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As one of our brokers you can source client solutions across multiple sectors, submit and track their cases 24/7.
Need to register? Click here to start using our sourcing and case management system
CALL US:
01277 561 116
The client, a hotel operator, wanted to borrow £250,000 to upgrade their established seaside hotel, in advance of next year’s peak season, with the works to becompleted during low season.
The hotel is currently subject to a commercial mortgage with their incumbent bankers, and therefore restricted them using the property as security, and were reluctant to use their personal homes as security.
We approached a lender who specialises in unsecured lending, and in view of the company’s strong balance sheet and profitability, we were able to facilitate a £250,000 unsecured facility, with an unsupported personal guarantee from the directors. The documentation was completed and funds were made available within 5 days of application
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| Case Type: | Unsecured business loan |
| Loan Value: | £250k |
| Rate: | 8.3% |
| Term: | 60 months |
| Security: | Personal Guarantee |
| Location: | Dover |