January 18th, 2017. Luke Egan
How to Expand Your Business in 2017
2016 has finally drawn to a close and with a new year comes a new outlook. If you’re looking to capitalise on the success of the previous year and expand your premises, then we’ve compiled a few top tips assist you and your business in your venture.
When Expanding Your Current Location
If you’re looking to expand your business without physically moving to a second location, then refurbishing your current premises may be your happy medium.
Whether it’s the details in the fabric or a complete overhaul, it’s important to ensure that you have the funds available in order to complete the job with complete satisfaction.
Thankfully we offer renovation and refurbishment finance that aims to assist you in your expansion and allow you to make the changes you need without having to cut corners.
When Acquiring a Second Location
If your business has seen consistent growth over a number of years, then it may time to expand to a second location.
However, this can prove costly when taking in all of the overhead expenses into consideration. This may eat into your savings a considerable amount or leave you believing that a second location may not be a possibility after all.
In this case, a commercial mortgage may be of serious use to you and your business. We work with leading lenders in order to ensure that you get a great deal which fits perfectly with your expansion plans.
When Starting a New Venture
If you’re a new business owner, or experienced entrepreneur who’s looking to start something on the side, then permitted development finance is exactly what you need to get your ideas off the ground.
What Is It?
Permitted development was brought in by the Government in 2015 to allow property owners to use their building for certain areas of work without having to go through the process of applying for planning permission.
Expanding your business can be a huge financial and time commitment, however if your business has a strong financial foundation and a solid plan then there’s no reason to not assume success.
If you’d like to learn more about business opportunities and financial tips, take a look at a few of our blogs below.
Article By Luke Egan
January 18th, 2017
Luke heads up our specialist property finance team where his focus is to drive our transactions valued between £100k and £5m.
Luke and his team manage enquiries from initial enquiry through to redemption. Luke also sits on the internal credit committee with Ben and Tom.
Luke joined Pure back in 2014 following a successful role in the Barclays property finance team that lasted over 8 years.See more articles by Luke