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Funding by purpose

Business funding for premises and fit-out

Taking or improving premises can involve deposits, building works, professional fees, equipment and a period before the site contributes revenue. Fit-out finance is a broad label for funding some or all of those project costs, subject to the structure and provider criteria.

The commercial scenario

Established UK limited companies and LLPs may consider external funding when a commercial event requires cash before the resulting revenue or benefit arrives. Examples include:

  • Moving to larger or more suitable trading premises.
  • Opening an additional site or refurbishing an existing one.
  • Funding fit-out, fixtures, building works or professional costs.
  • Purchasing a commercial property for occupation or investment by the business.

Funding routes a provider may consider

These are neutral descriptions, not recommendations. The routes available depend on the company, the transaction and each provider's criteria.

Commercial mortgage
Longer-term property-backed finance may be considered for a qualifying purchase, subject to valuation and provider criteria.
Bridging or refurbishment facility
Shorter-term property-backed funding may support a defined acquisition or works period, with an agreed repayment plan.
Term or working-capital facility
Non-property costs such as deposits, fit-out and early operating expenses may be considered through a separate facility.
Asset finance
Identifiable equipment within a fit-out may be capable of being funded separately from building works.

Information a provider may ask for

  • Heads of terms, lease, purchase details or property particulars.
  • Valuation information and the deposit or equity available.
  • A detailed schedule and budget for works, fit-out and professional fees.
  • Planning, licences or landlord consents where relevant.
  • Accounts, forecasts, bank statements and existing property or business debt.

What can affect availability

Backed does not determine eligibility or approval. A third-party provider may consider:

  • Property value, tenure, location, condition and intended use.
  • Planning or licensing dependencies and the experience of contractors.
  • The company's deposit, cash contingency and ability to absorb delays.
  • How and when the facility is expected to be repaid or refinanced.

Practical preparation

  • Separate property, works, equipment and contingency costs.
  • Build a realistic timeline including approvals and a delayed opening scenario.
  • Gather contractor quotes and evidence of permissions already obtained.
  • Explain how the new or improved premises support company revenue.

Clear, current information helps a provider understand the requirement. It does not guarantee that finance will be available or determine the terms offered.

Further reading

Tell us what your company needs to fund

Backed may introduce your company to one or more funding partners whose criteria may fit. Providers determine eligibility, approval, pricing and terms.

Submit a funding enquiry

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