Magna Money takes pride in offering the best funding solutions available to any business in the UK, whether a small SME or a large corporate.
The Milton Keynes brokerage is headed up by Sylvia Lennon, a Commercial Finance Broker, the firm provides whole-of-market access to commercial funding solutions for business owners. Having lived in Milton Keynes for many years, Sylvia is well connected in the local business community, and has over 20 years’ financial services experience.
She has been helping business owners access equity funding for over ten years, and during the pandemic decided to change course and look at ways she could help business owners access commercial finance.
“I am passionate about developing relationships in the local community and a big fan of Milton Keynes,” said Sylvia. “As a member of Women in Enterprise, and a participant in last year’s CEO Sleepout for the homeless in Milton Keynes, I believe it is crucially important to help and collaborate with other business people in the region.
“During these challenging times, I have noticed a real shift in the way people look out for each other and it’s been very encouraging. Having helped secure equity funding for companies for more than a decade, I am now delighted to be able to switch gears and assist companies in need of commercial finance. I personally received support from the government with a Bounce Back Loan, which I am using to help finance the early stages of my new brokerage.
“To be able to help others receive similar support is something I am very passionate about and my association with Magna Money provides the perfect platform to make this happen.”
Magna Money has access to more than 100 well-established and reputable lenders and Sylvia will liaise with the appropriate organisations to ensure clients receive the best deal for your financing needs.
For business owners looking to add funding strategies into their business and cashflow planning, commercial finance solutions include:
- Coronavirus Business Interruption Loan Scheme
- Invoice Finance
- Business Loans (secured/unsecured)
- Development Finance
- Bridging
- Commercial Mortgages
- VAT Finance
- Merchant Cash Advance
- Credit Insurance
As a broker, Sylvia can provide not only the funding to meet current needs, but will also work in collaboration with clients and focus on their goals, for years to come.
Coronavirus Business Interruption Scheme
At the time of writing, there is still a window of time available for business owners to take advantage of the Coronavirus Business Interruption Scheme (CBILS).
The CBILS support is a welcome reprieve for businesses who are battling to stabilise, or even survive in the wake of the COVID-19 outbreak.
The scheme is helps small and medium-sized businesses to access loans and other kinds of finance up to £5m. The government guarantees 80% of finance to the lender and pays interest and any fees for the first 12 months. The business needs to be based in the UK with turnover of up to £45m.
The team at Magna Money will be working tirelessly until the end of November helping clients access government schemes such as CBILS and Bounce Back Loans to ensure as many as possible remain open, saving jobs and businesses.
Given that time is running out to get funding that is subsidised by the government – anyone who thinks they might need additional funding in the next six months probably won’t see any better terms than on offer at the moment – and should take advantage while the scheme is open.
Sylvia said: “I have been working closely with clients who have been unsuccessful in applying for government support and the work I do with lenders saves business owners time and frustration – and I work on a no win, no fee basis.
“Several clients are now exploring commercial finance options they had previously thought were not available to them. Even if a business has been rejected for a CIBLS or Bounce Back Loan, it is worth getting in touch with me so that I can do a whole-of-market search on your behalf. We have several options that aren’t widely available to others and it costs nothing to engage me to look at funding solutions for you, so please get in touch to discuss your options.”
From December, lending will be more expensive though traditional lending routes. Nonetheless, it is a good idea to work with a broker to explore all financing options so that you can focus on running your business successfully.
Contact Sylvia on 07792 033113 or email sylvia.lennon@magnamoney.co.uk
