Borrowers - Business Loans without Banks

Finding it hard or impossible to find funding: 'The Business Loan Network' has developed a way of bypassing high street banks allowing individuals, companies, pension funds and portfolio managers to make secured loans directly to companies.

Times have changed significantly in the the business finance world, banks trying to recover from the Credit Crunch are not lending as freely as they once did. You have probably found that it is so difficult to find the loan funding you require to develop your business. You may find: an unwillingness to lend, an increased level of security is asked of you, higher rates of interest along with increased fees may all make it impossible to gain the business funding you require. Banks no longer know their customers well and so they can't really understand your business needs or requirements, this means they will not understand how your business needs to grow or what the benefits would be if your business was to expand.

In the aforementioned circumstances it would make sence to consider 'The Business Loan Network' it is a serious alternative to high street banks, providing loans on attractive terms from serious private investors who are more likely to understand your business.
How it works
Private investors bid in an on-line auction to join a syndicate of lenders who wish lend to your company. At the end of a successful auction the bids with the lowest interest rates are selected and you receive an offer based on the average rate. If you believe that the offer is attractive to you then you accept the deal and we prepare and complete the paperwork.

Sponsors ensure Quality

The Business Loan Network's success as a serious alternative to banks depends on having a fair number of lenders attracted to the deals on offer. It is for this reason that we like to ensure a reputation for high quality and low risk. We maintain quality by only allowing a loan to be auctioned if it has the support of one of our accredited “Sponsors” who are traditional ‘relationship’ bank mangers.
Our Sponsors are experienced bank managers and they can offer a great amount of help and expertise. The Sponsor works on behalf you the borrower, they do not give the Lender any advice as to whether they should lend or not. The Sponsor works on behalf of the borrower to prepare a crucial, well informed information pack, which will then be made available to potential lenders. Sponsors can also advise on the security that shuld to be offered in order to obtain the finance.

The Sponsor's report help Lenders to assess the risks involved in lending. An auction outcome depends upon how many bids are attracted therefore a well written and informative report is more likely to result in a lower interest rate.
Sponsors establish their own reputation for quality and it is for this reason they will be very selective about the deals they back. A Sponsor with a good reputation will attract a larger following of Lenders and achieve a higher success rate.

Loans available

The Costs

There is a ‘listing fee’ of £450 for the opportunity to be featured on Thincats.com. If a loan is made the Sponsor will normally charge the Borrower a ‘success’ fee of between 2-6% of the loan amount.

Following a successful auction you will be offered the weighted average interest rate plus 1.5% of which 1% goes to BLN and 0.5% to the Sponsor in return for monitoring the loan.
There are normally no arrangement fees or legal costs unless there are complications associated with the security.

Find out more about the Business Loan Network - Enquire Online > Select Loans without banks service.

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Sterling Capital Reserve Ltd are Accredited Sponsors
of the Business Loan Network –  “Business Loans Without Banks” 

© 2011 Sterling Capital Reserve Ltd - Sterling Capital Reserve are members of the National Association of Business Finance Brokers

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