Yes. Some lenders place restrictions on the use of the funds they provide, however, ABF has a broad selection of funders and include several who will look at company takeovers, management buy-outs and management buy-ins.
No, however we have funders who will fund a business with a foreign parent company, as long as the borrowing business is based in the UK.
ABF features funders who provide debt-based funding only. Sorry, no equity funding at this time.
Yes, several of our panel of funders will consider start-up businesses. Generally this will be up to a u00a325,000 limit , however there are instances where more funds may be available as long as there are assets that may be used as security.
The ABF platform is free to use by SMEs researching their funding options. Using the ABF platform matches the SME business profile and requirement with the funder profile and product suitability. ABF then allows the SME to contact multiple funders to confirm whether they think that there would be a good match. As a result of a successful funding application, ABF may be paid a fee or commission by the funder. There is no use or transaction fee levied by ABF directly to any SME user.
No. Registration is required so that we can provide you with the most accurate match possible. Our algorithm compares your business profile and your requirement with the funder profiles and requirement match. This match can only be achieved with a registration on the platform.
You can always chat this through with one of our service team available on 0800 027 7065 or e-mail the team on firstname.lastname@example.org
By answering all of the questions you will be offered a selection of funders who best match your business profile.
After you have read some brief information you will be invited to review the funders matched with your business and select those who you feel might be best suited to your requirements. You can click on the little information icon to reveal more information about the individual funder and the type of finance they provide.
When you are happy with your selections click on the 'Make Enquiry' button. You can also group multiple funders together by using the 'shortlist' option - this allows you to make multiple enquiries with just one click! Funders who agree that you are a good match for their product will then be in contact with you directly. You can select as few or as many funders as you wish to contact. At this stage these contacts will NOT affect your credit profile - either you personally, or your business.
A director with a poor credit history, and 25% or greater shareholding in a business, may negatively affect a lending decision. It is always best to talk to funders about this at an early stage in your search for finance.
Directors who reside overseas may experience problems in obtaining business funding. Dual residency does not pose such an issue.
There are many funders represented on the ABF platform and a number of these funders offer multiple products. Each of these funders will have a differing business model and the products will have a variety of pricing models.
It is always advisable to discuss the pricing of any lending you may be considering at the earliest possible stage in the process. Many funders will have a 'menu of charges' that they will be happy to share with you.
A personal guarantee is an unsecured written promise from a business owner and/or business executive, guaranteeing payment on a finance agreement or facility in the event the business does not pay. Since it is unsecured, a personal guarantee is not tied to a specific asset. However, in the event of non-payment a lender can go after the guarantoru2019s personal assets.
At ABF we do not directly provide funding to businesses. The platform matches business owners with funders, providing a matching service that looks at the profile of the business, the profile of the funder and the suitability of the funding products offered.
ABF boasts funders on the platform who provide most forms of finance giving businesses access to a vast array of funding choices.
You may have already registered on the platform! If you think you may have previously registered, click on the 'log in' text top right on the homepage. You will find the normal log in prompts here, including a link to change your password if you can't remember it.
Alternatively you may find that you are using the post code look up for your registered address rather than your trading address.
Either way, remember that if you are still having issues registering you can always contact our service team at email@example.com or call the team on 0800 027 7065
Your journey through the ABF platform is completely safe. You will not be credit checked and both your personal and business credit profiles will not be affected. With ABF you remain in control of your credit profile throughout.
You can make multiple funder selections safe in the knowledge that these enquiries will not impact your ability to obtain credit in the future.
At the point you make a full application for finance with a funder your credit will be checked; however you remain in control of this process throughout.
For lending that is not secured directly against an asset, a personal guarantee will often be required. It is important to note that if you decide that you do not wish to give a personal guarantee it will significantly reduce the number of funders who will express an interest in reviewing you funding project, although ABF does feature funders who do not require a personal guarantee.
You will only ever be contacted by funders who you have explicitly given your permission to. You control the level and method of contact at all times.