Bathgate helped arrange a peer-to-peer loan for this customer.
They have now designed and manufactured their own range of sports protein bars and vitamins. A £100k has been spent towards the development, marketing and packaging associated with the products. Further costs were made towards the fit out of their additional warehousing unit.
We initially had to iron out concerns of providing long term director guarantees to support a finance facility. They also sought a flexible facility repayable over two years that allowed them to settle the agreement early without any penalties.
A £74k loan was arranged via a peer-to-peer loan provider spread over 5 year period to keep the monthly repayments low. However, the facility provided the client with the added benefit to settle early at any stage without any early settlement fees or redemption.