Business loan for a new start retail company

Opportunity:

The client was introduced to us by its bank manager who had provided them with a current account, but could not assist with finance due to the new start nature of the business.

Approach:

We met with the client to discuss their requirements which involved the fit out of their trading premises and the purchase of stock.

Solution:

Due to the strength behind the directors’ guarantees, we were able to support the business by offering a £25k commercial loan with repayment spread over 36 months.