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Public House in Wales - Interest only loan

Sector: Hospitality & Catering | Value: £50,000
Equipment type: Commercial Loan | Term: 12 months

We sourced an interest only commercial loan for a public house.

Problem:

Client required addition finance for working capital purposes, but up to date financial information was not available. That meant that most potential lenders could not assist.

Approach:

The client did have equity available in its trading premises therefore a secured loan for possible for the alternative finance marketplace.

Solution:

We identified an appropriate secured lender and an interest only loan was agreed. The interest only facility is for 12 months thereby allowing the client sufficient time to prepare up to date financial information to enable a longer term loan to be obtained.