Eastern Credit is an independent business finance provider specialising in asset and property finance. Established in 2001, Eastern Credit is based in Norfolk. Businesses can borrow from £5,000 to £500,000 and receive a same day decision from Eastern Credit’s underwriters. Asset finance products are available to startups and sole traders as well as larger businesses, and property finance is accessible for buy-to-let landlords as well as experienced commercial property developers.
Eastern Credit Business Finance
Asset financing and refinancing is available for a huge variety of assets, including vans, plant hire, machinery, gym equipment, energy, and agricultural. Businesses can choose hire purchase or finance lease, giving them the option to own the asset outright at the end of the agreement or upgrade it when they’re ready. Repayments can be tax deductible depending on the agreement.
Refinancing allows businesses to release cash from their existing assets to improve cash flow or raise capital for something specific.
Eastern Credit finances a variety of commercial buildings, including retail spaces, land, warehouses, leisure parks, and more. Businesses can raise from £26,000 to £500,000 and repay over 1 to 180 months. Loans can cover 100% of the build costs and rates start at 0.99% a month.
Finance is available for residential, commercial and industrial properties. Eastern Credit will generally lend up to 50% of the property value but will consider more in certain circumstances. The finance can be used for barn conversions, ground-up developments, converting products from commercial to residential, and refurbishments and extensions. The maximum term is 36 months.
A short term finance solution for improving cash flow. Contact Eastern Credit for more details.
Secured loans are available to startups and established businesses for a variety of purposes, including funding specific projects and restructuring other debts. Contact Eastern Credit for more details.
Eastern Credit Reviews and Ratings
There’s just one online review for Eastern Credit – a single 1 star comment on Google reviews. The customer was unhappy with unclear loan terms and believes the service was poor.
Trustpilot – no reviews
Google Reviews – 1/5 (based on 1 review)
Reviews.co.uk – no reviews
Smart Money People – no reviews
- Variety of asset and property related products
- Suitable for businesses of all sizes/ages
- Same day decisions and quick access to funds
- Just one online review and it’s very negative.
Website: Eastern Credit Business Finance