The Situation
Thank you to Clear Business Finance for working with us on this deal.
The requirement was for a secure shop front for a New Start Jewellery store in Birmingham. While the store itself was a new venture, the director was an experienced jeweller, and the business was in a good location.
The Funding Solution
£47,000 Business Loan for Secure Shop Front on a 5-year term.
Having a business loan worked really well for the customer as it gave them more control over the three payments required to the supplier.
Why Asset Advantage?
Clear Business Finance said: “Asset Advantage always take a commercial view, which is great, and they try to make a deal work. The fact that this was a New Start business would have ruled it out for many funders. Also a shop front can be a trickier asset to fund, particularly as it has been made bespoke and tailored for a particular shop.”
Insight from Vickey Want, Assistant Director of Credit
Why I approved this deal: "This new start business has an experienced owner and was in a great location. The purchase was business critical from a good supplier."
Key Facts
Finance Type
Business Loan
Amount Financed
£0
Summary
“Asset Advantage always take a commercial view, which is great… the fact that this was a New Start business would have ruled it out for many funders.”
Term
5 Years
Purpose
Business Loan For New Start Jewellers Secure Shop Front
