Our customer is an experienced businessman who is in the process of setting up a business in Africa.
He urgently required circa £550,000 both to supply a consignment to a distributor in order to complete a contract as well as to assist with a brand launch.
We met with the customer and his business partner and were impressed by their experience and business plans.
The loan was secured against our customer’s unencumbered home with his wife taking independent legal advice. There are several possible ways that the bridging loan can be repaid including a standard residential mortgage if required.