loans are set by what the market will bear. Some undercut bank rates. Others get a premium. Usury laws make loans at unreasonable interest rates uncollectible, possibly illegal.
For more information on Owner Financing and how it can benefit both the buyer and the seller in today’s market, go to http://www.AustinOwnerFInancedHomes.com.

Forte Properties is Austin’s #1 Owner Finance company.

Car Finance for all

The availability of easy finance car is one of the main reasons for the explosion in car sales from year to year. Even cars with high price to pay is the monthly options in different ways. It is a global phenomenon. The car loan after payment of certain amount as part payment and the rest have on monthly payments.

Some of the most common types of car financing options are: , commercial leases, packaging and low pay doc / doc not auto finance, mortgage, Lease Novation and even personal loans. The difference between these methods lies in the title or the title to the grip of the car to the amounts by vehicle manufacturers and the tax treatment of different financing options to pay.

The car loan can have in each of the different formats, depending on your type of job. For busy people with a certain organization, is generally the preferred method, even in the salary package. This can take two forms. In one, a reward package, the monthly payment deducted from the salary of the employee and the finance company car. The obligation to pay based on employees and, if he leaves the job, he must arrange for the new employer to get packed in the content. For people who want cars to their trading partners on the appropriate tour companies and travel, the commercial lease option at best. With each successive payment, you pay money in the possession of the car. Money can be paid as a rate at which income from the use of cars manufactured in the economy. So there is no additional cost to the owner. While the cars away for non-payment of the amounts of rates are made, there is nothing care for the owner because he made no investment in them. Is taken

Personal loans for high interest rates, provided that at least half of the sum will be used for personal purposes and the rest is used for the purchase of the car. The loan is the lender who takes a fee for this service in the form of guaranteed monthly payments.

There are also situations where an independent income is still no evidence to bring his own salary to less or anything else. For those who can finance the car had when certain criteria are complied with. The most popular options for this requirement is that the low doc or no doc financing. This is the most common type are available fro those with low incomes have independence.

Each of financing options has certain advantages either. Has been interpreted so that when the car needs of most people deserve justice too.

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Thursday, September 22nd, 2011 Finance Comments Off

Car Finance

We all desire for buying a car. For this purpose you can find many companies all over the world that provide the facility of car finance in order to fulfill your desire. Moreover, these companies provide you a reliable application service and online comparison for ensuring that the request of your loan is handled in the easiest, fastest and most possible affordable manner. It will take simply few minutes to complete the application form online. You can determine your monthly auto loan payment by using car loan calculator provided by the companies.

You should first compare the details on the car finance provided by different companies. After that you can choose the most suitable car financing company. There are various companies which can provide you each year with cheap low cost financing. Such companies try to provide low rate loans to their customers. So, in this way you can get the best car financing rates in various countries including Australia. You can even have negotiation with the company on the interest rates for getting better rates.

You can get business or personal packages for car loans with cheap car loan rates. You can also get the online quotes. You will simply have to complete the car loans formalities of the company in order to get the loan approved instantly. In the present times it has become very easy to get car finance. In addition, credit is available for purchase of the new and used motor vehicles through brokers, car sales yards or private sales. In fact, various finance calculator tools are available for you to compare and calculate different payments. In fact, the loan calculator will help you in choosing interest rates, terms, etc. for calculating your online repayments of loan.

The specialists of commercial car loans will help you in getting car finance. In fact, you can get finance for car in an easy and efficient manner. The process of financing the car has become rapid nowadays. The companies have dealing with various lenders and banks for providing you with car financing at competitive rates. Just try to get comparisons on car financing and thereafter you should learn how you can get low rates for a cheap car loan. The companies are nowadays offering a complete range of tailored business car loan & car financing and car loan solutions & personal car financing.

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Whether the client needs a Car Lease, Commercial Hire Purchase (CHP), Car Loan or Personal Loan for your car, the consultants of such companies are always ready to help you by all means. These consultants have adequate experience, skill and knowledge to guide you to the right path. Moreover, it will also help you in re-financing your existing car loan or car finance, which can help you in finding a better deal. These, companies help a lot in improving your understanding of car financing.

Finance Homework Help: authentic way to solve your problems with financial education

looking for any support to help you finance your homework about? You’ve come to the right place. Homework Finance will help you a lot to all your questions, to solve the problem of finance. However, Finance is a comprehensive, on difficult and confusing because it includes the study of financial planning, asset management and services, sales, financial analysis is financial, government, economy , crime, family, health, law of war applied, and many more.

So this homework Finance is the online tutoring service for students easy to solve problems related to financial education possible. Whether you’re at home, school, college or preparing for an exam, etc., these duties Finance support always ready to serve you or to learn all the concepts in the field of financial education. But she is always ready to serve you individually, by their learning materials and appropriate advice on your needs and requirements.

Talk to professionals in this homework Finance You have a team of experienced instructors and professionals who specialize in this category, finance and manage a long experience for students and teach them thoroughly, allowing students easy access to education, which are related to finance. Tutors help fund this homework have extensive knowledge and comprehensive database, pupils wrote well and make quick fixes to their requests and queries. It also provides a comprehensive overview of topics that are related to finance, exercises, tests, documents of practice, manuals, previous work, the sample papers, learning materials and many other different things to understand the student can easily design and their methods of test or examination, etc. After these visits, homework help Finance prepared, students can simply told me his experience , reviews, and their doubts or wonder about the context.

In addition, it is very easy and comfortable to help with homework Finance to achieve. These students are simply Login to the site and provide their application by the mention in forums that help our homework well in Finance site is linked. Well, after registration, your request in the pages of our experts or guardians will automatically produce the desired results with your request within 24 hours without any delay.

Looking for any support to help you finance your homework about? Homework Finance will help you a lot to all your questions, to solve the problem of finance. Tutors help fund this homework have extensive knowledge and comprehensive database, pupils wrote well and make quick fixes to their requests and queries.

After these visits, homework help Finance , students can simply told me his experience, criticism and doubt or query about the context .

However, if students do not get the result, then our experts, this means that the homework Finance have not heard of you. Therefore, it is a board for you to submit your questions in the pages of the form carefully. Homework Finance 24X7 offers its services to students, allowing them to resolve their questions easily and immediately obtain a solution in seconds without any hassle.

Laptop Finance and in Addition to That Get Basic Information on Saving Money

If your main attention is information related to laptop finance or any other such as home financing, real estate financing, laptop finance or laptop finance, this article can prove useful.

Finance and cashflow control has been a subject of debate in the last few weeks. Understanding the complex nature of credit scores, organizing bills, or choosing the right finance insurance can be made easy if an inquirer receives the right info. Finance is a vital subject and people will be able to rely on web sites that will offer a wide spectrum of answers to finance questions.

People only have to go to the internet site and fill in some info concerning their private identity. They only really have to provide information that they’re working and they have good income. When they fill out the form, they’ll get pay-check advance loan that may make them able to survive until their next payday comes.

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INTERVAL — Did you notice so far this article is indeed related to laptop finance? If not, go on and keep reading. You will find more info that can help you as regards laptop finance or other related financing mortgage, estate financing real, ministry of finance and economy, short squeeze.

Finance is used by people ( personal finance ), by regimes ( public finance ), by firms ( company finance ) and by a wide variety of other setups, including faculties and non-profit setups.

Monetary economics is the branch of economics studying the interrelation of financial variables ,eg prices, rates and shares, versus those concerning the genuine economy. Financial economics concentrates hard on influences of real economic variables on fiscal ones, in opposition to pure finance.

Many of us looking for laptop finance also searched online for bad credit home financing, mortgage finance calculator, and even financing of the september 11 2001 attacks.

It is straightforward to get private finance tips, but implementing them is another story. There is a serious amount of information about how to put them into action too. Paying attention to tips from trusty sources can allow for virtually anyone to have the money health they need.

It is essential that you absolutely comprehend how it functions in order that you can use it responsibly. If you know that you may not have the discipline and you don not need to carry money around, you can go for a debit card. It works just like money and has a limit as to how much you can spend.

CLOSING REMARKS — Whether your direct search is laptop finance or other wells fargo auto financing, computer finance, statement to the house on terrorist financing, freewareinformation, this draft should have helped, right?

How Small business finance can help you

Of course, small business need small business finance, and the problem for small business is that where can they find small business finance? Since there are so many financial institutions out there that do small business finance, which one should you as a small business owner should choose to do your small business finance. And the answer is simple, you simply need to find your small business finance with noble solutions. And by reading this article at noble solutions, means you have interest in our problem at noble solutions. We noble solutions are specialist in small business finance, and if your small business happens to have any kinds of financial problems in any ways, noble solutions really does have the solutions to your problem, we can help your small business finance, and get everything back on track, and you would not need to worry anymore, all you need to do when your small business is in trouble is to sit back and relax, not worrying about the finance. And let us the experts do the small business finance for you.

Noble solutions is a professional financial institution working as a dedicated team who specialise in providing operating leases, equipment finance, chattel mortgages and rental options for any depreciable asset for business purposes or asset finance. We are highly experienced in lending and small business finance, but not limited to trailer finance, fleet financing, forklift finance, office equipment finance, earthmoving equipment finance, coffee machine finance, photocopier finance, truck finance, vending machine finance, VOIP phone finance, fit out finance, car loans and surprisingly home loans, a one stop shop of sorts for the business owner, or another small little things you can think of, but hey, it is small business finance we are talking about, so it should not be that surprising when we are talking about such small things, are we? It is small business finance after all.

We have years and years of experience in the small business finance industry, so you can go into our noble solutions office and we can therefore offer an extremely professional approach to your small business finance application in an effortless process, so that the next step that you would want to do is simply taking delivery of the equipment you need in order to grow your business. Small business finance will work with you to obtain the best financial solution that will allow you to continue to grow your business and improve your cash flow.

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Tags: Business, Finance, Help, Small

Wednesday, September 14th, 2011 Finance Comments Off

Difficult Church Loan and Business Finance Solutions

Church loans often suffer from several problems, and as a result specialized business finance strategies are required. Typical church financing will involve multiple difficulties.

Church loans are probably the most difficult form of commercial financing to successfully close. Churches are an integral part of local communities, so it is necessary to improve church financing solutions. In almost all cases financing will require a very specialized commercial real estate loan that is typically not widely available.

Churches are not typical commercial enterprises but they do have substantial business financing requirements. This article will offer an overview of four key church loan financing difficulties and a listing of six practical church financing strategies.

Four Major Church Financing and Business Finance Difficulties -

Before addressing possible solutions for the most common church loan needs, it is important to discuss the typical barriers to obtaining appropriate financing. Historically church financing has been difficult to arrange for several reasons:

(1) Church Loan Obstacle Number One: Church properties are unique. Lenders are therefore concerned that if commercial loan payments are not made in a timely manner and the lender is required to assume ownership of the property, it will be very difficult to find a new owner because of the unique property features.

(2) Church Financing Difficulty Number Two: Commercial lenders usually require individual guarantors for church financing, and this is inappropriate for a church loan. The financial structure of churches simply does not lend itself to a traditional lender/guarantor approach. Many commercial lenders are not comfortable with the potential lack of individual guarantors because of the difficulty of reselling the church property if negative financial circumstances occur in the future.

It is unfortunately very common for church financing to have been secured only after church members have authorized an individual guarantee for church financing. The need for individual guarantors acts as a serious barrier first because church members might be unwilling to do so and second because there might not be individuals who have enough financial resources to provide an individual guarantee for larger church financing needs.

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(3) Church Financing Difficulty Number Three: When church financing is obtained, there are frequently unacceptable business finance terms such as very small loans, low loan-to-value (LTV) of 50% to 60%, short-term loans and high interest rates. These onerous terms are tantamount to the church loan being declined, and if the terms are accepted, the church is likely to experience continuing financial difficulties due to unrealistic commercial mortgage requirements.

(4) Church Financing Difficulty Number Four: Construction, renovation and land acquisition are even more difficult for churches to finance than purchases or refinancing. As a result, needed repairs are often postponed indefinitely and new churches frequently take many years to become a reality.

Six Practical Church Loan and Commercial Mortgage Solutions -

There are common-sense financing solutions for the church loan issues described above. Here is an overview of church financing that is now available from some non-traditional lenders:

(1) Church Loan Financing Approach Number One: Non-Recourse Loans (instead of guarantors). As noted above, the willingness to forego traditional guarantors does require a non-traditional lender. With this church financing approach, church lending will not depend on individual guarantors.

(2) Church Loan Solution Number Two: Long-term business loans. Church financing will be much more successful when it is long-term instead of short-term (payments will be reduced dramatically).

(3) Church Loan Solution Number Three: Low interest rates (usually a maximum of prime plus 1-2%). In reality many churches have been taken advantage of and charged excessive interest rates because lenders perceived that they did not have any other realistic options.

With payments limited to prime plus 1-2% or less, church financing payments will be noticeably reduced. In combination with longer-term loans, the overall payment reduction will make a significant contribution to church cash flow improvements.

(4) Church Loan Solution Number Four: Church loan financing minimum of 0,000. This allows churches to complete most financing in one step rather than piecemeal over a period of years.

(5) Church Loan Solution Number Five: Higher LTV (75%-90% is possible). This results in a more workable amount of 10% to 25% (rather than 40% to 50% with traditional church financing) for the down payment or non-financed portion in refinancing.

(6) Church Loan Solution Number Six: Church financing can now include new construction, renovation, land acquisition, purchase and refinancing. Due to flexible church loan financing, it is not necessary for any of these important church loan activities to be postponed.

Collectively the six church financing solutions described above should benefit a large number of churches by allowing refinancing with much better financial terms and by facilitating the construction of new churches on an accelerated timetable. The six church loan financing approaches should result in financial covenants that will contribute to the long-term financial profile of prudent churches which adhere to the church financing approaches suggested.

Regardless of the practical business finance and commercial mortgage strategies that have been described above, it is appropriate to emphasize that arranging appropriate church financing will almost always be difficult. Due to the specialized nature of a church loan, unavoidable complications with the commercial real estate financing should be anticipated. As a result, prudent church borrowers should attempt to acquire a better understanding of these complex business loan issues.

Tags: Business, Church, Difficult, Finance, Loan, Solutions

Tuesday, September 13th, 2011 Finance Comments Off

Benefits of technology financing

Whether you are a CIO

think a switch from Sun to IBM or a manager of debate on how to upgrade your entire server platform, one thing remains the same: You probably have an eye on your win efficiency and the other eye on your budget. Fortunately, there
financing options available to you to break technology acquisitions by large monthly payments affordable.
The Equipment Leasing and Finance Association (ELFA) estimates that eight out of ten U.S. businesses lease at least some units, but few people know is how the flexible financing options available almostany type of technical equipment, including software, services and training.
equipment financing is a popular way to maximize your purchasing power, especially because it will be Acosta-effectiveness for the latest equipment without great expenditure of money.
Funding also allows you not to shield the effects of these devices, a real problem for anyone with any type of technology assets. . It is easy to add the latest version of your lease, so you do not have to worry about working with outdated equipment

amount of benefits Other benefits recognized include technology equipment financing
• reducing the tax burden – The IRS is not as certain leases, for example, a purchase, but a tax deductible expense. Therefore, you may be able to deduct lease payments from your business income.
• 100 percent financing – some will need funding for very little money – maybe only the payment of the first and last months are due to the acquisition.
• immediate write-off of the dollar – Some financing options, payments can be considered as expenses for a company to profit and loss statement, so equipment should not be on the life of the Equipment Flexibility – As your business grows and your needs change, offer more flexible financing opportunities for businesses to add or upgrade equipment during the contract period.
• Asset Management – Finance proposes the use of technology equipment for certain periods of time at fixed payments. With some financing structures, supports the financing of businesses and manages the obsolescence risk of equipment ownership. At the end of the financial situation, the finance company is responsible for the disposal of assets.
But this is just the tip of the iceberg when it comes to reasons for the funding of technological equipment. Some of the other recognized benefits of funding are:
• Improved technology – equipment that is updated frequently, such as software, should be funded to minimize your risk, stuck with obsolete equipment. It is easy to add the latest version of your lease, for example, so that you do not have to worry about working with outdated equipment
• Speed -. Some financing options allow quickly to new opportunities for minimal documentation and red tape. Most dealers work with a finance company, the hours may approve applications in the canton
• Improved cash flow -. Several structures are able to fund in a lower monthly payment, if a standard loan lead in the comparison. In addition, some finance companies offer seasonal payments to meet an organization’s customers.
• Easy-funding process and the documentation is simple and easy to understand.

Too Finance Services training, support and other services are crucial for the successful implementation of technology, but they are some of the most overlooked costs associated with technology acquisition . For this reason, Somerset Capital Group, Ltd. is a financial program for the costs of training services and corporate design.
Often everyone involved to buy into a technology that allows software on bundled services and the formation of a predictable monthly rate, making it easy to budget for all costs associated with technology acquisition.
With financing, one size does not fit all
Another important advantage is that there is funding a variety of flexible financing products to meet your individual business needs. Many financial options may be suitable for year, month, adjusted cash flow needs months or years. Custom arrangements can be designed to requirements such as cash flow, budget, transaction structure, cyclical fluctuations and mail. Some financing options even allow the customer to one or more payments without penalty can not escape.
If you want to buy a technology that could be outdated or obsolete, or if you are worried themselves the flexibility to respond quickly and easily to new opportunities that call for additional software, chances are a financing option for you. Even if your company has cash for a major technology acquisition, there may be a financing option available that will allow the use of working capital would have to do.
Like any business decision, it is important to do your research before deciding what type of financing solution makes the most sense for you. Get Funding Today

Since funding is an important part of using the software on your work in Excel, USXL is a variety of flexible financing options available. The application is easy, you may be eligible for funding by the end of the day.

Tags: Benefits, Financing, Technology

Sunday, September 11th, 2011 Finance Comments Off

Funeral Home Loans and Golf Course Financing

Golf course loans and funeral home financing provide a particularly challenging set of circumstances for both refinancing and purchases. For most small business loan programs involving specialized properties like funeral homes and golf courses, the prevailing chaotic bank lending climate has made a bad situation even worse. These specialized businesses are among the most difficult small business finance situations for commercial borrowers.

Buying or refinancing a golf course or funeral home is usually difficult to finalize. Funeral home financing and golf course financing involve problems not found in most commercial loan situations. Refinancing for both of these business categories is likely to be more complicated than the original business financing for purchase.

Fewer Business Lenders – Golf Course and Funeral Home Financing

As a further complication for a difficult business loan for a golf course or funeral home, fewer business lenders are currently willing to offer competitive small business finance terms. There has recently been a noticeable shrinkage in regional and local banks which offer commercial mortgage programs for golf course loans and funeral home loans.

Buy a Business – Business Opportunity Financing

Business financing to buy a business opportunity is a special commercial loan variation in which commercial property is not purchased. In such a situation, the buildings and land are typically subject to a long-term lease. Similar to a conventional mortgage to buy a golf course or funeral home, competitive business opportunity financing is not easy to find.

Avoiding Problematic Commercial Mortgage Terms

Some regional and local banks will probably offer short-term business financing instead of a long-term business loan for golf course financing and funeral home financing. Another key term that can vary significantly is the percentage of value for the commercial financing. It is of critical importance to avoid undesirable commercial loan terms, especially commercial mortgage loan conditions involving length of loan and percentage of value when buying or refinancing a funeral home or golf course business.

Stated Income Business Financing Difficulties

Stated income small business loans (involving minimal or no income verification for the borrower) are not widely available for commercial real estate financing in the current restrictive lending conditions. The use of stated income business financing is not recommended for a funeral home loan or golf course loan, even though a stated income commercial loan has a certain number of benefits when available. A major limitation of a stated income commercial mortgage is the maximum amount which can be financed. A further limitation is the low percentage of value for stated income commercial financing involving either golf course financing or funeral home financing. In other words, a stated income approach to financing funeral homes and golf courses is not recommended even if it were an option.

When Commercial Real Estate Loan Value is Less Than Business Value

For golf course loans and funeral home loans, the commercial real estate loan value is often less than the business value. This is particularly true with a funeral home appraisal. The problem with this disparity is that many business lenders will provide a business loan that includes only the commercial mortgage loan value, and this will produce significantly reduced business financing.

Exorbitant Commercial Loan Fees for Funeral Home and Golf Course Financing

Business owners should be prepared for reasonable business financing fees during the beginning of the business loan process for golf course financing and funeral home financing. Several lenders are taking advantage of the shortage of commercial loan choices for building, purchasing and refinancing a golf course or funeral home. A common tactic is to charge excessive fees of ,000 and more even if the commercial financing is not finished.

Fewer Commercial Lender Options for Funeral Home Loans and Golf Course Loans

As already noted, the availability of suitable lenders for this specialized type of business loan is shrinking. A viable commercial mortgage for funeral home financing or golf course financing will depend upon a prudent choice involving the lender. It is critical to select a lender with the ability to successfully complete the complex business loan process and at the same time avoid the commercial mortgage obstacles described earlier. It is important for a borrower seeking to buy a golf course or funeral home to be prepared in advance for the limited number of acceptable business financing lenders.

One Solution – Business Consulting and Small Business Finance Experts

In complex commercial loan and SBA business loan financing, the use of a small business finance consulting expert should be conducive to a better understanding of difficulties to anticipate. Since funeral home loans and golf course loans are among the more difficult commercial financing situations that a commercial borrower is likely to encounter, the use of preliminary business consulting should be helpful in obtaining better terms and avoiding serious problems.

Tags: Course, Financing, Funeral, Golf, Home, Loans

Saturday, September 10th, 2011 Finance Comments Off

Soft Play Finance

How to Secure Asset Finance for Soft Play Centres

When setting up your new Soft Play Centre, you are likely to require some form of funding in addition to your own personal investment into your venture. There are several ways to secure such funding and you will need to research each possibility to understand which is right for you and your business.

This document provides an overview of the principles behind Asset Financing, (only one of the funding methods available to soft play centres), so that you can be better informed to decide if this particular type of funding can be useful for you in your new venture.

It has been written by Alex Read, owner of Portman Asset Finance, a specialist finance provider in the soft play market.

Soft Play Finance

The current credit crunch has severely impacted all new start businesses looking for finance. Businesses considered to operate in a niche market such as soft play centres are finding it particularly difficult to source funding. Everyone is acutely aware that traditional high street funding is less and less readily available and thus more difficult to obtain cost effectively for new start businesses.

In this climate it can often be useful to speak to more specialised finance providers who have a thorough understanding of how soft play centres operate and are ideally positioned to help fund these new businesses.

However, asset finance is not suitable for every soft play centre it is important to understand some of the key principles behind it before you decide whether it is the right route for you.

Over Borrowing

One overriding principle is the importance of not over-borrowing to start your business. You must ensure you are not borrowing more than your business can afford. Many new soft play operators get caught up in the excitement of opening their new play centre and lose track of the figures. If you make a significant personal investment into your business and limit your business borrowings you’ll give your business the best possible chance of success.

Type of Finance Available

Soft play equipment finance is most typically arranged in the form of fixed or minimum period lease agreements. Lease payments are fixed i.e. they don’t go up or down and are easy to budget i.e. you know exactly how much is coming out of your account every month. In addition, a percentage of lease payments can be offset against corporation tax to reduce the amount of tax payable by your company.

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There are other ways of financing equipment for your soft play business. Finance can be arranged in the form of a Hire Purchase (HP) agreement or a more traditional bank loan. The key difference between leasing and bank loan finance is the security required. A high street bank providing a loan will often require additional security in the form of a charge over a property whilst the equipment is usually the sole security in a lease agreement.

Some lease finance providers are now taking additional security i.e. first or second charges over property in addition to securing their finance against the soft play equipment. This is a direct result of the current economic climate and finance providers are now looking to secure their lending as tightly as possible.

Period of Agreement

Finance can typically be arranged over any period between 2 – 5 years although it is possible to arrange finance over 7 years if required.
It is sensible to take finance over a period that is affordable. Here it is vital that you produce accurate cash flow forecasts that incorporate your finance payments. If your business is under financial pressure from day one, it will be difficult to recover in the longer term. It is often worth reducing your predicted revenues in your business plan by approximately 25% to double check you can afford the repayments and cover every eventuality.

The general consensus is that the length of your finance agreement should mirror the useful life of your equipment. If you think your soft play equipment will last you 5 years, then you should look to finance it over a 5 year period. You do not want to be paying finance payments for equipment you have subsequently replaced!

You must also consider that longer finance periods mean more interest to repay. It is a good idea to choose a period that your business can afford without spreading repayments over too long a term.

Criteria

Tenants i.e. non-home owners will not be able to secure funding unless they can arrange a suitable home-owning guarantor. The best option here is to speak to your finance provider who will advise you of the implications.

Most finance companies credit criteria are based on common sense; no one lends to people with current or recent mortgage arrears even if they have been brought up to date. Providers are also very cautious about unsatisfied Count Court Judgements (CCJS) and Directors who have declared themselves bankrupt in the past.

Generally you should either have experience in the leisure industry or at the very least, fully researched your new soft play centre business. A comprehensive business plan is a good indicator of someone’s personal investment of time into their business.

It is important to be as honest as possible with your finance company as they all carry out rigorous finance checks on the Director(s) of new start businesses. If you have had credit problems in the past, it’s best to explain in detail the circumstances.

You must also have of invested personal money into the business. If you have invested none of your own money, a lender is unlikely to lend you any money. You must commit personally to the business.

Documentation required

Although more difficult in the current economic climate, specialist finance providers are still able to assist new start soft play centre owners. In order to gain a finance approval they will commonly ask for the following information: business plan, financial projections, personal net worth statements for the Directors and personal bank statements for the Directors.

The Directors personal bank statements must not include any unpaid items, as this is a poor indicator of a person’s attitude to finance. You must demonstrate you can manage your personal finances before anyone will lend you money for a business. A business plan must include all the common components i.e. SWOT analysis, Directors CVs, personal investment, analysis of chosen location for the soft play centre etc. Financial projections must cover a period of at least 3 years and be realistic. Lenders providing finance for soft play centres know exactly what is a realistic admission fee and this should be reflected in your planning.

Asset Finance is one of a number of options to consider when trying to obtain funding to start an Indoor Soft Play Centre. The above information should be used as a guideline for general use and for specific information you can contact Portman Asset Finance on 0844 800 88 25.

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