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Ask the Expert - Commercial Finance

• What is the Government’s Recovery Loan Scheme?

  The Government’s Recovery Loan Scheme (RLS) was launched in April 2021 to help UK businesses access finance as they recover and grow following the COVID-19 pandemic. The scheme aimed to help businesses affected by coronavirus and was used for almost […] read more

• We are looking for a 100% LTV commercial mortgage for a factory unit that we want to buy for our company to move into. I have searched around and not found a mortgage company that offer a 100% commercial mortgage and most of them require a deposit of around 30% which we don’t have at the moment as all of our cash is tied up in stock which we need. I heard that you might be able to help us with sourcing a business loan to cover the 30% deposit which would enable us to complete the purchase. Our business has been going over 5years now and I am happy to provide company accounts or bank statements to show that we could afford the combined payment. Can you let me know if this is something you can help with and what the monthly payments would work out to.

  Thanks for your email and your question about 100% commercial mortgages. This is a common issue for companies who are asked to come up with sizeable deposits in order to purchase commercial properties. The banks who provide the mortgages normally […] read more

• Dear Pegasus. I wanted to find out whether you thought you could help my company arrange finance to purchase a couple of coaches for my tour business. The coaches I am looking are Iveco Beulas Stergo models both have 70 seats and are low mileage for their age which is about 15 years old. For their age they are in great condition, they have been regularly maintained and I don’t see the point in spending more on newer models when these can be purchased for around £20k each. However I have tried to get quotes for coach finance from other companies and I have been told that because of their age I can probably only finance them over a couple of years which is making the monthly payment quite high. We have also only been going a couple of years which also seems to be a problem for some of the coach finance lenders. I have been in the industry all my life and we have the opportunity of new contracts but clearly we need new coaches to satisfy demand! Can you help me with some advice please. James.

  Hi James. Thanks for you enquiry and it’s good to hear that business is going well. It sounds like your search for coach finance has been a little frustrating so far but I believe you have come to the right […] read more

• I am starting up a new business. Can you provide finance to purchase a new van for the business?

  Hi Sarah, Thanks for sending in a question about funding options for your new business. We are happy to provide finance for start up businesses, what type of business are you setting up? With regards to commercial loans for start […] read more

• I am a retailer of used plant machinery, based in the West Midlands. Can you provide plant machinery finance for my customers?

  Hi David, Thanks for contacting us about finance for used plant machinery you are selling. Pegasus Finance are regularly arranging used plant machinery finance, both secured and unsecured. You obviously recognise the benefits to offering your customers commercial finance options […] read more

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