business loan solutions - white oak uk...we believe there is a better way to get a business loan....
TRANSCRIPT
We believe there is a better way to get a business loan. We’ve eliminated red tape to give you fast, convenient
loans that make money work for your business.
Business Loan Solutions02.
03. Short Term Business Loan
05. Business Development Loan
06. New Interest Only Option
07. Compare White Oak UK Finance Solutions
08. Benefits Of Financing
Why Choose White Oak UK?10.
Frequently Asked Questions11.
CONTENTS
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MAKE MONEYWORK FORYOUR BUSINESS.
For Britain’s smaller businesses, asking their bank for money is an experience they’d rather not repeat. If you’re running a small business, dealing with a bank can be a frustrating experience. Even though the money is useful, it can feel like the pain outweighs the gain.
That’s why smaller businesses apply for funding less often than they should. And why some don’t apply at all. No wonder British business is underfunded by a whopping £35 billion.
But just think what you could achieve if you had the right support.
Our Business Loan productsAt White Oak UK we make finance easy and uncomplicated for our customers.
Our innovative development loans could give you additional funds to grow your business through acquisition, marketing or simply buying extra stock. Or you could reduce the hit of recurring costs – anything from Corporation Tax and software licenses to insurance and VAT bills.
BUSINESS LOANSOLUTIONS
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“Could not have been happier. Banks as usual were a nightmare - took
over six weeks to eventually refuse for vague reasons unexplained.
White Oak UK were professional, helpful, friendly, and best of all, fast.”
Karen Reyburn, Director - The Profitable Firm
SHORT-TERM BUSINESS LOAN
Our short-term business loans help you to cover specific business purposes and enable essential costs to be spread over a 3 to 12 month term.
At White Oak UK we will consider a broad range of business requirements for our short-term loan; which will be evidenced on an invoice or statement supplied by you.
LOAN PURPOSES
VAT FundingOur VAT loan enables your business to spread the cost of VAT liabilities over 3 months.
Funds can be released to your business or paid directly to the HMRC to cover your liability.
Corporation & Schedule D Tax FundingWe have been providing Tax loans to small businesses for over 30 years.
Our loan facilities can cover the payment for businesses and self-employed professionals and can be spread over 6, 9, 10 or 12 months*.
Insurance Premiums Insurance is a mandatory requirement for smaller businesses, whatever the type of insurance, it can be one of the largest costs to business.
We can help you spread the cost of business related insurance over the period of cover.
Marketing, Advertising and RecruitmentWe can finance the critical costs incurred for business growth and brand awareness.
Examples include website development, paid advertising campaigns and also recruitment fees with repayments spread over 12 months.
* 12 months applicable to Schedule D Tax Payments only
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Stock FundingOur stock finance facility enables businesses to acquire stock or alternatively release valuable capital against the inventory value.
Stock funding is available for terms up to 12 months and can assist businesses looking to release valuable capital tied up in stock to invest in other business growth areas.
Subscription FundingWhy not spread the cost of annual fees such as document exchange solutions, software subscriptions or regulatory and trade association memberships?
Providing the subscription is invoiced to the business and is of business benefit we can finance the cost of the subscription over the period.
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“We have used White Oak UK for some years and their service has
become so incredibly efficient that from my request for funding to them
until drawdown took about 48 hours - unbelievably good. They are very
professional and I would certainly recommend them.” Michael Segen, Senior Partner - SBP Law
Our Business Development Loan helps smaller businesses drive growth and finance development. It can help your business raise the capital required to cover a range of costs over a loan period between 12 months and 5 years*.
We consider a variety of business development requirements, from marketing and recruitment, to refurbishment and other essential investment for growth. It is a way of combining these ‘soft costs’ into one manageable repayment that can be drawn down in-line with your needs.
LOAN PURPOSES
Our Business Development Loan has been developed for your requirements and continues to evolve with the needs of our customers. We view each requirement on its ownmerits and cover the finance for areas, including, but not exclusive to:
• Equipment • Acquisitions• Debtors• Stock• Cash Flow• Furniture & Refurbishments• Capital Gains Tax Payments• Marketing & Advertising• Recruitment
*Currently only professional practices qualify for our maximum term of 5 years. All other businesses qualify for loans up to a maximum term of 3 years.
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BUSINESS DEVELOPMENT LOAN
Professional Services Business LoansOur experience of dealing with the professional services sector over the last 30 years has provided us with the knowledge to support Solicitors, Barristers, Accountants, Architects, Dentists, Opticians, Pharmacies, Chiropractors and Veterinary practices with a range of finance requirements including:
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• ICT & Medical Equipment• Partner/Member Buy In & Outs• Practice Acquisitions• Furniture & Refurbishments• Aged Debt & Debtors• Capital Gains Tax Payments• Disbursements & Case Acquisitions• Block Fee Purchases• Professional Indemnity• Marketing & Advertising• Recruitment
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OUR NEW INTEREST ONLY OPTION…A new short-term option, an interest only loan enables costs to be spread over a 3 month period. This is an injection of money into your business cash flow, requiring only interest to be repaid at the end of months one and two. This is then followed by a final repayment of interest along with the full balance.
- Our first ever ‘interest only’ unsecured loan - Can be used for a wide range of business requirements - Ideal if you’re awaiting a large payment that you would like to use immediately
*You will be required to pay a Document Fee along with the first month’s interest.
COMPARE WHITE OAK UK FINANCE SOLUTIONS
Whatever you require finance for; White Oak UK has the financial solutions to meet your needs:
Purpose Short-Term Loan BusinessDevelopment Loan
Finance Lease/Hire Purchase
Annual Subscriptions ü
General Equipment Purchases ü ü
Furniture and Fittings ü
EPOS ü ü
IT and Telecoms ü
Software Licenses ü
VAT Payments ü
Tax Payments(Corporation & Income) ü
Refurbishments ü ü
Building Renovations ü
Stock Purchases ü
Cash Flow ü
Business Acquisitions ü
Debtor Relief ü
Relocation Costs ü
Training Costs ü
Delivery Service Fees ü
Marketing and Advertising ü
Office Insurance Premiums ü
Research and Development ü
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Flexible• Payment terms can be tailored to meet your cash flow requirements• Allows for equipment upgrades• Increased cash flow flexibility• Can include hardware, software, training, installation and support services• Ability to provide Lease & Loan facilities to cover large projects
Easier Budgeting• Makes budgeting and forecasting easy with fixed payments• You’re not subject to fluctuations in interest rates • The real cost of acquisition reduces as inflation rises
Tax Efficient • Leasing and Business Loans are Tax deductible, reducing the net cost of
obtaining the equipment*
Conserve Working Capital• Helps to reduce initial cost outlay• Allows your capital to be invested in other growth areas
Maximise Budget• Get what you want, when you want it, spreading the cost to make your budget
work harder
Convenient• Easily manages supplier payment terms and administration requirements• Payments are made by Direct Debit removing the need to settle invoices• Funding can be released by FasterPayment (1 day)
Outstanding Service• Quick and simple to arrange – decisions in as little as 4 hours• E-sign documents for desktop and mobile devices• Faster payment technology for rapid payment release• A dedicated White Oak UK Account Manager
* For further information surrounding taxation, please consult your Accountant
BENEFITS OF FINANCING
When you choose to finance through White Oak UK, you will enjoy many valuable benefits.
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WHY CHOOSE WHITE OAK UK?
We’ve been helping people make money work for their businesses for over 30 years. As the UK’s largest independent provider of finance solutions for smaller business, we deliver excellence to our customers through our high levels of service and our no-nonsense approach to funding. As both a funder and a broker, we are able to deliver the most appropriate funding solutions available.
We’ve eliminated red tape from our own business, and we pass the benefits on to you. You’ll always speak to the same person, who will get to know you and your needs. And, because we’re not burdened by unnecessary paperwork or processes, we’re able to treat you as an intelligent human being. Not just a tick box on a form.
That’s why White Oak UK brings money into your business, not bureaucracy.
We’re proud of our 4.9 star rating, reflecting our commitment to service and customer satisfaction.
As business loan specialists our aim is to maintain consistentlyhigh levels of service for our customers and partners through technology and a personal approach.
EXPERIENCE
MODERN FUNDING
EXCELLENCEIN SERVICE
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4.9The UK's no.1 non-bank business lender on Feefo
What finance options are available to you?You can choose a Short-Term Business Loan or a longer termBusiness Development Loan to finance marketing, acquisitions, refurbishment or tax payments.
What can a Business Loan be used for?Depending on the type of loan, you can use it for many purposes. Some of the most popular are set out in the table below – but if you don’t see what you need, give us a call and we’ll be happy to discuss your requirements.
Why would I not use cash?Capital is a valuable asset itself in a business. By using finance, you can have a minimal impact on cash flow, as well as accelerating the return on investment quickly. So you can hold onto your valuable capital and invest it in other areas of growth (such as acquisitions, increasing sales heads, training etc.).
Isn’t my bank the best source of finance?Bank finance plays an important role in business growth, but for many businesses it is difficult to access, and the options on offer may not match the flexibility of a business finance company. That’s why many businesses looking for rapid solutions to business finance are looking outside of traditional financing options.
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FAQ QUESTION & ANSWER
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Does business trading performance limit options to finance? We pride ourselves on providing access to finance for all business stages and performance, whether a new start, well established, or small or large company. We primarily review the credit history of your business and its financial performance.
However, ultimately our aim is to provide finance by simply matching the risk vs. return on capital, this way we hold excellent acceptance rates and help more and more businesses to grow rather than turning them away.
How long does it take to arrange finance through White Oak UK?That depends on the amount of finance being applied for. But we have cut all unnecessary red tape out of the process, and it’s possible to complete a full transaction from proposal to signed documents and pay-out within one working day.
How can I discuss finance or obtain a quotation?You can obtain information about how a business loan can help you by speaking with us directly. We can provide you with a quotation or alternatively, you can learn more about our facilities via our website on www.whiteoakuk.com
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We’re very proud of our 4.9 star rating, reflecting our
commitment to service and customer satisfaction.
White Oak UK is a trading style of LDF Operations Limited (Reg No: 02029122), LDF Finance No.1 Limited (Reg No: 04893877), LDF Finance No.2 Limited (Reg No: 08822802) and
LDF Finance No.3 Limited (Reg No: 08822799), incorporated in England & Wales and having Registered Office at Dee House, St David’s Park, Ewloe, Flintshire, CH5 3XF. LDF
Ops Limited (Reg No: SC198910), incorporated in Scotland and having its Registered Office at Sixth Floor, 58 Waterloo Street, Glasgow, G2 7DA. Authorised and regulated by
the Financial Conduct Authority for credit-related regulated activities (including hiring).
CONTACT
White Oak UK0330 311 1821
www.whiteoakuk.com