The months are flying by, and our year-to-date is very strong. The first 3 months of the year saw a record number of enquiries, however, our conversions were slightly down, which was due to many factors such as government changes and worldwide political uncertainty. As the year moves on, it is predicted that business confidence will grow as the year continues. We are now seeing many of these enquiries from Q1 coming back and proceeding with their original offers as confidence comes back into the economy, April was a fantastic month for us and May already looks to be heading in the same direction.
Whether your customers are looking for investment for equipment, growth or general cashflow, we are here to assist and back UK businesses when many lenders won’t.
See below, just a couple of deals the team completed this month.
If you or your team have any questions, never hesitate to call or email your Broker Manager.
Call on 01234 717367 or E:sam.england@nationwidefinance.co.uk
Deals of the Month
Funded: £45,000.00
Business Type: Contractor
The Solution: An established business had a number of short-term lenders and required additional cash flow for new projects. The customer was a non-homeowner, so the father stepped in and was able to be a guarantor on the transaction. We were able to halve the existing monthly payment and provide cash flow to grow the business.
Funds were secured with a 2nd charge over a 3-year term.
Funded: £100,000.00
Business Type: Oxygen Therapy
The Solution: A new start business required funding for machinery, premises and general cash flow. The business was owned by a husband and wife duo who had experience in running businesses. The only issue was that one of the director’s family businesses was in liquidation. The business was simply shutting down as his parents were retiring and he did not wish to take over, this of course caused issues with some lenders. With their experience in this field, business plan and security, we were able to proceed with a suitable funding facility to get the business off the ground.
Funds were secured with a 1st Charge over a 3-year term.
Helping Businesses get the loans they need
◆ Cash Flow Loans
◆ HMRC & VAT Debt
◆ Loans for Start-Up & Business Acquisitions
◆ 3rd Party Guarantors
◆ Declines Considered
CASH FLOW FINANCE – NEW STARTS – GUARANTORS ACCEPTED
Nationwide Finance Broker Division
T: 01234 717367
