Pete’s Business Needs a Cash Injection
Pete ran a successful manufacturing business along with his business partner, John. John had to leave the company at short notice for personal reasons and wanted to sell the business; however, Pete wanted to continue running it by himself.
Pete came to us for the funding needed to buy John’s shares and, additionally, to keep the business running smoothly through the transitional period. We were able to lend all the required money to Pete secured on the company’s unencumbered business premises, with an additional charge over Pete’s home. This gave Pete enough time to raise funds through a management buy-in and repay the commercial bridging loan.
View our bridging case studies:
- A Local Developer Finds Land With Potential
- A Modern Day Landlord With A Great Business Idea Finally Gets The Help He Needs
- Almost Completed Development Site Overruns Current Loan
- Bridging loan for home improvements on a new residential property
- Clearing a Current Mortgage
- Covid-19 Withdrawal Regulated Bridging Loan
- Expat Bridging Loan
- Helping An Ageing Couple Find A New Lease In Life
- Naomi Inherits A Property In Need Of Renovation
- Old Textile Mill in the North of England
- Pete’s Business Needs A Cash Injection