Business Expansion – Total Loan £98k
The situation: The owner of a retail business was looking to purchase a new warehouse to continue his expansion plans. The business owner had been told by his current High Street Bank that they would not be willing to lend them any monies for this purchase as they were ‘growing too fast’. The client didn’t want to transfer all of his banking away to a new High Street Bank, so the client approached Commercial Expert Ltd after a search on the Internet.
The Solution: Commercial Expert Ltd arranged a £98,000 stand-alone loan, secured on the new warehouse which was being purchased for £140,000. The banking remained where it was and the client and bank relationships remained intact.