Helping Your Business
Access Funding
Access to finance can play an important role in helping businesses invest, grow and move forward with confidence. Whether you are purchasing equipment, improving cash flow or planning future expansion, securing the right funding can make a significant difference.
Getting Approved for Funding
Many lenders look closely at a company’s financial records before approving finance, which makes preparation an important part of the process. Here at MRM Accountants Ltd, we help businesses across Norwich, Cambridge and the wider East Anglian region prepare for finance and access suitable funding options.
Why is Financial Preparation Important?
Before applying for finance, it is essential that your financial records are accurate, up to date and clearly presented. Lenders want to see reliable financial information that demonstrates the stability and potential of the business. Strong financial preparation can significantly improve the chances of securing finance on favourable terms.
Our Asset & Business Financing Support
Our role is to help businesses become finance-ready and guide them through the funding process. Our support may include:
Funding & Finance Support
- Ensuring accounts are accurate and up to date
- Preparing financial information for lenders
- Supporting funding applications
- Working with finance partners to identify suitable funding options
- Helping businesses plan for future investment and growth
Making The Right
Funding Decisions
Different funding options can suit different stages of a business, which is why it is important to take the time to understand what is available. From asset finance for equipment purchases through to funding that supports cash flow or expansion, choosing the right option can make a significant difference. Each type of funding comes with its own structure, terms and implications, so selecting the most appropriate solution is an important part of the process.
Having professional guidance throughout this process helps ensure that the funding you secure is aligned with your business goals and financial position. By combining sound financial preparation with access to appropriate funding solutions, businesses are better positioned to secure finance when they need it.
Asset Funding to Support Your Business
For many business owners, timing is everything. Having access to funding at the right time can make a significant difference, particularly when managing cash flow or planning ahead. At MRM Accountants Ltd, we work in partnership with Swoop Funding to help businesses secure the funding they need. This partnership opens the door to a network of over 1,000 banks, institutional lenders and fintech providers, along with guidance throughout the process to help identify the most suitable route forward.
Below are some of the funding options that may be available to your business:
- Secured business loan: The borrower must provide a guarantee or collateral to protect the lender.
- Unsecured business loan: No collateral required. The loan amount and interest rate are based on the borrower’s credit score.
- Merchant cash advance: Short-term borrowing to cover everyday expenses. Suitable for businesses that take card payments from customers.
- Small business loan: Loans for businesses with fewer than 50 employees and a turnover of less than £2m.
- Invoice finance: Funds are lent against the value of the borrower’s accounts receivable.
- Startup loan: Seed cash to get a new business off the ground. Government funds may be available for this type of loan.
- Franchise finance: Loans to start a new franchise business or expand an existing one.
- VAT loans: Funds to help businesses pay their VAT bill while they wait for customers to pay outstanding invoices.
- Revolving credit facility: Much like a bank overdraft. The borrower can dip into an open credit facility as and when funds are needed.
- Business credit cards: Credit cards for business use only. Often with higher credit limits and lower interest rates.
- Asset finance: Large loans usually used to buy plants, machinery, and commercial property.
- Car finance: Funds to buy a car or fleet of cars for business use.
- Van finance: Funds to buy a van or fleet of vans for business use.
- Ecommerce finance: Funds to power online businesses.
- Working capital loans: Loans that pay everyday business expenses.
- Refinancing & debt consolidation: Combines multiple loans into one, potentially saving on interest, admin fees, and other costs.
- Management buyout finance: The purchase of all or part of a company by its existing management team.
- SaaS finance: Capital for growth that can be repaid in line with a Software as a Service companies’ future sales.
- Mezzanine finance: Often associated with acquisitions and buyouts, this is a hybrid business loan.
- Commercial mortgage: Loans to purchase or refinance a property your business trades from.
- Grant advances: Eligibility to get a loan to receive awarded grant funds quicker.
- Short-term business loans: Need a small amount of cash fast? Take a short-term loan and support your working capital.
- Innovation grants: Provided by funding bodies such as Innovate UK to support growth and research.
- R&D tax credits: Cash payments from the government to encourage science or technology research and development.
- Local Enterprise Partnerships (LEPs): Partnerships between local authorities and businesses that provide funding and support.
- Equity finance: For expansion plans or projects that lenders aren’t willing to support, or if you want to avoid loan payments.
Get in touch
No two businesses are the same, which is why taking the time to understand your options is important. With the right support, funding can be used as a tool to strengthen your business, drive growth and help you move forward with confidence.
If you would like to explore whether your business qualifies for R&D tax credits or access funding to support your plans, please call MRM Accountants Ltd today on 01603 972167 or use the Apply Now option to get started.