£8.8m DEVELOPMENT FINANCE FACILTY
The Background
We were delighted to receive an introduction to a successful business looking to build for their future. Restricted by their current head office site, they’d battled through a planning application to rebuild a modern, state of the art and energy efficient warehouse and headoffice, which will revolutionise their workflow and become their flag ship site.come.
The Challenge
After being let down by their current bankers of 40 years, they turned to us for independent guidance. Following a thorough review and consideration of multiple solutions, we were thrilled to secure approved lending terms which perfectly matched their requirements.
The Solution
Utilising the Clean Growth Finance Initiative, which offers fee free finance for sustainable projects with a positive environmental impact, we were able to secure highly competitive terms, saving our clients £176,000 in lender fees.
With pre agreed exit terms, the business now have the funding and confidence they need to embark on their next chapter of growth.