- making it both significantly easier and faster for loans to be
processed for any purpose. Capital Hill claims to be able to speed up applications to complete within 4-8 weeks, compared with rival lenders that can take up to six months.
Director at Capital Hill, Dino Forte explains the dilemma for small business, "For too long small business have had little choice but to turn to their high street bank when looking for additional finance, whether it's for expansion, refurbishment or for addressing cash-flow problems. Because the banks effectively have a monopoly in this area, the quality of service given often cause frustration."
He continued, "Many businesses are simply refused loans because they do not have sufficient accounts information whilst those that pass the stringent conditions are faced with a long drawn out procedure that typically takes several months to release the funds. As with residential loans six years ago, we plan to shake up the market so that small business can benefit from more competitive and flexible offerings."
Capital Hill is one of the few commercial lenders that provides
'semi-status' mortgages at high street rates (typically between 3.75 and 6% APR depending on circumstances). Semi-status means companies who may not have a full set of accounts or have been subject to arrears or CCJs.
Funding can be approved for any purpose and no audited accounts or business plan is required.
Commercial mortgages are ideal for companies that own property (either commercial or residential) and need to raise capital quickly whether it is for purchasing, consolidating existing debts, refurbishment or expansion. Capital Hill is targeting all small businesses that require funding between 50K up to £1.5 million. Flexible terms are available with mortgages running from 10 up to 30 years.
Typical businesses include owner operators, sole traders or limited companies covering markets such as convenience stores, newsagents, pubs & winebars, B&Bs & Guesthouses, franchises, offices, restaurants and farms.
For further information call 0800 019 0374 or visit
www.capitalhillfinance.co.uk
