Pinnacle Business Finance is a commercial finance broker based in Bristol. We are an unrivalled team of finance experts who source business loans, property finance, cash-flow funding, and business acquisition funding.
Fantastic company to work with who helped us make the dream of owning our own business premises a reality.
14. September, 2021.
Jack has helped me out on several occasions and offered a very high standard of care. We will certainly use him in the future
9. August, 2021.
Pinnacle was highly attentive and proficient with my client's needs. I look forward to working with them on future cases.
Sandra Vieira da Silva
6. August, 2021.
I own a small recruitment agency and can only appreciate the help I was given by Jack Seymour at Pinnacle Business Finance. A game changer, thank you
1. August, 2021.
Great company. Straight forward and professional.
They give amazing advice as well. I strongly recommend !
13. May, 2021.
Very professional service. An offer tailored to the needs of our business. Friendly and qualified advisor. Complex financial products explained in an easy - to - understand way. 5 stars for Jack Seymour from Van21 Ltd
22. January, 2021.
Jack is fantastic and is very business minded and will take care of all your business financial needs. He also has alot of good contacts that will help you with your business.
4. June, 2020.
Excellent customer service. Went all out to get us what we wanted. Will recommend.
7. January, 2020.
Got us the deal we were looking for. Friendly and conscientious, would definitely recommend .
17. June, 2019.
Pinnacle Business Finance have allowed me to invest in my care agency. I have been trading for over 3 years and was looking to grow my business. They took the time to visit me and talk through my options. Nothing was too much hassle and secured premium funding. I haven't looked back since and would highly recommend the team at Pinnacle!
I found Pinnacle Finance online as I wanted a business loan and didn’t know where to start. I enquired through the website and spoke to a finance broker at Pinnacle. He kindly talked me through the process of securing business finance, along with the finance options I could potentially benefit from. I told him about how my business worked and why I wanted the business loan. Previously I found it difficult to raise business finance as I had only been trading for six months. The bank wanted to see previous trading history and I didn’t know who my bank manager was. The commercial finance broker at Pinnacle explained there was an array of alternative finance loan providers. They won’t require annual accounts to supply a short-term business loan. The finance broker also explained the different types of loans and why an unsecured business loan would most likely be the best option.
I sent them my business bank statements and a brief description of what I was going to use the business loan for. In less than 48 hours the broker called me back and explained he had 3 business loan offers for me! I could decide which one to choose from and it allowed me to carry on running my business, whilst Pinnacle did all the hard work for me. They put me in touch with the lender and the funds were released into my business account the same day!
The business loan has really transformed my business finance situation and improved my cash flow. I used the business loan and invested in taking on an additional staff member. Now the staff member is generating income and I’m looking to invest again. I know Pinnacle is there for me and always provides expert guidance and service. The process was simple and efficient from start to finish and it’s given me the confidence to invest in my business.
Start Up Business Loan
I had just started my courier business when I was referred to Pinnacle. The main issue for me at the time was cash flow. I was desperate to win work as I had just started my business and needed to generate income. I was recommended to use an online courier platform by my accountant. I found that commonly the large companies that I was doing work for had slow payment terms on invoices. This meant that my cash flow started to struggle after a couple of months of trading. I had daily expenditures such as fuel, repair bills, and weekly wages. I had £25,000 worth of invoicing owed to me after 3 months of work. Hardly any invoices were paid with little money to show for it.
I was frustrated that I was doing more work but not getting paid quickly enough from my invoices. I spoke to my accountant about the problems I was having with my cash flow finance. They recommend Pinnacle Business Finance and put me in touch with a business finance broker. My business is based in Bristol and so was Pinnacle. When I spoke to a finance broker at Pinnacle, they said this was a common problem and there was a simple solution. They spoke about invoice finance and how it can improve my cash flow. Because I had so much money outstanding in invoices this gave me a large upfront payment. I got £22,000, and every time I now raise an invoice, I get paid 90% upfront. It took about a week to get the invoice finance facility set up and the broker at Pinnacle reviewed all the information after our first call. They introduced me to a couple of invoice finance providers in Bristol and the South West.
I used the money I generated from invoice finance to repair the vans on the road and paid off my fuel cards. I can’t thank Pinnacle enough for all the hard work they have done for me.
My business provides nurses and healthcare workers in the domiciliary healthcare sector and has been trading for 6 years. I was introduced to Pinnacle by my accountant as I was using invoice finance to pay agency staff workers on a weekly basis. Without invoice finance to support cash flow it is very difficult to maintain or grow my business. This is because I invoice the council and other customers on 30 or 60-day payment terms. I still have to pay the healthcare workers and nurses at the end of every week.
With my previous invoice finance facility, I didn’t use it for every customer and only had £40,000 of funding provided out of a potential £150,000. I was being charged a minimum fee for not using the facility enough. Invoice finance became expensive for me and wanted to move away from it but needed something to support cash flow.
I spoke to my accountant who advised me to speak to a broker who sources cash-flow funding. They recommended Pinnacle Business Finance in Bristol as they had helped many of their clients before. He introduced us and set up an introduction call. The broker at Pinnacle Finance was friendly and really understood how invoice finance worked. I explained that I wasn’t using the current invoice finance facility and it was too expensive.
He explained that he had seen many businesses like mine and selective invoice finance was far more cost-effective. I was unaware of selective invoice finance and how it worked. They explained that I could choose what invoices I wanted funding on without a monthly minimum fee. I asked how I could move from one invoice financier to the other.
I sent all the information over to the broker at Pinnacle and he looked at our current invoice finance fees. Then the broker compared them against other invoice finance facilities. It only took Pinnacle a week and the new facility was set up. I gave notice to my previous invoice finance provider and moved to the new one.
It was a lot easier than I thought to move invoice finance providers. We have calculated that we will save over £21,000 per annum with the new invoice finance facility. So, I strongly recommend if you haven’t recently reviewed your invoice finance facility that you speak to Pinnacle Business Finance.
I run a post office in Bristol. I deal with the general public and it has always been a challenge to get any form of business finance. Profits in the business can be low at times but turnover is high. This is because I take a lot of small transactions in the business through my card machine. I was recommended to use Pinnacle Business Finance by a friend who runs a business. They had used Pinnacle before and said they were very good.
I sent them an email and a business finance broker responded. They arranged a time to talk with me. I said to them that I wanted business finance to buy more stock and take on another member of staff. I wanted to stop having to work in the shop all the time – instead, have someone who could help me out.
The broker at Pinnacle asked how many card payments I take on average a month. I logged into my card machine portal and looked at the last 3 months’ card statements. The business finance broker at Pinnacle told me about merchant cash advance. I’d never heard of this type of finance before and was unaware of it. As I mainly deal with card payments from the general public, merchant cash advance was perfect for me. When I was very busy, I pay back more of the business loan and when I’m quiet I pay back less.
The finance broker at Pinnacle took the average of the 3 months and worked out indicatively the maximum loan amount I could borrow. The broker explained that the loan amount, term, and interest rate will vary on the lender. I asked how a loan will work when I take it against the card machine. He talked it through with me and I felt confident after that it would benefit me and my business. The finance broker came back the following day with two offers that they had obtained for me. I talked them through and decided on the best funding offer. I paid off the loan in less than 7 months and it gave me the business finance backing I needed.
Merchant Cash Advance
A client enquired as they were looking to acquire 3-5 businesses over the next 24 months in the construction sector. They had done their research and understood how the industry works. They had identified target acquisition businesses which we quickly looked through and identified how we could raise the funding to make the acquisition happen. From there we collated the required information, assessed the finance market, and ensured the funding was available for the day of completion. We ensured there was sufficient funding for cash-flow post-acquisition. Whilst giving them the ability to raise further capital as required to grow the business. The sale price came to £750,000 with £500,000 leveraged for the first down payment.