FAQs

Q) Why should I choose ABL Business for commercial finance?

A) We deal with many funders and the relationships we have with the different funding streams means that we can match you and the level of funding required with the correct funder for you. This saves time and gets you access to those all important funds sooner than you can expect.

Q) How important is marketing to my business?

A) Marketing creates opportunities to sell and develops your customer relationships so that they stay loyal and ultimately buy more. Done properly marketing adds value to your business by increasing awareness, communicating to customers new and old and keeping you one step ahead of the competition. Done badly it can at best annoy your customers and at worst it can totally put you out of business.

Q) What if there isn't a support package to fit my business needs?

A) The business support packages have been developed to give you an idea of the kind of fees we charge and what you will get for your money. However all packages are tailored to the specific needs of the business we are working with and we don't adopt a one size fits all approach. Get in touch to discuss what support you need…

Q) How do you manage to work with more than one business at a time?

A) Small businesses do not require full time commercial finance or marketing support. What they do require is an element of strategic planning up front and then the ongoing implementation of those plans. Our processes and support team ensure that we can work with many businesses the only thing we need to manage is our diaries. Take a look at out what our customers say if you are in doubt.

Q) When will I get the money/vehicle/facility in place?

A) This can vary due to underwriting assessment and whether we have to go various lenders.

Q) What interest rate will I pay on my vehicle?

A) Anything from 2.3% – 9/10% per annum dependent upon clear credit checks and full underwriting approval.

Q) What is the difference between Hire Purchase & Lease Finance?

A) Hire Purchase means that you have full ownership at the end of the agreement (subject to Option to Purchase Fee Circa. £100 being paid). Lease Finance gives full ownership to the Lessor at all times and does not provide an option to purchase fee, therefore the business never retains legal ownership of the asset.

Q) Are there any early redemption fees?

A) This can vary due to the lender, type of facility originally agreed and the time that has passed since the initial lend.

 

 
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