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  • Views from the flipside
  • Selecting the right business finance for growth

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Views from the flipside

Whilst bank finance plays an important role in business growth, access to finance remains an area of difficulty for some. 

Additionally, the variety of available facilities may not always match that of your business. In fast moving sectors facilities provided outside of traditional banking options are often the better option, as more and more SMEs are realising. Between 2012 and 2014 finance by small businesses from non-bank funding rose from £267m to £1.74bn according to Nesta.

But what are the options available and what is the best type of finance for your business?

Asset Finance

Asset financing of equipment is ever increasing and in demand. Typically business critical assets are rapidly depreciating; therefore many businesses will seek to spread the cost of acquisition over the expected life of the asset via leasing. 

Asset finance without the red tape

Preserving capital for operational costs, purchasing stock, identifying new products and business opportunities that may arise are key drivers of growth in the sector and make the benefits of asset finance clear.

Asset finance will assist you in obtaining a wide range of equipment requirements and helps you to spread the cost of investment. Wholly or largely secured on the assets being financed, the need for large deposits is reduced, giving you the flexibility to replace or upgrade equipment at any time.

Business Loans

Whether your business is looking for additional capital or ways of spreading capital expenditures, recurring costs (such as Corporation Tax, VAT, Insurance) or growing your business through purchasing stock, acquisition or marketing, are all key barriers to growth.

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. A longer term Business Development loan can help SMEs drive growth and finance development.  It can help your business raise the capital required to cover a range of costs over an extended loan period of between 12 months and 5 years*.

What's right for you?

The right type of finance for you ultimately depends on the purpose of the finance and your specific business requirements. The table below matches the best type of finance to the required purpose:

Purpose Short Term
Business Loan
Development Loan
Finance Lease /
Hire Purchase
Annual Subscriptions    
General Equipment Purchases  
Furniture and Fittings    
IT & Telecoms    
Software Licenses    
VAT Payments    
Tax Payments (Corporation & Income)    
Building Renovations    
Stock Purchases    
Cash Flow    
Business Acquisitions    
Debtor Relief    
Relocation Costs    
Training Costs    
Delivery Service Fees    
Marketing & Advertising    
Office Insurance Premiums    
Research & Development    
  Find out more Find out more Find out more

Why White Oak UK?

At White Oak UK we do our best to make finance easy and uncomplicated for our customers. We take a commercial approach to business finance and can provide solutions for a broad number of requirements whether tangible equipment or intangible growth requirements or cash flow.

We have a strong history in providing finance and leasing solutions whether directly to businesses or via equipment manufacturers and resellers with whom we partner.

Download our free guide to learn about the different options available to you, or contact us today.

Business loans from the flipside

*Currently only professional practices qualify for our maximum term of 5 years and all other SMEs qualify for loans up to a maximum term of 3 years.

By Ian Cushion
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Why choose White Oak UK?

  • No red tape, so you can receive funds in as little as 24 hours
  • We accept 4 out of every 5 applications
  • Apply quickly and easily with E-sign loan documents
  • You’ll always speak to the same person
  • Free up cash flow for other areas of your business
  • Tailored finance agreements to suit your specific needs

Views from the flipside

What our customers say

We could not have been happier. Banks as usual were a nightmare - they took over six weeks to eventually refuse for vague reasons unexplained. White Oak UK were professional, helpful, friendly, and best of all, fast.

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