£2.5m Bridging Loan Secured for a Business

Our brokers client, owner of a public transport & furniture/interior business reached out looking to raise funds to secure 2 property units for their business. Due to a change in the business, and the worry of not being able to pay suppliers the client had a commercial mortgage lined up with a high street bank.

Time was ticking to pay off their invoice finance facility. With the slow and lengthy process of the loan from the high-street bank, the client was looking for a quick alternative to raise the funds. The broker reached out to us for a solution. The client was seeking a 12-month bridging loan of £2.5m & an exit plan once the bridging term ends.

We set to work on finding a suitable deal for the client. Liaising with the lender and broker throughout the process we secured a loan of the full amount. This allowed the client ample time to repay their invoice finance facility. Super impressed with the deal & service from us, the client is now looking at a refinance term option away from their previous bank.