Obviously client confidentiality means that our customers must remain anonymous.
However, here are a few of the many success stories from the funding sources we have available...
Small family-owned business
Undergoing a period of rapid growth and diversification. Investing in new premises and production line. The costs of the project escalated and, although the company was enjoying a very successful year in terms of sales turnover, they found themselves with a shortfall in investment capital.
The directors were reluctant to tie up working capital which could impede theirexisting business and were concerned that their investment project would grind to a halt. Because much of the equipment being purchased was either one-off special builds or refurbished, normal banks were not prepared to lend against it.
Visited to discuss what the options might be and within a few days were able to propose several options. Funding was put in place very quickly. Crucially, the rapid turnaround from making the initial enquiry to receiving the funding was probably just under 1 month and only a few days before Christmas.
This has been a huge help in terms of keeping the project on track, and indeed finishing it at all.
A retail wholesaler selling clothes to New Look, Debenhams, Very.co.uk, ASOS, Tesco’s and many more. He needed the money to purchase more stock to increase the supplies going out to his distributors. Able to source a £30,000 unsecured loan funding for him to help his business grow.
Had an established chain of fish and chip shops in Lincolnshire area. Having purchased her 3rd premises, she needed £100,000 to convert the property (it was currently a pub). Raised the funds through Funding Circle in just 6 hours! As this was an unsecured loan, no valuations or solicitors were required. Therefore the client had the funds within a week. She is now already looking to purchase a 4th property.
Runs a second-hand games shop. Was looking to move from her rented premises into a bigger space to expand her business. £80,000 purchase price. 80% loan agreed for her with Barclays. This put her in a better position on the high street and allowed her to get £6,000 of stock currently held in the backroom on show.
Were in the process of completing the build of 3 new flats. The building was water and weather tight, but needed the internals completing. Wanted to raise funds from the unencumbered site to purchase more property. Raised 70% for them through Shawbrook, giving them £300,000 to keep building their business. These funds allowed them to purchase a new investment property and also complete the development of another site quicker, speeding up their cashflow. Once the flats were complete, they sold and cleared their mortgage with no redemption fees.
Had portfolio of 18 properties mortgaged with Lloyds. Wanted to reduce their payments and increase the lending to the maximum, giving them additional cash to buy more, but wanted to avoid increasing their loan repayments as they used the surplus rental to live on. Were able to secure 75% LTV with Shawbrook on a 10-year interest only facility. This gave them over £200,000 to fund the purchase of more properties. This meant the clients were able to increase their portfolio, which in turn gave them a better income.
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