We were introduced to a business via a local bank manager who understood both the challenges and the potential within a long-established company undergoing significant change.

The business had been acquired a few years earlier by its current owner, who subsequently purchased another company operating in the same sector. As part of integrating this second business, operations were brought in-house. While this consolidation strengthened efficiency and control, it also left the group with surplus premises that were no longer required. This resulted in a financial obligation relating to lease surrender costs, for which the business arranged a loan to manage the exit.

At the same time, the company was focused on growth and expansion. However, its existing financial structure presented constraints. The business was already supported by a Bounce Back Loan, a debenture-backed facility, and Invoice Finance. With no tangible security available and the director not a homeowner, traditional lending routes were restricted, limiting access to additional funding from mainstream options.

This is where a different approach to lending became essential.

We worked with a funder who partners with the British Business Bank and Local Enterprise Partnerships to deliver regional funding, to generate employment and economic value in the area.

Following a detailed review by the funder, they were able to secure approval for a £100,000 loan over a five-year term. The facility included a limited personal guarantee from the director, reflecting a balanced structure taking into account the business’s current position and future growth plans.

This case highlights the importance of looking beyond conventional lending criteria. With the funding requirement assessed on a more holistic basis, taking into account people, plans, and potential, a solution was obtained that worked for the client.

If you are looking for funding for growth, but do not have security available in the form of property or assets, get in touch with the team at Wise Business Finance. We are on hand to chat through your plans and funding needs.