I am always delighted to find a solution for a returning customer. I recently worked with a client who needed a business equity release on an unencumbered industrial site to expand his business. I secured a £500,000 loan for him in this instance, enabling him to expand the physical space of his business.
He later returned to me directly to seek further assistance. With his increased space, he now had the capacity to increase his stock; he ran a car rental business and required a further loan to expand his fleet. He had found that as his business grew, he was turning away business simply because of a lack of stock, so he was keen to invest further to meet the increased demand.
I therefore suggested that we arrange vehicle asset finance to grow his business. However, this wasn’t a simple case of sourcing a lender who could arrange this type of asset financing for him. As mentioned, he had recently taken out a loan of half a million to extend his business premises. This created an issue because it meant that he had very recently put debt into his business, which made potential lenders uncomfortable.
However, as I had worked so extensively with this client, I knew his financial projections were strong. I was able to use my extensive knowledge of lenders on the market to locate a lender I knew was keen to start offering more vehicle asset finance, and I highlighted to them that he needed further finance to keep up with the extensive demand for his business.
I was able to reassure them he would be able to service the loan, and was thus able to arrange asset finance for my client. I secured him a further £300,000, which will enable him to purchase the stock he needs to expand.
This illustrates that as specialists in commercial finance, we can provide an extensive range of services. Commercial property finance is not the full extent of our offering. We can support your business by arranging a range of finance types, utilising facilities such as invoice finance, asset finance and cash flow lending. If you have any questions about securing commercial finance, please don’t hesitate to get in touch.
France is one of the most popular property markets for foreign nationals: we are all aware of the chic appeal of Paris, the enduring allure of the Riviera in the summer or the freshness of the mountains in winter.
Covering everything from search and negotiation to making an offer and the legal processes, the guide will help you fulfil your dream of property ownership in France.