+
CLOSE
+
CLOSE
Register

By submitting this form you confirm that are happy to submit your data, which will be used solely for the purposes of my above enquiry

+
CLOSE
Quick Enquiry

By submitting this form you confirm that are happy to submit your data, which will be used solely for the purposes of my above enquiry

Increase of Bank Finance Facilities for a trading business.

Deal Structure

60% LTV

Interest Rate 2.5% over Base Rate

1.5% Arrangement Fee

12-month Overdraft facility of £300,000

15 Year term loan of £410,000

Deal Summary

We were approached by a client who had built up a successful business supplying heating fuel, coal and logs to residents in rural locations.

Whilst the business was thriving, it was hamstrung by its current banker’s reluctance to increase its overdraft facility.

We undertook a full analysis of the customers accounts and were able to present a proposition to several High Street lenders, which highlighted the problems he had encountered, the strength of the business today, its current profitability and the plans the client had for the future of his business.

After receiving several positive responses from all the lenders we selectively approached, we discussed the pro’s and cons of each proposition. Our client chose a bank who in his words “have gone the extra mile” and not only more than doubled his overdraft facility but also offered a £410,000 term loan which meant he could accelerate his expansion plans

Simon Parkinson

Contact

Simon Parkinson

Quick Enquiry

Positive Commercial Finance is a trading name of Business Financial Solutions Limited. Registered in England & Wales 06451075. Registered office address Warth Business Centre, Warth Road, Bury BL9 9TB. Authorised and regulated by the Financial Conduct Authority (716012). Full members of the NACBF and FIBA. ICO registration reference Z1196910.