Date completed: 30th January 2021
Loan amount: £475,000
Location: West London
Our client had outgrown their current office & warehouse, which they had been renting. It was time to look at a new home with more storage space and enhanced meeting and office area. The business was well run and the projected revenue for the firm was very positive.
We were able to find a lender that understood how the business would scale upwards once the new premises were acquired. They were keen to support the funding needs by providing a loan that considered expected growth.
The application process was smooth, as all supporting documents had been made available to the Bank from the outset. We received a formal offer soon after the valuation had taken place.
Our client moved into their new home within ten weeks of engaging with the Bank. They are fully up and running, and the business is doing well.
The only downside is they cannot host a party to show off their new home to clients, friends, and suppliers, but they hope to do these once restrictions have lifted.
Please note, that the case study is based on a real-life scenario, but names have been changed due to client confidentiality.
Published March 2021.
It is important to take professional advice before making any decision relating to your personal finances. Information within this case study is based on our current understanding and can be subject to change without notice and the accuracy and completeness of the information cannot be guaranteed. It does not provide individual tailored advice and is for information purposes only.