Commercial Finance Lawyers
Commercial Finance Solicitors
Attwells team of commercial finance solicitors are experts in providing advice to business owners who are considering taking out some commercial finance, whether it’s a commercial mortgage or a bridging loan.
What is Commercial Finance?
Commercial finance may be essential for some businesses that don’t have the cash to grow to the next level, whether you want to open new premises or need funding to expand your inventory or service offering.
Attwells commercial finance solicitors will talk you through your commercial finance options in plain English and can move quickly to help you secure the finance you need.
Commercial Mortgages
A commercial mortgage is designed for individuals and companies to purchase or remortgage a property to be used as their own business premises.
Whilst it is possible to rent a commercial property, it may not be suitable for your business for a variety of reasons, and many business owners want the security of owning their own premises.
Purchasing a commercial property is likely one of the biggest investments your business will make and it can be a more complex process than purchasing a home which is why we’d recommend speaking to one of our experienced commercial finance solicitors.
Business Loans
Whether you need short-term financing to purchase more inventory or long-term funding for new product development, a business loan may be right for you.
There are various things to consider when looking into business loans, however, like interest rates, length of term and whether you can afford to pay it back as well as paying staff and suppliers without borrowing more money.
Our commercial finance solicitors will help you look at your business loan options as well as your current cashflow to see which option is best for your circumstances.
Invoice Financing
If you have long payment terms, invoice financing could be a good option to bridge the financial gap before you get paid for the services or goods you’ve provided to a client.
This means you may be able to borrow a percentage of unpaid invoices that are owed to you, giving you quick access to funding when you need it most.
Like with all types of business loan, invoice financing isn’t guaranteed and it takes into consideration multiple factors, including how many debtors your business has and the financial strength of your debtors.
Our commercial finance solicitors can help explain invoice financing to you in more detail and look at your options.
SIPP Pension Investment
A SIPP is a self-invested personal pension platform that can hold commercial property.
A SIPP can buy UK non-residential property including offices, industrial, shops, restaurants, gyms, development land, care homes, and sports stadiums.
A SIPP cannot buy overseas property, residential property, or plant and machinery.
Choosing to invest in commercial property using a SIPP enables you to benefit from tax relief on your SIPP contributions, exemption from CGT when the property is sold and exemption from income tax on rental payments. SIPPs are also generally outside the investor’s estate for IHT purposes.
Attwells commercial finance solicitors are specialists in acting for all of the country’s leading SIPP providers. Attwells’ commercial property team buy, sell, mortgage and lease commercial properties for clients involving SIPPs.
Frequently Asked Questions
Do you work with lenders as well as borrowers?
Our commercial finance solicitors can work with lenders including banks and private lenders as well as borrowers like SMEs and startups.
Do you do compliance checks?
Our commercial finance solicitors are experts in compliance and due diligence so you can rest assured that whether you’re borrowing or lending money, all parties will go through the correct checks including anti-money laundering checks.
Can you draft lending agreements?
At Attwells, we can help private lenders draw up lending and loan agreements to ensure they are watertight and you are legally protected in the event of non-payment.
