MARKETPLACE
LENDER APPETITE
Short-Term Lending
Lender appetite has shifted as traditional banks become more cautious in extending credit to SMEs due to economic uncertainty and rising interest rates. Many businesses now turn to alternative lenders, despite higher costs, as banks tighten criteria. The demand for flexible repayment options is growing amid concerns over widespread defaults.
THE LANDSCAPE
Post-Covid Funding Climate
The post-COVID environment has left many SMEs struggling with debt from government-backed loans taken during the pandemic. As financial pressures mount, businesses are calling for revised repayment terms to prevent insolvencies. Despite economic recovery efforts, accessing new financing remains challenging for many businesses.
MARKET INSIGHTS
2024
Small businesses face ongoing challenges, including inflation, rising energy costs, and supply chain disruptions. These factors are squeezing margins, reducing cash reserves, and hindering growth. The UK business landscape is also seeing younger companies emerge, reflecting high rates of both new incorporations and dissolutions.
National Association of Commercial Finance Brokers
Fairmont Consulting's partnership with the National Association of Commercial Finance Brokers (NACFB) reinforces our commitment to trust, professionalism, and integrity.
This alliance underscores our dedication to ethical conduct and transparency, giving you confidence that you’re working with a knowledgeable and trustworthy credit broker.
Creditsafe
As a leading global provider of business credit reports, Creditsafe allows us to offer comprehensive credit assessments, reducing risks and ensuring you have a clear understanding of the financial landscape.
Our partnership with Creditsafe enhances our ability to provide clients with accurate, real-time financial insights, helping you make informed decisions with confidence.
Why use Fairmont?
Brokering is an art; not a science. Although we have technology to assist us with credit controlled decisions, the business finance market is complex. We explore every suitable option for your business, drawing on our experience of 20+ years in the market.
Efficient, Transparent, Supportive.
Discover Our Lending Panel
Our lending panel comprises the majority, if not all, of the reputable lenders in the business finance market. With their swift and accurate services, we ensure your funding journey becomes a simple and effortless process.
Free, No-Obligation Consultation
Take advantage of a complimentary consultation by speaking with one of our business finance specialists. Rest assured, there is no obligation to accept any loan offers we may secure for you. The decision will always be in your hands, and we respect your preferences on how to proceed.
Fairmont One-Time Fee
Should you decide to proceed with one of our loan options, please note that we charge an administration fee. Our standard terms of business entail a 5% fee based on the loan amount. Typically, this fee is payable once you have received the funds.
Become Part of the Fairmont Family
Our fee is a one-time payment. Our approach is to support you from the beginning of your credit journey and continue working together on an ongoing basis, enabling you to access larger amounts in the future. This way, you won't be burdened with fees on larger loans.
Continuous Support
We provide credit monitoring free of charge and without leaving any footprints on your credit history. This allows us to notify you when loans are likely to be achievable, and you can always reach out to us for a free business health check. We are dedicated to supporting you throughout your financial journey.
Your business to us.
We understand that your business plays a crucial role in driving the economy, fostering innovation, creating jobs, and bolstering economic resilience. As small and medium-sized enterprises (SMEs) navigate the challenges of securing finance and adapting to the post-COVID landscape, we are committed to equipping you with clear options and valuable insights to help you thrive in today's complex market. Your success, both individually and collectively, is essential not just to us, but to the wider economy, as successful SMEs are the foundation of economic growth and stability.
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YOUR BUSINESS
Putting your business needs at the forefront, our team of business finance specialists will expertly navigate you through every step of the application process. They will conduct a thorough financial appraisal for each application and handle the submission to lenders on your behalf, significantly enhancing the likelihood of success during the underwriting stage. Should you have any queries, questions, or concerns, please feel free to reach out to us without hesitation. We are here to support you.
FINANCIAL EXPERTS
You can trust in our extensive 20 years of experience in the business finance sector, guaranteeing that your application will be handled promptly and with utmost professionalism. Our dedicated team of business finance specialists will work diligently to secure the appropriate financing while providing you with regular updates throughout the entire process. Your satisfaction and success are our top priorities.
FAIRFUNDS TECHNOLOGY
Through our collaboration with Creditsafe, we proudly introduce FairFunds Technology. This cutting-edge software enables us to conduct comprehensive and precise market comparisons swiftly. With our client-facing platform, you gain direct access to real-time market options, empowering you to explore and evaluate your choices firsthand. Rest assured, we are committed to providing you with a seamless and transparent experience.
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Loan Amount
£
I'd like to repay over
This quote has not taken into account your credit or affordability. Rates may increase or decrease depending on the overall risk profile determined by each lender. Get a full quote to see your live market options.
Total Interest Amount
£100.00
See How Your Quote Translates
0.08%
Yield / Interest as a % of Loan
Yield / Interest as a % of Loan
We'll search for your business loan option from our comprehensive panel of lenders for free
Your estimated repayment is
£180.14
No impact on your credit score
Your Loan Quote Summary (Including Fees)
Loan Amount
£1,000.00
Lender Fees
£50.00
Total Loan Amount
£1,050.00
Monthly Payment
£180.14
Loan Term
6 months
Annual Interest
10%
Monthly Interest
0.83%
Factor Rate:
1.08
Total Payable
£1,080.84
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