Who Acorn.finance are
Pubs need premises and if you want to own your premises instead of renting then you’re going to need a mortgage. We are experts in arranging mortgages to purchase or refinance your premises.
Business mortgages are different to residential mortgages, when most of us buy a house we’re reliant on our earnings to fund our mortgage payments, and with a pub, it’s all about the business. Therefore we are looking for evidence that the pub is going to be able to pay its mortgage, hopefully, that’s in the form of historic accounts but often we’re looking at projections, other businesses or “fair maintainable trade”.
One of our most important mortgage products for the pub trade, especially during these difficult times, is funding the freehold for a sitting tenant – where a pub company or private tenant has the opportunity to purchase the premises from their landlord. Back in the 1990s we worked with banks to agree to fund 90% + of the purchase price of the property and have been doing it ever since.
Other loans and funding
There are a variety of loans and other funding products for business needs from start-up businesses, to business growth, equipment, vehicles or emergency funding. In these situations all too often the big banks are unable to help here. Your Acorn.finance broker is an expert in the funding market and can apply that knowledge to your business needs, getting you the funding you need. If you would like to know more about these services, then please click HERE.