Keeping a legacy alive – how specialist finance saved a family business
By Bridging Loan Directory -
A daughter has saved the family business her late father built up, thanks to flexible funding from Together and Clever Lending.
The customer had inherited her dad’s business, which had been his ‘pride and joy’, and was determined to make a success of the company, but needed funding fast to deal with some existing debts.
She was introduced to Clever Lending by her mortgage broker, to boost cash flow so she could realise her plans for the business. Knowing Together’s reputation for speed, they brought the case to the specialist lender.
After reviewing the application Together agreed to provide a loan of £37,670, secured against commercial property – allowing her to save the business and move forward with her plans.
Laleta Buctkuar, pictured, key account manager for Together, said:
“We were delighted to be able to help our customer to preserve her dad’s beloved business. We looked carefully at her situation and, applying our philosophy of common sense lending, were able to provide the finance needed.”
Sonny Gosai, head of specialist lending at Clever Lending, said:
“Thanks to our relationship with Together and their flexible approach to lending, we were able to help keep alive a client’s dream of keeping her father’s business in the family.”
Established in 1974, Together has been bringing common sense to the UK specialist secured lending market for over 43 years. The company recently announced record lending for the 12 months to 30 June 2017, with a current loan book of more than. £2.24 billion.