Your business is successful, but now your ready to take it to next level and begin accepting credit card transactions, or you have already taken this step but your feeling that your merchant account provider has high fees and your not sure what to do, or what other providers are out there?

You can save hundred's even thousand's of dollars per year by switching over to a new merchant. How is this so?

Just in transaction fees alone if one provider is charging you 35 cents per transaction and another Merchant account provider charges 25 cents you are already saving 10 cents per transaction.

In past, it tended to be only larger organisations with a proven track record who could obtain commercial mortgages. A large number of younger/smaller businesses were unable to obtain this type of commercial finance and, as a result, many businesses have been forced to rely on expensive short term finance or left to use their owners' residential property as security.

Fortunately, this gap in market is now being targeted by specialist commercial lenders who are willing to serve commercial mortgage needs of SMEs and owner-managed businesses.

The problem

In past, it has been difficult for small business borrowers, self-employed traders, and partnerships to raise commercial mortgage finance. This is because:

• Institutional lenders have focused on larger, corporate lending secured on tenant covenant of investment properties. This sector is seen as being low risk and so has become a favourite of many traditional lenders.
• The lending criteria of many mainstream commercial lenders disqualify applicants who do not have three years' audited account, those without business plans, or those with a less than perfect credit history. As UK workforce migrates more towards self-employment, greater flexibility is required from lenders to assess each case on its individual merits. Until recently, this flexibility has been hard to find. Similarly, in past, requirement for three years' accounts has been a barrier to new or young businesses.