Close Brothers Group is a leading UK-based merchant finance provider. Close Brothers is a FTSE250 company, employing over 3,000 people, and listed on the London Stock Exchange. A range of lending options are available, including asset based lending, invoice finance, leasing, and property finance. Finance is also available to specific industries, including aviation, breweries, marine, and brokers.
Close Brothers Business Loans & Finance
Businesses can release working capital against both stock and property. This is aimed at larger businesses with a turnover of £10m+ and existing assets including invoices, inventory or property.
Receive up to 90% of the value of your invoices as soon as they’re raised. Both invoice discounting and factoring is available, giving businesses the freedom to take care of credit control themselves or pass it over to Close Brothers.
Commercial Vehicle Hire
Businesses can hire and lease buses and coaches, industrial vehicles, trucks, trailers, vans, and more.
Specific finance is available for companies in aviation and marine, finance brokers, professional services and property. Products vary depending on usage and terms.
Property Finance & Bridging Loans
Finance for property developers and businesses investing in property. This includes commercial acceptances, bridging loans, and commercial mortgages.
Close Brothers Reviews and Ratings
Online reviews can cover all Close Brothers products and services, which includes business and consumer.
Trustpilot reviews are very positive and complimentary on the whole, with lots of customers saying their experience was simple and they were well-informed. There are fewer reviews on Smart Money People and the ratings are more mixed, with some saying they’re very happy and another claiming interest rates are high.
Close Brothers Invoice Finance won Best Factoring & Invoice Discounting Provider at Business Moneyfacts 2014-2017.
In January 2020, Close Brothers Asset Finance responded to reports saying business lending had slowed down: “It is determined to play its part to reverse the trend and ensure the health of the SME sector, which accounts for 60% of employment in the UK.
- Very large lender with a range of products for different purposes.
- Products for specific industries available.
- Great online reviews.
- Might not be suitable for smaller businesses.
- Some reviewers say interest rates are high.
Website: Close Brothers Business Finance