Recent Business Financing
 

Recent Transactions

Factoring and Invoice Discounting

Trade Finance

  • £5m Invoice Discounting facility plus credit insurance for £25m turnover engineering business. Fixed service charge of only £20,000 per annum - Yorkshire
  • £750,000 Invoice Discounting facility for Marketing business to provide working capital to fund significant growth in new business - Yorkshire
  • £600,000 Invoice Discounting facility for Recruitment business to raise funds to acquire a £4m turnover business - London
  • £300,000 Replacement Invoice Discounting facility for recruitment business. Advance level 90% compared with existing funder - Staffordshire
  • £200,000 Invoice Discounting facility for Plant Wholesaler supplying Garden Centres. Extended credit facility provided - Lancashire
  • £180,000 Invoice Discounting facility for Food Manufacturer to fund new contracts with Major supermarket groups - Cheshire
  • £60,000 Factoring facility for new start-up Transport business. Service charge only £150 per month - Bedfordshire
  • £50,000 Factoring facility for Electrical engineers. Service charge only £200 per month - Lancashire

Asset Finance

Asset Finance

  • £3m To finance 200 plus care for hire company in London
  • £2.2m Sale & Leaseback secured on printing equipment to help fund management buy out - Yorkshire
  • £500,000 Sales & Leaseback secured on engineering machinery to provide funds for investment in Europe - Midlands
  • £450,000 To finance purchase of new spinning machinery for Textile manufacturer - Lancashire

Corporate Finance / Corporate Recovery

Corporate Finance / Corporate Recovery

  • £4.5m Package of finance for MBI team incorporating £1.5m Invoice Discounting facility, £2m Sale & Leaseback plus £1m commercial mortgage - North East
  • £495,000 Chattel Mortgage secured on textile machinery to provide additional working capital following sudden increase in new business - Yorkshire
  • £250,000 Small Firms Guaranteed Loan to raise finds for property acquisition plus new plant and machinery. Plastic Extruders - Cheshire
  • £230,000 Sale and Hire Purchase back secured on engineering plant to finance management buy out of business from liquidator. Also £200k Invoice Discounting line to provide working capital

Lease Breaks

Lease Breaks

  • £15,000 House Builder - Midlands
  • £8,500 Engineering Company - Yorkshire
  • £3,600 Plastic Extruder - Lancashire
  • £1,165 Printing business - Cheshire

Property Finance - Commercial

Property Finance - Commercial

  • £3.5m Re-mortgage of Commercial Investment property to release funds for future investment. Interest only facility over 5 years. Interest rate 1% over bank base - Yorkshire
  • £3.2m Commercial Mortgage, Mortgage to acquire new warehouse and distribution unit for telecoms business. 80% advance over 25 years - Cheshire
  • £2.7m Re-finance of mixed commercial and residential portfolio to release funds for investment in new house building
  • £2.25m Re-finance of Buy to Let portfolio to release funds for further investment. Funding provided at 1% over bank base
  • £480k Commercial Mortgage to acquire new factory for Laundry business. LTV 95% over 15 years. First two years interest only - Midlands.
  • £410k Bridging Loan to acquire another business. Funding provided in 7 days - Lancashire.
  • £350k To acquire Commercial Investment property producing rental income of £50k per annum. Advance Level 90% - North East.
  • £300k Commercial Re-mortgage of Dairy to release funds for extra working capital - South Wales

Property Development Finance - Residential

Property Finance - Residential

  • £1.4m Re-finance of residential development, 90% complete to raise funds for acquisition of another site. Advance level 70% of Gross Sales Value - Kent
  • £1.3m To finance site acquisition and build 4 large detached houses. 100% of land and build costs provided - Cumbria
  • £1.1m To acquire farm and cottages. Minimal spend to re-furbish then sell in 6 months for £2m 100% of purchase price provided at 1.5% over bank base - Cornwall
  • £1m To build 18 appartments. Advance level 85% of land and build costs - Lancashire
  • £1m Buy to Let facility for Limited company client. Advance level 85% at 1% over Libor x 20 years - Yorkshire
  • £1mRe-finance of existing development to cover cost overruns of £400k. Interest rate only 2% over bank base - Cheshire
  • £430k Land and build costs of 2 x town houses to be retained as an investment. Advance level 8% - Yorkshire

 

Fixed Interest Rates

Our lenders can also provide fixed rates, typically for 2-5 years but also up to 25 years with interest rates from 1% over Bank of England base rate

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