Why do businesses have loyalty to their Banks?

These are just some of the case we have dealt with and explains why they shouldn’t !

Industrial Property re-mortgage

 A clients Bank would not approve any additional finance so our consultant arranged a re-mortgage of their Commercial property repaying  the Bank overdraft/loans and providing the customer with £70,000 of additional capital with which to trade with.

Machine Purchase

New start engineering business was refused finance for a new Lathe costing £45,000+VAT and our consultant was able to secure finance with 48 hrs on the terms required by the customer.

Start up Business

Bank rejected a client for a loan to acquire a post office and connected property. Within 3 days of visiting the client our consultant was in receipt of offers from three high street lenders.

£300,000 Asset finance required urgently

A haulage company wanted to buy 6 tractor units costing £300,000. They were unable to secure finance themselves and our consultant secured the financing by splitting it between four lenders on the terms required by the customer.

100% financing over 25 years

Professional services firm was looking to move out of their rented property and acquire new business premises. We were able to negotiate a 100% mortgage with annual repayments that were the same as the property would have cost to rent.

Management Buy Out (MBO)

Existing management needed £350,000 for a MBO. The managed team managed to raise £170,000 themselves but this left a shortfall of £180,000. We secured this by a sale and leaseback of the existing unencumbered machines to allow the MBO to be completed on time.

Best interest rates in the market

Well established and profitable business required finance to develop a new Commercial site. Our consultant obtained a rate at 1.00% above base rate over 25 years at 80% Loan to value.  This was 0.75% lower than the Bank offer will save the customer £67,914 over the term of the loan.

Customer wanted fixed monthly repayments for the next 5 years

Our consultant secured a fixed rate mortgage for 5 years at 6.19% from a leading Building Society compared to the Bank offer of 7.25%

To obtain a Quote, find out more information or a free consultation with one of our consultants:

Ø     Click on the Contact Us link

Ø     Phone us on 01206 544333