Who doesn’t love a Pizza?

When we were introduced to a businessman who was looking to open his second Pizzeria, we were more than happy to see how we could help.

Having secured a 10 year lease on the new premises, a deposit was payable in addition to an advance on the quarterly rent. At a cost of over £50k this was funded by the client, but he required finance to help with the fit out of the new premises.

His first outlet had been funded with a secured loan over property, but at a very high interest rate. The monthly repayments were therefore having a significant impact on cashflow.

After a number of conversations with the client and after reviewing his exiting finance arrangements, we were able to arrange a new secured loan at a more competitive rate. This not only meant the original secured loan was repaid, but additional funds were made available to help with the fit out of the new Pizzeria.

We wish the business well and hope to be on hand for the next stage of it’s growth.

If you operate in the catering or retail space,  do get in touch with the team to discuss your funding needs.