We sourced an interest only commercial loan for a public house.
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.
The client did have equity available in its trading premises therefore a secured loan was possible for the alternative finance marketplace.
We identified an appropriately 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.